Artificial Marble Market on Track for Strong Growth, Estimated to Grow at 9% CAGR Through 2029

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What Is the Expected CAGR for the Artificial Marble Market Through 2025?
The size of the artificial marble market has significantly expanded in the past few years. The market, valued at $9.73 billion in 2024, is projected to rise to $10.61 billion in 2025, indicating a compound annual growth rate (CAGR) of 9.1%. The increase in the market size during the historic period can be related to factors such as heightened renovation and remodeling activities, the emergence of affordable production options, a heightened preference for materials requiring less maintenance, escalating urbanization, and the increased demand for visually appealing materials.

What's the Projected Size of the Global Artificial Marble Market by 2029?
The market size of artificial marble is predicted to witness substantial growth in the following years, anticipated to reach $14.98 billion by 2029 with an annual growth rate of 9.0%. The projected uptick in growth can be credited to increasing demands from commercial infrastructure projects, heightened concentration on green and sustainable construction materials, escalated investments in real estate and smart cities, a trending consumer inclination towards personalised and designer surfaces, and a rise in disposable income. Prominent trends expected in the forecast period encompass progress in manufacturing technologies, amalgamation of digital printing and surface texturing, technology-induced enhancements in composite materials, progression in sustainable material engineering, and advancements in surface coating and finishing procedures.

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Top Growth Drivers in the Artificial Marble Industry: What's Accelerating the Market?
The growth of the artificial marble market is anticipated to be propelled by increasing construction activities. These activities involve various tasks and processes necessary for the creation, alteration, or removal of structures and infrastructure. This can include groundwork, excavation, laying foundations, structural work, setting up electrical and plumbing systems, roofing, final touches, and landscaping. A surge in these activities can be attributed to population increase, which subsequently heightens the demand for residential and commercial spaces as well as fundamental infrastructure. Artificial marble, offering sturdy, economical, and customisable surfaces that imitate natural stone, proves beneficial in both residential and non-residential construction. It's a perfect choice for countertops, floors, and wall claddings due to its low maintenance and impressive visual allure. For instance, the Office for National Statistics of the UK government reported in November 2024 that construction production experienced an estimated increase of 0.8% in the third quarter of 2024 in contrast to the second quarter of that year. There was also an increase in monthly volume of 0.1% in September 2024. Thus, the escalation in construction activities is fueling the expansion of the artificial marble market.

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What Trends Will Shape the Artificial Marble Market Through 2029 and Beyond?
Leading organizations in the artificial marble market are emphasizing innovations in manufacturing processes to boost product longevity, enhance visual attractiveness, and curtail production expenses. This includes the development of engineered marbles, a synthetic composite combining natural marble elements with resins and pigments. This innovation provides a uniform, customizable, and robust surface for flooring, countertops, and wall cladding applications. For example, in August 2023, Lotte Chemical, a South Korean chemical company, introduced the Premiere Collection. This engineered stone series, part of its Staron brand, authentically emulates the natural patterns and sophistication of authentic stone. Crafted from acrylic-based solid surface material fused with natural minerals, this collection delivers a non-porous, enduring, and sanitary surface, complete with graceful dual-tone veining. The Premiere Collection, suitable for a wide range of uses including countertops, vanities, and flooring, combines practicality with visual allure, making it ideal for both residential and commercial settings.

What Are the Main Segments in the Artificial Marble Market?
The artificial marble market covered in this report is segmented -

1) By Type: Polyester Artificial Marble, Cement Artificial Marble, Composite Artificial Marble, Sintered Artificial Marble
2) By Application: Flooring, Countertops, Vanity Tops, Bathtubs, Wall Panels, Shower Stalls, Other Applications
3) By End-Use: Architecture And Art, Building And Construction

Subsegments:
1) By Polyester Artificial Marble: Solid Surface Polyester Marble, Cultured Marble, Engineered Stone Polyester Marble
2) By Cement Artificial Marble: Fiber Reinforced Cement Marble, Lightweight Cement Marble Panels, Cast Cement Marble Blocks
3) By Composite Artificial Marble: Resin-Based Composite Marble, Thermoplastic Composite Marble, Hybrid Natural Stone Composite Marble
4) By Sintered Artificial Marble: High-Density Sintered Stone Slabs, UV-Resistant Sintered Marble, Thermal And Chemical Resistant Sintered Panels

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Which Top Companies are Driving Growth in the Artificial Marble Market?
Major companies operating in the artificial marble market are Lotte Advanced Materials Co. Ltd, Kuraray Co. Ltd., LX Hausys, Cosentino Group, Caesarstone Ltd., Interplastic Corporation, Vicostone, Aristech Surfaces, Technistone, Belenco, Pengxiang Industrial, Engistone India Private Limited, FOR U Stone, Hanwha L&C, Hyundai L & C Europe GmbH, Kingkonree Shenzhen Ltd, Marblecraft Company Inc, Marmil S.A., Shakti Granite, Utand Stone Machinery, Quartzforms S.p.A.

Which Regions Will Dominate the Artificial Marble Market Through 2029?
North America was the largest region in the artificial marble market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial marble market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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