Press release
Emerging Trends to Drive Marble Market Growth at 3.6% CAGR Through 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Marble Market Size Growth Forecast: What to Expect by 2025?
In recent years, the marble industry has seen consistent expansion. The market, which is set to rise from $14.85 billion in 2024 to $15.43 billion in 2025, anticipates a compound annual growth rate (CAGR) of 3.9%. The previously recorded growth is a reflection of factors such as architectural need, worldwide urban development, international commerce and exports, preference for organic materials, and the preservation of cultural heritage.
How Will the Marble Market Size Evolve and Grow by 2029?
In the coming years, the marble market size is forecasted to steadily grow, reaching a market value of $17.74 billion in 2029 with a compound annual growth rate (CAGR) of 3.6%. This growth during the forecast period is due to factors such as environmentally-friendly quarrying practices, growing demand in budding markets, increased application in furniture and décor, developments in infrastructure, and the use of marble as a green building material. Notable trends in this period will involve advancements in marble finishing, the use of digital technology in marble processing, customization and personalization of marble products, partnerships with designers and architects, and the growth of online sales and digital marketing.
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What Drivers Are Propelling the Growth of Marble Market Forward?
The burgeoning construction sector is anticipated to generate a surge in the marble market's expansion. This sector pertains to the myriad operations involved in the assembly, repair, renovation, and upkeep of infrastructure. Marble is prominently utilized within the construction area due to its appealing aesthetics, long-lasting nature, and versatility. It's employed for interior and exterior purposes alike, including walls, flooring, and sculptures, to enhance the aesthetic value of structures. Moreover, due to its high durability and heat resistance, marble is ideal for various construction uses. As an example, the US Census Bureau, a US governmental entity, indicated that the worth of construction activities escalated from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Consequently, the escalating construction sector is the primary driver for the marble market's growth.
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Which Fast-Growing Trends Are Poised to Disrupt the Marble Market?
The release of new products is a notable trend that is becoming ever more popular in the marble market. Companies are focusing more and more on manufacturing and improving new marble products. For example, in March 2022, A-Class Marble India Pvt Ltd., a company based in India that manufactures marble, brought out a new line called the Exotica marble collection. This standout and luxurious range draws on precious stones imported specifically from Brazil and Norway. The Exotica marble collection presents a variety of unique and superior quality marbles. Included in the selection are marbles such as Patagonia, Emerald Quartz, and other varieties, merging the radiant beauty of quartz, rubies, and emeralds with the tasteful sophistication of marble, resulting in distinctive patterns and textures. The transparent finish of the Exotica range aims to add a polished elegance to both interior and exterior spaces.
What Are the Key Segments in the Marble Market?
The marble market covered in this report is segmented -
1) By Type: Natural; Synthetic
2) By Form: Slab; Powder
3) By Color: White; Other Colors
4) By Application: Building and Decoration; Statues and Monuments; Furniture; Other Applications
Subsegments:
1) By Natural: Calcareous Marble; Dolomitic Marble; Marble Slabs and Tiles
2) By Synthetic: Engineered Marble; Resin-Based Marble; Polymer Composite Marble
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Who Are the Key Players Shaping the Marble Market's Competitive Landscape?
Major companies operating in the marble market include Staron, DuPont de Nemours Inc., Aristech Acrylics, Durat, PengXiang Industry, MARGRAF, Ranamar, LG Hausys, Levantina y Asociados de Minerales S.A., Indiana Limestone Company, XiShi Group, Vetter Stone, New SunShine Stone, Southland Stone Group, Hanex, Pakistan Onyx Marble, Sinai Marble, Fox Marble, CXUN, Wanfeng Compound Stone, ChuanQi, Leigei Stone, Jinlong Yu Marble, Guangdong Chuanqi Compound Stone Co Ltd, Nanan Guang Tai Xiang Stone Co Ltd, Mumal Marbles, Aurangzeb Marble Industry, Kangli Stone Group, Best Cheer Stone
What Geographic Markets Are Powering Growth in the Marble Market?
Asia-Pacific was the largest region in the marble market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the marble market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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