Marble Market Scope
The Marble Market Report highlights major revenue stream for the forecast year 2020-2025 with growth patterns, sales volume and key market dynamics of industry. The report focuses on marble market size, share, growth status and future trends along with business developments. The report also covers statistical overview on overall future prospects, demand scope, latest technological advancements and opportunities-challenges of top key players. It also gives in-depth insights on SWOT and PESTLE analysis based on industry segmentations and regional developments. Global marble market study with 134 market data Tables, Pie Chat, Graphs Figures is now released BY MNM. The report presents a complete assessment of the Market covering future trends, current growth factors, attentive opinions, facts, and industry-validated market data forecast until 2025.
The marble market in 2020 is estimated at USD 13 billion and is projected to reach USD 16 billion by 2025, at a CAGR of 3.6% from 2020 to 2025.
The study reveals a set of market growth constraints to provide sound knowledge about the existing and potential challenges to business growth, which would play an important role for Marble companies while strategy designing. The report focuses on the marble market expert review segments by Color (White, Black, Yellow, Red, and Others), Application (Building Construction, Statues Monuments, Furniture), and Region.
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Marble Market Key Players
The report covers extensive analysis of the key market players in the market, along with their business overview, expansion plans, and strategies. The key players studied in the report include:
Marble Market Segmentation
Marble market segmentation can be done based on various factors, including:
On the basis of color
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White segment is estimated to witness fastest growth in the marble market, during the foreast period
Based on color, the white segment is estimated to witness highest growth in the marble market during the forecast period. White marble is highly suitable for structures that require luxurious and aesthetical appeal owing to its wide range of shades, textures, and patterns. Various renowned structures such as the Taj Mahal and the statue of Lincoln were made using very bright white marble. Asia Pacific is the largest consumer of white marble in applications such as building construction, statues monuments, and furniture.
On the basis of application
Building construction segment accounts for the largest share of the marble market
The building construction segment is estimated to lead the marble market in 2020 in terms of value, due to the rising demand for residential and commercial infrastructure. Marble is widely used building construction application in flooring, wall, roofing, columns, and exteriors. In addition, marble is among the leading natural stones preferred for construction of residential and commercial buildings.
On the basis of region
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Asia Pacific is expected to witness the fastest growth in the marble market during the forecast period
The marble market in the Asia Pacific region is projected to grow at the highest CAGR between 2020 and 2025. China, Japan, India, and South Korea are estimated to be the fastest growing markets in the region for marble during the forecast period. China and India were the largest consumers of marbles in the Asia Pacific region in 2019. Outbreak of COVID-19 from China and the impact of coronavirus in Japan, South Korea, Autralia, and India has caused a trivial decrease in the consumption of marbles. However, the consumption of marble is expected to resume from the second half of 2020.
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