Marble Market Scope
Over the past few decades, the global construction industry has experienced lucrative growth across the developing economies and inclusion of marble in construction activities has ultimately generated significant demand for marble and marble products across the globe. Marble is a naturally occurring mineral which is majorly used in the construction industry. It is composed of several carbonates such as calcite and dolomite. It is mainly available in white in color and yellow and red in case of pigmented marbles. This mineral is mainly used in decorative purpose, for instance; marble is used for centuries to create landmark buildings such as the Taj Mahal, Parthenon, and U.S. Supreme Court Building, along with several renowned cathedrals, churches, and tombs across the world.
The market study is being classified by Type (White Marble, Black Marble, Yellow Marble, Red Marble, Green Marble and Others), by Application (Construction and Decoration, Statuary and Monuments, Furniture and Others) and major geographies with country level break-up.
The Vendors having a strong hold in the market are Levantina, Polycor, Indiana Limestone, Vetter Stone, and Topalidis. Research Analyst at AMA predicts that Asian and European Vendors will contribute to the maximum growth of Global Marble market throughout the predicted period.
Levantina (Spain), Polycor (Canada), Indiana Limestone Company, Inc. (United States), Vetter Stone Company (United States), Topalidis S.A. (France), Antolini Luigi & C. S.p.A. (Italy), Temmer Marble (Turkey), Tekmar (Canada), Pakistan Onyx Marble (Pakistan) and DIMPOMAR, Rochas Portuguesas, Lda (Portugal) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Mumal Marbles (India), Mármoles Marín (Spain), Aurangzeb Marble Industry (Pakistan), Amso International Sas (Italy), Best Cheer Stone Group (China) and Fujian Fengshan Stone Group (China).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Marble market by Type, Application and Region.
On the basis of geography, the market of Marble has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2018. North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
On 13th February 2019, Indiana Limestone Company (ILCO), a global supplier of natural limestone building products and largest limestone quarrier in the United States has received ANSI/NSC 373 Sustainable Production of Natural Dimension Stone certification for its three quarries. This accreditation helps architects and builders who specify ILCO materials ensure the stone for their buildings is produced in an economic, environmental and socially responsible manner.
Market Trend
- Improvements in Axial Marble Cutting with Enhanced Efficiency
- Inclusion of Marble Products in Kitchen Based Construction Products
Market Drivers
- Increasing Applications of Marble and Respective Substrates from COnstruction Industry
- Provides Comparatively Durable and Attractive Solutions
Opportunities
- Use of Marble Provides Comparatively More Attractive Construction Solutions
- Increasing Construction and Development Opportunities from APAC and Middle Eastern Countries
Restraints
- Comparatively Expensive that the Conventional Stones
- Lack of Geographically Dispersed Availability of the Marble
Challenges
- Robustly Increasing Distribution Overheads and Labour Costs
Key Target Audience
Marble Manufacturers, Marble Distributors and Suppliers, Marble & Stone Industry Associations, Government Agencies, Research and Development Institutes, Construction Industry Associations, Upstream and Downstream Buyers and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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