Global Marble Market To Reach $50.03 Billion By 2028 With A Growth Rate Of 9.5%
The Business Research Company's Marble Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
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The marble market is growing rapidly, with its size expected to rise from $31.33 billion in 2023 to $34.8 billion in 2024, at a CAGR of 11.1%. The growth is attributed to architectural demand, urbanization, international trade, a preference for natural materials, and cultural heritage preservation.
What Is the Future Market Size of the Global Marble Market and Its Yearly Growth Rate?
The marble market is expected to grow to $50.03 billion by 2028 at a CAGR of 9.5%. Growth is driven by sustainable quarrying practices, rising demand in emerging markets, the increasing use of marble in furniture and décor, and infrastructure development. Major trends include innovative finishes, digital technologies in marble processing, customization, designer collaborations, and online sales.
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What Are The Primary Growth Drivers Of The Marble Market?
The growth of the construction industry is expected to drive the marble industry. Marble is highly valued in construction due to its aesthetic appeal, durability, and versatility. It is widely used in both interior and exterior applications, such as walls, floors, and sculptures, contributing to its demand in the construction sector.
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Who Are The Top Market Players Contributing To The Growth Of The Marble Market?
Major companies operating in the market report are Staron, DuPont de Nemours Inc., Kuraray, 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.
What Emerging Trends Are Affecting The Size Of The Marble Market?
New product introductions have become a significant trend in the marble industry. Companies are focused on developing higher-quality marble products to cater to growing demands.
How Is the Global Marble Market 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
Geographical Analysis: Asia-Pacific Emerges as the Marble Market Leader
Asia-Pacific was the largest region in the marble global market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is The Definition And Overview Of The Marble Market?
Marble is a metamorphic rock formed when limestone is subjected to heat and pressure, resulting in recrystallized carbonate minerals like calcite or dolomite.
The Marble Global Market Report 2024 from The Business Research Company includes the following key information:
• Market size data for both historical and future periods
• Analysis of both macro and microeconomic factors that have impacted the market over the past five years
• Regional market analysis covering Asia-Pacific, China, Western Europe, Eastern Europe, North America, the USA, South America, and the Middle East and Africa
• Country-specific market analysis for Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
Overview of the Global Marble Market Report: Trends, Opportunities, Strategies, and More
The Marble Global Market Report 2024 from The Business Research Company is an extensive resource that delivers insights into marble market size, marble market drivers and trends, marble global market major players, marble competitors' revenues, marble global market positioning, and marble market growth across geographies. This report provides valuable in-depth insights into potential opportunities and strategies. Companies can utilize the information presented to target segments with the greatest growth potential.
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