Rising construction has Propelled the Growth of the Marble Market in the Asia Pacific Region!

Increasing demand for marble in various industries, including construction, architecture, and interior design. China is the largest single market for growth in the building sector. It has a huge number of new constructions globally, adding an average of 1.8-2.0 billion m2 (19 – 21 billion ft2) annually. Furthermore, the total floor area of the building in China is projected to be 80 billion m2 (861 billion ft2) by 2030. For instance, as per the National Bureau of Statistics of China, the value added to the Chinese construction industry accounted for CNY 8,013.8 billion (USD 1,241.87 billion) in 2021, compared to CNY 7,244.5 billion (USD 1,050.33 billion) in 2020. Marble is known for its durability, beauty, and versatility, making it a popular choice for a wide range of applications. In the construction industry, marble is used for its strength and durability in the production of building materials such as countertops, flooring, and wall tiles. It is also used in the production of sculptures and other decorative elements. In architecture, marble is used for its ability to create a sense of grandeur and luxury. It is often used in the construction of high-end residential and commercial buildings, as well as in the restoration of historic buildings. In interior design, marble is used for its ability to add a touch of elegance and sophistication to any space. It is often used in the production of furniture, decorative accents, and other home decor items.

Further, the Asia Pacific Marble Market is expected to grow at a strong CAGR during the forecast period (2023-2030). Asia-Pacific is expected to grow significantly during the forecast period. This is mainly owing to the region being home to a large and growing middle class, which is increasingly affluent and has a higher disposable income. This has led to an increase in demand for luxury goods, including marble, which is often associated with high-end and exclusive products. Additionally, the region has a large and growing construction industry, which is a major consumer of marble. Marble is used in the production of a wide range of building materials, including countertops, flooring, and wall tiles, as well as in the production of sculptures and other decorative elements. Moreover, many large and growing tourism industry, which is another major consumer of marble. Marble is often used in the construction of hotels, resorts, and other tourist attractions, as well as in the production of souvenirs and other gift items. Thus, such factors are increasing the demand for marble across the region.

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Asia Pacific MarbleRevenue (2020-2030)- USD Mn

Based on color, the marble market is segmented into white, yellow, red, black, and others. White color marble is expected to grow with a robust CAGR during the forecast period. White marble is the most popular and widely used color of marble, and it is often associated with luxury, elegance, and sophistication. White marble is used in a wide range of applications, including construction, architecture, and interior design. In construction, it is often used for its strength and durability in the production of building materials such as countertops, flooring, and wall tiles. It is also used in the production of sculptures and other decorative elements. Thus, such factors are increasing the demand for white marble which in turn is escalating the market for marble across the globe.

Based on application, the marble market is divided into building & construction, statues & monuments, furniture, and others. Among all, building & construction held a prominent market share in 2022. Marble is a popular choice for builders and architects due to its strength, durability, and beauty. In the construction industry, marble is used for a wide range of applications, including the production of building materials such as countertops, flooring, and wall tiles. It is also used in the production of sculptures and other decorative elements. Marble is often used in the construction of high-end residential and commercial buildings, as well as in the restoration of historic buildings. It is also used in the production of public buildings such as museums, libraries, and government buildings. Thus, such factors are increasing the market for building & construction which is further escalating the market for marble.

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Global Marble Market Segmentation

Market Insight, by Colour

• White
• Yellow
• Red
• Black
• Others

Market Insights, by Application

• Building & Construction
• Statues & Monuments
• Furniture
• Others

Market Insight, by Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Rest of Europe
• APAC
  • China
  • Japan
  • India
  • Rest of APAC
• Rest of the World

Top Company Profiles

• Asian Granito India Limited
• Dal-tile corporation
• Dimpomar – Rochas Portuguesas Lda
• Levantina Y Asociados De Minerales S.A.U.
• Temmer Marble
• Topalidis S.A.
• Hellenic Granite Company S.A.
• Namco Co. Srl
• Fox Marble Holdings Plc.
• Delta Marble