Emphasis on Color (White, Yellow, Red, Black, and Others); Applications (Building & Construction, Statues & Monuments, Furniture, and Others); and Region/Country.
The Global Marble Market was valued at USD 19.51 Million in 2021 & is expected to grow at a CAGR of 4% from 2023-2030. Marble is basically a metamorphic rock that forms limestone when subjected to heat and pressure. It has a translucent feature and allows light to enter and give out a soft glow. Marble can also take a very high polish. Thus, it is also used in making sculptures and in the construction of monuments. Moreover, in comparison to other natural stones marbles have higher durability. Factors such as the rising use of marble for making sculptures and in the construction of monuments. Companies operating in the global marble market are indulging in collaborative agreements such as mergers and acquisitions, product launches, and similar strategies to obtain the top position in the market competition. For instance, in February 2022, Cupa Group, through Burton Roofing, announced the acquisition of 100% Discount Roofing, a firm that specializes in the distribution of roofing products. Via this deal, the company strengthened its presence in the British market and maintained its leadership position in the slate industry.
Some of the major players operating in the market include 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, Mining, Construction Import And Export Inc.
Insights Presented in the Report
“Amongst color, White color marble is expected to grow with a robust CAGR during the forecast period”
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.
“Amongst application, building & construction held a prominent market share in 2022”
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.
“Asia-Pacific is expected to grow significantly during the forecast period”
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.
Marble Market Report Coverage
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Impact Of Covid-19 On The Marble Market
6. Marble Market Revenue, 2020-2030f
7. Market Insights By Color
8. Market Insights By Application
9. Market Insights By Region
10. Marble Market Dynamics
11. Marble Market Opportunities
12. Marble Market Trends
13. Demand And Supply Side Analysis
14. Value Chain Analysis
15. Price Analysis
16. Competitive Scenario
17. Company Profiled
18. Disclaimer
Research Methodology for the Marble Market Analysis (2023-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global Marble market were the three major steps undertaken to create and analyze the adoption of Marble in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Marble market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Marble market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Marble market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as color and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Marble market. Further, we conducted factor analysis using dependent and independent variables such as color and application of the Marble market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Marble market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Marble market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Marble market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the color and application in the global Marble market.
The main objective of the Global Marble Market Study
The current & future market trends of the global Marble market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
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