Global Marble Market Forecast, Trend Analysis And Competition Tracking - Global Market insights 2015 to 2031

Global Marble Market Introduction:

The word "marble" is derived from the Latin word marmoreus, meaning "of marble." Marble is a type of metamorphic rock composed of recrystallized carbonate minerals, most commonly calcite or dolomite and formed by the metamorphism of limestone. Marble is often used as a building material and popular for sculpture and other decorative arts.

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Marble is been used for thousands of years and has a long and interesting history. Marble is a type of rock that can come in a variety of colors. It is often used in construction and flooring because of its durability and beauty. Marble can also be carved into sculptures and other decorative items. While most marbles are white, black, green, and red marbles are available. Marble can be polished to a high sheen and is used in many different applications, such as countertops, flooring, and sculptures.

There are several potential future developments in the marble and construction industries.  Firstly, new construction techniques may be developed that make use of marble in a more efficient way, thus increasing its popularity. Secondly, the use of marble in interior design may become even more popular, as people continue to appreciate its natural beauty and unique texture. Finally, advances in quarrying technology may lead to the discovery of new sources of marble, which could help to stabilize prices and increase availability.

Global Marble Market Revenue Outlook:

Global Marble Market was valued at US$ 18.6 Bn in 2020 and is projected to register а САGR of 5.2% by 2031.

Increasing demand for marble in several end-use applications

The easy and bulk availability of marble is expected to drive the marble market as it becomes more accessible and affordable for consumers. The abundance of this natural resource is also likely to spur growth within the construction industry, as architects and builders look to use marble in their projects. Additionally, the lower cost of raw materials is likely to make marble products more competitive in the global marketplace, which should help to boost demand from overseas buyers.

The increasing demand for marble is due to its unique properties, which include its attractiveness, durability, and resistance to fire and staining. Marble is quarried in a variety of colors, including white, black, green, and pink, so it can be used for wide range of applications. Its popularity has led to an increase in the price of marble over the past few years.

Availability of substitutes may limit the market revenue growth

There are many substitutes of marble stone in construction. Some of the most popular substitutes are granite, limestone, and onyx. Each of these stones has unique properties that make them good substitutes for marble. Granite is also strong and durable stone that can withstand a lot of wear and tear. Granite is also resistant to staining and scratching.

Opportunities for marble manufacturing companies

There are several revenue growth opportunities for marble manufacturers. One opportunity is to expand their market by targeting new customers. Another opportunity is to improve their product offerings by adding new designs or colors. A third opportunity is to increase efficiency in their production process. Finally, they could explore new ways to market their products through social media or online platforms.

Leading Exporters Of Marble Market

1. Turkey
2. Italy
3. Spain
4. Egypt
5. Greece
6. Iran
7. Portugal
8. Pakistan
9. India
10. United States

World Import-Export of Marble and travertine, crude or roughly trimmed Under HS Code 251511

Source: Prudour, 2021

COVID-19 Impact Analysis of Marble Market

The coronavirus (COVID-19) outbreak has severely disrupted the economy, the disruptive impact on global trade also affects households, businesses, financial institutions, industrial institutions and infrastructure companies. Economy the crisis caused by the virus has hit more organizations around the world. Similarly, onstruction and engineering projects around the world are threatened in various ways. Many programs have closed due to the COVID-19 pandemic. As a result, a the construction industry in almost all countries experienced a financial recession and caused unemployment. All in all, this situation has caused great concern, uncertainty and unrest in society and construction industry.

The impact of COVID-19 on the GDP, construction sector and unemployment of the following countries

INDIA

• GDP of India shrinks 23.9% in Q1FY21.
• The construction sector accounts for 8% of India’s GDP(at constant prices).
• The impact of the Corona virus on India's construction industry is costing an estimated Rs 30,000crore every day. This pandemic will reduce investment in construction industry by 13 to 30 percent, which will probably affect gross value added and employment.

USA

• Economy of U.S.A. diminish ed 4.8% in the 1^st quarter of 2020 due to Corona Virus pandemic which has shut down the country.
• Corona virus outbreak raises unemploy ment by 14.7% in April 2020 and job losses reach 20.5 million.

Regional Analysis on Marble Market

The Europe region in the global marble market is expected to account for significant market share, among others

The Europe region accounts for majority revenue share in the marble market due to the increasing demand for luxury and high-end products. The region is also considered as home to some of the world's largest marble reserves, contributing to its competitive edge. Additionally, strong economic growth in Europe is expected to result in increased purchasing power and higher demand for luxury items such as marble products.

Competitive Landscape of Marble Market

A list of the major leading players operating in the Marble market are mentioned below:

• Antolini Luigi & C Spa
• BC Marble Products Ltd
• Daltile
• Dimpomar
• Fox Marble
• Hilltop Granite
• Indiana Limestone Company (A Polycor Inc. Company)
• Levantina y Asociados de Minerales SA
• Mumal Marble
• NAMCO CO. srl
• Simsekler Mermer
• Tekmar Marble Industry
• Temmer Marble
• Topalidis SA
• Vetter Stone
• Xishi Group Development Co. Ltd
• Other Key Industry Players

Key Segments Covered

Global Marble Market, By Color

• White
• Black
• Yellow
• Red
• Others

Global Marble Market, By Application

• Building & Construction
• Statues and Monuments
• Furniture
• Other Applications