Introduction
Marble is a metamorphic rock that forms when limestone is subjected to the heat and pressure of metamorphism. It is composed primarily of the mineral calcite (CaCO3) and usually contains other minerals, such as clay minerals, micas, quartz, pyrite, iron oxides, and graphite.
Rising demand for infrastructure development in developing economies and growth of construction industry in APAC region are driving the market growth. On the other hand, the availability of cost-effective substitutes is like to hamper the market demand
Despite the current pandemic situation, the ferromanganese producers are recovering their operations in full capacities from 2021 beginning. Along with this, the recovering industrial activities across the globe are expected to mitigate to numerous potential negative impacts caused during COVID-19 and maximize their opportunities in future.
Table of Contents
Executive Summary
Scope of the report
Research Methodology
Executive Summary
Introduction
5.1 Parent Market/ TAM
5.2 Market Outline
5.3 Market Segmentation
6.Five Force analysis
7.Market Sizing
8.Market segmentation
9.Geographical Landscape
9.1 APAC
9.2 Europe
9.3 North America
9.4 ROW
10. Growth drivers
10.1 Rising investment on infrastructure development activities
10.2 Increasing demand for marbles from construction industry
11.Key Market Trends
12.Impact of Covid-19
13.Challenges
14.Customer Insights analysis
15.Major Market Players
15.1 Levantina y Asociados de Minerales
15.2 Temmer Marble
15.3 Hellenic Granite Company
15.4 Fox Marble Holdings
15.5 California Crafted Marble
15.6 Topalidis
15.7 Asian Granito
15.8 Polycor
15.9 Dal-Tile Corporation
15.10 First Marble & Granite
16.Recent Developments
17.Future Scope
18.Strategic Recommendations
Market Overview
The global marble market is expected to grow to $15.80 billion by 2025.
Growth momentum is expected to accelerate during the forecast period with a 3.66% CAGR.
White-colored marble is the widely used marble in the construction industry and is expected to lead the market during the forecast period.
APAC is expected to dominate the market due to increasing government investment in infrastructural development
Key Trends
The growing demand for marble in arts and carvings application is anticipated to propel the demand for the market in the coming years.
Increasing spending in construction and infrastructure development activities in the ASEAN region is anticipated to drive the market demand.
Key Market Players
Some of the key players in the market are Levantina y Asociados de Minerales, Temmer Marble, Hellenic Granite Company, Fox Marble Holdings, California Crafted Marble, Topalidis.
The industry participants are focusing on strategies to tackle the falling demand from its end-user industries due to COVID-19 restrictions across the globe. Many vendors are adopting various strategic sources such as mergers & acquisitions, expansion, and new product launches, enhancing their current position in the marble market.
Growth Drivers and Challenges
The rising investment on infrastructure development activities across globe driving the market demand. For instance, global investment in infrastructure is expected to reach US$ 79 Trillion by 2040.
Increasing demand for marbles from the construction industry is also driving the market.