Pre-order Enquiry
Request Free Sample
Healthcare
Aerospace & Defence
Agriculture
Automations
Chemicals & Advanced Materials
Food & Beverages
Information & Communication Technology
Oil & Gas
Power & Energy
Global Artificial Marble Research Report Forecast till 2025.
Market Analysis
The Global Artificial Marble Market is forecasted to grow with a steady growth rate of 9.48% CAGR during study period. Artificial marble is composed of basic elements such as silica, fluorspar, and waste materials like limestone, clay, magnesite and phosphate. The artificial marbles are of four kinds namely compound artificial stone, resin-based artificial stone, cement-based artificial stone, and sintered artificial stone. These marbles looks attractive gives artistic sense to the structure they are used in flooring, countertops, vanity tops, and bathtubs.
The growing infrastructure development in emerging economies brings about various rules and regulations in real estate and construction market. These rules are anticipated to enhance the advancement of the construction zone and responsible to drive the market. The Artificial marble infrastructure has numerous advantages cost-effectiveness, low maintenance, low water absorption rate, and environmental benefits. Hence there is a rising demand of the artificial marble and the market is expected grow with a rapid pace during study period.
The major growth driving factor for global artificial marble is rich and stylish appearance. However the natural marble is used as a substitute for artificial marble because of various features of natural stone owe to restraining factor for the global artificial market.
Market Segmentation
The Global Artificial Marble market is categorized globally by type and application.
By type segment, the global artificial marble market is divided into polyester artificial marble, cement artificial marble, composite artificial marble, and sintered artificial marble.
By application type, the global artificial marble industries are subdivided into flooring, countertops, vanity tops, bathtubs, wall panels, shower stalls, and others. Because of continuous expansion of construction sector the flooring segment is anticipated to lead the artificial marble market. Artificial market is preferred to use in residential, commercial, and high traffic areas such as metro stations, shopping malls, and airports.
Regional Analysis
Geographically the Synthetic marble market is segmented into Europe, North America Asia-Pacific (APAC), and the rest of the world.
Asia-Pacific region is expected to dominate the Cement artificial marble market during the forecast period, followed by Europe, as a result of the fast expansion of the construction industry.
China contributes to the largest market share along with polyester artificial marble segment and flooring segment contributing to its maximum account in 2018. The major growth driving factor in the region is the expanding construction industry, along with the increasing disposable income
Major Players
The Key competent operating in the Global Artificial Marble industry are DuPont de Nemours, Inc (US), Lotte Advanced Materials Co., Ltd (South Korea), LG Hausys (South Korea), Guangdong Chuanqi Compound Stone Co.,Ltd (China), Marmil S.A. (Greece), Nanan Guang Tai Xiang Stone Co., Ltd (China) , Pengxiang (China), Wanfeng Compound Stone Technology Co., Ltd. (China), Shanghai Meyate Group (China), Samsung Stone Industry Co., Ltd. (China), Yunfu Liji Stone Co., Ltd (China), Bitto Industry (Dongguan) Co., Ltd. (China), and Jordan Marble and Granite (US).
We are continuously tracking the impact of COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations and many other useful insights.
Market Analysis
The Global Artificial Marble Market is forecasted to grow with a steady growth rate of 9.48% CAGR during study period. Artificial marble is composed of basic elements such as silica, fluorspar, and waste materials like limestone, clay, magnesite and phosphate. The artificial marbles are of four kinds namely compound artificial stone, resin-based artificial stone, cement-based artificial stone, and sintered artificial stone. These marbles looks attractive gives artistic sense to the structure they are used in flooring, countertops, vanity tops, and bathtubs.
The growing infrastructure development in emerging economies brings about various rules and regulations in real estate and construction market. These rules are anticipated to enhance the advancement of the construction zone and responsible to drive the market. The Artificial marble infrastructure has numerous advantages cost-effectiveness, low maintenance, low water absorption rate, and environmental benefits. Hence there is a rising demand of the artificial marble and the market is expected grow with a rapid pace during study period.
The major growth driving factor for global artificial marble is rich and stylish appearance. However the natural marble is used as a substitute for artificial marble because of various features of natural stone owe to restraining factor for the global artificial market.
Market Segmentation
The Global Artificial Marble market is categorized globally by type and application.
By type segment, the global artificial marble market is divided into polyester artificial marble, cement artificial marble, composite artificial marble, and sintered artificial marble.
By application type, the global artificial marble industries are subdivided into flooring, countertops, vanity tops, bathtubs, wall panels, shower stalls, and others. Because of continuous expansion of construction sector the flooring segment is anticipated to lead the artificial marble market. Artificial market is preferred to use in residential, commercial, and high traffic areas such as metro stations, shopping malls, and airports.
Regional Analysis
Geographically the Synthetic marble market is segmented into Europe, North America Asia-Pacific (APAC), and the rest of the world.
Asia-Pacific region is expected to dominate the Cement artificial marble market during the forecast period, followed by Europe, as a result of the fast expansion of the construction industry.
China contributes to the largest market share along with polyester artificial marble segment and flooring segment contributing to its maximum account in 2018. The major growth driving factor in the region is the expanding construction industry, along with the increasing disposable income
Major Players
The Key competent operating in the Global Artificial Marble industry are DuPont de Nemours, Inc (US), Lotte Advanced Materials Co., Ltd (South Korea), LG Hausys (South Korea), Guangdong Chuanqi Compound Stone Co.,Ltd (China), Marmil S.A. (Greece), Nanan Guang Tai Xiang Stone Co., Ltd (China) , Pengxiang (China), Wanfeng Compound Stone Technology Co., Ltd. (China), Shanghai Meyate Group (China), Samsung Stone Industry Co., Ltd. (China), Yunfu Liji Stone Co., Ltd (China), Bitto Industry (Dongguan) Co., Ltd. (China), and Jordan Marble and Granite (US).
We are continuously tracking the impact of COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations and many other useful insights.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
