Marble Market Overview:
The Marble market study gives a complete picture of the competition, including the market share and company profiles of the key competitors in the global industry. The scope of the research includes a thorough investigation of the Marble Market, as well as the reasons for variations in the industry's growth in various locations.
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Market Scope:
Top-down and bottom-up approaches are used to validate the market size and to estimate the market size by different segments. The market estimations in the report are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and breakdowns of the segments are derived based on weights assigned to each of the segments on their utilization rate and average sale price. The country-wise splits of the overall market and its sub-segments are based on the percentage adoption or utilization of the given market Size in the respective region or country.
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Segmentation:
by Color
White
Black
Yellow
Red
Others
Based on colour, it is anticipated that the White segment will experience the fastest CAGR growth. White marble is a symbol of purity and calm. Architects typically utilise white marble as wall or floor coverings to expand and brighten a space. White also has the advantage of being timeless and consistently stylish. White marble is most frequently used for kitchen countertops, kitchen islands, backsplashes, bathroom floors, tub and shower surrounds, wall caps and half-walls, entryway flooring and fireplace surrounds.
by Product
Tiles Slabs
Blocks
The segment for tiles and slabs is predicted to experience the largest CAGR growth throughout the course of the projected period. The main applications for statuary marble slabs include table tops, stairways in kitchens or living rooms, custom countertops, and indoor flooring. The disadvantage of statuary marble slabs is that they are more expensive than other types of marble slabs despite their resistance to stains and scratches. The block segment is anticipated to increase at a rate similar to that of tile slabs. Stair treads, floor tiles, face stones, gravestones, window sills, ashlars, sculptures, benches, and paving stones are just a few of the numerous uses for marble blocks.
by Application
Building and Decoration
Statues and Monuments
Furniture
Others
Building and decoration is anticipated to experience the largest CAGR growth across applications during the forecast period. Marble is commonly used for structural and decorative purposes in the architectural and construction industry, including in outdoor sculptures, walls, veneers, floors, ornamental features, stairways, and paths. Novelty items, inside and outdoor paving, fireplace facing and hearths, and interior and exterior wall cladding all make use of marble.
Key Players:
Major players in the market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, CEOs, and marketing executives. The percentage splits, market shares, growth rate, and breakdowns of the global markets are determined by using secondary sources and verified through the primary sources. The biggest players in the Marble market are as follows:
Key Players in the Marble Market are:
1. Levantina Asociados de Minerales, S.A.
2. Temmer Marble
3. Tekma
4. Pakistan Onyx Marble
5. Dimpomar
6. Mumal Marbles
7. Can Simsekler Construction
8. Mármoles Marín S.A.
9. Aurangzeb Marble Industry
10. Etgran
11. Amso International
12. Universal Mrble Granite
13. Best Cheer Stone Group
14. Fujian Fengshan Stone Group
15. Xiamen Wanlistone stock
16. Kangli Stone Group
17. Hongfa
18. Xishi Group
19. Jin Long Run Yu
20. Xinpengfei Industry
Regional Analysis:
Individual market influencing elements and changes in market laws that influence present and future market trends are also included in the geographical overview of the Marble market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
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COVID-19 Impact Analysis on Marble Market:
Due to a break in operations, end-user sectors where Marble are used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Marble manufacturers, affecting the development of the Marble market in 2020. End-user business demand for Marble has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.
Key Questions Answered in the Marble Market Report are:
- Which segment had the largest share in the Marble market in 2021?
- What is the competitive landscape of the Marble market?
- Which are the key drivers aiding the Marble market growth?
- Which region has the maximum share in the Marble market?
- What will be the CAGR of the Marble market during the forecast period (2022-2027)?
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