Artificial Marble Market By Product type (Polyester Artificial Marble, Cement Artificial Marble,, Composite Artificial Marble, Sintered Artificial Marble), By Application (Flooring, Walls, Countertops, Others), By End User (Residential, Non-Residential): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global artificial marble market size was valued at $2,876.4 million in 2021, and is projected to reach $4,575.2 million by 2031, registering a CAGR of 4.7% from 2022 to 2031.
Artificial marbles are made up of combination of granite with gypsum or crushed marble, polyester resin, sand and cement. The appearance of marble stone is created by using crushed rocks as filler, colors, and resin as a binder. It is also called composite, synthetic, cultured marble stones. Various materials such as sand, cement, powder, acrylic glue and many more are mixed together under high pressure in vacuum to solidify the mixture or solution into hard artificial marble stone.
In addition, the expansion of the construction sector due to increase in new construction and refurbishment of existing structures. The need for new building to meet residential, commercial, and commodities needs as well as increasing construction of hotels, malls and airports are driving the artificial marble market growth. Artificial marbles have various advantages over natural marbles such as easy maintenance, low cost, variety of color and textures, easily remolded and reshaped, highly durable and hassle-free, which is projected to help sustain the demand for artificial marble stones.
Moreover, renovation and reconstruction of existing homes and commercial properties are expected to drive the market growth. For instance, in year 2020, European Commission has announced “Renovation Wave” initiative for public and private buildings, which has set an aim of substantially increasing the renovation rates across the EU and to provide a framework for renovation to support the green building. The plan states that the additional investment needed to reach EU 2030 energy and climate targets is around $385 billion annually, with approximately $295 billion for residential and $90 billion for public buildings. Hence, such factors are expected to provide lucrative growth opportunities in the artificial marbles market.
The market is segmented on the basis of product type, application, end user and region. On the basis of product type, the market is divided into polyester artificial marble, cement artificial marble, composite artificial marble, and sintered artificial marble. On the basis of application, the market is divided into new construction and renovation & reconstructing. On the basis of end user, the market is divided into residential and non- residential. Region-wise, the market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, Spain, Russia, Poland, Netherland, Sweden and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Thailand, Indonesia, Vietnam and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, UAE, South Africa, Nigeria and Rest of LAMEA).
Competition Analysis
The key players that operating in the artificial marble market are Aristech Surfaces LLC, Classic Marble & Stone, Cupa Group, DuPont, Guangdong Legend Stone Co. Ltd, Hari Stones Ltd, Hfrtub Co. Ltd., Hyundai L & C Europe GMBH, Kalinga Stone, Lotte Chemical, LX HAUSYS, MARMIL S.A, Owell, Southland Stone, WANFENG, XISHI GROUP LTD and Yunfu City Liji Stone Co., Ltd.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the artificial marble market analysis from 2021 to 2031 to identify the prevailing artificial marble market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the artificial marble market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global artificial marble market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product type
Polyester Artificial Marble
Cement Artificial Marble,
Composite Artificial Marble
Construction type
New Construction
Renovation
Sintered Artificial Marble
By Application
Walls
Countertops
Others
Flooring
By End User
Residential
Non-Residential
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Italy
Spain
Russia
Poland
Netherlands
Sweden
Rest of Europe
Germany
France
Asia-Pacific
China
India
Japan
South Korea
Australia
Thailand
Indonesia
Vietnam
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
Saudi Arabia
UAE
South Africa
Nigeria
Rest of LAMEA
Key Market Players
Aristech Surfaces LLC
Classic Marble & Stone
Cupa Group
DuPont
Guangdong Legend Stone Co., Ltd
Hari Stones Ltd
Hfrtub Co. Ltd.
Hyundai L & C Europe GMBH
Kalinga Stone
Lotte Chemical
LX HAUSYS
MARMIL S.A
Owell
Southland Stone
WANFENG
XISHI GROUP LTD
Yunfu City Liji Stone Co., Ltd. Engineering
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