A recent report published by Infinium Global Research on marble market provides an in-depth analysis of segments and sub-segments in the global as well as regional marble market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional marble market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global marble market. According to the report, the global marble market is projected to grow at a CAGR of 3.5% over the forecast period of 2019-2025.
Marble is introduced into the construction industry in the 19th century from that time marble has become an important part of the construction sector. It is a metamorphic rock composed of recrystallized carbonate minerals, most commonly calcite or dolomite. Pure white marble is the result of metamorphism of a very pure limestone or dolomite protolith. Different colored marble varieties generate usually due to several mineral impurities such as clay, silt, sand, iron oxides, or chert which were originally present as grains or layers in the limestone.
Rapidly expanding construction sector augmenting the growth of the market. In the construction sector marble mostly serves the decorative purpose, but is also functionally used as filler for concrete aggregate, stairs, pavements, floor coverings, and external walls. The furthermore growing demand for marble as calcium and lime source for calcium feed supplement and agriculture sector respectively is likely to boost the marble market in the near future. On the other hand, the high cost associated with the marble products can hinder the market growth. However, the growing demand for marble as a food supplement will boost market growth in the near future.
Based on the region, the marble market is segmented by North America, Europe, Asia-Pacific, and RoW. The market in Europe is expected to dominate the market in the forecast period. Europe is one of the major producers of pure marble in the world. Countries such as Italy, Spain, and Greece are the major producers of natural marble in Europe. The market in the Asia-Pacific is also anticipated to expand during the forecast period. Growing industrialization and construction industry contributing to the growth of this region. Considering the rest of the word Jordan is among the prominent producers in the Middle East & Africa. Based on consumption, North America and Europe are the prime markets globally.
The report on global marble market covers segments such as application. On the basis of application, the sub-markets include construction, architecture, agriculture, pharmaceutical, and others.
The report provides profiles of the companies in the market such as Jiangxi Rare Earth Corp., Molycorp Inc., EUROPEAN MARBLE COMPANY INC., HELLENIC GRANITE Co, Fox Marble, European Marble Centre, Santucci Group S.r.l., The Marble Factory Ltd., Milestone Marble & Granite LTD., Marble Trend, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of marble market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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