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
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.