 Global Marble Market Growth 2019-2024
      Global Marble Market Growth 2019-2024Marble is a metamorphic rock that forms when limestone is subjected to the heat and pressure of metamorphism. It is composed primarily of the mineral calcite (CaCO3) and usually contains other minerals such as: clay minerals, micas, quartz, pyrite, iron oxides and graphite. Under the conditions of metamorphism the calcite in the limestone recrystallizes to form a rock that is a mass of interlocking calcite crystals.
Marble is a metamorphic rock that forms when limestone is subjected to the heat and pressure of metamorphism. It is composed primarily of the mineral calcite (CaCO3) and usually contains other minerals such as: clay minerals, micas, quartz, pyrite, iron oxides and graphite.
The global marble market is worth over $50 Billion, according to our survey. The industry is highly fragmented in terms of products, end uses and suppliers, but its markets can broadly be categorized as construction and decoration, statuary and monuments, furniture and others. Until 2016, EU overall was the dominant producer and exporter of marble, but strong growth in emerging markets, especially in China, Pakistan and India, means that Asia is assuming dominance as a producing and exporting region. In 2016, the world production of marble reached 816 Million Sq.m. The world’s top ten natural marble producers include China, India, Iran, Turkey, Italy, Spain, Brazil, Egypt, Portugal and Greece.. Leading players in marble industry are Levantina, Polycor inc, Indiana Limestone Company, Vetter Stone, Topalidis S.A., Antolini, etc.
Marble is a highly-fragmented industry with a variety of manufacturers ranging from large multinational corporations to small privately owned companies. The top ten producers account for just c 3.76% of the market. Marble can be classified based on the color. Yellow marble is assumed to be the most prevalent kind of marble, considering the large stock of beige marble in Europe. The production of black marble, white marble and green marble are also considerable.
A key variable in the performance of marble producers is raw material costs, specifically the speed at which any increase can be passed through to customers. According to U.S. Geological Survey (USGS), stone resources of the world are sufficient to cater to foreseeable needs. Nevertheless, resources can be limited on a local level or occasionally on a regional level due to the lack of a particular type of stone. Marble resources are mainly located in Italy, China, Turkey, Philippines, France, Brazil, USA, India, Morocco, Austria, Russia, Japan, Portugal and Greece. Italy has abundant resources of high quality marble, positioning the nation as a key marble producer and exporter in the world. Turkey is located at the world’s richest natural stone Alps area. There are a mass of marble resources from Anatolia to the Thrace region. The materials of marble include marble blocks, to some companies, marble block can be satisfied with own production, while to others, marble blocks have to be purchased from other suppliers. The price of marble tile follow the marble block price, with a lag, and movements can inject volatility into producer margins. In general, most producers structure the majority of their contracts to include a ‘pass through’ clause that smooth the impact.
The largest consumption area of marble is Europe, which accounted for 29.05% of world marble consumption in 2016. The consumption of marble in USA, India and China are also considerable. The global marble production value will increase to 64 Billion USD in 2023, from 52 Billion USD in 2016. It is estimated that the global marble demand will develop with an average growth rate of around 3.01% in terms of revenue from 2106 to 2023.
According to this study, over the next five years the Marble market will register a 3.0% CAGR in terms of revenue, the global market size will reach US$ 62100 million by 2024, from US$ 52000 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Marble business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Marble market by product type, application, key manufacturers and key regions and countries.
This study considers the Marble value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
    White Marble
    Black Marble
    Yellow Marble
    Red Marble
    Green Marble and others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
    Construction and Decoration
    Statuary and Monuments
    Furniture
    Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
        Spain
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
    Levantina
    Polycor
    Indiana Limestone Company
    Vetter Stone
    Topalidis
    Antolini
    Temmer Marble
    Tekmar
    Pakistan Onyx Marble
    Dimpomar
    Mumal Marbles
    Can Simsekler Construction
    Mármoles Marín
    Aurangzeb Marble Industry
    Etgran
    Amso International
    Universal Marble & Granite
    Best Cheer Stone Group
    Fujian Fengshan Stone Group
    Xiamen Wanlistone Stock
    Kangli Stone Group
    Hongfa
    Xishi Group
    Jin Long Run Yu
    Xinpengfei Industry
    Jinbo Construction Group
    Fujian Dongsheng Stone
    Guanghui
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
    To study and analyze the global Marble consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
    To understand the structure of Marble market by identifying its various subsegments.
    Focuses on the key global Marble manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
    To analyze the Marble with respect to individual growth trends, future prospects, and their contribution to the total market.
    To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
    To project the consumption of Marble submarkets, with respect to key regions (along with their respective key countries).
    To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
    To strategically profile the key players and comprehensively analyze their growth strategies.
Summary: 
Get latest Market Research Reports on  Marble . Industry analysis & Market Report on  Marble  is a syndicated market report, published as Global Marble Market Growth 2019-2024. It is complete Research Study and Industry Analysis of  Marble  market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.