The global artificial marble market size was US$ 2.8 billion in 2021. The global artificial marble market size is estimated to reach US$ 4.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.7% during the forecast period from 2022 to 2030.
Artificial marble is different from natural marble in terms of geological features and activities. It is a man-made stone, made up of small marble rubble, stone powder, quartz, sand, plastic, acrylic glue, cement, and composites. They are of different types which include composite, polyester, cement, and sintered artificial marble. Artificial marble is used in residential and non-residential areas. Its applications include walls, floors, furniture, countertops, and more.
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Factors Affecting Marketing Growth
The rise in the use of artificial marble in different palliations such as flooring, walls, countertops, furniture, and others drives the growth of the global market.
Artificial marble is used in newly constructed buildings, apartments, commercial complexes, and others for flooring purposes. The increase in new construction activities is one of the key factors that drive the growth of the global market.
A change toward visually pleasing interior designs has occurred as a result of the increase in personal disposable income, which is expected to drive the growth of the global market.
Impact on COVID-19 Analysis
The COVID-19 outbreak halted the production of many products in the global artificial marble market, due to lockdowns. Also, the number of pandemic cases is expected to reduce in the future with the introduction of the vaccine for COVID-19 in the global market. This has led to the reopening of artificial marble companies at their full-scale capacities. After COVID-19 infection cases begin to decline, equipment & machinery producers must focus on protecting their staff. Thus, COVID-19 had a negative impact on the growth of the global market.
Regional Analysis
Asia-Pacific recorded the highest revenue in 2021 and is expected to register the highest CAGR in the global artificial marble market forecast period. Due to the increase in infrastructure activity and growth in construction activities due to rapid urbanization & industrialization in the region.
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Leading Competitors
The prominent players in the global artificial marble market are:
XISHI GROUP LTD
Yunfu City Liji Stone Co.
Lotte Chemical
Kalinga Stone
Hari Stones Ltd
Southland Stone
DuPont
Cupa Group
Classic Marble & Stone
Aristech Surfaces LLC
Others
Segmentation Analysis
The global artificial marble market segmentation focuses on Product Type, Application, End User, and Region.
Segmentation on the basis of Product Type
Construction type
New Construction
Renovation
Polyester Artificial Marble
Cement Artificial Marble
Composite Artificial Marble
Sintered Artificial Marble
Segmentation on the basis of Application
Flooring
Walls
Countertops
Others
Segmentation on the basis of End User
Non-Residential
Residential
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Segmentation on the basis of Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Artificial Marble market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Artificial Marble market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Artificial Marble market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Artificial Marble business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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