Overview, Global Artificial Marble Market is expected to reach a market size of USD 11,183.8 Million by 2025 and expand at 9.48% CAGR during the forecast period. , Artificial marble is manufactured using raw materials such as silica, fluorspar, and waste materials such as limestone, clay, magnesite, and phosphate. There are mainly four types of artificial marbles, namely, resin-based artificial stone, cement-based artificial stone, compound artificial stone, and sintered artificial stone. Artificial marble adds aesthetic appeal to a structure and is used in various applications, including flooring, countertops, vanity tops, and bathtubs., The increasing infrastructure development, especially in developing nations, leads to various reforms and regulations in real estate and infrastructure. Such reforms are expected to augment the growth of the construction sector, driving the growth of the global artificial marbles market. Various benefits of using artificial marble are cost-effectiveness, low maintenance, low water absorption rate, and environmental benefits. The need for profitability is expected to add to the growth of the global artificial marble market. Hence, the impact of the growing demand for artificial marble on the global artificial marbles market is expected to shift from moderate to high over the forecast period. , The unique appearance of natural marble acts as a challenge for the market growth during the forecast period. The demand for artificial marble had been growing owing to an increase in international trade and high exports and exports across the globe. Natural marble is used as an alternative for artificial marble. Therefore, due to the various properties of natural stone, property owners, who prioritize authenticity, prefer its use over artificial stone, acting as a major challenge or restraint for the artificial marbles market., Segmentation, The Global Artificial Marble is segmented based on type and application. Based on type, the global artificial marble market is segmented into polyester artificial marble, cement artificial marble, composite artificial marble,

Overview

Global Artificial Marble Market is expected to reach a market size of USD 11,183.8 Million by 2025 and expand at 9.48% CAGR during the forecast period.

Artificial marble is manufactured using raw materials such as silica, fluorspar, and waste materials such as limestone, clay, magnesite, and phosphate. There are mainly four types of artificial marbles, namely, resin-based artificial stone, cement-based artificial stone, compound artificial stone, and sintered artificial stone. Artificial marble adds aesthetic appeal to a structure and is used in various applications, including flooring, countertops, vanity tops, and bathtubs.

The increasing infrastructure development, especially in developing nations, leads to various reforms and regulations in real estate and infrastructure. Such reforms are expected to augment the growth of the construction sector, driving the growth of the global artificial marbles market. Various benefits of using artificial marble are cost-effectiveness, low maintenance, low water absorption rate, and environmental benefits. The need for profitability is expected to add to the growth of the global artificial marble market. Hence, the impact of the growing demand for artificial marble on the global artificial marbles market is expected to shift from moderate to high over the forecast period.

The unique appearance of natural marble acts as a challenge for the market growth during the forecast period. The demand for artificial marble had been growing owing to an increase in international trade and high exports and exports across the globe. Natural marble is used as an alternative for artificial marble. Therefore, due to the various properties of natural stone, property owners, who prioritize authenticity, prefer its use over artificial stone, acting as a major challenge or restraint for the artificial marbles market.

Segmentation

The Global Artificial Marble is segmented based on type and application. Based on type, the global artificial marble market is segmented into polyester artificial marble, cement artificial marble, composite artificial marble, and sintered artificial marble. It can also be used in making handicraft items, including artificial marble mural paintings.

Based on application, the global artificial marble industries is segmented into flooring, countertops, vanity tops, bathtubs, wall panels, shower stalls, and others. The flooring segment is expected to dominate the market, owing to the constantly growing construction industry. Artificial marble is used in residential, commercial, and high traffic areas such as metro stations, shopping malls, and airports.

Regional Analysis

Region-specific analysis of the Synthetic marble market spans across North America, Europe, Asia-Pacific (APAC), and the rest of the world.

Global Artificial Marble Industry, by Region, 2018

Source: MRFR Analysis

Asia-Pacific is anticipated to lead the Cement artificial marble market during the study period, followed by Europe, owing to the rapid growth of the construction industry. Over the years, has been observed that the region is emerging as leader in infrastructure and construction industries, and the improvement in the financial conditions in this region has led to the growth of the artificial marbles market.



In 2018, China accounted for the largest market share along with polyester artificial marble segment and flooring segment contributing to its maximum account. The booming construction industry, along with the rising per capita disposable income drives the demand for artificial marble in the region.



Synopsis

The Global Artificial Marble Industry has been segmented based on Type, Application, and Region.

Based on type, the global artificial marble market is segmented into polyester artificial marble, cement artificial marble, composite artificial marble, and sintered artificial marble. The polyester artificial marble segment dominated the global market as it is available in different designs, colors, and textures and can also be converted into granite and jade slates.

Key Competitors

The Key Players operating in the Global Artificial Marble industry are DuPont de Nemours, Inc (US), Lotte Advanced Materials Co., Ltd (South Korea), LG Hausys (South Korea), Guangdong Chuanqi Compound Stone Co.,Ltd (China), Marmil S.A. (Greece), Nanan Guang Tai Xiang Stone Co., Ltd (China) , Pengxiang (China), Wanfeng Compound Stone Technology Co., Ltd. (China), Shanghai Meyate Group (China), Samsung Stone Industry Co., Ltd. (China), Yunfu Liji Stone Co., Ltd (China), Bitto Industry (Dongguan) Co., Ltd. (China), and Jordan Marble and Granite (US). Mergers, acquisitions, and collaborations are some of the strategies that these companies have adopted to stay ahead of the rest.



In July 2019, LG HAUSYS recently launched its HI-MACS Aurora Collection and HI-MACs Intense Ultra product range, which combines the characteristics of intense color technology and ultra-thermoforming. This development created opportunities for surface design, which also helps in expanding its customer base.



Market Segmentation



By Type – polyester artificial marble, cement artificial marble, composite artificial marble, and sintered artificial marble





By Application – flooring, countertops, vanity tops, bathtubs, wall panels, shower stalls, and others



Key Questions Addressed by the Report



What was the historic market size (2018)?



Which segmentation ( Product / /Application) is driving the market?



What will be the growth rate by 2025?



How are the key players in this market?



What are the strategies adopted by key players ?



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