Natural Marble Market

The global Natural Marble market was valued at USD 54.23 Billion in 2020 and is projected to reach USD 64.31 Billion by 2028, growing at a CAGR of 3.6% from 2021 to 2028.

Marble is a metamorphic stone composed mostly of calcite. It is a form of limestone which has changed over the years owing to tremendous pressure and heat

The global Natural Marble market is segmented based on products, applications, regions, and countries. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments have been analyzed based on present and future trends. The research study provides complete assessment of the market on the basis of competition, drivers, restraints, opportunities, trends, and industry-authenticated data. The market is estimated from 2016 to 2020 with forecast from 2021 to 2028. 

COVID-19 pandemic led to government of numerous countries across the globe to impose strict lockdown restrictions during the preliminary stages. In 2021, numerous countries faced the adverse effects of the pandemic due to the outbreak of second wave, which also led governments to again impose lockdown measures. Business shutdowns, partial business operations, and travel restrictions have led to challenges in supply chain and in turn production. However, it is expected that reopening of trade activities, the market will witness steady growth in the demand in the coming years. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

The increasing demand from construction industry is anticipated to augment the growth of the natural marble market over the forecast period. 

The increasing urbanization owing to the rise in population along with rising demand from emerging economies is further expected to fuel the growth of the market in the years to come. 

The availability of cost-effective substitutes, damage occurring due to acid reaction and health hazard related to marble dust is expected to hamper the growth of the natural marble market over the forecast period.

Based on region, the global Natural Marble market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region led the market with the largest share in 2020. Some of the key countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea.

The market comprises of numerous small, medium, and large sized players spread across various geographies. Some of the main competitors in the global Natural Marble market are Asian Granito India Limited, Xiamen Boshi Stone Co. Ltd, Arizona Tile, Persian Tile, OAO MKK-Sayanmramor, Jinbo Construction Group, Xishi Group, Amso International, Duracite Inc, Xiamen Wanlistone stock, Global Marble Manufacturing Co. LLC., Hilltop Granites, BC Stone, Fujian Dongsheng Stone. The report covers company market share analysis which gives a comprehensive overview of the main competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

• Global Natural Marble Market is projected to reach USD 64.31 Billion by 2028
• North America held the highest share of the Natural Marble market
• Sandstone held the largest share of the product segment in the Natural Marble market
• Commercial held the major share of the application segment in the Natural Marble market