Artificial Marble Market Report Overview
Maximize Market Research published reports that help clients understand the Artificial Marble market structure in-depth. The report which is a combination of primary and secondary research gives thorough details about the Artificial Marble market, trade statistics, leading players, and various market metrics.
Artificial Marble Market was valued at USD 9.43 Bn in 2023 and is expected to reach at USD 18.03 Bn by 2030 at a CAGR of 9.7 % over forecast period 2024-2030.
Artificial Marble Market Report Scope and Research Methodology
The report provides business statistics and analytical insights to help you understand the Artificial Marble market size, market share, growth, trends, demand, top players, industry profile, opportunities, value chain, end-users, types, and applications in plain language. The bottom-up approach was used to estimate the global and regional Artificial Marble market size. Both primary and secondary research methodologies were used to clearly present the Artificial Marble market structure.
In the secondary research method, data was collected from a selected set of sources. This method was used to gather information on Artificial Marble key players and current and past trends in the industry. The information gathered through secondary research was validated using the primary research method, in which Artificial Marble industry experts were interviewed.
The report also includes growth opportunities in micro and macro markets for stakeholders to invest in, with a detailed analysis of the competitive landscape and significant Artificial Marble competitors' product offerings. SWOT analysis was used to identify the strengths and weaknesses of the Artificial Marble market.
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Artificial Marble Market Regional Analysis
The report has been segmented into many key countries. This section provides a detailed analysis of the Artificial Marble market in all the regions with their key countries including market size, CAGR, and import and export. The regions and their countries studied are:
- North America- U.S., Canada, Mexico
- Europe- UK, Germany, France, Spain, Rest of Europe
- Asia Pacific- China, India, Japan, Australia, South Korea, Asian Countries, Rest of APAC
- South America- Brazil
- Middle East and Africa.
Artificial Marble Market Segmentation
by Type
Polyester artificial marble
cement artificial marble
composite artificial marble
sintered artificial marble
sintered type held 39.67% of market share in 2023 and is expected to keep its dominance over forecast period. Sintered type of artificial marble is utilized in both non-residential and residential sectors as these marbles are available in various shapes sizes and can be customized according to different requirements. The elegant and luxurious appearance of these marbles at low cost attracts consumers towards them and thus these marbles are widely utilized in roofing, flooring, and wall products.
by Application
Flooring
Countertops
Vanity tops
Bathtubs
Wall panels
Shower stalls
Others
flooring held 41.65% of market share in 2023 and is expected to keep its dominance over forecast period. Flooring application segment is the major consumer of marble; the artificial marble in flooring is used for various flooring as laying pavements, stairs, kitchen platforms, flooring, sculpture, and external walls. Artificial Marble not only serves the decorative purpose, but is also functionally used as filler for concrete aggregate, stairs, pavements, floor coverings, and external walls in the construction industry. Marble is often associated with luxury and extravagance; hence, it is employed for decoration purposes in various lavish buildings and monuments such as hotels, theatres, temples, churches, memorial buildings, and tombs.
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Artificial Marble Market Key Players
1. Aristech Surfaces LLC
2. Hyundai L C Europe GMBH
3. Kuraray Co., Ltd
4. LG Hausys Ltd.
5. Marmil SA
6. Lotte Chemical
7. Guangdong Chuanqi Compound Stone Co., Ltd
8. GuangTaiXiang Stone Co. Ltd
9. Fujian Pengxiang Industrial Co., LTD.
10. Wanfeng Compound Stone Technology Co., Ltd.
11. Yunfu Liji Stone Co., Ltd
12. Bitto Industry (Dongguan) Co., Ltd.
13. Jordan Marble and Granite
14. Brown stone korea
15. Cxun Holding Group Co., Ltd.
16. XiShi Group
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Key Questions answered in the Artificial Marble Market Report are:
- What is Artificial Marble?
- What will be the CAGR of the Artificial Marble market during the forecast period?
- Which segment of the Artificial Marble market held the largest share of the global market in 2022?
- What trends are expected to generate additional revenue for the Artificial Marble market?
- What are the opportunities for the Artificial Marble Market?
- What factors are driving the Artificial Marble market growth?
- Which company held the largest share in the Artificial Marble market?
Key Offerings:
- A detailed Market Overview
- Market Share, Size, and Forecast by Revenue|2023-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their segments
- Competitive Landscape - Leading key players and other prominent key players.
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