Amit K
South Korea Marble Market Set to Register healthy CAGR During 2021-2025
Overview Of Marble Industry 2021-2025:
This has brought along several changes in This report also covers the impact of COVID-19 on the global market.
The Marble Market Report a detailed study of different aspects of the Global Market. 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. 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.
It shows the steady growth in market in spite of the fluctuations and changing market trends. The report is based on certain important parameters.
The Top key vendors in Marble Market include are:- 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
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This research report categorizes the global Marble market by top players/brands, region, type and end user. This report also studies the global Marble market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
Major Product Types covered are:
White Marble
Black Marble
Yellow Marble
Red Marble
Green Marble and others
Major Applications of Marble covered are:
Construction and Decoration
Statuary and Monuments
Furniture
Others
Region wise performance of the Marble industry
This report studies the global Marble market status and forecast, categorizes the global Cable Conduits market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).
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The study objectives of this report are:
- Focuses on the key global Marble companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
- To project the value and sales volume of Marble submarkets, with respect to key regions.
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To study and analyze the global Marble market size (value & volume) by company, key regions, products and end user, breakdown data from Last Five Years, and forecast to 2025.
- To understand the structure of Marble market by identifying its various sub segments.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Scope of the Report:-
The report scope combines a detailed research of Global Marble Market 2021 with the apprehension given in the advancement of the industry in certain regions.
The Top Companies Report is designed to contribute our buyers with a snapshot of the industry’s most influential players. Besides, information on the performance of different companies, profit, gross margin, strategic initiative and more are presented through various resources such as tables, charts, and info graphic.
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