Artificial Marble Market Report Overview:
The primary goal of MMR’s “Artificial Marble market” report is to assist clients in making informed business decisions. This involves identifying areas that require improvement, recognizing well-performing segments, and guiding new entrants in navigating and establishing their presence within the competitive landscape. The report also sheds light on the existing challenges within the Artificial Marble market.
Anticipated Growth in Revenue:
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.
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Artificial Marble Market Scope and Research Methodology
The report offers a comprehensive analysis of global Artificial Marble market trends, forecasts, and financial aspects. It presents an in-depth examination of segments and sub-segments within both global and regional Artificial Marble markets. Utilizing a bottom-up approach, the report delves into estimations of market size. The Artificial Marble Market report encompasses essential information about key market participants and emerging players, including their services, revenue, financial standing, portfolios, growth strategies, and regional presence. Future market size and growth rate predictions, alongside current and prospective trends in the Artificial Marble market, are also provided.
The report delves into demand projections, market trends, and micro and macro factors in detail. It identifies drivers and constraints impacting the growth of the Artificial Marble market. Employing both qualitative and quantitative methods, the research employs tools such as SWOT, PESTLE, and Porter’s Five Forces for the analysis of the Artificial Marble market. The analysis identifies key upcoming developments projected to shape demand within the Artificial Marble market over the forecast period.
Artificial Marble Market Regional Revelations:
Geographically, Artificial Marble market report is segmented into several key regions are as follows,
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (the United States, Mexico, and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC Countries and Egypt.)
Artificial Marble Market Segmentation:
by Type
Polyester artificial marble
cement artificial marble
composite artificial marble
sintered artificial marble
Sintered type accounted for 39.67% of the market in 2023 and is anticipated to continue to dominate over the forecast period. Because sinted artificial marbles can be modified to meet specific needs, they are used in both residential and non-residential settings. They come in a variety of sizes and shapes. Because these marbles are inexpensive and have an attractive, opulent appearance, many people choose to use them in wall, flooring, and roofing goods.
by Application
Flooring
Countertops
Vanity tops
Bathtubs
Wall panels
Shower stalls
Others
Flooring accounted for 41.65% of the market by application in 2023, and this share is predicted to remain dominant throughout the forecast period. The primary market for marble is the flooring application sector; artificial marble is used for a variety of flooring applications, including exterior walls, stairways, kitchen platforms, flooring, and sculpture. In the building business, artificial marble is employed not only for aesthetic purposes but also as a functional filler for external walls, staircases, pavements, floor coverings, and concrete aggregate. Marble is used as ornamentation in many opulent structures and monuments, including hotels, theaters, temples, cathedrals, memorial buildings, and tombs since it is frequently connected to extravagance and wealth.
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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 are:
- What was the Artificial Marble market size in 2024?
- What is the growth rate of the Artificial Marble Market?
- Which are the factors expected to drive the Artificial Marble market growth?
- What are the different segments of the Artificial Marble Market?
- What are the factors restraining the growth of the Artificial Marble Market?
- What segments are covered in the Artificial Marble Market?
- Who are the key players in the Global Artificial Marble market?
- What are the upcoming industry applications and trends for the Artificial Marble Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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