A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Marble
Market.
The study, titled “Marble
Market - Global Industry Analysis, Size, Share, Growth, Trends, and
Forecast 2017 - 2025”,
is available for sale on the firm’s website.
Marble
is a natural mineral primarily composed of carbonates such as calcite
and dolomite. It is a metamorphic rock, which is usually white in
color. However, rarely, marble can have pigmentation anywhere between
yellow and red color due to the presence of impurities such as iron
oxide, bitumen, and clay minerals. Marble is often used for
decorative purposes due its bright white color and lustrous finish.
The stone has been used for centuries to create landmark buildings
such as the Taj Mahal, Parthenon, and U.S. Supreme Court Building,
along with several renowned cathedrals, churches, and tombs across
the world. The stone is usually obtained by open pit mining and
quarrying in various marble deposits across the globe. Marble has low
susceptibility to water damage, but may deteriorate in acidic
atmosphere.
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Demand
for marble is rising in the construction industry due to its
esthetics such as beauty and sculpture. Rapid growth in the
construction industry in several developing regions across the world
is likely to propel the demand for marble in the near future. 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.
This is anticipated to fuel the demand for marble in the near future.
Use of marble is not limited to construction and architectural
applications. Marble is also used in ground form as calcium
supplement to farm animals; soft abrasive material for grinding
application; manufacture of antacid and acid-neutralizer; and also as
soil enhancer. These applications are projected to propel the demand
for marble during the forecast period.
Based
on application, the global marble market can be segmented into
construction, architecture, agriculture, pharmaceutical, and others.
Construction is the major consumer of marble; the stone is used in
applications such as laying pavements, stairs, kitchen platforms,
flooring, sculpture, and external walls. Furthermore, ground form is
added to the concrete mixture as filler agent. The others segment
consists of applications wherein marble powder is used such as paints
and coatings. Marble powder is also used in some plastics and rubbers
to increase density and weight of the final product. Based on form,
the marble market can be segregated into slabs and powders. Marble
slab is the widely used form. These slabs are then shaped and molded
into tiles and blocks for suitable applications. On the other hand,
powder is directly employed in applications such as pharmaceuticals,
agriculture, and abrasives. In terms of color, the marble market can
be segmented into white and others (yellow, pink, and gray). White
marble is the purest form and is also the most widely used marble in
the world. Based on type, the marble market can be segmented into
natural and synthetic. Natural marble is obtained from quarries and
open pit mines; however, synthetic marble is cultured stone made by
mixing stone particles and resins together.
In
terms of geography, the marble market can be segregated into Asia
Pacific, Europe, North America, Latin America, and Middle East &
Africa. Europe is one of the key producers of pure marble in the
world. Countries such as Italy, Spain, and Greece are among the major
producers of natural marble in Europe. Jordan is among the prominent
producers in Middle East & Africa. Based on consumption, North
America and Europe are the prime markets globally. In terms of
consumption, the market in Asia Pacific is also anticipated to expand
during the forecast period.
Prominent
players operating in the global marble market are Jiangxi Rare Earth
Corp., Molycorp Inc., EUROPEAN MARBLE COMPANY INC., HELLENIC GRANITE
Co, Fox Marble, European Marble Centre, Santucci Group S.r.l., The
Marble Factory Ltd., Milestone Marble & Granite LTD., Marble
Trend, and Hilltop Granites.
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to view Sample Report:
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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