Report Ocean recently announced the publication of its new report on the global Artificial Marble market. The research assesses key elements that will have a significant impact on the market throughout the anticipated time frame from both the supply and demand sides, including market drivers, restraints, opportunities, and future trends.
The worldwide Artificial Marble market study concentrates on market share and competitiveness index, which aids in assessing the contributions made by the leading player to the sector. Each company is regularly assessed using a variety of criteria, including financial insights, regional engagement, market efficiency, crucial data, product range, and segment contribution.
The global artificial marble market size was US$ 2.8 billion in 2021. The global artificial marble market size is estimated to reach US$ 4.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.7% during the forecast period from 2022 to 2030.
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Artificial marble is different from natural marble in terms of geological features and activities. It is a man-made stone, made up of small marble rubble, stone powder, quartz, sand, plastic, acrylic glue, cement, and composites. They are of different types which include composite, polyester, cement, and sintered artificial marble. Artificial marble is used in residential and non-residential areas. Its applications include walls, floors, furniture, countertops, and more.
Factors Affecting Marketing Growth
The rise in the use of artificial marble in different palliations such as flooring, walls, countertops, furniture, and others drives the growth of the global market.
Artificial marble is used in newly constructed buildings, apartments, commercial complexes, and others for flooring purposes. The increase in new construction activities is one of the key factors that drive the growth of the global market.
A change toward visually pleasing interior designs has occurred as a result of the increase in personal disposable income, which is expected to drive the growth of the global market.
Impact on COVID-19 Analysis
The COVID-19 outbreak halted the production of many products in the global artificial marble market, due to lockdowns. Also, the number of pandemic cases is expected to reduce in the future with the introduction of the vaccine for COVID-19 in the global market. This has led to the reopening of artificial marble companies at their full-scale capacities. After COVID-19 infection cases begin to decline, equipment & machinery producers must focus on protecting their staff. Thus, COVID-19 had a negative impact on the growth of the global market.
Regional Analysis
Asia-Pacific recorded the highest revenue in 2021 and is expected to register the highest CAGR in the global artificial marble market forecast period. Due to the increase in infrastructure activity and growth in construction activities due to rapid urbanization & industrialization in the region.
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Leading Competitors
The prominent players in the global artificial marble market are:
XISHI GROUP LTD
Yunfu City Liji Stone Co.
Lotte Chemical
Kalinga Stone
Hari Stones Ltd
Southland Stone
DuPont
Cupa Group
Classic Marble & Stone
Aristech Surfaces LLC
Others
Segmentation Analysis
The global artificial marble market segmentation focuses on Product Type, Application, End User, and Region.
Segmentation on the basis of Product Type
Construction type
New Construction
Renovation
Polyester Artificial Marble
Cement Artificial Marble
Composite Artificial Marble
Sintered Artificial Marble
Segmentation on the basis of Application
Flooring
Walls
Countertops
Others
Segmentation on the basis of End User
Non-Residential
Residential
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Segmentation on the basis of Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Key questions answered in the global market report are:
— How does a global company acquire markets?
— What are its core strategies and policies?
— What factors will influence the market over the forecast period?
— What are the factors driving and restraining the market?
— What are the leading competitors in the global market?
— Which region is growing at a higher pace in the global market?
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Full Report Description, TOC, Table of Figure, Chart, etc.-https://reportocean.com/industry-verticals/sample-request?report_id=bwcc17073
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