In 2020 Artifical Marble Market size is expected to reach USD 11,453.5 million by the year of 2025 and continue to this progress the rate of 8.58% between 2020 and 2025.
The construction industry in general and artificial marble market has been recovering slowly despite of covid-19 impact. Construction sites are opening up and new orders are being placed. The effect of SARS-CoV-2 seems to be reducing as companies are receiving immense support by the government, in terms of financial aid and relaxation in policies.
Artificial marble is composed of basic elements such as silica, fluorspar, and waste materials like limestone, clay, magnetite and phosphate. These marbles looks attractive gives artistic sense to the structure they are used in flooring, countertops, vanity tops, and bathtubs.
The Key Competent operating in the Global Artificial Marble industry are DuPont de Nemours, Inc (US), Lotte Advanced Materials Co., Ltd (South Korea), LG Hausys (South Korea), Guangdong Chuanqi Compound Stone Co.,Ltd (China), Marmil S.A. (Greece), Nanan Guang Tai Xiang Stone Co., Ltd (China)
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
Segmentation of market classified into the types of artificial marble are cement artificial marble, polyester artificial marble, sintered artificial marble and composite artificial marble. On the basis of application Shower stalls, flooring, bathtubs, vanity tops, wall panels, countertops are some of the main application areas of artificial marble. By region North America, Asia Pacific, Europe, and the rest of the world are identified as the key markets for artificial marble. As increasing the financial status of Asia-Pacific the market of artificial marble has taken growth.
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