MARBLE MARKET – GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2022 – 2027)

Market Overview

The marble market is estimated to be valued at more than USD 18 billion in 2021, registering a CAGR of around 5% during the forecast period (2022-2027).

The COVID-19 pandemic had negatively impacted the marble market. However, the market has now been estimated to have reached pre-pandemic levels and is expected to grow steadily in the coming years.

• In the short term, the rapid growth in the construction industry is expected to drive the demand for marble across the world.
• However, the health hazard related to marble dust that causes abrasion and irritation to the skin is likely to hinder the market’s growth.
• The increasing use of marble slabs and powder is likely to provide opportunities for the marble market over the next five years.
• Asia-Pacific dominated the market worldwide, with the largest consumption from countries such as China and India.

Scope of the Report

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 market is segmented by color, application, and geography. By Color, the market is segmented into White, Black, Yellow, Red, and Other Colors. By Application, the market is segmented into Building and Decoration, Statues and Monuments, Furniture, and Other Applications. The report also covers the market size and forecasts for the marble market in 16 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).