Artificial Marble Market Value to maximize by 2026
Artificial Marble Market Outlook 2019-2026:
Artificial marble can be defined as a blend of
fillers such as silica and calcium carbonate; synthetic resins such as acrylate
and polyester, gel coat and pigments. Calcium carbonate, fine grained sand and
marble powder are the key raw materials utilized in production of artificial
marble. The marble possesses high abrasion resistance and minimum water
absorption capabilities. It also offers resistance to stains and cleaning
chemicals. Artificial marble is utilized in both non-residential and
residential sectors as these marbles are available in various shapes &
sizes and can be customized according to different requirements.
The elegant and luxurious appearance of these
marbles at low cost attracts consumers towards them and thus these marbles are
widely utilized in roofing, flooring, and wall products. Composite and sintered
type of artificial marbles gain attention as they offer beneficial properties
such as durability.
The report segments the artificial
marble market on the basis of product, application, and geography. Based on
product, it is divided into acrylic artificial marble, polyester artificial
marble, composite artificial marble, and sintered artificial marble. On the
basis of application, the market is classified into flooring, countertops,
kitchen top, wall panels, staircase, tub & shower stalls, window sills and
others. Geographical breakdown of the market includes North America, Europe,
Asia-Pacific, and LAMEA.
Growth in construction industry and increase
in number of residential complexes are major factors which drive the growth of
the artificial marble market. Low cost of artificial marbles as compared to
natural marbles and rise in demand of these marbles in commercial buildings
such as churches & hotels to maintain luxurious look are other factors,
which supplement the market growth. Asia-Pacific is expected to register
substantial growth owing to growth in residential construction, increase in
disposable income, and rise in urbanization in emerging economies such as China
and India. The demand is also anticipated to rise in the U.S. due to real
estate sector expansion in the country. Artificial marble is vulnerable to
stains and prone to stress cracking if produced without gel coats. Therefore,
production of artificial marble without utilization of gel coats may hinder the
market growth. However, increase in focus & investment in R&D
activities to enhance the product quality by utilizing substitute raw materials
may open new opportunities for artificial marble manufacturers.
Download Sample Copy of this Report at: https://www.alliedmarketresearch.com/request-toc-and-sample/2626
Comprehensive competitive analysis and
profiles of major market players such as Aristech Surfaces LLC, E. I. du Pont
de Nemours and Company, Hanex Solid Surfaces, Krystal Stone Exports Ltd.,
Kuraray Co., Ltd, Leigei Stone Co Ltd., LG Hausys Ltd., Marmil SA, OWELL, and
Lotte Advanced Materials is also provided in the report.
Key Benefits
- This report provides a quantitative analysis of the
current trends and estimations from 2017 to 2023 of the global artificial
marble market to identify the prevailing market opportunities.
- Major countries in each region are mapped according to
individual market revenue.
- Comprehensive analysis of factors that drive and
restrict the market growth is provided.
- An in-depth analysis of current research & clinical
developments within the market is provided with key dynamic factors.
- Key players and their key developments in the recent
years are listed.
Source Medium: https://medium.com/@evanacook727/artificial-marble-market-a-market-worth-monitoring-6cb8950880ad?postPublishedType=initial
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