Artificial Marble Market 2022 In-Depth Analysis, Latest Trends, Opportunities and Production Techniques 2030
Research Reports
Dec 14, 2022
Artificial Marble Market Is Projected To Be Worth USD 27.2 Billion By 2030, Registering A CAGR Of 11.20% During The Forecast Period (2022 – 2030)
The market will rise as artificial marble is used more frequently. According to the study report, global urbanisation will boost market expansion through 2030. The growth of the global artificial marble market will be negatively impacted by the high cost of the product during this time. The widening gap between supply and demand will probably become dangerous.
Expert analysts’ report on the artificial marble market, which includes both primary and secondary data, predicts that the type, application, and geographic segments will experience rapid growth through 2030. The expanding construction industry is said to be supporting the market globally, and factors like untapped consumer opportunities will also be important growth factors during the forecast period. However, the growth anticipated for the forecast period could be impacted by worries about high costs, which could have a negative impact on activities taking place across the market. Demographics’ rising disposable income is another issue the market may encounter through 2030.
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Regional Analysis :
The artificial marble market, in all of its varieties, is widespread around the globe. The market research report also covers regional markets based on construction engineering. Asia-Pacific, Europe, North America, the Middle East and Africa, and the rest of the world are the regional markets. During the projected period, consumers seeking greater convenience are expected to be a significant growth actor across the building engineering market. The United States, Mexico, Canada, and other countries are grouped together as the regional markets in North America. Italy, Germany, France, and the United Kingdom make up the regional markets in Europe that are based on the construction engineering sector. China, India, Japan, and other countries are divided up into market segments in the Asia Pacific region.
Due to their high strength and durability, construction engineering-based businesses are expected to expand in these regional markets from 2021 to 2030. Although the expansion of factories producing artificial marble may have an impact on market growth. The Middle East, Africa, and the rest of the world’s markets have also been divided into segments by the analysts.
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Market Segmentation :
Based on type, application, and geographic regions, the artificial marble market has been divided into many market categories. The type, application, and region categories are further divided into smaller groups to allow for a thorough analysis of the market. Cement artificial marble, composite artificial marble, sintered artificial marble, and polyester artificial marble are the several types of artificial marble. The global market is further divided into bathtubs, countertops, flooring, shower stalls, vanity tops, wall panels, and other items based on applications. The report includes market forecasts based on the market segmentation analysis.
Key Players :
Lotte Advanced Materials Co., Ltd (South Korea), DuPont de Nemours, Inc. (US), Marmil S.A. (Greece), LG Hausys (South Korea), Guangdong Chuanqi Compound Stone Co.,Ltd (China), Jordan Marble and Granite (US), Nanan Guang Tai Xiang Stone Co., Ltd (China), Wanfeng Compound Stone Technology Co., Ltd. (China), Pengxiang (China), Shanghai Meyate Group (China), Yunfu Liji Stone Co., Ltd (China), Samsung Stone Industry Co., Ltd. (China), and Bitto Industry (Dongguan) Co., Ltd. (China) are the major players in the artificial marble market.
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