The global marblemarket size was valued at USD 71.73 billion in 2023 and is expected to be worth USD 69.52 billion in 2024. The market is projected to reach USD 93.53 billion by 2032, recording a CAGR of 3.8% during the forecast period.
Marble is a metamorphic rock composed ofrecrystallized carbonate materials, primarily calcite or dolomite. It reforms
through the transformation of limestone under high pressure and temperature. Its
beauty and durability have resulted in its multiple applications. It is widely
adopted in architecture and sculpture, adorning buildings, monuments, and
artworks.
FortuneBusiness Insights™ displays this information in a report titled, “Marble Market,
2024-2032."
Segmentation:
White Color Captured Largest MarketShare Due to its Widespread Adoption in Building and Construction Projects
Based oncolor, the market is classified into white, black, yellow, red, and others. The
white color segment captured the largest marble market share in 2023 and is projected
to grow significantly in the coming future. This growth is influenced by its
widespread adoption in building and construction projects in flooring, walls,
and countertops, driven by its durability and aesthetic appeal.
Building & Construction DominatedMarket Due to Durability and Aesthetic Appeal of Marble
Basedon application, the market is segmented into building & construction,
statues & monuments, furniture, and others. The building & construction segment accounted for the largestshare of the market in 2023. This growth can be attributed to its properties,
such as durability, aesthetic appeal, and versatility as a building material.
Withrespect to region, the market covers North America, Latin America, Europe, the
Asia Pacific, and the Middle East & Africa.
Report Coverage:
The reporthas conducted a detailed study of the market and highlighted several critical
areas, such as leading applications, colors, and key market players. It has
also focused on the latest market trends and key industry developments. Apart
from the aforementioned factors, the report has given information on many other
factors that have helped the market grow.
Drivers and Restraints:
Increasing Need for Sustainable Construction to Fuel MarketExpansion
Marble, being a renewable resource, can be extractedwith reduced carbon emissions when sourced properly. Its longevity is also a
contributing factor supporting sustainable construction. Buildings and
structures made from this material necessitate less maintenance and tend to
have extended lifespans in comparison to those constructed with less durable
materials. This durability property also minimizes the requirement for frequent
replacements and lowers wastage, appealing to sustainable construction. These
factors contribute to the overall marble market growth.
However, market growth is restricted by theconstraining factor of the availability and affordability of high-quality raw
materials.
