Marble is a metamorphic rock which has a bright white colour and lustrous finish. It is used widely used for decorative purpose. It is obtained by open pit mining and quarrying in various marble deposits across the world. The global marble market is expected to have a significant growth driven by the extensive use of marble in the construction industry due to its aesthetic value. Marble in ground form also has several applications. It is used as a soil enhancer, as a calcium supplement in animal feed, as a soft abrasive material for grinding applications and in the manufacture of antacid and acid neutralizer. But the high cost of marble is expected to limit the demand for marble.
By application, the construction segment is expected to have a significant market share due to its several uses such as laying pavement, stairs, kitchen platform, flooring, sculpture and external walls. In ground form, it is added to the concrete mixture as a filler agent. By form, the slab segment is estimated to have a considerable market share. The slabs can be shaped and molded as per the requirement. Based on colour, the white marble is expected to have a notable market share due to its wide use.
DRIVERS
Increasing demand from the construction industry
Various applications of ground form of marble
RESTRAINT
High cost of marble
INDUSTRY UPDATE
In April 2019, Fox Marble conditionally acquired Green Power Sh.p.kthe license holder of the Maleshevë quarry and Scope Sh.p.k., a company through which Fox Marble has entered into two hire purchase agreements.
SEGMENTATION
The global marble market has been analyzed through the following segments:
By colour
White marble
Black marble
Yellow marble
Red marble
Others
By form
Blocks
Tiles
Slabs
Others
By application
Construction
Architecture
Agriculture
Pharmaceutical
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others