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 October 2018, the largest producer of natural stone in North America, Polycor Inc., announced the completion of its merger with Indiana Limestone Company, a leading dimensional limestone quarrier and building products producer headquartered in Bloomington, Indiana.

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