Mexico marble market is expected to have a significant market growth during the forecast period. Mexico imports marble especially finished marble, the rate of which is increased over the years. It also exports a significant amount of marble mainly to the US and Canada due to the NAFTA agreement. The market growth is driven by increasing demand for marble in the construction industry due to its aesthetic value. The construction industry is growing at a significant rate in Mexico along with the growth of its economy which is estimated to further fuel the market growth. But the high cost of marble is expected to limit the demand for marble.
The Mexico marble market is segmented by type and the white marble is expected to have a significant market share. By product, the slab segment is estimated to have a considerable market share. The slab can be shaped and moulded according to the requirement. By application, the flooring segment is expected to have a notable market share.
Extensive use of marble in the growing construction industry
The high cost of marble
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.
The Mexico marble market has been analyzed through the following segments:
By end user