The White Marble market is anticipated to cross market value of USD 89 Billion in 2027 from USD 37 Billion in 2020. It is projected to grow at a CAGR of over 5.7% in the forthcoming years.
Marble also known as dolomite or granular limestone, goes through a process of recrystallization under the influence of pressure, heat and aqueous solutions. When it comes in commercial form, it covers all decorative calcium rich rocks that can be serpentines and polished. Credence Research is offering holistic information and customization on the report named “Global White Marble Market.”
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Key Market Drivers and Restraints
Factors that have high impact on the market growth of White Marble will be covered her. Also, covers factors that may challenge or act as opportunity for market will be discussed in order to identify the revenue generation.
COVID-19 outbreak hampered Market Growth owing to Lack of Access for Overseas Supply
Due to COVID-19 (coronavirus) outbreak, shipping has suffered delay which resulted in loss for sales developers. There is overall slowdown in residential and commercial projects as it was daunting task to acquire materials from overseas. Business trips came to a point zero with quarantine and lockdown restrictions.
Furthermore, Real Estate businesses faced major strike as they purchase building materials globally, not locally. Real estate developers are predicting a recovery in the year 2021.
Europe to Dominate the global White Marble market
On geographic front, the global white marble market comprises six regions with all key economies pertaining to it. Credence Research is providing in-depth insight on prominent regions of global white marble market. Europe dominated with over 55% share in 2020.
Global White Marble Market is led by the natural marble
Natural Marble and Artificial Marble are the key types of White Marble. In 2020, Natural Marble had the highest share in White Marble market. However, artificial market is likely to grip a smooth CAGR during the forecast period.
Construction & Decoration continue to rule the global White Marble market in terms of application
Construction & Decoration, Furniture, Statuary & Monuments, and Others are some of the chief applications of White Marble. Construction & Decoration had high share in 2020 of the global White Marble market. As when the lockdown ended in mid-2020, all the unfinished construction was completed. Also, furniture is likely to grow with a healthy CAGR during forecast period.
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Market Segmentation
Global White Marble Market by Type, 2015 – 2027
· Natural Marble
· Artificial Marble
Global White Marble Market by Application, 2015 – 2027
· Construction & Decoration
· Statuary & Monuments
· Furniture
· Others
Global White Marble Market by Region, 2015 – 2027
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East and Africa
Global White Marble Market: Key Players
· Fox Marble Holdings plc (UK)
· Levantina y Asociados de Minerales
· Temmer Marble (Turkey)
· S.A. (Spain)
· Hellenic Granite Company (Greece)
· California Crafted Marble, Inc. (US)
· Topalidis S.A. (Greece)
. Polycor Inc. (Canada)
Frequently asked questions about global White Marble industry
- What are the consequences of COVID 19 on global White Marble industry?
- Which are the different types of White Marble?
- Which type of white marble is high in demand?
- Who are the key players in the global White Marble industry?
- Which application segment is fastest in terms of global White Marble industry?
Browse full report: https://www.credenceresearch.com/report/white-marble-market
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