Dublin, Dec. 30, 2020 (GLOBE NEWSWIRE) -- The "Global Marble Market by Color (White, Black, Yellow, Red, Others), Application (Building & Construction, Statues & Monuments, Furniture), and Region - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global marble market is estimated at USD 13 billion in 2020 and is projected to reach USD 16 billion by 2025, growing at a CAGR of 3.6% from 2020 to 2025.

High demand for residential and commercial infrastructure from the developing economies is driving the growth of building & construction segment. In addition, growth of the construction industry has led leading to high demand for building materials such as marble is anticipated to fuel the growth of marble market.

White segment is projected to grow at the highest CAGR in the marble market between 2020 and 2025

White segment is projected to be the fastest growing color in the marble market during the forecast period. Wide range of shades, textures, and patterns are available in white colored marble. White marble is highly suitable for structures that require luxurious and aesthetical appeal. White marble is used since ancient era for construction of monuments, statues, and cemetery marker among others. For example, the Taj Mahal, one of the wonders of the world, was built using rich white marble and the statue of Lincoln was made using very bright white marble from Georgia.

Building & construction segment contributed to the highest consumption in the marble market

The building & construction segment is estimated to lead the marble market in 2020, due to rising demand for residential and commercial infrastructure. Marble is widely used building & construction application in flooring, wall, roofing, columns, and exteriors. In addition, marble is among the leading natural stones preferred for construction of residential and commercial buildings in applications such as kitchens, sanitation areas, and exteriors. Rising construction industry in Asia Pacific in both residential and commercial structures is expected to fuel the growth of marble market during the forecast period.

Based on the region, Asia-Pacific is projected to grow at the highest CAGR in the marble market between 2020 and 2025

The marble market in the Asia-Pacific region is projected to grow at the highest CAGR between 2020 and 2025. China accounted for the major share of the global marble market in 2019, which is driving the growth of the Asia-Pacific region. China, India, Japan, and South Korea are the lucrative markets for marble in the Asia-Pacific region during the forecast period. The growth can be attributed to increasing demand for marble from the region's construction industry in residential and commercial infrastructures, particularly in China and India.

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Companies Mentioned

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