Artificial Marble Market Research Report - Global Forecast till 2032

Artificial Marble Market Research Report Information By Type (Polyester Artificial Marble, Cement Artificial Marble, Composite Artificial Marble, and Sintered Artificial Marble), By Application (Flooring, Countertops, Vanity Tops, Bathtubs, Wall Panels, Shower Stalls, and Others), and By Region (North America, Europe, Asia-Pacific, and Rest Of The World) – Market Forecast Till 2032

ID: MRFR/CO/7066-CR | 183 Pages | Author: Tejas Chaudhary | February 2020         

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Global Artificial Marble Market Overview


Artificial Marble Market Size was valued at USD 11.3 Billion in 2022. The Artificial Marble market Type is projected to grow from USD 12.6 Billion in 2023 to USD 29.4 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.20% during the forecast period (2023 - 2032). Artificial marble is in greater demand and use as a result of the world's growing population, industrialization, and urbanisation, are the key market drivers enhancing market growth.


Artificial Marble Market Overview


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Artificial Marble Market Trends




  • Rising demand & uses of artificial marble is driving the market growth




Artificial marble has become one of the smartest choices in home design for buyers thanks to its perfect elegance. Artificial marble countertops or flooring in the living room or dining room offer a strikingly beautiful touch to the already cutting-edge interior design. Artificial marble comes in a variety of colours and designs, and because it is affordable, there is a wider range of options. industrialisation, urbanisation, and population increase are all driving factors in the market's expansion.  Artificial marble is used more frequently in both residential and commercial construction projects because of its excellent strength and durability. Rising government initiatives for infrastructure improvement also fuel market expansion. As the travel business expands, the hotel industry is expanding quickly. Artificial marble is used in the hotel industry to ensure aesthetic appeal, which has defined market landscape expansion recently.


The market is growing as a result of an increase in the usage of imitation marble in a variety of palliations, including countertops, walls, flooring, furniture, and other surfaces. Additionally, artificial marble is superior to actual marble in a number of ways, including cost-effectiveness, ease of remodelling and reshaping to suit client preferences, high durability, simplicity of care, and better look. Additionally, the expansion of the construction industry in nations like India, the U.S., Brazil, Germany, and Spain is creating profitable growth prospects for artificial marble during the anticipated time. For instance, the Oxford Economics predicts that by 2030, the worldwide construction market would rise by 85% to $15.5 trillion, with China, the United States, and India taking the lead and contributing 57% of the expansion. Therefore, it is anticipated that these new construction activities will have a favourable effect on market growth during the projection period.


Due to increased rehabilitation and infrastructure projects, the artificial marble market is rising. As personal disposable income has increased, there has been a shift towards aesthetically pleasant interior designs, which is expected to boost market growth. Furthermore, it's expected that rising construction investment in developing countries will favourably affect overall market demand. Artificial marbles are utilised as flooring in newly constructed residences, structures, business complexes, and other structures. One of the key elements fueling market expansion is the increase in new construction activity.


The ability of artificial marble to withstand daily use wear and tear and to endure a long time compared to natural marble is expected to fuel market expansion, which is why the worldwide artificial marble market's revenue growth is significantly rising. Growth would also be aided by materials with greater tensile strength, increased abrasion resistance, and decreased water absorption. Artificial marble is frequently used to enhance the aesthetic appeal of buildings, offices, and homes. Because they are used as ornaments in hotels, temples, and other buildings, the demand for these marbles is anticipated to increase. A major factor in the sector is the relative affordability of artificial marbles in comparison to natural marbles. Thus, driving the Artificial Marble market revenue.


Artificial Marble Market Segment Insights


Artificial Marble Type Insights


The Artificial Marble market segmentation, based on type, includes polyester artificial marble, cement artificial marble, composite artificial marble, and sintered artificial marble. Polyester artificial marble segment dominated the market in 2022. Due to its great resistance to water damage and attractive appearance, artificial marble is increasingly being used in decorative mosaics and landscaping, which is one of the main factors driving the market's expansion. Additionally, emerging nations need artificial marbles for the construction of temples and other religious buildings. In the near future, it is projected that rising investments in building rehabilitation and expansion will fuel the market growth for fake marble.


Figure 1: Artificial Marble Market, by Type, 2022 & 2032 (USD Billion)


Artificial Marble Market, by Type, 2022 & 2032


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Artificial Marble Application Insights


The Artificial Marble market segmentation, based on application, includes flooring, countertops, vanity tops, bathtubs, wall panels, shower stalls, and others. Flooring segment dominated the artificial marble market in 2022. This is due to the growing demand for faux marble in commercial buildings like malls, colleges, and big complexes.


Artificial Marble Regional Insights


By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Artificial Marble Market dominated this market in 2022 (45.80%). One of the key elements anticipated to fuel market revenue growth in this area is the increased use of artificial marbles, notably in the United States and Canada. Further, the U.S. Artificial Marble market held the largest market share, and the Canada Artificial Marble market was the fastest growing market in the North America region.


Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2: ARTIFICIAL MARBLE MARKET SHARE BY REGION 2022 (USD Billion)


ARTIFICIAL MARBLE MARKET SHARE BY REGION


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Europe Artificial Marble market accounted for the healthy market share in 2022. This development is ascribed to the development of the building and construction sectors in developing nations like France and Spain. Further, the German Artificial Marble market held the largest market share, and the U.K Artificial Marble market was the fastest growing market in the European region


The Asia Pacific Artificial Marble market is expected to register significant growth from 2023 to 2032. This is due to the increased activity in the region's infrastructure. The market for fake marble is also anticipated to increase due to an increase in construction activity brought on by growing urbanisation and industrialization. Therefore, it is anticipated that the use of artificial marble in new construction for a sustainable environment would lead to profitable market expansion in the future. operations, supply networks, and new working procedures to address urgent emergencies. Moreover, China’s Artificial Marble market held the largest market share, and the Indian Artificial Marble market was the fastest growing market in the Asia-Pacific region.


Artificial Marble Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Artificial Marble market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Artificial Marble Industry must offer cost-effective items.


Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Artificial Marble Industry to benefit clients and increase the market sector. In recent years, the Artificial Marble Industry has offered some of the most significant advantages to medicine. Major players in the Artificial Marble market, including Lotte Advanced Materials Co. Ltd, DuPont de Nemours Inc, LG Hausys, Marmil S.A., Guangdong Chuanqi Compound Stone Co. Ltd., Nanan Guang Tai Xiang, Stone Co. Ltd., Wanfeng Compound Stone Technology Co. Ltd., Pengxiang, Shanghai Meyate Group, Yunfu Liji Stone Co. Ltd., Samsung Stone Industry Co. Ltd., Bitto Industry Co. Ltd., and Jordan Marble and Granite, are attempting to increase market demand by investing in research and development operations.


A chemical firm called Lotte Chemical Corp. (Lotte Chemical) produces and sells petrochemicals and essential chemicals. Polymers like low-density polyethylene and ethylene vinyl acetate, as well as monomers like ethylene glycol and ethylene oxide, chemical fibres, and megatrends, are among the company's product offerings. Products from the company are used to make materials for the agricultural, engineering, medical, and car industries as well as domestic goods. In addition to having production facilities in Daesan, Yeosu, and Ulsan, Lotte Chemical also has research and development facilities in Daedeok and Yeosu. China, Hong Kong, Russia, the US, Peru, Turkey, and Vietnam are among the countries where the corporation maintains offices abroad. The headquarters of Lotte Chemical are in Seoul, South Korea. The world leader in engineered stone, Belenco (Turkey), was acquired by Lotte Advanced Materials (South Korea), a subsidiary of Lotte Chemical, for 72.5 percent of its equity in January 2019.


Construction material manufacture is what LG Hausys Ltd does. Building and interior, automotive, and industrial film segments make up the company's business divisions. Flooring, wallcovering, deco foil, curtain walls, windows, automotive skin, vinyl, and vacuum insulation panels are only a few of its goods. The business is an expert in windows, interior materials, automotive materials, and its parts. As of January 2020, LG Hausys will attend the Kitchen and Bath Industry Show (KBIS), the trade show for the artificial marble industry in North America. As such, LG Hausys is seeking to increase its market share in this sector.


Key Companies in the Artificial Marble market include



  • Lotte Advanced Materials Co. Ltd

  • DuPont de Nemours Inc

  • LG Hausys

  • Marmil S.A.

  • Guangdong Chuanqi Compound Stone Co. Ltd.

  • Nanan Guang Tai Xiang Stone Co. Ltd.

  • Wanfeng Compound Stone Technology Co. Ltd.

  • Pengxiang

  • Shanghai Meyate Group

  • Yunfu Liji Stone Co. Ltd.

  • Samsung Stone Industry Co. Ltd.

  • Bitto Industry Co. Ltd.

  • Jordan Marble and Granite


Artificial Marble Industry Developments


January 2020: the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.


Artificial Marble Market Segmentation


Artificial Marble Type Outlook



  • Polyester Artificial Marble

  • Cement Artificial Marble

  • Composite Artificial Marble

  • Sintered Artificial Marble


Artificial Marble Application Outlook



  • Flooring

  • Countertops

  • Vanity Tops

  • Bathtubs

  • Wall Panels

  • Shower Stalls

  • Others


Artificial Marble Regional Outlook



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America



Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD 11.3 Billion
Market Size 2023 USD 12.6 Billion
Market Size 2032 USD 29.4 Billion
Compound Annual Growth Rate (CAGR) 11.20% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Application, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S., Canada, German, France, U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Saint-Gobain Group, Aliaxis Group SA/NV, Mexichem S.A.B. de CV, Tyman plc., Tenaris, CEMEX SAB de CV, Future Pipe Industries, JM EAGLE INC., China Lesso, AMERICAN, and National Pipe & Plastics
Key Market Opportunities Increasing demand for art and architecture
Key Market Dynamics Rising demand & uses of artificial marble and ever increasing population and rapid industrialization and urbanization worldwide




Frequently Asked Questions (FAQ) :

The Artificial Marble market size was valued at USD 11.3 Billion in 2022.

The Artificial Marble Market is projected to grow at a CAGR of 11.20% during the forecast period, 2023-2032.

North America had the largest share in the Artificial Marble Market.

The key players in the Artificial Marble Market are Lotte Advanced Materials Co. Ltd, DuPont de Nemours Inc, LG Hausys, Marmil S.A., Guangdong Chuanqi Compound Stone Co. Ltd., Nanan Guang Tai Xiang, Stone Co. Ltd., Wanfeng Compound Stone Technology Co. Ltd., Pengxiang, Shanghai Meyate Group, Yunfu Liji Stone Co. Ltd., Samsung Stone Industry Co. Ltd., Bitto Industry Co. Ltd., and Jordan Marble and Granite.

The Polyester Artificial Marble Type dominated the Artificial Marble Market in 2022.

The Flooring Application had the largest share in the Artificial Marble Market.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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