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Asia Pacific Marble Market Research Report Information By Color (White, Black, Yellow, Red, and Others), By Application (Building & Construction, Statues & Monuments, and Furniture) –and Asia Pacific Market Forecast Till 2032

ID: MRFR/CO/20168-HCR | 128 Pages | Author: Sakshi Gupta| July 2024

Asia Pacific Marble Market Overview

Asia Pacific Marble Market Size was valued at USD 4.2 Billion in 2022. The Marble industry is projected to grow from USD 4.368 Billion in 2023 to USD 5.977 Billion by 2032, exhibiting a compound yearly growth rate (CAGR) of 4.00% throughout the forecast period (2024 - 2032). Easy and bulk availability and a rise in infrastructure development activities are the major market drivers driving the Marble market in the Asia Pacific region. The market for marble is growing due to the surge in architectural and interior design trends, demanding elegant and versatile natural stones in construction and design applications.

Asia Pacific Marble Market Overview

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

Asia Pacific Marble Market Trends

  • Growth in infrastructure development activities globally is driving the market growth

The Asia Pacific Marble market CAGR is growing due to the growing infrastructural development activities globally. Infrastructure development like construction and building projects, electricity, transportation, water, and energy initiatives help economic activity and boost growth and development. Further, commercial and government companies are realizing the important role that strong infrastructure plays in supporting economic growth and societal progress. The marble segment is working on extraction and production operations with respect to the surging demand. The growing use of building materials like marble in the construction and infrastructure industry due to broadening government measures to increase infrastructure investment is a crucial contributor to total infrastructure growth. The market revenue of marble is growing throughout the globe due to fast urbanization, the surge in investment in the building segment, and population expansion.

Furthermore, the prominent businesses in marble mining and processing are broadening their operations. Market segmentation helps businesses fabricate their products to meet the specific requirements of broad customer categories within the sector, including the use of cutting-edge technology, which enhances extraction efficiency, accuracy, and quality. Furthermore, marble is being utilized by designers in furniture, ornamental accents, and lighting fixtures, offering a design look that connects several aspects within a space. The demand for versatile natural stone continues to increase in the interior design and construction segment, which provides abundant opportunities to the marble market. Henceforth, the utilization of technology in design has created new avenues for marble applications. Water jet cutting and CNC machines offer precise and delicate cuts, allowing for novel and sophisticated marble shapes, which were hard to attain previously. Thus, driving the Marble market revenue.

Asia Pacific Marble Market Segment Insights

Marble Color Insights

The Asia Pacific Marble market segmentation, based on color, includes The white-colored marble category dominated the market. In the construction of decorative or architectural infrastructures and sculptures, a broad range of white marbles with different textures and patterns are used more popularly. White marbles are primarily the most used in exterior applications like flooring, columns, and walls. Further, black colored marble is the second most commonly used marble because of its sophisticated and elegant appearance, mainly in high-end projects owing to its popular choice for different architectural and interior design applications.

Figure 1: Asia Pacific Marble Market, by Color, 2023 & 2032  (USD Billion)

Asia Pacific Marble Market, by Color, 2023 & 2032

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

Marble Application Insights

The Asia Pacific Marble market segmentation, based on application, includes The building & construction category dominates the market of marble market due to the rising demand for residential and non-residential infrastructure development. In this sector, marble is the dominantly preferred building material for application areas due to its physical properties. An increase in urbanization and a larger focus on aesthetic appeal in building and interior design are boosting the market growth.

Marble Country Insights

The Asia Pacific marble market, with China leading in this region, is being driven by the expanding infrastructure and building activity in these quickly expanding nations. As the country invest heavily in building residential, public, and commercial infrastructure, there is a growing demand for high-quality construction materials like marble. Furthermore, the increasing urbanization and rising disposable incomes of the region contribute to the rising preference for marble in interior decoration and luxury construction projects.

Moreover, China’s government initiatives focused on promoting urban development and sustainable construction practices stimulate the demand for marble. With its aesthetic appeal, durability, and versatility, marble favors the choice among developers, architects, and homeowners in China, fueling the market forward in the evolving landscape of construction and design trends.



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

Asia Pacific Marble Key Market Players & Competitive Insights

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

Major players in the Marble market are trying to raise market demand by investing in research and development operations, including Global Mining Co. LLC, Delta Granite and Marble Inc., NAMCO Co. Srl, Emirates Marble, Kinan Marble, Atlantis Marbles, Turkish Marbles, Emek Marble, Stone Land, MGT Stone Company, and .

Key Companies in the Marble market include

  • Global Mining Co. LLC

  • Delta Granite and Marble Inc.

  • NAMCO Co. Srl

  • Emirates Marble

  • Kinan Marble

  • Atlantis Marbles

  • Turkish Marbles

  • Emek Marble

  • Stone Land

  • MGT Stone Company

  • Asia Stones

Asia Pacific Marble Industry Developments

October 2023: 20mm thick India marble was introduced by Stonex. This specification aligns with the global standard and marks a significant milestone in the industry. This 20mm marble is popular for its superior esthetics, durability, and strength.

Asia Pacific Marble Market Segmentation

Marble Color Outlook

  •  White

  • Black

  • Yellow

  • Red

  • Others

Marble Application Outlook

  • Building & Construction

  • Statues & Monuments

  • Furniture

Marble Regional Outlook

  • Asia Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Indonesia

    • Thailand

    • Vietnam

    • Malaysia

    • Singapore

    • Rest of Asia-Pacific

Report Attribute/Metric Details
Market Size 2022 USD 4.2 Billion
Market Size 2023 USD 4.368 Billion
Market Size 2032 USD 5.977 Billion
Compound Annual Growth Rate (CAGR) 4.00% (2024-2032)
Base Year 2023
Market Forecast Period 2024-2032
Historical Data 2019-2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, The Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Color, Application, and Region
Region Covered Asia Pacific
Countries Covered China, Japan, India, Australia, South Korea, Indonesia, Thailand, Vietnam, Malaysia, Singapore, Rest of Asia-Pacific
Key Companies Profiled Global Mining Co. LLC, Delta Granite and Marble Inc., NAMCO Co. Srl, Emirates Marble, Kinan Marble, Atlantis Marbles, Turkish Marbles, Emek Marble, Stone Land, MGT Stone Company, and Asia Stones
Key Market Opportunities ·         Leveraging technological advancements to enhance extraction, processing, and transportation methods.
Key Market Dynamics ·         Growing infrastructure development activities globally. ·         Increasing in architectural and interior design trends.

Frequently Asked Questions (FAQ) :

The Asia Pacific Marble market size was valued at USD 4.368 Billion in 2023.

The market is foreseen to grow at the CAGR of 4.00% during the forecast period, 2024-2032.

The key players in the market are Global Mining Co. LLC, Delta Granite and Marble Inc., NAMCO Co. Srl, Emirates Marble, Kinan Marble, Atlantis Marbles, Turkish Marbles, Emek Marble, Stone Land, MGT Stone Company, and Asia Stones.

The white-colored marble category dominated the market in 2023.

The building & construction category had the largest share of the market.

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