Global Artificial Marble market will reach 9960 million US$ by the end of 2025

Global Artificial Marble market will reach 9960 million US$ by the end of 2025 QYRESEARCH FOCUS ON MARKET SURVEY AND RESEARCH

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QYResearch • Artificial marble, or synthetic marble is crushed marble particles mixed with polyester resins that form a surface that is sealed with a gel coat and is sanitary and virtually impervious to stains and water. It is a low maintenance product—tub and shower walls have a minimum number of seams, diminishing leakage and allergy-causing mold and mildew problems.

• Artificial marble can be classified as Cement Artificial Marble, Resin Type Artificial Marble, Composite Artificial Marble and Sintered Artificial Marble in terms of material type and manufacturing process.

Currently, Resin Type Artificial Marble dominates the market, and 80% of this type is acrylic resin based artificial marble. Nearly all prevailing artificial marble manufacturers offer acrylic artificial marble, which is widely used in interior decoration with high water-proof reequipments.

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• Major applications of artificial marble are Vanity Tops, Bath Tubs, Wall Panels, Shower Stalls, etc. Artificial marble has extremely durable and naturally resistant to water, bacteria and stains, which also has realistic flecked or streaked styles can rival natural stone.

• The market of artificial marble is highly competitive. Top 10 players occupy 12.67% of global market share in 2016.The top players cover DuPont, Staron(SAMSUNG), LG Hausys, Kuraray and Aristech Acrylics etc., which are playing important roles in global Artificial Marble market.

• Production of artificial marble is concentrated in China, North America, Korea and Europe, while the sales market is widely distributed in global areas.

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The global Artificial Marble market is valued at 5650 million US$ in 2017 and will reach 9960 million US$ by the end of 2025, growing at a CAGR of 7.4% during 2018-2025.

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