The report "Cultured Marble Market by Type (Polyester, Cement, Composite, and Sintered), Application (Countertops, Vanities, Bathtubs, Flooring ), End-use Industry (Residential and Non-residential), and Region (2024-2029)", exhibits high growth potential and is projected to reach a market size of USD 6.25 billion by 2029 from USD 4.73 billion in 2024, at a CAGR of 5.8%. One of the largest markets for cultured marble worldwide is the Asia Pacific area. The demand for cultured marble is increasing in the residential and non-residential industry. The demand from developing nations, such as China, India, Brazil, and Argentina are expected to drive the global cultured marble market.
Browse 256 market data Tables and 55 Figures spread through 237 Pages and in-depth TOC on "Cultured Marble Market by Type (Polyester, Cement, Composite, and Sintered), Application (Countertops, Vanities, Bathtubs, Flooring ), End-use Industry (Residential and Non-residential), and Region (2024-2029)"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/cultured-marble-market-97078629.html
Cement based, by type segment is expected to be second fastest growing type for cultured marble market during the forecasted period.
Cement-based cultured marble is expected to be the second fastest-growing segment of the cultured marble market during the forecast period due to its superior qualities, such as high durability, and flexibility. Cement-based cultured marble is a growing over traditional polyester resin-based cultured marble, offering a sustainable and durable alternative for countertops, vanities, and flororing. It offers unique benefits in terms of strength, environmental impact, and design flexibility. Cement-based cultured marble are cementious in nature which is more heat-resistant and impact resistant than resin based cultured marble.
Non-residential, by end-use industry segment hold the second largest growing segment in cultured marble market during forecast period.
Over the course of the forecast period, the non-residential segment is expected to hold the second-largest share after residential in the cultured marble market. Affordability, durability, and beauty are all greatly influenced by the growing usage in remodeling and new construction. The demand for cultured marble in non-residential is rising due to its esthetics such as beauty and sculpture. Rapid growth in the building and construction industry across the growing economies such as China, India, Brazil, Indonesia and others for decorative purposes in lavish buildings.
North America region likely to account the second largest share of the global cultured marble market during forecasted period.
North America is expected to account for the second highest share of the global cultured marble market over this time period. The reasons for this are numerous. Single-family construction in the US is expected to stabilize after 14% decline in 2023 and see more investment in 2025. This would greatly accelerate the expansion of the European market as a whole. Factors such as single-family home market helped support large amount of multifamily units in development which peaked at 1 million units in mid 2023. Further, many new multifamily units delivered in 2024, adding more inventory to the market. Infrastructure investments will continue to support urbanization which will drive up the dmenad for cultured marble.
LX Hausys Ltd. (South Korea), Corian (DuPont) (US), and Lotte Chemical Corporation (South Korea), are the key players in the global cultured marble market.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA : 1-888-600-6441
[email protected]