Cultured Marble Companies

The cultured marble market 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%. Asia Pacific is the largest s cultured marble market that is projected to register the highest CAGR during the forecasted period. This high growth is due to the growing demand from the countertops, vanities, bathtubs and flooring applications.

Cultured Marble Companies

Countertops takes the lead when it comes to cultured marble as it owing to rising demand for affordable, trendy, and luxurious look without the high price of quarried stone. The demand for countertops is expected to be driven by rising installations of countertops which continue to be selected over freestanding or wall-mounted fixtures in kitchens and bathrooms.

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The key players following the strategies between 2019 to 2024, LX Hausys Ltd. (South Korea), Corian (DuPont) (US), Lotte Chemical Corporation (South Korea), and KalingaStone (Classsic Marble Company) (India),. The companies are majorly following investment & expansion, and product launch as the strategy to grow and expand the market.

LX Hausys Ltd: LX Hausys Ltd. focuses on acrylic solid surface engineered stone (cultured marble), and automotive interior leather. The manufacturing plant in North America produces acrylic solid surface, engineered stone, and automotive interior leather. In Europe, the business focuses on acrylic solid surfaces and furniture film. LX Hausys business in China focusses on flooring, industrial films, and automotive materials & components. Tiles, sheet-type flooring, and high-gloss films for home appliances occupy a high market share, which is expected to continue to grow.

LX Hausys Ltd. operates seven overseas sales corporations, four overseas manufacturing corporations, and five overseas representative offices, mainly in the US. The company is focusing on expanding global network by localizing products with the manufacturing and sales bases in the US and China.

Lotte Chemical Corporation: Lotte Chemical Corporation, established as Honam Petrochemical, is a leading South Korean chemical company. As a core subsidiary of the Lotte Group, it has evolved into one of the world's largest chemical producers by revenue. The company has significantly expanded its global footprint through strategic acquisitions and mergers. Notably, in 2010, it acquired Malaysia's Titan Chemicals, marking its entry into the Southeast Asian market. In 2012, the company merged with KP Chemical and rebranded as Lotte Chemical. Lotte Chemical Corporation offers cultured marble under Staron brand, which is part of the construction and interior materials product portfolio. The construction and interior materials are part of the advanced materials business segment.

Related Reports:

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)