White Marble Market by Type (Natural Marble, Artificial Marble) by Application (Construction & Decoration, Statuary & Monuments, Furniture, Others): : Growth, Future Prospects, and Competitive Analysis, 2015 - 2027

Market Insights:

Marble, also known as dolomite or granular limestone, goes through an application of recrystallization under the influence of pressure, heat, and aqueous solutions. In commercial form, it covers all decorative calcium-rich rocks that can be serpentine and polished. White marble is the first choice of end-user when it comes to sculpture or premium buildings. The global white marble industry is predicted to recover at a rapid pace from a significant dip in 2020 and is likely to witness a double-digit CAGR to reach over two-fold its market size in 2020. The construction industry declined by a whopping 20% in 2020, and revenue generated by the white marble industry plunged to USD 17.2 billion.

Global White Marble Market

To learn how our report can help you streamline your business, Request Sample Here

Strong Demand in Premium Construction Projects

White marble has been considered a premium building and construction material for ages. As a result, end-users are ready to pay a premium price for white marble. However, the white marble's rate varies greatly, ranging from just a few dollars per square foot to a few hundred dollars per square foot. Although available in abundance, white marble production is dominated by four countries, including China, Italy, India, and Spain. Although not a leader in production, Turkey is one of the largest exporters with over 40% share in the global white marble trade, followed by Italy and Greece with around 18% and 10%, respectively. When it comes to imports, China, India, and Italy are the largest importers of white marble, with two third share in total imports. The growing trend of white marble in China, India, and Italy is leading the global market growth. Strong demand in these countries can be attributed to the rising construction activities and growing demand for sculptures made of white marble.

COVID-19 Outbreak Applied Brake on Trade of White Marble

COVID-19 (coronavirus) outbreak has badly impacted the import and export of white marble. As the major volume production is confined to a few countries and a large number of countries are dependent on the import of white marble, the industry witnessed a shortage of white marble. On the other hand, the construction projects got delayed owing to restrictions on mobility and social distancing rules. This, in turn, affected the demand very adversely. As a result, the white marble industry exhibited all-time negative growth in 2020. However, the revival of construction activities and uplift of the ban on mobility is expected to trigger the recovery at a rapid pace in the years to come.

Global White Marble Market

Europe to Dominate the global White Marble market.

Europe is a leading region in producing, consuming, and exporting white marble. Italy, Spain, and Greece are leading economies in the field of white marble. The area is leading the global trading of white marble, with strong demand for white marble in the region for the construction of buildings and sculptures since ages have remained a major factor for the growth of this industry. Europe held over 40% share in the total consumption of white marble in 2020.

Natural White Marble to Lead the Market Growth

Natural Marble and Artificial Marble are the key types of White Marble. Natural white marble consists of various impurities that lend varied colors to it. In contrast, artificial white marble is very versatile when it comes to colors and patterns, which offers more range of choices. However, as the colors are added artificially, the artificial white marble lacs in shine, grain, texture, and natural color. Therefore, the demand for natural white marble is higher than its artificial counterpart.

On the other hand, natural marble is way too expensive than artificial white marble. Therefore, in 2020, Natural Marble had the highest share in the White Marble market. However, the artificial market is likely to grip a smooth CAGR during the forecast period. 

Construction & Decoration continue to rule the global White Marble market in terms of application.

Construction & Decoration, Furniture, Statuary & Monuments, and Others are some of the chief applications of White Marble. Construction & Decoration had a high share in 2020 of the global White Marble market. When the lockdown ended in mid-2020, all the unfinished construction was completed. Also, furniture is likely to grow with a healthy CAGR during the forecast period.                         

Availability of Economic Construction Materials to Pose Major Threat to Growth           

The availability of black and other colors in marble, as well as different types of stones such as granite, etc., is expected to pose a greater threat to the growth of the white marble industry. Price is a major factor to play an important role in making buying decisions by end-users. However, as white marble is a preferred choice for premium buildings, architectural monuments, and sculptures, the demand for white marble will remain high over the forecast period.  

Major white marble-producing countries are focusing on increasing their production capacities and improving logistics operations to fulfill market demand and increase their global foothold.

Frequently asked questions about the market

The market is highly impacted from the current pandemic situation. Major end-user industries such as construction and sculpture were affected to large extent and hence in turn there was sharp decline in demand for white marble.

Natural and Artificial Marble are two types of White Marble available in market. Natural marble is a preferred choice of end-users owing to its better shine, texture and natural colors.

Freeport-McMoRan Copper and Gold Inc, BHP, Rio Tinto Plc, Rio Algom Ltd, and Anglo American are the key players operating in this market

White marble is naturally occurred limestone. Although available in abundance, the demand for artificial white marble in construction and furniture applications will pick the pace in the years to come.

Italy, Spain, Greece, Turkey, China and India are leading the production of white marble with over 55% share in global production industry

Choose License Type
Trusted By
Related Report

Published Date:  Apr 2021
Category:  Building & Construction
Report ID:   60326
Report Format:   PDF
Pages:   120
Rating:    4.2 (21)
Delivery Time: 24 Hours to 48 Hours   
Connect With Us
24/7 Research Support