Market Size of China Marble Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 6.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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China Marble Market Analysis
The Chinese marble market is estimated to reach USD 3.31 billion by the end of this year and is projected to reach USD 4.53 billion in the next five years, registering a CAGR of 6.45% during the forecast period.
The market was negatively impacted by COVID-19 due to the halt in manufacturing activities, and the construction industries were completely shut down to control the spread of the virus. Currently, the market has recovered from the pandemic and is growing at a significant rate.
- Over the short term, growing usage in the construction sector and the versatility of marbles are major factors driving the growth of the market studied.
- However, the availability of cost-effective substitutes such as granite and porcelain is anticipated to restrain the growth of the market studied.
- Nevertheless, product innovation and new technologies to enhance the quality of the product are expected to create lucrative growth opportunities in the Chinese market.
China Marble Industry Segmentation
Marble is a calcareous metamorphic rock formed from limestone due to pressure and geological processes. It has a crystalline structure and slight porosity and is available in a variety of colors due to mineral content, such as sand, silt, and clay. The main constituent is calcite, a mineral made of calcium carbonate.
The market is segmented by color and application. By color, the market is segmented into white, black, yellow, red, and other colors (green, grey, blue, and pink). By application, the market is segmented into building and decoration, statues and monuments, furniture, and other applications (vases and lamps, landscaping, and arts and crafts). For each segment, the market sizing and forecasts are provided in terms of value in USD.
| By Color | |
| White | |
| Black | |
| Yellow | |
| Red | |
| Other Colors (Green, Grey, Blue, and Pink) |
| By Application | |
| Building and Decoration | |
| Statues and Monuments | |
| Furniture | |
| Other Applications (Vases and Lamps, Landscaping, and Arts and Crafts) |
China Marble Market Size Summary
The Chinese marble market is experiencing a robust recovery and growth trajectory following the disruptions caused by the COVID-19 pandemic. The market's expansion is primarily driven by the increasing demand in the construction sector, where marble's versatility for structural and decorative applications is highly valued. As the largest construction market globally, China's ongoing infrastructure and residential projects are expected to significantly boost marble demand. Despite the presence of cost-effective alternatives like granite and porcelain, innovations and advancements in marble technology are anticipated to offer substantial growth opportunities, further propelling the market forward.
In addition to construction, the marble market in China is benefiting from the country's status as a leading furniture producer, with a notable rise in online furniture retail sales. The integration of marble in furniture design, including tables, chairs, and decorative pieces, is contributing to the market's expansion. The fragmented nature of the market sees major players like China Kingstone Mining Holdings Limited and XIAMEN YUANDA STONE CO. LTD. actively participating in this growth. Overall, the combination of construction sector expansion and the burgeoning furniture industry is expected to drive the Chinese marble market's growth in the coming years.
China Marble Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Usage in Construction Sector
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1.1.2 Versatility of Marbles
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1.1.3 Other Drivers
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1.2 Restraints
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1.2.1 Availability of Cost-effective Substitutes
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 By Color
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2.1.1 White
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2.1.2 Black
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2.1.3 Yellow
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2.1.4 Red
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2.1.5 Other Colors (Green, Grey, Blue, and Pink)
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2.2 By Application
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2.2.1 Building and Decoration
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2.2.2 Statues and Monuments
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2.2.3 Furniture
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2.2.4 Other Applications (Vases and Lamps, Landscaping, and Arts and Crafts)
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China Marble Market Size FAQs
What is the current China Marble Market size?
The China Marble Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in China Marble Market?
China Kingstone Mining Holdings Limited, JSC Group, Kangli stone group, Universal Marble Granite Group Ltd and XIAMEN YUANDA STONE CO.,LTD are the major companies operating in the China Marble Market.
