Albany, NY -- (SBWIRE) -- 10/22/2018 -- Global Artificial Marble Market: Overview
Artificial marble is manufactured from crushed marble and resin. It provides the look and feel of real marble, while being better at withstanding the wear and tear of everyday use and cleaning products. It is more durable as compared to natural marble, as it contains polyester resins. The mixture helps achieve optimum cure at room temperature. Furthermore, the viscosity of the resin can be changed or customized to allow fast air release or high filler loading as per requirement. Other important advantages of artificial marble over natural marble include higher tensile strength, minimum water absorption, and high abrasion resistance.
Artificial marble, also known as cultured marble, is widely used in homes, offices, industries, and institutions to increase the esthetics of the place. Artificial marble can be easily transformed into a desired shape and size. This is one of the primary reasons for its usage in residential and non-residential sectors. The lower cost of this marble also acts a major factor driving the market. It is largely used as flooring, roofing, and wall product in the building & construction industry. Artificial marble can also be used for sculpting statues in the arts sector.
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Marble is associated with luxury and extravagance. It is also used for decorative purposes in buildings and monuments such as hotels, theatres, temples, churches, memorial buildings, and tombs. Artificial marble can be developed in different colors depending upon the crushed marble and polyester resin used. These colors can include different shades of white, brown, green, and pink.
Besides the building & construction industry, artificial marble is employed in several other applications and end-user industries. In the ground form, marble is also used as calcium supplement for farm animals. It is also used as soil enhancer and in the manufacture of antacid and acid-neutralizer. It is also employed as soft abrasive material in grinding applications.
Countries with marble deposits play an important role in the artificial marble market. Some of the countries with high marble deposits include Germany, Russia, Italy, Spain, the U.S., China, and India.
Global Artificial Marble Market: Key Segments
In terms of region, the global artificial marble market can be segmented into North America, Latin America, Asia Pacific, Middle East & Africa, and Europe. Based on end-user industry, the market can be divided into building & construction, arts & architecture, and others.
Large numbers of artificial marble manufacturers operate across the globe; many of these are small companies. Lower quality of manufacturing is a problem created by such a structure of the market. This can result in high maintenance costs for the usage of artificial marble. This acts as a restraint of the global artificial marble market.
Global Artificial Marble Market: Key Players
Leading players operating in the global artificial marble market include LG Hausys, SDI Chemical, DuPont, Mining Resources Worldwide (FZE), Lion Chemtech, Hanwha L&C, Sistrom, KJM Marble Inc., Elite Marble Co., MIDROC Technology Group, American Marble Company and West U Marble Company, LLC
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