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Published on : Dec 02, 2019

A recent market research report published by Research Moz talks about the global artificial engineered marble market and its overall working dynamics. This report of the artificial engineered marble market offers comprehensive analysis, market shares, key trends, opportunities, and driving and restraining factors that are influencing the growth of the market. Along with in-detail market segmentation, the research report offers key insights and information that are imperative for devising decisive marketing strategies.

The global artificial engineered marble market is expected to register considerable growth in coming years because of its overall durability. Also, the ability to resist the everyday wear and tear is also playing a big role in the development of the global artificial engineered marble market. Artificially engineered marble has higher durability as compared to the traditional marble. That is also a crucial factor that is helping in its growing adoption. The artificial engineered marble offers higher abrasion resistance, absorbs less water, and provide superior tensile strength. Such host of properties are helping to increase the popularity of the artificial engineered marble and thus drive the growth of the global market. 

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Another important factor for the growth of the market has been its high aesthetic quality. The artificial engineered marble is now being increasingly used for improving the aesthetic appeal of the place in which it is being used such as offices, malls, organizations, and companies among others. Due to the growing demand for the artificial engineered marble from the construction industry for building temples, hotels, and malls, the overall development of the market is expected to achieve new heights in the near future. The artificial engineered marble costs lesser than the traditional marble. This is also a huge factor that is contributing to the growth of the global artificial engineered marble market. 

However, there are some factors that may slow down the positive growth of the global artificial engineered marble market. These artificial marbles are more susceptible to stains and stress cracking if they are manufactured without the gel coats. These gel coats considerably extend the overall cost of production. This is likely to impact the growth of the market in near future. However, the leading manufacturers in the global artificial engineered marble market are now trying to develop artificial marble that will be more cost efficient. This is projected to bring new business opportunities for the market players. 

Another key trend observed in the global artificial engineered marble market is of its growing use in the construction of residential and commercial buildings. The luxurious and rich appearance offered by these artificial marbles is helping their uptake and driving the growth of the overall market. 

In terms of geography, the global artificial engineered marble market has five key regions. These are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Of these, the global market for artificial engineered marble is currently dominated by the Asia Pacific region. The growth of the regional market is primarily attributed to the growing prevalence of the commercial as well as residential construction activities in the region. Moreover, a considerable rise in the disposable income and rapid urbanization in the emerging economies such as China, Russia, and India are thus expected to boost the growth of the market even further. On the other hand, the North America market is expected witness a steady growth over the next few years of the given forecast period. 

The vendor landscape of the global artificial engineered marble market is a fragmented one due to the presence of several key players. Some of the leading players in the global artificial engineered marble market include names such as Aristech Surfaces LLC, Krystal Stone Exports, LG Hausys Ltd., and Hanex Solid Surfaces among others.