Global Synthetic Marble Market: Trend and Opportunities (2015-2019)

Global Synthetic Marble Market: Trend and Opportunities (2015-2019)

Scope of the Report

The report titled “Global Synthetic Marble Market: Trends and Opportunities (2015-2019)” analyses the potential opportunities and significant trends in the synthetic marble market all over the world. The market size and forecast in terms of value for global market has been provided with a market outlook for the period 2015 to 2019. The report also provides detailed sub segment analysis of the global synthetic marble market and market share analysis of the major players.

The report also provides detailed country analysis of the Korea and the U.S., major exporting and importing country of synthetic marble. The report provides the market sizing by value of Korea along with the export trend, major players in the market and the major growth driver of the market of Korea. The U.S. synthetic marble market has also been focused providing with the market volume and the major growth driver of the market in the country.

The major players in the synthetic marble market are also focused in the report with their business overview, financial status and the business strategies adopted by the company to increase their market share.

The report also provides with the major market trends which include growing demand for engineered stone, new housing segment, demand of cast polymers in the U.S. and an upsurge in the unsaturated polyester resin market. The report also focuses on the major growth drivers as well as challenges of the synthetic marble market.

Country Coverage
Korea
The U.S.

Company Coverage
Lion Chemtech Co. Ltd.
LG Hausys Ltd.
Hanwha Corporation

Executive Summary

Synthetic marble is a composite of resins like acrylate, polyester and fillers. Fillers can be silica, calcium carbonate and so on. The raw materials required for manufacturing synthetic marble are filler, sap, gel coat, strong or fluid color and impetus. Filler act as an aggregate and must exist up to 85%to 95%by weight. Pigment is added to get the desired color. Artificial marbles require gel coats since moldings made without gel coats are vulnerable to stress cracking and have a tendency to stain. The combination agent is a small molecule that aids in the diffusion of a solid particulate substance into a liquid medium. Synthetic marble is broadly classified into three categories: Acrylic marble, Unsaturated polyester marble and Inorganic artificial marble.

Marble production is dominated by 4 countries that account for almost half of world production of marble and decorative stone. Synthetic marble is largely manufactured in China and Italy, and constituting the world’s largest share in exports. This market gained momentum in the year 2011 and is projected to raise its market share in the recent years due to upsurge in the real estate sector. The market share of synthetic marble is governed mainly by MMA-Based synthetic marble.

The U.S. is the largest artificial marble market accounting for half the global market and the U.S. is also one of the major importers of the synthetic marble market. The volume of artificial marble market is expected to increase in recent years despite being slump in the recent past. The growth expansion of the synthetic marble market is largely driven by the global housing market.

The major growth drivers for the industry are: growth in the real estate sector, increase in the disposable income, increase in the urban population and rise in the industrialization trend while the major challenges faced by the industry are the major manufacturing issues and the maintenance issues.

The major players in global synthetic marble industry are Dupont, Cosentino, LG Hausys, Chile Industries and Hanwaha L&C. Duopont is leading with the maximum share in the market in year 2013 followed by Cosentino and LG Hausys. Chile Industries and Hanwaha L&C also have a significant market share.


1. Executive Summary
2. Introduction
2.1. Types of Rocks
Table 1: Types of Rocks
Igneous Rocks
Sedimentary Rocks
Metamorphic Rocks
2.2. Marble
2.2.1. Types of Marbles
Table 2: Types of Marbles
Natural Marbles
Synthetic Marbles
2.3. Synthetic Marble
2.3.1. Types of Synthetic Marble
Table 3: Types of Synthetic Marble
Acrylic Marble
Unsaturated Polyester Marble
Inorganic Artificial Marble
2.3.2. Advantages of Synthetic Marble over Natural Marble
2.3.3. Disadvantages of Synthetic Marble
2.3.4. Chemical Composition
2.3.5. Manufacturing Process
Table 4: Types of Synthetic marble Manufacturing Process
Batch-Wise Production Process
Slip Casting Technique
Roberts Process
Resin Concrete Layer Method
2.3.6. Color and Pattern in the Artificial Marble
Types of Color and Patterns in Artificial Marbles
Table 5: Types of Color and Patterns in Synthetic Marble
Table 6: Process of Obtaining Pattern and Luster of Valuable Marbles
Formation of Patterns Using Polymers
Table 7: Methods of Producing Patterned Marble
3. Global Marble Market: An Analysis
3.1. Global Marble Market: Present Scenario
3.2. Global Synthetic Marble Market: An Analysis
3.2.1. Global Synthetic Marble Market by Value
Table 8: Global Synthetic Marble Market by Value; 2006-2014 (US$ Billions)
Table 9: Global Synthetic Marble Market by Value; 2015-2019E (US$ Billions)
3.2.2. Global Synthetic Marble Market by Types
Table 10: Global Synthetic Marble Market by Types; 2013
3.2.2. Global Synthetic Marble Market by Players
Table 11: Global Synthetic Marble Market Players Market Share; 2013
4. Country Analysis
4.1. Korea Synthetic Marble Market: Sizing and Growth
4.1.1. Korea Synthetic Marble Market by value
Table 12: Korea Synthetic Marble Market; 2013-2014 (US$ Billions)
Table 13: Korea Synthetic Marble Market; 2015-2019E (US$ Billions)
4.1.2. Korea Synthetic Marble Exports
Table 14: Korea Synthetic Marble Export; 2000-2014 (Thousand Tons)
Table 15: Korea Synthetic Marble Export; 2015-2019E (Thousand Tons)
4.1.3. Korea Synthetic Marble Market Major Players
Table 16: Korea Synthetic Marble Market Players Market Share; 2010-2013
4.1.4. Korea Synthetic Marble Market Growth Driver
Table 17: Korea GDP Annual Growth vs. Housing Price Change
Recovering Domestic Property Market Drives Steady Demand Growth
Table 18: Korea New Apartment Completion and Housing Transaction Volume; 2006-2016E (Million Units)
Encouraging Remodeling Of Old Houses Stimulates the Demand Growth
Table 19: Korea Houses Remodeling Spending; 2001-2010 (US$ Billion)
4.2. The U.S. Synthetic Marble Market: Sizing and Growth
4.2.1. The U.S. Synthetic Marble Market by Volume
Table 20: The U.S. Synthetic Marble Market by Volume; 2001-2021E (M2 Million)
Table 21: The U.S. Synthetic Marble Market by Volume; 2015-2019E (M2 Million)
4.2.2. The U.S. Synthetic Marble Market Growth Driver
Table 22: The U.S. New Houses Sales; 1986-2012 (Million Units)
5. Market Dynamics
5.1 Growth Drivers
5.1.1. Growth in Real Estate Sector
Table 23: Global House Price Index; Q12011-Q42014
5.1.2. Increase in the Disposable Income
Table 24: Global per Capita Disposable Income Change; 2009-2014 (%)
Table 25: Global Household Debt to Disposable Income Ratio; 2013 (%)
5.1.3. Increase in Urban Population
Table 26: World Urban Population; 2009-2014 (Billions)
5.1.4. Rise in Industrialization Trend
Table 27: Global Annual Growth in Industrial Sector; 2009-2013 (%)
5.2 Challenges
5.2.1. Manufacturing Issues
5.2.2. Maintenance Issues
5.3 Market Trends
5.3.1. Engineered Stone to be Fastest Growing Product
5.3.2. New Housing Segment to Pace Countertop Market
5.3.3. The U.S. Demand for Cast Polymers
5.3.4. Unsaturated Polyester Resin Market
6. Competitive Landscape
Table A: Companies Revenues and Market Capital; 2013 (US$ Billions)
7. Company profiles
7.1. Lion Chemtech Co. Ltd.
7.1.1 Business Overview
7.1.2 Financial Overview
Table 28: Lion Chemtech Domestic Sales and Exports; 2010-2013 (US$ Billions)
Table B: Lion Chemtech – Synthetic Marble Production Capacity
7.1.3 Business Strategy
Maintain Product Quality
Table C: Lion Chemtech – Synthetic Marble Stone Quality Comparison
Price Competitiveness
7.2. LG Hausys Ltd.
7.2.1. Business Overview
Windows
Interior materials
High-performance materials
7.2.2. Financial Overview
Table 29: LG Hausys (Consolidated) sales; 2010-2013 (US$ Billion)
7.2.3. Business Strategies
Introduction of New Technology Products
Geographical Expansion
7.3. Hanwha Corporation
7.3.1. Business Overview
Manufacturing and construction
Finance
Services and Leisure
7.3.2. Financial Overview
Table 30: Hanwha Corporation Net Sales; 2010-2013 (US$ Billions)
7.3.3. Business Strategies
High Value Technologies
Expanding Overseas Market
Creating Environmental Value

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