Travertine Market

Travertine Market Analysis:

The travertine market consists of limestone tiles, which are made by mineral hot springs. Travertine tiles are produced by the process of rapid precipitation of calcium carbonate. Theyhave a fibrous appearance and by nature, travertine tiles are concentric. They are also known as the terrestrial sedimentary rocks, and contain aragonite and calcite. They are originally white in color but can be also found in yellow and brown colors, due to the impurities contained by them over a while.

Most of the historical buildings such as temples, monuments, and complexes are built with travertine tiles. In addition, they are largely used in exterior cladding, interior cladding, bath designs, and exterior flooring of the buildings. They exhibit specific properties such as high strength, durability, and natural finishing. The demand for travertine tiles in modern architecture is expected to augment during the forecast timeframe, thereby propelling the growth of the global market.

COVID-19 scenario analysis:

• The global market for travertine tilesis severely impacted by the outbreak of the COVID-19 pandemic.
• The COVID-19 pandemic saw a decline in the economic growth in almost all the major countries, thus affecting consumer spending patterns.
• Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap.
• Thus, insufficiency in raw material supply is expected to hamper the production rate of travertine tiles, which negatively impact the market growth.

However, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

The urban construction and architectural aesthetics have a great demand for travertine tiles; hence these sectors contribute largely to driving the growth of the travertine market globally. In emerging economies, the investments in new infrastructure projects are rising and will be a great opportunity in the forecast time frame. Furthermore, the advancement in the technology and manufacturing process makes the use of travertine tiles accessible and easy. Travertine tiles have very distinctive and antiqued in look; hence they have a great liking among the consumers. The major restraints of the market are maintenance and its high cost. Travertine tiles require time to time maintenance process and usually cost high prices because of its great demand. These factors with, limited supply of travertine supply is expected to hamper the growth of the market.

Major market players:

Some of the major market players of travertine market are Natamar Madencilik San. Ve Tic.lTd Sti, Namco CO. Srl, Levantina, Topalidis, Dermitzakis, Antolini, Temmer Marble and indiana Limestone Company. Expansions, acquisitions, partnerships and new product developments are the main focus of these market players to grow their business in the potential markets. They have also been focusing on strategies like organic and inorganic growth developments like contracts and investments.

Key benefits of the report:

• This study presents the analytical depiction of the global travertine market along with the current trends and market estimation to determine the imminent investment pockets.
• The report represents information related to key drivers, restraints, and opportunities along with detailed analysis of the global travertine market share.
• The current market is quantitatively analyzed to highlight the travertine market growth scenario.
• The report provides a detailed global travertine market analysis depending on competitive and how the competition will take shape in coming years.
• This report helps users in comprehending the key product segments and their future.

Questions answered in the travertine market research report:

• Which are the leading players active in the travertine market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What should be the response of the travertine market players amid the COVID-19 pandemic?
• What are the projections for the future that would help in taking further strategic steps?
• What is the outlook of the industry?
• What are the emerging key segments in the travertine market?
• What are the major changes and assessments in travertine market dynamics?

 Travertine Market Report Highlights