Travertine is a type of land-based limestone that forms around mineral springs, particularly hot springs. It has a fibrous or concentric appearance and comes in white, tan, cream, and even rusty colours. Travertine is a sedimentary rock formed by the chemical precipitation of calcium carbonate minerals from fresh water, most commonly found in springs, rivers, and lakes that is, from surface and ground waters. Travertine, in its broadest sense, includes deposits from both hot and cold springs, as well as the porous, spongy rock known as tufa and cave features known as speleothems which include stalactites and stalagmites. Calcrete is not a type of travertine because it is calcium minerals deposited as a horizon in the soil profile.
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A large number of providers of Travertine compete with one another on the global market, which is less competitive. Strong competition, changing customer spending trends, and regular changes in consumer demand which increases opportunity of Travertine market. Analyst at AMA Research estimates that China Vendors will contribute the maximum growth to Global Travertine market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Levantina (Spain), SMG (United States), Antolini (Italy), Amso International, Coldspring (United States), Swenson Granite (United Kingdom), KSG Mermer (Turkey), UMGG (China), Porcelanosa (Spain) and Kangli Stone (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Fujian Hongfa (China), Best Cheer (United States) and Qingdao Sanco Stone (China).
AMA Research has segmented the market of Global Travertine market by Type (Silver Travertine, Travertine Giallo, Silyon Travertine, Yellow Travertine and Others), Application (Building, Industry and Others) and Region.
On the basis of geography, the market of Travertine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Type, the sub-segment i.e. Cut Types will boost the Travertine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Offline will boost the Travertine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Grade, the sub-segment i.e. Premium will boost the Travertine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Residential will boost the Travertine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 4 April 2022 Paramount Global Surfaces Acquires Stone Source. This Acquisition to create a national flooring distributor with a strong presence in both the residential and commercial market Stone Source's products are primarily used in a wide variety of commercial flooring applications, much like PGS's Ceramic Technics division, which also distributes into the commercial flooring market. Stone Source also provides products for residential use.
Import policy of Rough Marble and Travertine Blocks, exercise of the powers conferred by Section 3 of the Foreign Trade (Development and Regulation) Act, 1992 and Classifications of Export and Import Items, as per the provisions contained therein, import of Marble and Travertine- Crude or Roughly trimmed and merely cut, by sawing or otherwise, into blocks of a rectangular (including square) shape is restricted and subject to import licensing procedures as per Notification No. 99
- The Increasing Investment In New Infrastructural Development In Commercial Segment
- Biggest Innovations In Architectural And Construction Sector
- Rising Demand In Urban Design And Architectural Area
- Increased Living Standards Rapidly
- Great Liking Of Travertine To Consumer
- It Required High Maintenances
- High Cost Of Manufacturing And Purchasing
- In Travertine Tiles, Staining Can Be A Significant Issue.
- Travertine Is Typically Heavier Than Concrete And Other Materials.
- It Is More Expensive To Use Than Concrete
Key Target AudienceTravertine manufacturer, Travertine provider, Industry, New Entrance organization, Architecture, Building Designer and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.