Artificial marble, commonly known as cultured marble, provides the look and feel of real marble without the extra cost and hassle. It's made of crushed marble and resin, so it can stand up to the wear and tear of everyday use and most cleaning products. Artificial Marble is widely used at home, offices, industries and institutions to makes the place more classy and marvelous.

Artificial marble tiles are more durable than natural quarried marble. It is also more resistant to stains wear and damaging effects of household chemicals. Since polyester resins used in the manufacture of marble tiles are specifically to achieve an optimum cure at room temperature. Besides the shrinkage and peak exotherm of the resin are kept low in order to avoid crakes due to internal stresses in the product. The viscosity of the resin is adjusted to allow high filler loading; fast air release and good meet outs and the gel coat if used must be hydrolytically stable.

Synthetic marble has high tensile strength compared to natural marble and is more durable. It is also known as cultured marble or engineered marble. It is resistant to stains, water, and cleaning chemicals. Other key features of synthetic marble are low shrinkage, resistant to aging, high abrasion resistance, and minimum water absorption. Synthetic marble is employed in residential as well as non-residential sectors owing to their ease of transformation into desired shape and size. Furthermore, the cost of this marble is low. It also provides elegant and luxurious appearance. Synthetic marble is largely used in flooring, roofing, and wall products. The marble is gaining wide acceptance in the building & construction industry.

The major areas artificial marbles tiles can be advantageous used are:

1) Roofings (decorated)

2) Flooring (marble finish)

3) Tiles used as wall products used in different designs & castings.

 The artificial marble tiles are gaining varied application in building project, which are developing very fast.

Cost Estimation:

Capacity:                                 3 MT/Day  

Plant and Machinery cost:       17.00 Lakhs

Working Capital:                      54.Lakhs

Rate of Return (ROR):              43.00 %

Break Even Point (BEP):          49.00 %     

Cost of Project:                         121 Lakhs

Market Outlook

India possesses a wide spectrum of dimensional stones that include granite, marble, sandstone, limestone, slate, and quartzite, spread out all over the country. India is also amongst the largest producer of raw stone material and the sectors is quite developed and vibrant in the South, as well as in Rajasthan and Gujarat, with a dedicated resource of entrepreneurs. India also has an indigenous resource of machinery and tool manufacturers which cater well to the demands of this sector.

Marble deposits can be found in various parts of India with economically high deposits concentrated in the states of Gujarat, Madhya Pradesh, Rajasthan, Haryana and Andhra Pradesh. New varieties of marbles are found and are gradually being developed in Bihar, Jammu & Kashmir, Sikkim, Maharashtra, Uttar Pradesh and West Bengal Rajasthan has a huge concentration of marble with reserves dissipated in various districts of Nagaur, Udaipur, Rajsamand, Banswara, Dungarpur, Jaipur, Sirohi, Bhilwara, Ajmer, Bundi, Alwar and Pali. The different colors found in Rajsthan marbles are Makrana Albeta White, Green, Makrana Kumari White, Makrana Dungri White, Jhiri Onyx, Phalodi Pink, Ambaji White, Indo-Italian, Babarmal Pink, Bhainslana Black, Forest Green, Forest Brown, Agaria White.

Demand for marble is rising in the construction industry due to its esthetics such as beauty and sculpture. Rapid growth in the construction industry in several developing regions across the world is likely to propel the demand for marble in the near future. Marble not only serves the decorative purpose, but is also functionally used as filler for concrete aggregate, stairs, pavements, floor coverings, and external walls in the construction industry. Marble is often associated with luxury and extravagance; hence, it is employed for decoration purposes in various lavish buildings and monuments such as hotels, theatres, temples, churches, memorial buildings, and tombs. This is anticipated to fuel the demand for marble in the near future. Use of marble is not limited to construction and architectural applications. Marble is also used in ground form as calcium supplement to farm animals; soft abrasive material for grinding application; manufacture of antacid and acid-neutralizer; and also as soil enhancer. These applications are projected to propel the demand for marble during the forecast period.

Construction is the major consumer of marble; the stone is used in applications such as laying pavements, stairs, kitchen platforms, flooring, sculpture, and external walls. The Indian tiles industry is all set for a big jump with projected value and volume CAGR of 7.5% and 11.5% respectively from FY16 to FY18. The share of organized players is expected to increase due to the use of superior technology, innovation and higher marketing spend resulting in higher margins, profitability.

The construction industry is a major contributor towards India’s GDP, both directly and indirectly. It employs 33 million people, and any improvements in the construction sector affect a number of associated industries such as cement, steel, technology, skill-enhancement, etc.

By FY20, construction equipment industry’s revenue is estimated to reach to US$ 5 billion. Revenues increased at a CAGR of 8.38 per cent during FY07- 14 and is further estimated to rise at a CAGR of 2.34 per cent between FY07-20, owed to the rapid infrastructure development, undertaken by the Government of India. In FY16, India construction equipment industry grew at a YoY of around 3.45 per cent over the previous year.

Construction equipment forms around seven to eight per cent of gross domestic product (GDP) and gives employment to more than 30 million people in the country. It also accounts for more than 60 per cent in total infrastructural investment.

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