The global natural stone market size reached US$ 37.5 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 47.9 Billion by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.
Natural stones refer to earth-mined or organic items used as decorative objects and construction materials. Marble, limestone, granite, slate, quartzite, sandstone, laterite and basalt are some of the commonly used natural stones. They are hand-selected pieces of stones that took millions of years to be formed by the combination of heat and pressure. Natural stones are widely used in flooring, wall cladding, countertops, backsplashes, sculptures, decorative items, roofing, bathtubs and swimming pools. They exhibit various properties, such as density, strength, color intensity, appearance, hardness, color blend, texture and structure. Natural stones are durable, environmental-friendly, easy to maintain, and cost-effective and are available in various textures, shapes, colors and sizes. As a result, they are widely used in the construction of residential, commercial, hospital and educational buildings.
Natural stones refer to earth-mined or organic items used as decorative objects and construction materials. Marble, limestone, granite, slate, quartzite, sandstone, laterite and basalt are some of the commonly used natural stones. They are hand-selected pieces of stones that took millions of years to be formed by the combination of heat and pressure. Natural stones are widely used in flooring, wall cladding, countertops, backsplashes, sculptures, decorative items, roofing, bathtubs and swimming pools. They exhibit various properties, such as density, strength, color intensity, appearance, hardness, color blend, texture and structure. Natural stones are durable, environmental-friendly, easy to maintain, and cost-effective and are available in various textures, shapes, colors and sizes. As a result, they are widely used in the construction of residential, commercial, hospital and educational buildings.
Natural Stone Market Trends:
Significant growth in the construction industry across the globe is creating a positive outlook for the market. Natural stones, such as granite and marble, are widely used for flooring in porches, backyards, pavements, and patios to improve the aesthetic appeal. In line with this, the rising engineering, procurement and construction (EPC) projects in the infrastructure sector are favoring the market growth. Natural stones are commonly used in river walls, dams, bridge piers, tiles, slabs and pavements. Moreover, various product innovations, such as the development of natural stones with modern designs imprinted on them, are providing an impetus to the market growth. These stones can be acid-washed and sandblasted and are widely adopted due to the changing consumer preferences. Additionally, the increasing trend for home renovation and remodeling is positively impacting the market growth since natural stones help in modifying and enhancing aesthetics in residential and commercial complexes. Apart from this, rising expenditure capacities of consumers and the implementation of various government initiatives to promote infrastructural development are anticipated to drive the market toward growth.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global natural stone market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, construction type, distribution channel and application.Breakup by Type:
- Granite
- Marble
- Limestone
- Others
Breakup by Construction Type:
- New Construction
- Renovation
Breakup by Distribution Channel:
- Online
- Offline
Breakup by Application:
- Flooring
- Memorial Arts
- Wall Cladding
- Others
Breakup by Region:
North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ARO Granite Industries Ltd., Dermitzakis Bros S.A, Dimpomar, Levantina y Asociados de Minerales S.A., Margraf SPA, Mumal Marbles Pvt. Ltd., Polycor Inc., Ranamar Marble, Temmer Marble, Topalidis S.A. and Xishi Group Ltd.Key Questions Answered in This Report:
- What was the size of the global natural stone market in 2022?
- What is the expected growth rate of the global natural stone market during 2023-2028?
- What has been the impact of COVID-19 on the global natural stone market?
- What are the key factors driving the global natural stone market?
- What is the breakup of the global natural stone market based on the type?
- What is the breakup of the global natural stone market based on the application?
- What are the key regions in the global natural stone market?
- Who are the key players/companies in the global natural stone market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Natural Stone Market
6 Market Breakup by Type
7 Market Breakup by Construction Type
8 Market Breakup by Distribution Channel
9 Market Breakup by Application
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- ARO Granite Industries Ltd.
- Dermitzakis Bros S.A
- Dimpomar
- Levantina y Asociados de Minerales S.A.
- Margraf SPA
- Mumal Marbles Pvt. Ltd.
- Polycor Inc.
- Ranamar Marble
- Temmer Marble
- Topalidis S.A. and Xishi Group Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 143 |
| Published | May 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 37.5 Billion |
| Forecasted Market Value ( USD | $ 47.9 Billion |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
