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Natural Stone Global Market Report 2022: Ukraine-Russia War Impact

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    Report

  • 175 Pages
  • December 2022
  • Region: Global
  • The Business Research Company
  • ID: 5709800
Major players in the natural stone market are Aro Granite Industries Ltd, Dimpomar, Dermitzakis Bros S A, Levantina y Asociados de Minerales S A, MARGRAF Spa, Mumal Marbles Pvt Ltd, Polycor Inc, Temmer Marble, Topalidis S A, Xishi Stone Group, Antolini Luigi & C S p a, Ranamar Marble, Amso International s a s, Dongxing Group, Vetter Stone, Southland Stone USA Inc, CUPA Group, Pakistan Onyx Marble, and Ahjar Sinai.

The global natural stone market is expected to grow from $28.25 billion in 2021 to $30.49 billion in 2022 at a compound annual growth rate (CAGR) of 7.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The natural stone market is expected to grow to $37.90 billion in 2026 at a CAGR of 5.6%.

The natural stones market consists of sales of porphyry, quartzite, basalt, sandstone, flagstone, onyx, serpentine, soapstone, travertine, and dolomitic limestone. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Natural stone is an organic rock that is mined (quarried) from the earth’s surface and is hard and strong enough to be used for building or decorative purposes. Silica is the primary mineral component of natural stone.

Asia Pacific was the largest region in the natural stone market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the natural stone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The main types of natural stones are marble, granite, limestone, and others. Marble refers to the metamorphic rock composed of calcite and dolomite. It is formed by the metamorphism of limestone and is commonly found in mountainous regions. Marble is used to enhance the aesthetic look of home décor and is commonly used in flooring, countertops, fireplace facing, windowsills, wall claddings, table tops, and other decoration applications. The different construction types include new construction and renovation. The natural stones are distributed through online channel and offline channel and applied in flooring, memorial arts, wall cladding, and other applications.

The increase in the number of constructions projects is driving the growth of the natural stones market. The construction sector refers to the organizations that deals with creating, maintaining, and repairing infrastructures. Natural stones in construction projects provide permanent natural building materials than other natural building materials, used in flooring, roofing, masonry, paving roads, and as aggregates for concrete. Additionally, natural stones are highly preferred in heavy engineering such as bridges, harbor walls, sea-side walls, ballast for railways, the foundation works, and others due to their strength, durability, and weather-resistance properties. For instance, according to a report released in June 2021 by Canada's national statistical office, the investment in building construction rose from $14294 million in April 2019 to $19273 million in 2020. Therefore, the increase in the number of construction projects in the infrastructure sector is expected to propel the growth of the natural stones market going in the coming years.

Technological advancement is the key trend that is gaining popularity in the natural stones market going forward. Major companies operating in the natural stones sector are focused on technological advancements to strengthen their position. For instance, in January 2022, Häfele GmbH & Co KG, a Germany-based manufacturer, and supplier of furniture fittings and architectural hardware, introduced Dekton, a commercial surface that incorporates components of metamorphic rocks, sand, soil, and even marine surfaces. It uses super compacting technology to recreate and reimagine these characteristics as natural stone. Dekton surfaces provide higher resistance to abrasion and ultraviolet (UV) light which prevents them from fading or degrading over time and makes them an ideal surface for high-traffic areas and outdoors.

In October 2019, Polycor Inc, a Canada-based natural stones manufacturer acquired Elliott Stone Company Inc for an undisclosed amount. Through this acquisition, Polycor Inc aims to expand its ability in delivering a comprehensive offering of natural stone building products for the hardscapes and masonry industry. Elliott Stone Company Inc is a US-based natural stones quarrier and fabricator.

The countries covered in the natural stone market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The natural stone market research report is one of a series of new reports that provides natural stone market statistics, including natural stone industry global market size, regional shares, competitors with a natural stone market share, detailed natural stone market segments, market trends and opportunities, and any further data you may need to thrive in the natural stone industry. This natural stone market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.



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Frequently Asked Questions about the Global Natural Stone Market

What is the estimated value of the Global Natural Stone Market?

The Global Natural Stone Market was estimated to be valued at $30.49 billion in 2022.

What is the growth rate of the Global Natural Stone Market?

The growth rate of the Global Natural Stone Market is 5.6%, with an estimated value of $37.9 billion by 2026.

What is the forecasted size of the Global Natural Stone Market?

The Global Natural Stone Market is estimated to be worth $37.9 billion by 2026.

Who are the key companies in the Global Natural Stone Market?

Key companies in the Global Natural Stone Market include Aro Granite Industries Ltd., Dimpomar, Dermitzakis Bros S A, Levantina y Asociados de Minerales S A, MARGRAF Spa, Mumal Marbles Pvt. Ltd., Polycor Inc., Temmer Marble and Xishi Stone Group.

Table of Contents

1. Executive Summary2. Natural Stone Market Characteristics3. Natural Stone Market Trends And Strategies
4. Natural Stone Market - Macro Economic Scenario
4.1. COVID-19 Impact On Natural Stone Market
4.2. Ukraine-Russia War Impact On Natural Stone Market
4.3. Impact Of High Inflation On Natural Stone Market
5. Natural Stone Market Size And Growth
5.1. Global Natural Stone Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Natural Stone Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Natural Stone Market Segmentation
6.1. Global Natural Stone Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Marble
  • Granite
  • Limestone
  • Other Types
6.2. Global Natural Stone Market, Segmentation By Construction Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • New Construction
  • Renovation
6.3. Global Natural Stone Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Online Channel
  • Offline Channel
6.4. Global Natural Stone Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Flooring
  • Memorial Arts
  • Wall Cladding
  • Other Applications
7. Natural Stone Market Regional And Country Analysis
7.1. Global Natural Stone Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Natural Stone Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Natural Stone Market
8.1. Asia-Pacific Natural Stone Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Natural Stone Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Natural Stone Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Natural Stone Market
9.1. China Natural Stone Market Overview
9.2. China Natural Stone Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Natural Stone Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Natural Stone Market
10.1. India Natural Stone Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Natural Stone Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Natural Stone Market
11.1. Japan Natural Stone Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Natural Stone Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Natural Stone Market
12.1. Australia Natural Stone Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Natural Stone Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Natural Stone Market
13.1. Indonesia Natural Stone Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Natural Stone Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Natural Stone Market
14.1. South Korea Natural Stone Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Natural Stone Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Natural Stone Market
15.1. Western Europe Natural Stone Market Overview
15.2. Western Europe Natural Stone Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Natural Stone Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Natural Stone Market
16.1. UK Natural Stone Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Natural Stone Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Natural Stone Market
17.1. Germany Natural Stone Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Natural Stone Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Natural Stone Market
18.1. France Natural Stone Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.2. France Natural Stone Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Natural Stone Market
19.1. Eastern Europe Natural Stone Market Overview
19.2. Eastern Europe Natural Stone Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Natural Stone Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Natural Stone Market
20.1. Russia Natural Stone Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Natural Stone Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Natural Stone Market
21.1. North America Natural Stone Market Overview
21.2. North America Natural Stone Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Natural Stone Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Natural Stone Market
22.1. USA Natural Stone Market Overview
22.2. USA Natural Stone Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Natural Stone Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Natural Stone Market
23.1. South America Natural Stone Market Overview
23.2. South America Natural Stone Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Natural Stone Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Natural Stone Market
24.1. Brazil Natural Stone Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Natural Stone Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Natural Stone Market
25.1. Middle East Natural Stone Market Overview
25.2. Middle East Natural Stone Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Natural Stone Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Natural Stone Market
26.1. Africa Natural Stone Market Overview
26.2. Africa Natural Stone Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Natural Stone Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Natural Stone Market Competitive Landscape And Company Profiles
27.1. Natural Stone Market Competitive Landscape
27.2. Natural Stone Market Company Profiles
27.2.1. Aro Granite Industries Ltd
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Dimpomar
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Dermitzakis Bros S A
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Levantina y Asociados de Minerales S A
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. MARGRAF Spa
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Natural Stone Market29. Natural Stone Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. The Business Research Company
30.6. Copyright And Disclaimer

Executive Summary

Natural Stone Global Market Report 2022: Ukraine-Russia War Impact provides the strategists, marketers and senior management with the critical information they need to assess the global natural stone market.

This report focuses on natural stone market which is experiencing strong growth. The report gives a guide to the natural stone market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Assessment of Russia - War Impact on agriculture, energy and mineral commodities supply and their direct and indirect impact on the market analyzed in the report.
  • Impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the natural stone? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Natural Stone market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider natural stone market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Our forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of covid 19 on supply chains and consumption patterns.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The natural stone market section of the report gives context. It compares the natural stone market with other segments of the natural stone market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, natural stone indicators comparison.

Scope

Markets Covered:

1) By Type: Marble; Granite; Limestone; Other Types
2) By Construction Type: New Construction; Renovation
3) By Distribution Channel: Online Channel; Offline Channel
4) By Application: Flooring; Memorial Arts; Wall Cladding; Other Applications

Companies Mentioned: Aro Granite Industries Ltd.; Dimpomar; Dermitzakis Bros S A; Levantina y Asociados de Minerales S A; MARGRAF Spa

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Aro Granite Industries Ltd.
  • Dimpomar
  • Dermitzakis Bros S A
  • Levantina y Asociados de Minerales S A
  • MARGRAF Spa
  • Mumal Marbles Pvt. Ltd.
  • Polycor Inc.
  • Temmer Marble
  • Topalidis S A
  • Xishi Stone Group
  • Antolini Luigi & C S p a
  • Ranamar Marble
  • Amso International s a s
  • Dongxing Group
  • Vetter Stone
  • Southland Stone USA Inc.
  • CUPA Group
  • Pakistan Onyx Marble
  • Ahjar Sinai.

Methodology

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