IMARC Group’s latest research report, titled “Natural Stone Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” the market reached a value of US$ 35.4 Billion in 2021. Looking forward, IMARC Group expects the global natural stone market to reach a value of US$ 45.7 Billion by 2027, exhibiting a CAGR of 4.20% during 2022-2027. Natural stones represent the earth-mined or organic items used as decorative objects and construction materials. Some of the commonly used variants include limestone, marble, granite, slate, quartzite, sandstone, laterite, basalt, etc. Natural stones are hand-selected pieces of stones that took millions of years to be formed by the combination of heat and pressure. They exhibit several advantageous properties, such as density, strength, color intensity, appearance, hardness, color blend, texture, structure, etc. In addition to this, natural stones are durable, environmental-friendly, easy to maintain, and available in various textures, shapes, colors, sizes, etc. Consequently, they find wide-ranging applications in wall cladding, flooring, countertops, backsplashes, sculptures, decorative items, roofing, bathtubs, swimming pools, etc.
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The expanding construction industry is primarily driving the natural stone market. Apart from this, the rising number of engineering, procurement and construction (EPC) projects across the globe is further catalyzing the market growth. Besides this, the growing adoption of natural stones, including granite and marble, for flooring purposes in porches, backyards, pavements, patios, etc., to improve their aesthetic appeal is acting as another significant growth-inducing factor. Moreover, the emerging trends of home renovation and remodeling are also positively influencing the global market. Apart from this, the introduction of product variants with modern designs imprinted on them is anticipated to fuel the natural stone market over the forecasted period.
Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by type, construction type, distribution channel and application.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Natural Stone Market
- Strategies of major players and product offerings
Key Players Included in Global Natural Stone Market Research Report:
- ARO Granite Industries Ltd.
- Dermitzakis Bros S.A
- Levantina y Asociados de Minerales S.A.
- Margraf SPA
- Mumal Marbles Pvt. Ltd.
- Polycor Inc.
- Ranamar Marble
- Temmer Marble
- Topalidis S.A.
- Xishi Group Ltd.
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Key Market Segmentation:
Breakup by Type:
Breakup by Construction Type:
- New Construction
Breakup by Distribution Channel:
Breakup by Application:
- Memorial Arts
- Wall Cladding
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
TOC for the Natural Stone Market Research Report:
- Scope and Methodology
- Executive Summary
- Global Natural Stone Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
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