Dublin, Feb. 18, 2022 (GLOBE NEWSWIRE) -- The "Natural Stone Market: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.
The global natural stone market size was valued at $33,375.3 million in 2020, and is projected to reach $50,465.1 million by 2030, registering a CAGR of 4.0%.
Natural stone is one of the most sustainable, eco-friendly, and non-toxic building materials. Hence, it is the first choice as a building material for people opting for green materials. It is a mountain-acquired substance, and includes common stones such as sandstone, granite, travertine, limestone, Onyx, slate, adoquin, marble, slate, and others. It is available in a wide range of colors and sizes with different physical and chemical properties. The natural stone is one of the essential building materials utilized for construction of dams, abutments, arches, walls, and other structures. As the name suggests, they are naturally available through mining and underground quarrying. Natural stones are widely used in institutional buildings, and monumental buildings. In addition, they are used as aggregates for concrete and rubble masonry works for canal walls and bridge piers.
Rapid urbanization and surge in adoption of natural stones for indoor flooring in building structures such as temples, luxurious houses, government buildings, and schools drive the growth of the market. In addition, rise in consciousness toward exterior entertainment area and propensity to spend on home remodeling boost the growth of the global natural stone market. Besides, rise in government spending on new construction and renovation activities globally, fuels the growth of the global natural stone market.
For instance, in August 2019, the Federal Government of Canada planned to invest around $180 billion for new infrastructure development. Moreover, rise in disposable income of people in developing countries such as India, Brazil, Africa, and others, leads to increased spending on renovation activities, which drive the growth of the global natural stone market. For instance, the disposable income of South Africa is expected to grow at a rate of over 1.5% from 2020 to 2022. However, increase in emphasis toward utilization of green and eco-friendly materials hamper the market growth. On the other hand, developing economies in Asia-Pacific and LAMEA continue to offer lucrative growth opportunities for natural stone producers, due to surge in investments in residential construction activities in these regions.
The natural stone market is segmented on the basis of type, application, construction type, and region. On the basis of type, the market is segregated into marble, granite, limestone, and others. The granite segment dominated the market in 2020. The applications covered in the market include flooring, memorial arts, wall cladding, and others. The flooring segment held a major market share in 2020. Based on construction type, the market is bifurcated into new construction and renovation. Renovation segment is expected to grow at a highest rate during the study period. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific region dominated the market in 2020.
The key players profiled in the natural stone market report include Aro Granite Industries Ltd., Dimpomar, Dermitzakis Bros S.A., Levantina y Asociados de Minerales, S.A., MARGRAF, Mumal Marble, Polycor Inc., Temmer Marble, Topalidis, and Xishi Stone Group. The major players operating in the global natural stone market have adopted key strategies such as business expansion and acquisition, to strengthen their market outreach and sustain the stiff competition in the market.
Key Benefits
- The report provides an extensive analysis of the current and emerging global natural stone market trends and dynamics.
- In-depth market analysis is conducted by global natural stone market estimations for the key market segments between 2020 and 2030.
- Extensive analysis of the global natural stone market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The global natural stone market forecast analysis from 2021 to 2030 is included in the report.
- The key market players within market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global natural stone market.
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Porter's five forces analysis
3.4. Key player positioning, 2020
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Increase in spending on home remodeling and retrofitting activities
3.5.1.2. Rise in popularity of outdoor entertaining area among wall cladding end users
3.5.1.3. Rapid urbanization in emerging economies
3.5.1.4. Growth in construction sector
3.5.2. Restraints
3.5.2.1. Fluctuations in foreign currencies
3.5.2.2. Increase in emphasis toward utilization of artificial materials
3.5.3. Opportunity
3.5.3.1. Increase in government and private investments in infrastructure sector
3.6. COVID-19 Impact Analysis
CHAPTER 4: NATURAL STONE MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast, by type
4.2. Marble
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis by country
4.3. Granite
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis by country
4.4. Limestone
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis by country
4.5. Others
4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis by country
CHAPTER 5: NATURAL STONE MARKET, BY APPLICATION
5.1. Overview
5.1.1. Market size and forecast, by application
5.2. Flooring
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis by country
5.3. Memorial arts
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis by country
5.4. Wall cladding
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis by country
5.5. Others
5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis by country
CHAPTER 6: NATURAL STONE MARKET, BY CONSTRUCTION TYPE
6.1. Overview
6.1.1. Market size and forecast, by construction type
6.2. New construction
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis by country
6.3. Renovation
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis by country
CHAPTER 7: NATURAL STONE MARKET, BY REGION
CHAPTER 8: COMPANY PROFILES
8.1. ARO GRANITE INDUSTRIES LTD.
8.1.1. Company overview
8.1.2. Key executives
8.1.3. Company snapshot
8.1.4. Operating business segments
8.1.5. Product portfolio
8.1.6. Business performance
8.2. DIMPOMAR
8.2.1. Company overview
8.2.2. Key executives
8.2.3. Company snapshot
8.2.4. Product portfolio
8.3. DERMITZAKIS BROS S.A.
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Product portfolio
8.4. LEVANTINA Y ASOCIADOS DE MINERALES, S.A.
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Product portfolio
8.5. MARGRAF S.P.A.
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Product portfolio
8.6. MUMAL MARBLES PVT. LTD.
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Product portfolio
8.7. POLYCOR INC.
8.7.1. Company overview
8.7.2. Key executives
8.7.3. Company snapshot
8.7.4. Product portfolio
8.7.5. Key strategic moves and developments
8.8. XISHI GROUP DEVELOPMENT CO., LTD.
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Product portfolio
8.9. TOPALIDIS S.A.- MARBLE & GRANITE
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Product portfolio
8.10. TEMMER MERMER MADENCILIK INSAAT SANAYI VE TICARET A.S.
8.10.1. Company overview
8.10.2. Key executives
8.10.3. Company snapshot
8.10.4. Product portfolio
For more information about this report visit https://www.researchandmarkets.com/r/e89zni
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