The global natural stone market size was valued at $33,776.3 million in 2020, and is projected to reach $57,606.3 million by 2032, registering a CAGR of 4.4%. 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 2021, the Federal Government of Canada planned to invest around $180 billion for a 12-year period to improve the new infrastructure development. Moreover, the 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 growing at a rate of over 1.5% from 2020 to 2022. However, an increase in emphasis on the 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 a 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. By type, the market is categorized into marble, granite, limestone, and others. The granite segment dominated the market in 2020. On the basis of application, it is segmented into flooring, memorial arts, wall cladding, and others. The flooring segment accounted for a major market share in 2020. As per construction type, the market is categorized into new construction and renovation. The renovation segment is expected to grow at the 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 major players that operate in the global market have adopted key strategies such as product launches and product development to strengthen their market outreach and sustain the stiff competition in the market.
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 2021, the Federal Government of Canada planned to invest around $180 billion for a 12-year period to improve the new infrastructure development. Moreover, the 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 growing at a rate of over 1.5% from 2020 to 2022. However, an increase in emphasis on the 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 a 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. By type, the market is categorized into marble, granite, limestone, and others. The granite segment dominated the market in 2020. On the basis of application, it is segmented into flooring, memorial arts, wall cladding, and others. The flooring segment accounted for a major market share in 2020. As per construction type, the market is categorized into new construction and renovation. The renovation segment is expected to grow at the 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 major players that operate in the global market have adopted key strategies such as product launches and product development to strengthen their market outreach and sustain the stiff competition in the market.
Competition Analysis
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.Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the natural stone market analysis from 2020 to 2032 to identify the prevailing natural stone market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the natural stone market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global natural stone market trends, key players, market segments, application areas, and market growth strategies.
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- Installed Base analysis
- Product Life Cycles
- Go To Market Strategy
- Market share analysis of players by products/segments
- New Product Development/Product Matrix of Key Players
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Average Selling Price Analysis/Price Point Analysis
- Brands Share Analysis
- Criss-cross segment analysis- market size and forecast
- Expanded list for Company Profiles
- Historic market data
- Import Export Analysis/Data
- Key player details (including location, contact details, supplier/vendor network etc. in excel format)
- List of customers/consumers/raw material suppliers- value chain analysis
- Market share analysis of players at global/region/country level
- Per Capita Consumption Trends
- Product Consumption Analysis
- Reimbursement Scenario
- SWOT Analysis
- Volume Market Size and Forecast
Key Market Segments
By Type
- Marble
- Granite
- Limestone
- Others
By Application
- Flooring
- Memorial Arts
- Wall Cladding
- Others
By Construction Type
- New construction
- Renovation
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Rest of Asia-Pacific
- Aro Granite Industries Ltd.
- Polycor Inc.
- Dimpomar
- Dermitzakis Bros S.A.
- Mumal Marbles Pvt. Ltd.
- TOPALIDIS S.A.
- XISHI GROUP LTD.
- Levantina Y Asociados de Minerales, S.A.
- MARGRAF
- Temmer Mermer Madencilik ?n?aat Sanayi ve Ticaret A.?.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: NATURAL STONE MARKET, BY TYPE
CHAPTER 5: NATURAL STONE MARKET, BY APPLICATION
CHAPTER 6: NATURAL STONE MARKET, BY CONSTRUCTION TYPE
CHAPTER 7: NATURAL STONE MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- Aro Granite Industries Ltd.
- Polycor Inc.
- Dimpomar
- Dermitzakis Bros S.A.
- Mumal Marbles Pvt. Ltd.
- TOPALIDIS S.A.
- XISHI GROUP LTD.
- Levantina Y Asociados de Minerales, S.A.
- MARGRAF
- Temmer Mermer Madencilik ?n?aat Sanayi ve Ticaret A.?.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 269 |
| Published | November 2023 |
| Forecast Period | 2020 - 2032 |
| Estimated Market Value ( USD | $ 33776.3 million |
| Forecasted Market Value ( USD | $ 57606.3 million |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
