According to IMARC Group's latest research report, titled "Natural Stone Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights into the natural stone market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global natural stone market growth reached a value of US$ 35.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 45.7 Billion by 2027, exhibiting a CAGR of 4.20% during 2022-2027.
Natural Stone Market Outlook:
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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Natural Stone Market Growth:
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.
Key Market Segmentation:
Competitive Landscape:
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.
Xishi Group Ltd.
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)
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)
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