Insights Into The Natural Stone Market’s Growth Opportunities Through 2023-2032 – Includes Natural Stone Market Analysis
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The increase in the number of constructions projects are expected to drive innovation in natural stone manufacturing, thus driving the market during the forecast period.
The global natural stone market is expected to grow from $31.43 billion in 2022 to $33.57 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The natural stone market size is expected to grow to $41.91 billion in 2027 at a CAGR of 5.7%.
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Global Natural Stone Market Segments Include:
- By Type:Marble, Granite, Limestone, Other Types
- By Construction Type:New Construction, Renovation
- By Distribution Channel:Online Channel, Offline Channel
- By Application:Flooring, Memorial Arts, Wall Cladding, Other Applications
- By Geography:The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global natural stone market in 2021.
Major Market Players in the 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.
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.
The Natural Stone Global Market Report 2023 provides a natural stone market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The natural stone market forecast analyzes natural stone market size, natural stone market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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.
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