Natural Stone Market

Natural stones are the products quarried from the earth and are used over thousands of years for building materials or decorative enhancements. The natural stones include Limestone, Granite, Marble, and Others. They are not just rocks; natural stones are the hand-selected piece of stone and are considered as the most consistent source of durability and beauty. Products of natural stones differ in color, composition, and texture even though the pieces are from the same source.

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Rising demand for natural stone in the emerging economies, the increasing popularity of the outdoor entertaining areas, rapid urbanization, and the growing rate of building renovation and remodeling are some of the key factors driving the growth of the global natural stone market. Construction continues to shape the daily life of individuals in multiple unique ways. Along with time, individuals have started focusing on enhancing the quality of construction and quality of materials used in order to have a healthy indoor environment and for increasing sustainability. As per the emerging trends and advancements in the construction industry, businesses and people are increasingly renovating or remodeling their offices and homes, respectively. Renovation in homes helps in improving style, secure safety issues, enhances, and beautify home value. On other hand, office renovation boosts the employee’s productivity, reduce operational & management costs, safeguard employees, and helps in attracting clients. The increasing number of renovation or remodeling, demand for natural stone is increasing due to its multiple benefits offered by natural stones in the construction sector, such as low-maintenance, higher durability and resistance, reduced environmental impact, and has multiple colors and textures which makes it varied and unique. Moreover, natural stones retain their natural beauty and have a long lifespan, which further attracts individuals to opt for natural stones in renovation and remodeling. However, the increasing focus toward more green and eco-friendly materials might act as a challenge in the growth of the market.

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Based on type, the market is segmented into marble, granite, limestone, and others. Among these, marble segment is expected to lead the market during the forecast period. This is attributed to the multiple advantages offered by marble stones, such as heat resistance, durability, unique appearance, and high affordability. The combination of these features is increasing its demand in developing countries, which further drives the growth of the segment.

On the basis of application, the market is segmented into flooring, memorial arts, wall cladding, and others. Among these, the flooring segment is expected to observe a higher CAGR during the forecast period. Flooring with natural stones protects moisture and rains, coupled with low-maintenance, and lasts for a longer time span. It is adaptable and can be installed in any type of environment, which increases the demand for natural stones in flooring. On the other hand, wall cladding segment is predicted to dominate the market during the forecast period. The natural stone wall cladding does not take longer installation time, is highly durable and resistant to moisture and heat, and provides a higher resell value to the houses, which will attract numerous consumers to opt for natural stones in the wall cladding application.

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On the basis of region, Asia-Pacific is projected to register a higher CAGR during the forecast period. This is attributed to the increasing urbanization and the growing population in countries such as India, China, Malaysia, and Indonesia. All these factors will surge the demand for construction, renovation, or remodeling, which accelerates the growth of the natural stone market in the Asia-Pacific region.

The major players in the market include Aro Granite Industries Ltd., Dimpomar, Dermitzakis Bros S.A., Levantina y Asociados de Minerales, S.A., Margraf Spa, Mumal Marbles Pvt. Ltd, Polycor Inc., Temmer Marble, Topalidis S.A., and Xishi Group Ltd., among others.

The global natural stone market has been segmented on the basis of type, application, and region. Based on type, the market is segmented into marble, granite, limestone, and others. Based on the application, the market is segmented into flooring, memorial arts, wall cladding, and others. Based on the region, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World.

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Key questions answered in this research report:

• • At what pace is global natural stone market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in natural stone market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Natural Stone market?
  • Which type of natural stone generated maximum revenues in 2019 and identify the most promising type of natural stone during the forecast period?
  • What are the various application areas of global natural stone market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Natural Stone Market by Type

• • Marble
  • Granite
  • Limestone
  • Others

Global Natural Stone Market by Application

• • Flooring
  • Memorial arts
  • Wall Cladding
  • Others

Global Natural Stone Market by Region

• • North America Natural Stone Market (Option 1: As a part of the free 25% customization)
    • North America Natural Stone Market by Type
    • North America Natural Stone Market by Application
    • US Natural Stone Market All-Up
    • Canada Natural Stone Market All-Up
  • Europe Natural Stone Market (Option 2: As a part of the free 25% customization)
    • Europe Natural Stone Market by Type
    • Europe Natural Stone Market by Application
    • UK Natural Stone Market All-Up
    • Germany Natural Stone Market All-Up
    • France Natural Stone Market All-Up
    • Spain Natural Stone Market All-Up
    • Rest of Europe Natural Stone Market All-Up
  • Asia-Pacific Natural Stone Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Natural Stone Market by Type
    • Asia-Pacific Natural Stone Market by Application
    • China Natural Stone Market All-Up
    • India Natural Stone Market All-Up
    • Japan Natural Stone Market All-Up
    • Rest of APAC Natural Stone Market All-Up
  • RoW Natural Stone Market (Option 4: As a part of the free 25% customization)
    • RoW Natural Stone Market by Type
    • RoW Natural Stone Market by Application
    • Brazil Natural Stone Market All-Up
    • South Africa Natural Stone Market All-Up
    • Saudi Arabia Natural Stone Market All-Up
    • UAE Natural Stone Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Natural Stone Market All-Up

Global Natural Stone Leading Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Aro Granite Industries Ltd.
  • Dimpomar
  • Dermitzakis Bros S.A.
  • Levantina y Asociados de Minerales, S.A.
  • Margraf Spa
  • Mumal Marbles Pvt. Ltd
  • Polycor Inc.
  • Temmer Marble
  • Topalidis S.A.
  • Xishi Group Ltd.