What is the global market size of Natural Stone And Marble Market?

Global Natural Stone and Marble Market was valued at USD 48.80 billion in 2021, and it is expected to reach a value of USD 64.2 billion by 2028, at a CAGR of more than 4% over the forecast period (2022-2028). Read More

Global Natural Stone And Marble Market Size, Share, Growth Analysis, By Product type(Granite, Limestone), By Application(Building, Constructions) - Industry Forecast 2024-2031

Report ID: SQSG20B2005 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 73 | Figures: 75

Global Natural Stone And Marble Market Insights

Global Natural Stone And Marble Market size was valued at USD 34092.41 million in 2019 and is poised to grow from USD 35456.11 million in 2023 to USD 48524.13 million by 2031, growing at a CAGR of 4% in the forecast period (2024-2031).

Natural stone is a luxury material that may be used in construction and interior design. Marble is a metamorphic rock made up of recrystallized carbonate minerals like calcite and dolomite. It's popular for sculpting and as a construction material. Because of its great compressive strength, marble is used in a variety of industries. Natural stone has excellent aesthetic, ornamental, and hydraulic binding characteristics. Marble is widely used in building and construction operations. Light is reflected by marble. This contributes to better aesthetics and lower energy costs. Quarries require skilled labourers to excavate natural stones.

Natural beauty and durability are the primary motivators for natural stone and marble adoption in the worldwide building market. Companies that supply natural stones are thinking about expanding their manufacturing capacity to meet future demands. The developed countries of Europe and North America lead the market, but Asia Pacific now dominates it. A development of the building industry as a result of increasing investment in the housing sector and increased construction spending in various nations such as the United States, Japan, India, and others, fuels the growth of the natural stone and marbles market. Furthermore, rising urban population is predicted to increase demand for natural stones for flooring and wall adding applications, propelling the worldwide market forward. However, recent climatic changes caused by global warming and resource exploitation have led to the introduction of severe policies aimed at optimizing natural resource usage and lowering global emissions.

US Natural Stone And Marble Market is poised to grow at a sustainable CAGR for the next forecast year.

Global Natural Stone And Marble Market Report Snapshots

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Leading operating players are concentrating on acquiring local suppliers and increasing production capacity. Because natural stone supplies are unevenly distributed across the world, the global market is highly fragmented. Natural stone deposits are abundant in Turkey, Brazil, India, China, and Italy. The cost of the product is determined by the quality of the reserve and stone. Furthermore, contemporary technologies improve the manufacture of high-quality goods. Producers in these important nations are rapidly boosting their capacity by investing in quarrying technologies and equipment, purchasing small-scaled stone enterprises to increase their market position, and promoting their goods through social media platforms. 'Levantina y Asociados de Minerales, S.A.', 'Polycor Inc.', 'Vetter Stone Company', 'Cosentino S.A.', 'Laticrete International, Inc.', 'Indiana Limestone Company, Inc.', 'Delta Stone Products, Inc.', 'Dimpomar, Rochas Portuguesas, Lda.', 'Hanwha L&C Corporation', 'Hilltop Granites', 'Pokarna Limited', 'The Stone Quarry of Jupiter, Inc.', 'Duracite, Inc.', 'Rock Solid Granite & Marble, Inc.', 'Universal Marble & Granite Group Ltd.', 'USA Marble LLC', 'Caesarstone Ltd.', 'AGM Imports', 'Marble of the World', 'Granitex Corp.'

Natural stone products are more durable than imitation stone products and can last for decades with little maintenance. These stones can also be found in bathrooms, kitchens, and other public areas. The growing popularity of stone wall claddings among homeowners has also aided the growth of the Global Natural Stone and Marble Market.

Natural building materials are gaining popularity as the construction industry strives for more sustainability. Customers are ready to pay a premium for the natural and long-lasting appearance of real stone and marble. Premium buyers are also increasing their desire for pricey natural stones such as White Statuario marble. These items are commonly utilised for ornamental purposes in high-end constructions, home remodelling, and restoration projects. The market demands for the vibrant colours and vein patterns. Due to the tremendous popularity of these stones, demand is expected to remain robust during the projected period. Furthermore, many clients like the colour white. Natural stone and marble exterior residential uses are therefore on the rise.

In 2021, the Asia Pacific dominated the global market. China has the largest regional market share, owing to increased demand from the building industry, followed by India. China and India are the world's biggest producers of natural stones. China and India jointly accounted for more than 40% of worldwide natural stone output. These countries export a considerable portion of their products to all major consuming countries. Japan, South Korea, and Southeast Asia are all making substantial contributions to the expansion of the Global Natural Stone and Marble Market. Because of Western culture's growing emphasis on emerging countries, demand for natural stones.

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Global Natural Stone And Marble Market Size, Share, Growth Analysis, By Product type(Granite, Limestone), By Application(Building, Constructions) - Industry Forecast 2024-2031

Global Natural Stone And Marble Market Insights

Global Natural Stone And Marble Market Report Snapshots

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