Global Construction Stones Market Report and Forecast 2024-2032

Global Construction Stones Market Outlook

The global construction stones market is expected to grow at a CAGR of around 9% in the forecast period 2024-2032.

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The Global Market for Construction Stones to be Bolstered by the Growth in the Granite Sector

Granite is the leading type of natural stone in the market, produced majorly by countries like Brazil, India, China, Spain, and Saudi Arabia. Developing countries China, India, and Brazil, together accounted for a significant proportion of the global production of granite and export a significant volume of granite to the United States, which is one of the largest consumer markets. Italy is also one of the rich sources of good textured marble deposits, whereas China is the leading producer of marble quantitatively.

Rising Construction Activities in the Asia Pacific to Aid the Market Growth of Construction Stones

The growth of the market is majorly being driven by the growing construction market, especially in the Asia Pacific region. The region is witnessing increased construction activities due to the growing infrastructure sector and the rising disposable incomes of the consumers. The construction industry in the region is also boosted by the rising urbanisation.

Construction Stones: Perineal Care: Market Segmentation

Construction stones are the stones that are used in making buildings or other constructions. Many types of construction stones are available in the market, like basalt, limestone, quartzite, sandstone, travertine, slate, marble, gneiss, laterite and granite. These stones used for construction purposes are strong, robust, hard, and free from weathered soft patches of rock, cracks, and other flaws that are responsible for reducing strength and durability.

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The types of construction stones can be divided into:

• Construction Aggregates
• Natural Stones
  • Marble
  • Granite
  • Limestone
  • Others

It finds its applications in the following segments:

• Residential 
• Commercial
• Public Infrastructure 
• Others

The regional markets for construction stones include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Growth in Non-Residential Construction to Propel the Market Growth of Construction Stones

The industry is being driven by the rising construction as well as infrastructure industries. The construction industry is being aided by the increasing disposable incomes of consumers, especially in developing countries like China and India. The increasing urbanisation in these regions is driving the market growth further. The rising demand for residential, commercial, as well as public infrastructure, is also providing further impetus to the market growth.

Non-residential construction activities like the construction of offices, lodgings, and public safety sectors in many regions, especially North America, are driving the demand growth in the market. In the Asia Pacific region, the construction sector is going to be boosted by the growing demand for infrastructure, especially for healthcare facilities and hospitals. Factors including government initiatives and programs and FDI investments, among others, would propel the market growth of the non-residential sector further, thus, aiding the growth of the construction stones industry. The Asia Pacific region is also driving the global market growth due to rising urbanisation as well as the increased purchasing power of the consumers. The construction stones industry is further being boosted by product differentiation and their durability. The changing preferences of consumers from other construction materials to natural stones is also a major growth driving factor, increasing the demand for construction stones across regions.

Key Industry Players in the Global Construction Stones Market

The report gives a detailed analysis of the following key players in the global construction stones market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• JSC Stone & ALPS Stone
• Levantina y Asociados de Minerales, S.A.
• Benchmark Building Supplies Limited
• Xiamen Yeyang Stone Group
• Precision Countertops, Inc.
• Regatta Universal Exports
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report