Global Granite Market Report and Forecast 2024-2032

Global Granite Market Outlook

The global granite market size is projected to grow at a CAGR of 5.2% between 2024 and 2032. The market is being driven by the robust growth of the construction sector in both developing and developed countries.

Key Trends in the Global Granite Market

Granite refers to an intrusive igneous rock formed by the cooling of molten magma inside the earth. This material is rich in quartz and feldspar and is recognised for its hardness, durability, and resistance to weathering, among other properties.

• Granite is a popular and highly preferred construction material witnessing a heightened demand across the building and construction sector. It improves the structural integrity of washrooms and kitchens and provides them with a sophisticated appeal.

• Granite has been traditionally used in monuments, bridges, staircases, and sculptures, among others. It also posits various favourable properties, including toughness, scratch resistance, durability, and aesthetic appearance. In this regard, rising investments towards modern architecture and infrastructural development are crucial granite market trends.

• An increase in the demand for granite in the commercial construction sector to facilitate innovations in the patterns and increase the aesthetics of interiors of structures is further bolstering the market growth.

Global Granite Market Analysis

Based on product, the granite market segmentations include granite slabs, and granite tiles, among others. On the basis of application, the market is classified into kitchen counterparts, flooring, stair treads, and monuments, among others. The major regional markets for granite include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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. The report gives a detailed analysis of the key players in the global granite market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Marcolini Marmi S.p.A

• Levantina y Asociados de Minerales, S.A.

• George Home Group Inc.

• Arizona Tile, L.L.C.

• AbleGroup Berhad

• LandFord Stone Ltd.

• AG Marble & Granite

• Temmer Marble

• Amarestone

• MDY

• Others

Global Granite Market Share by Product

Granite tiles account for a significant portion of the granite market share. This can be attributed to the increasing demand for granite tiles to produce granite floorings. Granite tiles provide resistance to moisture, have anti-stain properties, and boast high aesthetic appeal. Hence, their increasing demand in the residential and commercial sectors is driving the granite market demand.

Moreover, granite tiles are available in different colour variants, enhance the property’s value, and are moisture and water-resistant, which is further bolstering the growth of this segment.

Global Granite Market Share by Region

According to the granite market analysis, the Asia Pacific holds a decent share of the market. China is one of the largest producers of granite while emerging economies like India are home to well-established granite manufacturing firms. The availability of low-cost and highly skilled labour, coupled with rising standards of living, is driving the demand for granite in infrastructure development activities in the region.

Competitive Landscape

Marcolini Marmi S.p.A is a company which manufactures high-quality unique products such as marble, granite, onyx, and stone, among others. It was founded in 1960 and is headquartered in Grezzana, Italy.

Levantina y Asociados de Minerales, S.A. is a building materials supplier, which offers products such as granite, limestone, sandstone, and marble, among others. It was established in 1959 and is headquartered in Costa Blanca, Spain.

Arizona Tile, L.L.C is a company which offers products for home construction. Its product range is diverse, including tiles to stones made up of unique materials like granite and ceramic, among others. The company was founded in 1977 and is headquartered in Arizona, the United States.

Other granite market players include George Home Group Inc., AbleGroup Berhad, LandFord Stone Ltd., AG Marble & Granite, Temmer Marble, Amarestone, and MDY, among others.

Key Highlights of the Report