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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Natural Stone and Marble Market Growth
Natural stone and marble are types of rocks that are formed by natural processes and can be used for various purposes such as construction, decoration, and sculpture. Natural stone includes granite, limestone, sandstone, slate, and travertine, while marble is a metamorphic rock composed of recrystallised carbonate minerals.
The global natural stone and marble market is expected to grow due to the increasing demand for these materials in various sectors such as residential, commercial, and industrial. Natural stone and marble are some of the most opulent materials for use in architecture and interior design. Natural stone materials are high in demand as they offer superior aesthetics, ornamental, and hydraulic-binding qualities.
Meanwhile, marble serves as a building component and for sculpture due to its great compressive strength. According to the statistics, growing demand for these materials in developing nations can be attributed to rapid urbanisation and industrialisation.
Natural Stone and Marble Market Report Snapshots
Natural Stone and Marble Market Size
Natural Stone and Marble Market Growth
Natural Stone and Marble Market Trends
Natural Stone and Marble Market Share
Natural Stone and Marble Manufacturers
Natural Stone and Marble Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the natural stone and marble market reached an approximate value of USD 51.56 billion.
The market is expected to grow at a CAGR of 3.90% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to USD 72.95 billion by 2032.
Natural stones are the consequence of millions of years' worth of geological changes and mineral compositions. The Earth's surface is mined for these materials, which are then employed for a range of tasks.
The major drivers of the market include rapid urbanisation and industrialisation, growth in renovation activities, escalating demand for natural stone in memorial applications, and the presence of vast and high-quality marble quarries.
Key trends aiding market expansion include the growing demand for natural stones and marble for decorative purposes in luxury buildings, home remodelling and the expanding building and construction industry.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Based on product, the market is divided into granite, limestone, sandstone, slate, and marble, among others.
The market based on application can be segmented into monumental and building and construction, among others.
Key players in the market are Antolini Luigi & C. S.p.a., Dermitzakis Bros S.A, Margraf SPA, Levantina y Asociados de Minerales, S.A., Ranamar Marble, and Polycor Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124