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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Natural Stone and Marble Market Share
Granites are high in demand due to its durability, water resistance, and environmental benefits
Granite is a type of natural stone that is widely used for flooring, countertops, monuments, and sculptures. It is demanded for its durability, resistance to heat and water, and variety of colors and patterns. Granite is also preferred for its environmental benefits, as it reduces the emission of carbon dioxide and other greenhouse gases. One of the most famous granite monuments in the world is Mount Rushmore in South Dakota, United States, which rises to an impressive 5,725 feet above the ground.
Limestone is another type of natural stone commonly used for building materials, such as cement, lime, and aggregates. It is also used for soil stabilisation, road construction, landscaping, and as a raw material for various industries, such as iron and steel, paper, and glass. Limestone is also valued for its versatility and availability, as it can be found in different forms and grades. The growth of these segments is driven by the increasing construction activities, especially in emerging economies like China and India, where urbanisation and industrialisation are accelerating.
Building and construction segment holds a significant market share due to rising infrastructural development globally
Building and construction segment includes the use of natural stone and marble for various purposes in the building and construction industry, such as flooring, wall cladding, countertops, roofing, landscaping, and paving. According to the Global Stone Congress, the global consumption of natural stone and marble for building and construction was estimated at 152 million tons in 2019. The demand for this segment is further driven by the increasing preference for natural and eco-friendly materials in developed markets.
As per natural stone and marble market analysis, monumental segment includes the use of natural stone and marble for sculptures, memorials, statues, and other decorative items. According to the World Monument Fund , there are over 800 monuments around the world that are made of or feature natural stone and marble, such as the Taj Mahal, the Lincoln Memorial, and the Statue of Liberty. The demand for this segment is driven by the cultural and historical significance of these monuments and the aesthetic appeal and durability of natural stone and marble.
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