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Report Overview
The global natural stone and marble market reached a value of around USD 51.56 Billion in 2024. During the forecast period of between 2025 and 2034, the market is expected to grow at a CAGR of 3.90% to reach around USD 75.59 Billion by 2034.
2024
Base Year
2018-2024
Historical Period
2025-2034
Forecast Period
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Limestone formations host approximately 30% of the world’s petroleum reservoirs, where countries like China, India, and Brazil supply around two-thirds of the granite used globally.
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India had 47 mines that produced limestone in 2019-2020, with a total output of 7,187 million metric tonnes, whereas the state of Rajasthan reported a sandstone production of about 274.50 lakh tonnes in 2019-20.
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As per industry reports, in 2020, United States was the world's top producer of industrial sand and gravel, producing around 130 million metric tonnes.
Natural Stone and Marble Market Analysis by Region
Asia Pacific leads the market due to its abundance of natural resources and low labour costs
Asia Pacific is expected to hold a sizable natural stone and marble market share due to the rapid infrastructure development in emerging economies such as China, India, Indonesia, and Vietnam. The region also has abundant natural resources and low labour costs, which attract foreign investments and boost the production and export of natural stone and marble.
India is one of the world's leading producers of raw stone materials with exceptional quality, affordable costs, and cutting-edge technologies for stone quarrying and processing. Meanwhile, the Europe natural stone and marble market is driven by the high demand for natural stone and marble in historical and cultural heritage preservation, luxury and design-oriented projects, and green building initiatives. The region also has expertise in natural stone and marble production and processing, which gives it a competitive edge in the global market.
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 2024, 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 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to USD 75.59 Billion by 2034.
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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