Global Natural Stone Market Report and Forecast 2024-2032

Global Natural Stone Market Outlook

The global natural stone market size reached a value of approximately USD 51.56 billion in 2023. The market is further expected to grow at a CAGR of 3.90% between 2024 and 2032, reaching a value of USD 72.95 billion by 2032.

Key Trends in the Market

Natural stones are organic rocks that are extracted from the earth for use as building materials and for decorative purposes. There are different types of natural stones which are made from different mineral compositions and have unique properties. In general, natural stone is considered durable, hard, and aesthetically appealing.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

• The growth of the market for natural stones is likely to be supported by the thriving construction industry and increasing renovation projects worldwide. Natural stones provide a distinct appeal due to their colour and textures due to which more customers are inclining towards them.

• Increasing use of natural stone in residential and commercial sectors is also driving the natural stone market. Due to growing disposable income among customers, the demand for designer and artistic designs for interiors using natural stones are bolstering the market for natural stones.

• Rising use of natural stones such as marble and granite in the manufacturing of kitchen countertops is a key trend in the natural stone market. These stones offer improved durability and steadiness for kitchen countertops while also being visually appealing.

Market Analysis

Based on type, the market is segmented into marble, granite, and limestone, among others. On the basis of application, the market is divided into flooring, memorial arts, and wall cladding, among others. Based on construction type, the market is classified into new construction, and renovation, among others. The regional markets for natural stones are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

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 following key players in the global natural stone market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• ARO Granite Industries Ltd

• Dimpomar Rochas Portuguesas, LDA

• Dermitzakis Bros S. A.

• Levantina y Asociados de Minerales, S.A.

• Margraf SPA

• Mumal Marbles Pvt. Ltd.

• Polycor Inc.

• Xishi Group Development Co., Ltd.

• Topalidis S.A. Marble & Granite

• Temmer Marble

• Others

Market Share by Type

Granite accounts for a significant share of the natural stone market as it is a highly durable and hard natural stone which has the ability to withstand extreme heat. It is commonly used for floors and fireplaces and is known for its elegance and durability. Owing to granite’s strength and availability in multiple colours and patterns, it is increasingly used for flooring of backyards, pavements, porches, and other areas, as well as for wall cladding.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Market Share by Application

Flooring accounts for a sizable share of the natural stone market based on application due to the ability of natural stones to make floors which are durable and long lasting. The finished flooring made with natural stones can also look classic, luxurious, and provide a high-gloss finish.  Natural stone flooring is suited for kitchens, bathrooms, foyers, living rooms, hallways, and outdoor areas, with commonly used natural stones including marble, travertine, limestone, slate, and granite.

Competitive Landscape

ARO Granite Industries Ltd.  is an export-oriented company which is headquartered in Tamil Nadu, India and was founded in 1988. They provide different shades of the finest granites and quartzite; each of these stones are processed through cutting-edge technology.

Polycor Inc. is a natural stone quarrier which was founded in 1987 and is headquartered in Quebec, Canada. The company manufactures products likes slabs, raw blocks, tiles, green building supple, soapstone and hardscaping, among others.

Xishi Group Development Co,. Ltd. headquartered in Fujian, China, and founded in 1997 is a natural stone projects contractor and supplier. The company specialises in products like artificial quartz, granite, luxury stone, limestone, carvings, craftworks, and water jet patterns, among others.

Key Highlights of the Report