Natural Stone Market Competitive Analysis to 2026 with Top Key Players-Aro Granite Industries Ltd., Dimpomar, Dermitzakis Bros S.A., Levantina y Asociados de Minerales
Asia-Pacific, followed by Europe and North America, to dominate during the study period-
Based on geography, the Asia-Pacific region held the largest share in 2018, generating nearly half of the global natural stone market and is projected to maintain the lion's share during 2019-2026. This is attributed to easy availability of raw materials & economies of scales. Simultaneously, North America is predicted to register the fastest CAGR of 4.2% throughout the forecast period.
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The granite segment to lead the trail till 2026-
Based on type, the granite segment accounted for more than two-fifths of the global natural stone market share in 2018 and is expected to retain its dominance through 2019-2026. Granites are now widely used in making gravestones, sculpture, and memorials due its hardness and appealing appearance, which has accelerated the growth of the segment. The marble segment, on the other hand, would cite the fastest CAGR of 4.7% by the end of 2026.
The flooring segment to maintain its top status during the estimated period-
Based on end user, the flooring segment contributed to nearly two-fifths of the global natural stone market revenue in 2018 and is anticipated to rule the roost during the estimated period. The features of natural stone such as durability, design flexibilities and easy installation drive the market growth. At the same time, the wall cladding segment is expected to grow at the fastest CAGR of 4.5% by 2026.
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Leading players in the market-
o Dermitzakis Bros S.A.
o Xishi Stone Group
o Levantina y Asociados de Minerales, S.A.
o Aro Granite Industries Ltd.
o Mumal Marble
o Polycor Inc.
o Temmer Marble
Key Finding of The Natural Stone Market:
o The report provides an extensive analysis of the current and emerging natural stone market trends and dynamics.
o Depending on type, the granite segment dominated the market, in terms of revenue, in 2018; however, the marble segment is projected to grow at a CAGR 4.7% during the forecast period.
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