Natural Stone Market Latest Amendments 2019-2026 By: Aro Granite Industries, Dimpomar, Dermitzakis Bros, Levantina y Asociados de Minerales, MARGRAF, Mumal Marble

According to a new report published by Allied Market Research, titled, "Natural Stone Market by Type, and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global natural stone market size was valued at $35.1 billion in 2018, and is projected to reach $48.0 billion by 2026, growing at a CAGR of 3.9% from 2019 to 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 flexibility and easy installation drive the market growth.

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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.

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.
o By application, the flooring segment led the market in 2018.
o North America is projected to register the highest growth rate in the coming years.

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Leading players in the market-
o Dimpomar,
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
o MARGRAF
o Topalidis

In 2018, Asia-Pacific dominated the global market, in terms of revenue, accounting for around 47.6% share of the global market, followed by LAMEA, owing to rise in demand for affordable and efficient natural stones such as marble and granite.

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