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

04-28-2020 03:58 PM CET | Industry, Real Estate & Construction

Press release from: allied market research

Natural Stone Market Latest Amendments 2019-2026 By: Aro

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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About Us:
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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