COVID-19 Impact Review: What to Expect from Natural Stone Industry in 2020? | Know the Challenges and Trend Analysis

The Global Natural Stone Market was valued at US$ 80.5 Bn and in terms of volume, it was 275.9 Mn Tons in the year 2018. The market is expected to grow with a significant CAGR of 3.70% by 2027.
The ripple effect of Coronavirus-COVID19 on the Natural Stone Market needs to become part of strategy discussions to emerge strong. The Analyst team is meticulously tracking the impact and relevance to all the sectors in the Natural Stone Market. Key data sets include Revenue Impact analysis, Disruptions and New opportunities in the Supply Chain, Revised Vendor Landscape Mix, New opportunities mapping, and more.

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Natural stones are a range of products which are mined from the earth and are used as construction and decorative materials, and in furniture and statuary & monuments. These products include marble, granite, limestone, travertine, sandstone, quartzite, and other products. Natural stones are the most consistent source of beauty and durability. They differ in color, composition, and texture even though the pieces are from the same source.

AllTheResearch offers a most recent distributed report on Global Natural Stone industry examination and figure 2019-2027conveying key bits of knowledge and giving an upper hand to customers through a point by point report. The report contains XX pages which profoundly displays on current market investigation situation, up and coming just as future chances, income development, evaluating and gainfulness.

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Market Segmentation:
Following Top Key players are profiled in this Market Study:
Topalidis, Polycor Inc., Antolini, Amso International, Dermitzakis, Vetter Stone, Dimpomar, ANSI India, Earth Stone Global, Mumal Marble.

By Applications: Construction and Decoration, Statuary Monuments, Furniture, Others

The global natural stone market is segmented based on type, application and distribution channel. Based on type, the market is categorized as granite, marble, limestone, travertine, and others. Granite held the largest market share in the year 2018 followed by limestone and travertine. The extensive use of granite as construction material and architectural stone is expected to trigger the overall granite segment. For instance, the construction industry in the U.K. contributes approximately 7% to its GDP, which is thus expected to accelerate the demand for granite during the forecast period. In addition to this, the marble segment is expected to grow with a significant CAGR during the forecast period, owing to its usage in paints, cosmetics, and paper due to its optical properties.

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Regional Analysis:
North America
Europe
Asia Pacific
LATAM
Middle East Africa

Marble is widely being used due to its low cost and the availability of abundant resources. By different application, construction & decoration segment dominated the market in 2018 and expected to display a similar trend in the coming years. The use of natural stone in construction and decoration is rising worldwide owing to its beauty, long life, minimum environmental impact, less maintenance. Further, growing investment from public and private sector to the construction industry is also triggering the overall market growth during the forecast period. By different online distribution channel is expected to witness the fastest growth during the forecast period owing to its convenience, presence of different options for brands among others.

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