Natural Stone Market Analysis With Key Players, 2026 | By Type, Application

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.

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Natural stone is a mountain-acquired mineral, which includes quartzite, slate, limestone, sandstone, marble, granite, and others. It majorly finds its application in residential and commercial flooring and wall cladding, owing to its durability, hardness, and aesthetic appearance.

An increase in disposable income of individuals and a surge in awareness of attractive outdoor designs have shifted the inclination toward home remodeling among residential end-users, especially in urban areas. Stones such as marble and granite used for flooring in patios, porches, backyards, and pavements enhance the visual appeal of residential buildings, thereby fueling their adoption.

Moreover, an increase in the number of engineering, procurement, and construction (EPC) projects in the infrastructure sector coupled with real estate and various urban infrastructure projects is expected to increase the demand for natural stones at a global scale. Thus, the market is majorly driven by infrastructure construction activities, which include building roads, bridges, airports, power plants, and notably highway & road projects. Furthermore, an increase in industrialization and a rise in the need for residential & commercial infrastructure setup are expected to boost the global natural stone market.

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Key Segments

The global natural stone market is segmented into type, application, and region. Depending on the type, the market is categorized into marble, granite, limestone, and others. The marble segment was the largest revenue contributor in 2018, due to the increase in the adoption of marble in developing countries. The applications covered in the study include flooring, memorial arts, wall cladding, and others. The wall cladding segment registered the highest CAGR in 2018, owing to an increase in construction and infrastructural developments such as warehousing sectors, hotels & leisure facilities, and schools & universities, especially in developing regions.

Geographic Review

Region-wise, the natural stone market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific garnered the largest share in the market in 2018, owing to rapid urbanization and the presence of economies such as India, Malaysia, China, and Indonesia.

Key Players

The key market players profiled in the report of the natural stone market include Aro Granite Industries Ltd., Dimpomar, Dermitzakis Bros S.A., Levantina y Asociados de Minerales, S.A., MARGRAF, Mumal Marble, Polycor Inc., Temmer Marble, Topalidis, and Xishi Stone Group.

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Key Benefits for Natural Stone Market:

The report provides an extensive analysis of the current and emerging natural stone market trends and dynamics.

In-depth natural stone market analysis is conducted by constructing estimations for the key segments between 2018 and 2026.

Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.

A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.

The global natural stone market forecast analysis from 2018 to 2026 is included in the report.

Key market players operating in the global market are profiled in this report, and their strategies are analyzed thoroughly, which helps to understand the competitive outlook of the natural stone industry.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.