Natural Stone Market Demand, Trends & Growth Analysis by 2026 | Key Drivers, Restraints & Opportunity

A number of domestic players are expanding their business in Asia-Pacific and North American regions, owing to increased customer base, developed product portfolios, and expanded geographical reach. This is anticipated to fuel the demand for the granite and marble, thereby augmenting the growth of the market. Furthermore, by type, the granite segment is expected to experience rapid surge in demand due to its durability and aesthetic appearance.

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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The natural stones include quartzite, slate, limestone, sandstone, marble, granite, and others. Natural stone are used for building purposes and construction of monuments. They play a vital role in improving the visual appeal of commercial buildings and infrastructure through innovative landscaping and flooring solutions. Increase in awareness toward outdoor entertainment area, especially among millennials is anticipated to drive the growth of the global natural stone market in the coming years. Furthermore, rise in adoption of marble and granite for kitchen countertop is expired to gains traction in the recent years, due to their enhanced durability and hardness.

Key Players

The key market players profiled in the report of 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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Natural Stone Key Market Segments:

By Type

Marble
Granite
Limestone
Others

By Application

Flooring
Memorial arts
Wall Cladding
Others

By Region

North America
Europe
Asia-Pacific
LAMEA

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 help to understand the competitive outlook of the natural stone industry.

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About Us

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 domains.

This release was published on openPR.