Dimension Stone Mining Market 2021 Business Scenario – Vulcan Materials Company, Martin Marietta Aggregates Inc., HeidelbergCement AG

The Global Dimension Stone Mining Market Report provides a study with an in-depth overview, describing the product/industry scope and elaborates market outlook and status (2021-2030). The report is curated after in-depth research and analysis by experts. The report provides comprehensive valuable insights on the global Dimension Stone Mining market development activities demonstrated by industry players, growth opportunities, and market sizing with analysis by key segments, leading and emerging players, and geographies.

The dimension stone mining market reached a value of nearly $5,422.6 million in 2020, having increased at a compound annual growth rate (CAGR) of 0.5% % since 2015. The market is expected to grow from $5,422.6 million in 2020 to $7,611.5 million in 2025 at a rate of 7.0%. The market is then expected to grow at a CAGR of 5.0% from 2025 and reach $9,734.7 million in 2030.

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Top Companies in the Global Dimension Stone Mining Market: Vulcan Materials Company; Martin Marietta Aggregates Inc.; HeidelbergCement AG; CRH Plc.; Cemex S A B de C V

Market Overview:

Growth in the historic period resulted from increase in demand for natural stones, strong economic growth in emerging markets, increase in production capacities and low-interest rate environment. Factor that negatively affected growth in the historic period were fatal accidents in mining, reduction in free trade, and geo-political tensions.

Going forward, government policies, growing capital expenditure on infrastructure development, increasing construction activities, and improved logistics infrastructure will drive the growth. Factors that could hinder the growth of the dimension stone mining market in the future include shortage of skilled workforce, and coronavirus pandemic.
The dimension stone mining market is segmented by type marble, granite, limestone, sandstone, and others. The granite was the largest segment of the dimension stone mining market segmented by type, accounting for 34.8% of the total in 2020. Going forward, others segment is expected to be the fastest growing segment in the dimension stone mining market segmented by type, at a CAGR of 10.6% during 2020-2025.

Asia Pacific was the largest region in the dimension stone mining market accounting for 69.0% of the total in 2020. It was followed by Western Europe, and then the other regions. Going forward, the fastest-growing regions in the dimension stone mining market will be Africa, and North America, where growth will be at CAGRs of 14.8% and 11.4% respectively. These will be followed by Middle East and Eastern Europe where the markets are expected to grow at CAGRs of 8.8% and 7.0% respectively.

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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