Press release
Natural Stone and Marble Market Share Size, Global Snapshot Analysis and Growth Opportunities by 2031
The rising urbanization due to high rural-to-urban migration has resulted in extensive construction activities around the globe. This aspect is expected to fuel the growth prospects of the global natural stone and marble market during the forecast period of 2021-2031. The increasing awareness about the properties of these natural stones like durability is anticipated to have a positive impact on the overall growth of the natural stone and marble market between 2021 and 2031.
Natural stones are mountain-acquired minerals. These include slate, quartzite, sandstone, limestone, granite, marble, and others. To be precise, natural stones are one of the premium materials used in interior designing and architecture. Marble can be defined as a metamorphic rock comprising recrystallized carbonate materials including dolomite and calcite.
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TMR Research report on the natural stone and marble market sheds light on various aspects necessary for the enlightenment of the stakeholder and CXOs. The report has vast information on a plethora of factors like regional dimensions, competitive insights, latest trends, and threats. The report also has a detailed analysis on the COVID-19 pandemic effect across the natural stone and marble market.
Natural Stone and Marble Market: Competitive Insights
The natural stone and marble market is highly fragmented. Numerous players are involved in fierce competition for expanding their consumer base. The players invest in research and development activities for discovering new formulations and strategies, eventually boosting the growth prospects of the natural stone and marble market.
Strategic collaborations are also crucial for the overall growth of the natural stone and marble market. These collaborations help in strengthening the influence of the players across untapped regions, ultimately contributing to the growth of the natural stone and marble market.
Some key players into the natural stone and marble market are Hilltop Granites, Global Marble Manufacturing Co. LLC., and Xiamen Boshi Stone Co., Ltd.
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Natural Stone and Marble Market: Key Trends
The use of natural stones due to their exemplary characteristics will bring considerable growth for the global market. The prominent characteristics of natural stones are hydraulic binding properties, durability, reliability, and aesthetic presence. Marble also has certain properties that assist in expanding the growth trajectory of the natural stone and marble market. Marble possesses light reflection properties and helps in enhancing the esthetics, decreasing energy cost. Thus, these aspects bode well for the overall growth of the natural stone and marble market. The extensive use of natural stones in residential and commercial segments coupled with monumental constructions will have a large impact on the growth of the natural stone and marble market.
The emergence of the smart city concept has led to its extensive adoption across numerous countries around the world. Densely populated countries like China and India are also adopting this concept at a rapid rate. The declaration of tier-2 and tier-3 cities as smart cities in these countries is leading to high urbanization rates. Urbanization ultimately leads to the construction of residential and commercial buildings on a large scale. As natural stones and marbles are used in construction activities, the growth trajectory of the global market is expected to be strengthened.
The advent of the COVID-19 pandemic has led to considerable loss for the natural stone and marble market. The halting of construction activities for a brief period due to the strict lockdown restrictions has hindered the growth projections of the natural stone and marble market to a certain extent. However, the relaxations in lockdown restrictions have stabilized the growth of the natural stone and marble market.
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Natural Stone and Marble Market: Regional Dimensions
Asia Pacific is expected to bring promising growth for the natural stone and marble market. The rising industrialization and urbanization in the area is estimated to serve as a crucial growth factor for the natural stone and marble market in Asia Pacific.
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