Natural Stone And Marble Market Recent Trends, In-Depth Analysis, Size And Forecast 2022 To 2030

Natural Stone And Marble Market was valued at USD 48.80 billion in 2021 and is poised to expand at a CAGR of 4.0% over 2022-2030.

One of the opulent materials accessible for architecture and interior design is natural stone. Calcite or dolomite that has undergone recrystallization makes up the metamorphic rock known as marble. It is frequently employed as a building material and for sculpture. Marble's great compressive strength makes it useful in a wide range of industries. Superior aesthetic, ornamental, and hydraulic binding qualities can be found in natural stone materials. Marble is often used in construction and building projects.

An increase in construction spending across several nations, including the U.S., Japan, India, and others, as well as an expansion of the building industry, all of which contribute to the growth of the natural stone market globally. The demand for natural stones for flooring and wall cladding is also anticipated to increase as urbanisation and population growth continue to climb. This will help the global market expand. Natural stone advantages including longevity, aesthetic appeal, and dependability encourage the use of slate and limestone in commercial and residential construction, which in turn fuels the expansion of the worldwide natural stone industry.

Marble and granite are used as patio, porch, backyard, and pavement floors because they improve the appearance of residential buildings, which encourages their adoption. The demand for natural stones is also anticipated to rise globally due to an increase in the number of engineering, procurement, and construction (EPC) projects in the infrastructure sector, along with real estate and various urban infrastructure projects.

Construction of infrastructure, such as highways, bridges, airports, power plants, and particularly highway and road projects, is what primarily drives the market. The global market is also anticipated to grow as a result of increased industrialisation and an increase in the need for residential and commercial infrastructure.

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Market Overview:

Due to the significant consumption of natural stones and marbles in buildings, the building and construction sector is anticipated to drive demand for the market. High demand for these materials in developing nations has resulted from rapid urbanisation and industrialisation, which will help the market grow.

The two countries with the largest exports of these goods are China and India. About 40% of the world's granite exports come from India, which mostly sends its granite production to China. The majority of the imported granite is processed in China, and the finished goods are then exported to other countries. Additionally, consumers' increasing disposable income will increase market demand.

The market has been positively impacted by the rising demand for natural stones for wall cladding in emerging nations due to the popularity of outdoor entertaining spaces. Additionally, the demand for building supplies like marble is growing quickly due to an increase in its use in furniture and memorial construction. However, the current climate change brought on by global warming and resource depletion has led to the development of strict rules aimed at reducing emissions globally and optimising the use of natural resources. Governmental efforts to reduce stone mining thereby limit the expansion of the global market.

Natural Stone And Marble Market: Segmental Assessment

By Type:
• Marble
• Granite
• Limestone
• Others

By Application:
• Flooring
• Memorial Arts
• Wall Cladding
• Others

By Construction Type:
• New Construction
• Renovation

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Natural Stone And Marble Market: Competitive Hierarchy

Temmer Marble (Turkey), Hellenic Granite Company (Greece), California Crafted Marble, Inc. (US), Fox Marble Holdings plc (UK), Topalidis S.A. (Greece), Polycor Inc. (Canada), Kangli Stone Group (China), Dimpomar - Rochas Portuguesas Lda (Portugal), NAMCO CO. srl (Italy), Asian Granito India Limited (India), Dal-Tile Corporation (US), Hilltop Granites (India), Levantina y Asociados de Minerales, S.A. (Spain), First Marble & Granite (Qatar), Santucci Group (Italy), DELTA Marble, Mining, Construction Import and Export Inc. (Turkey), Classic Marble Company (India).

COVID-19 impact:

Due to country-wide lockdowns and delays in production and supply of natural stone used in residential and commercial areas, the COVID 19 outbreak has hampered the expansion of the natural stone sector.

Frequently Asked Questions (FAQs):

• What is the current size and CAGR of the global natural stone and marble market?
• Who are major Key Players in natural stone and marble market?
• What are the major factors impacting market growth during the forecast period?
• What is the Current CAGR of natural stone and marble market?

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