Dimension Stone Mining Market Opportunities And Strategies: Size Is Expected To Reach $9734.7 Million With 5.0% CAGR By Global Forecast To 2030 || Vulcan Materials Company, Martin Marietta Aggregates Inc
According to The Business Research Company's dimension stone mining market report, the global 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 global dimension stone mining market is then expected to grow at a CAGR of 5.0% from 2025 and reach $9,734.7 million in 2030.
The surge in capital expenditure on infrastructure development is projected to propel the revenue for the dimension stone mining market over the forecast period. For instance, according to the Global Infrastructure Outlook, which forecasts infrastructure investment needs across 50 countries and seven sectors to 2040, the global population is expected to grow by almost 2 billion people or a 25% increase and around 46% of the global population will migrate from rural to urban areas by 2040, triggering massive demand for infrastructure support. Moreover, the outlook forecasts that the global infrastructure investments need to reach $94 trillion by the end of 2040, to keep pace with demographic and economic changes worldwide.
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The dimension stone mining market is segmented -
• By Type: Marble, Granite, Limestone, Sandstone
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia Pacific was the largest region in the global dimension stone mining market.
Major competitors in the dimension stone mining market include Vulcan Materials Company, Martin Marietta Aggregates Inc., HeidelbergCement AG, CRH Plc., Cemex S A B de C V.
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The dimension stone mining market consists of sales of dimension stone mining by entities (organizations, sole traders, and partnerships) primarily engaged in developing the mine site and/or mining or quarrying dimension stone (rough blocks and/or slabs of stone). Dimension stone is a rock that is detached from its original site and is used with minor alteration as ornamental or building stone. It is a rock material mined or quarried to obtain slabs or blocks that meet specifications as to shape and size. Examples include mining or quarrying bituminous limestone, sandstone, marble, and granite.
The Table Of Content For The Dimension Stone Mining Market Include:
1. Dimension Stone Mining Market Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
7. Dimension Stone Mining Market Characteristics
24. Global Dimension Stone Mining Market Competitive Landscape
25. Key Mergers And Acquisitions In The Dimension Stone Mining Market
26. Market Background: Stone Mining And Quarrying Market
28. Dimension Stone Mining Market, Conclusions And Recommendations
The Business Research Company's "Global Dimension Stone Mining Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.
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