Dark Stone Market Share Will Hit $5.8 Billion by 2032 | Growth With Recent Trends & Demand

Allied Market Research published a report, titled, "Dark Stone Market by Type (Marble, Granite, Limestone, Others), by Application (Flooring, Memorial Arts, Wall Cladding, Others), by End User (Residential, Commercial): Global Opportunity Analysis and Industry Forecast, 2023-2032."According to the report, the global dark stone industry was estimated at $3.7 billion in 2022 and is anticipated to hit $5.8 billion by 2032, registering a CAGR of 4.8% from 2023 to 2032.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 - https://www.alliedmarketresearch.com/request-sample/75125

Drivers, restraints, and opportunities-

The global dark stone market is experiencing growth due to the factors such as a surge in the number of commercial and residential real estate projects across the globe, especially in developing economies . However, Availability of substitutes and Shortage of skilled labor restrain the market growth to some extent. Nevertheless, a rise in developmental strategies by market players is expected to provide ample opportunities in the upcoming years.

The granite segment to retain its dominance by 2031-

By type, the granite segment accounted for the highest share in 2022, garnering more than two-fifths of the global dark stone market revenue. The growing usage of dark granite in commercial buildings such as hotels, restaurants, workplaces, and public buildings are boosting the growth of the granite segment.

On the other hand, limestone segment would cite the fastest CAGR of 5.9% by 2032. Design preferences and architectural trends influence the demand for dark limestone. Dark limestone's adaptability makes it possible to use it in a variety of design aesthetics, from traditional to contemporary, which is boosting its demand across the globe.

𝐋𝐈𝐌𝐈𝐓𝐄𝐃-𝐓𝐈𝐌𝐄 𝐎𝐅𝐅𝐄𝐑 (𝐓𝐢𝐥𝐥 30 𝐉𝐀𝐍 2025) - 𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/checkout-final/c5a5411d3a8db77d21f94802b37487a1

The flooring segment to rule the roost-

By application, the flooring segment held the major share in 2022, generating more than one-third of the global dark stone market revenue. This is attributed to the huge demand for dark stone in flooring applications across commercial and residential real estate projects across the globe. The same segment would portray the fastest CAGR of 5.2% from 2023 to 2032. The aesthetic appeal, elegance, longevity, durability, easy maintenance, and versatility associated with dark stone are the major factors that have made it a popular choice for flooring.

The commercial segment to dominate by 2032-

By end-user, the commercial segment accounted for nearly thee-fifths of the global dark stone market revenue in 2022 and is projected to rule the roost by 2032. The growing number of infrastructural projects along with commercial real estate are the major drivers of the commercial segment in the global dark stone market.

The residential segment, on the other hand, would portray the fastest CAGR of 5.0% from 2023 to 2032. This is attributed to the rising disposable income, growing urban population, and rising number of residential real estate projects across developing nations such as India, China, Indonesia, and Brazil.

Asia-Pacific garnered the major share in 2022 -

By region, Asia-Pacific generated more than half of the global dark stone market revenue in 2022 and is expected to dominate by 2032. The growth of the market across Asia-Pacific is driven by a significant rise in the investments towards industrialization and urbanization of rural areas of developing nations like India and China.

LAMEA, however, would showcase the fastest CAGR of 6.7% from 2023 to 2032. The marker growth across LAMEA is driven by growing investments in the commercial and residential real estate sector. The Middle East countries witness massive investments in the development of infrastructural projects which make LAMEA the fastest-growing region in the dark stone market.

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐒𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐚𝐥 𝐃𝐚𝐭𝐚 𝐚𝐧𝐝 𝐆𝐫𝐚𝐩𝐡𝐬, 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬' 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬: https://www.alliedmarketresearch.com/purchase-enquiry/75125

Key players in the industry-
Marble Trend
Polycor, Inc.
Brachot-Hermant NV
Coldspring
Stone Source, LLC.
Antolini Luigi and C. S.p.a.
Pokarna Limited
UGM Surfaces
Tripura Stones Pvt. Ltd.
Aravali India Marbles and Granites
Stoneville USA, Inc.
Aro Granite Industries Ltd.
Stone Group International
Bhandari Marble Group
Levantina Y Asociados de Minerales, S.A.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞- https://www.prnewswire.com/news-releases/dark-stone-market-to-reach-5-8-billion-globally-by-2032-at-4-8-cagr-allied-market-research-301877442.html

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