Construction Stone Market: Global opportunity analysis and industry forecast, 2020-2027

Construction stones refers to the building materials that are used for the construction of various structures such as buildings, roads, highways, pavements, embankment, bridge, canals and such others such structures. The construction stones are the naturally occurring rocks of sedimentary, igneous and metamorphic origin that are cut and shaped into various small blocks or stones. The stones are widely used in various architectural structures such as historical monuments and others. The construction stone is generally used as building materials due to their durability, high strength and high resistance to weather conditions. The construction stone is categorized into various types such as limestone, granite, marble, slate and tuff.

Market scope and structure

Covid-19 scenario analysis:

• The demand for the construction stone is expected to decrease in the year 2020 due to lockdown imposed by the government and low demand from construction industries.
• Coronavirus has affected the import and export of construction materials. China is the largest exporter of construction materials globally. Negative trends in the economy of China are anticipated to reduce the global import and export throughout the globe.
• Demand for new construction materials have witnessed a massive negative shift since the corona outbreak in December 2019, with manufactures and investors fearing an excessively receding economic growth.
• Travel prohibitions around the globe have affected the trade of construction materials. Thus, the supply and demand for construction materials are almost halted throughout the globe.
• Construction materials manufacturing companies located in China, are the major sufferers of from the virus outbreak, owing to lockdown and unavailability of logistics in the region.
• The major hindrance for the global construction materials market comes from the orders of home quarantine by respective governments, which has led to the discontinuing of production of construction materials.
• Decreased consumer demand and consumption has led to reduction and slow down of sales of construction materials all over the globe over the course of the current economic year.
• Therefore, the construction stone market is expected to be negatively affected in 2020

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The significant increase in the residential and non-residential buildings across the globe and the use of construction stones as a building material is considered to be the major growth driver for construction stone market. The rapidly developing construction activities and infrastructure coupled with the increasing investments from domestic and foreign investors in private & public sector in Asia-Pacific region countries like India and china act as the major growth driver for construction stone market. The use of construction stone such as limestone, marble, granite and slate for encouraging the architectural design by color, texture and shape of the buildings is further expected to boost the growth of construction stone market. The increasing demand of construction stone for enhancing the aesthetic beauty of the buildings also act as a growth driver for the construction stone market. The Middle East & Africa is also expected to fuel the growth of the construction stone market owing to increasing number of construction activities and infrastructures. However, the engineered stone as a substitute to construction stone can hamper the growth of the construction stone market.

The global construction stone market trends are:

New launches to flourish the market

In the past few years, construction stone is having a major role in the construction of residential and non-residential buildings. In November 2019, a global leader in marble & natural stones Stonex Private Limited has launched semi- precious natural construction stones tiles. The product is specifically designed to provide an aesthetic looks to the pools, vanity rooms and interiors such as floors and walls.

High demand from applications:

The construction stones serves various applications in the residential, commercial and industrial facilities. The construction stone such as limestone can be used for its alkaline properties as calcium carbonate in manufacturing and agriculture industries. Further, the construction stone are used in building various structures such as roads, buildings, embankments, bridges, canals, facades and other such structures. The crushed construction stones are used in making of Portland cement that can be mixed with aggregate to form concrete. Moreover, the construction stone such as marble & granite are majorly used in designing of walls and floors. The slate and limestone are majorly used in constructing pavement, footpaths and covered roofs. The constructions stones are widely used in foundations, walls, columns, lintels, damp proof courses and other such structures. The construction stones are cut, shaped and polished which is used as a decorative materials in the buildings components such as wall, footings, columns, retaining walls and others. The construction stone is basically used as a building material due to its high strength, durability and high porosity & absorption.

Key segments covered:

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Key benefits of the report:
 

• This study presents the analytical depiction of the construction stone market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the construction stone market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the construction stone market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed Market analysis based on competitive intensity and how the competition will take shape in coming years.