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Natural Stone Market by Type (Marble, Granite, Limestone, and Others) and Application (Flooring, Memorial Arts, Wall Cladding, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026

CM_196202
Pages: 211
Nov 2019 | 76 Views
 
Author(s) : Amar Chinchane , Onkar Sumant
Tables: 81
Charts: 42
 

Natural Stone Market Statistics - 2026

The global natural stone market size was valued at $35,120.1 million in 2018, and is projected to reach $48,068.4 million by 2026, growing at a CAGR of 3.9% from 2019 to 2026. Natural stone is a mountain-acquired mineral, which includes quartzite, slate, limestone, sandstone, marble, granite, and others. It majorly finds its application in residential and commercial flooring and wall cladding, owing to its durability, hardness, and aesthetic appearance.

Increase in disposable income of individuals and surge in awareness of attractive outdoor designs have shifted the inclination toward home remodeling among residential end users, especially in urban areas. Stones such as marble and granite used for flooring in patios, porches, backyards, and pavements enhance the visual appeal of residential buildings, thereby fueling their adoption. Moreover, increase in number of engineering, procurement and construction (EPC) projects in the infrastructure sector coupled with real estate and various urban infrastructure projects is expected to increase the demand for natural stones at a global scale. Thus, the market is majorly driven by infrastructure construction activities, which include building roads, bridges, airports, power plants, and notably highway & road projects. Furthermore, increase in industrialization and rise in need for residential & commercial infrastructure setup are expected to boost the global natural stone market.

Natural Stone Market

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In emerging economies, increase in popularity of outdoor entertaining area has created the need for natural stones for wall cladding, which has positively influenced the market. In addition, the demand for construction materials such as marble is on a rise at a significant pace, owing to increase in its adoption for construction of memorials and furniture. However, fluctuation in climate in recent years due to global warming and exploitation of resources have resulted implementation of stringent policies toward utilization of natural resources and reduce emission globally. Thus, the government initiatives toward reduction of stone mining restrict the global natural stone market growth.

Natural Stone Market
By Type

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Marble segment is projected to grow at a significant CAGR

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The urban population growth is concentrated in emerging economies of the world, which makes natural stones crucial, as these regions witness significant infrastructural development. Urbanization has increased considerably over the last decade, and is anticipated to continue to increase during the forecast period, which is expected to offer lucrative growth opportunities for the natural stone market growth.

Natural Stone Market
By Application

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Flooring segment holds dominant position in 2018

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The global natural stone market is segmented into type, application, and region. Depending on type, the market is categorized into marble, granite, limestone, and others. The marble segment was largest revenue contributor in 2018, due to increase in adoption of marble in developing countries. The applications covered in the study include flooring, memorial arts, wall cladding, and others. The wall cladding segment registered highest CAGR in 2018, owing to increase in construction and infrastructural developments such as warehousing sectors, hotels & leisure facilities, and schools & universities, especially in developing regions.

Natural Stone Market
By Region

2026
Asia-Pacific 
North America
Europe
LAMEA

Asia-Pacific holds a dominant position in 2018 . North America is expected to grow at a highest rate during the forecast period.

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Region wise, the natural stone market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific garnered the largest share in the market in 2018, owing to rapid urbanization and presence of economies such as India, Malaysia, China, and Indonesia.

COMPETITION ANALYSIS

The key market players profiled in the report of natural stone market include Aro Granite Industries Ltd., Dimpomar, Dermitzakis Bros S.A., Levantina y Asociados de Minerales, S.A., MARGRAF, Mumal Marble, Polycor Inc., Temmer Marble, Topalidis, and Xishi Stone Group. These players have adopted key strategies such as mergers and acquisitions to strengthen their market outreach and sustain the stiff competition in the market. For instance, in October 2018, Polycor merged with the company Indiana Limestone Company (ILCO). ILCO is engaged in quarrying of limestone in Indiana, U.S. The merger expanded the geographical presence as well as the product offerings of both companies. Similarly, in October 2019, it acquired Elliott Stone Company Inc. Elliot is engaged in quarrying and fabrication of Indiana limestone, and is based in Indiana, U.S. The acquisition expanded Polycor’s product portfolio for natural stone building products.

Key Benefits for Natural Stone Market:

  • The report provides an extensive analysis of the current and emerging natural stone market trends and dynamics.  
  • In-depth natural stone market analysis is conducted by constructing estimations for the key segments between 2018 and 2026. 
  • Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The global natural stone market forecast analysis from 2018 to 2026 is included in the report.
  • Key market players operating in the global market are profiled in this report, and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the natural stone industry. 

Natural Stone Key Market Segments:

By Type

  • Marble
  • Granite
  • Limestone
  • Others

By Application

  • Flooring
  • Memorial arts
  • Wall Cladding
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East 
    • Africa

Key Players

  • Aro Granite Industries Ltd.
  • Dimpomar
  • Dermitzakis Bros S.A.
  • Levantina y Asociados de Minerales, S.A.
  • MARGRAF
  • Mumal Marble
  • Polycor Inc.
  • Temmer Marble
  • Topalidis
  • Xishi Stone Group
 

CHAPTER 1:    INTRODUCTION

1.1.    Report description
1.2.    Key benefits for stakeholders
1.3.    Key market segments
1.4.    Research methodology

1.4.1.    Primary research
1.4.2.    Secondary research
1.4.3.    Analyst Application and models

CHAPTER 2:    EXECUTIVE SUMMARY

2.1.    CXO perspective

CHAPTER 3:    MARKET OVERVIEW

3.1.    Market definition and scope
3.2.    Key Findings

3.2.1.    Top Investment Pockets
3.2.2.    Top Winning Strategies

3.3.    Porter's five forces analysis
3.4.    Key player positioning, 2018
3.5.    Market dynamics

3.5.1.    Drivers

3.5.1.1.    Increasing rate of building renovation and remodeling
3.5.1.2.    Growing popularity of outdoor entertaining area among Wall Cladding end-users
3.5.1.3.    Rapid Urbanization as a result of increasing population

3.5.1.4.    Increase in demand for natural stone in emerging economies

3.5.2.    Restraints

3.5.2.1.    Fluctuations in foreign currencies continues its influence over profit margins
3.5.2.2.    Increase in emphasis toward utilization of green and eco-friendly materials

3.5.3.    Opportunity

3.5.3.1.    Increase in government and private investments in infrastructure sector

CHAPTER 4:    NATURAL STONE MARKET, BY TYPE

4.1.    Overview

4.1.1.    Market size and forecast, by type

4.2.    Marble

4.2.1.    Key market trends, growth factors and opportunities
4.2.2.    Market size and forecast, by region
4.2.3.    Market analysis by country

4.3.    Granite

4.3.1.    Key market trends, growth factors and opportunities
4.3.2.    Market size and forecast, by region
4.3.3.    Market analysis by country

4.4.    Limestone

4.4.1.    Key market trends, growth factors and opportunities
4.4.2.    Market size and forecast, by region
4.4.3.    Market analysis by country

4.5.    Others

4.5.1.    Key market trends, growth factors and opportunities
4.5.2.    Market size and forecast, by region
4.5.3.    Market analysis by country

CHAPTER 5:    NATURAL STONE MARKET, BY APPLICATION

5.1.    Overview

5.1.1.    Market size and forecast, by application

5.2.    Flooring

5.2.1.    Key market trends, growth factors and opportunities
5.2.2.    Market size and forecast, by region
5.2.3.    Market analysis by country

5.3.    Memorial arts

5.3.1.    Key market trends, growth factors and opportunities
5.3.2.    Market size and forecast, by region
5.3.3.    Market analysis by country

5.4.    Wall Cladding

5.4.1.    Key market trends, growth factors and opportunities
5.4.2.    Market size and forecast, by region
5.4.3.    Market analysis by country

5.5.    Others

5.5.1.    Key market trends, growth factors and opportunities
5.5.2.    Market size and forecast, by region
5.5.3.    Market analysis by country

CHAPTER 6:    NATURAL STONE MARKET, BY REGION

6.1.    Overview

6.1.1.    Market size and forecast, by region

6.2.    North America

6.2.1.    Key market trends, growth factors and opportunities
6.2.2.    Market size and forecast, by type
6.2.3.    Market size and forecast, by application
6.2.4.    Market analysis by country

6.2.4.1.    U.S.

6.2.4.1.1.    Market size and forecast, by type
6.2.4.1.2.    Market size and forecast, by application

6.2.4.2.    Canada

6.2.4.2.1.    Market size and forecast, by type
6.2.4.2.2.    Market size and forecast, by application

6.2.4.3.    Mexico

6.2.4.3.1.    Market size and forecast, by type
6.2.4.3.2.    Market size and forecast, by application

6.3.    Europe

6.3.1.    Key market trends, growth factors and opportunities
6.3.2.    Market size and forecast, by type
6.3.3.    Market size and forecast, by application
6.3.4.    Market analysis by country

6.3.4.1.    Germany

6.3.4.1.1.    Market size and forecast, by type
6.3.4.1.2.    Market size and forecast, by application

6.3.4.2.    France

6.3.4.2.1.    Market size and forecast, by type
6.3.4.2.2.    Market size and forecast, by application

6.3.4.3.    Italy

6.3.4.3.1.    Market size and forecast, by type
6.3.4.3.2.    Market size and forecast, by application

6.3.4.4.    Spain

6.3.4.4.1.    Market size and forecast, by type
6.3.4.4.2.    Market size and forecast, by application

6.3.4.5.    Rest of Europe

6.3.4.5.1.    Market size and forecast, by type
6.3.4.5.2.    Market size and forecast, by application

6.4.    Asia-Pacific

6.4.1.    Key market trends, growth factors and opportunities
6.4.2.    Market size and forecast, by type
6.4.3.    Market size and forecast, by application
6.4.4.    Market analysis by country

6.4.4.1.    China

6.4.4.1.1.    Market size and forecast, by type
6.4.4.1.2.    Market size and forecast, by application

6.4.4.2.    India

6.4.4.2.1.    Market size and forecast, by type
6.4.4.2.2.    Market size and forecast, by application

6.4.4.3.    Japan

6.4.4.3.1.    Market size and forecast, by type
6.4.4.3.2.    Market size and forecast, by application

6.4.4.4.    South Korea

6.4.4.4.1.    Market size and forecast, by type
6.4.4.4.2.    Market size and forecast, by application

6.4.4.5.    Rest of Asia-Pacific

6.4.4.5.1.    Market size and forecast, by type
6.4.4.5.2.    Market size and forecast, by application

6.5.    LAMEA

6.5.1.    Key market trends, growth factors and opportunities
6.5.2.    Market size and forecast, by type
6.5.3.    Market size and forecast, by application
6.5.4.    Market analysis by country

6.5.4.1.    Latin America

6.5.4.1.1.    Market size and forecast, by type
6.5.4.1.2.    Market size and forecast, by application

6.5.4.2.    Middle East

6.5.4.2.1.    Market size and forecast, by type
6.5.4.2.2.    Market size and forecast, by application

6.5.4.3.    Africa

6.5.4.3.1.    Market size and forecast, by type
6.5.4.3.2.    Market size and forecast, by application

CHAPTER 7:    COMPANY PROFILES

7.1.    Aro Granite Industries Ltd.

7.1.1.    Company overview
7.1.2.    Key Executives
7.1.3.    Company snapshot
7.1.4.    Operating business segments
7.1.5.    Product portfolio
7.1.6.    Business performance

7.2.    Dimpomar

7.2.1.    Company overview
7.2.2.    Key Executives
7.2.3.    Company snapshot
7.2.4.    Product portfolio

7.3.    Dermitzakis Bros S.A.

7.3.1.    Company overview
7.3.2.    Company snapshot
7.3.3.    Product portfolio

7.4.    Levantina Y Asociados De Minerales, S.A.U.

7.4.1.    Company overview
7.4.2.    Company snapshot
7.4.3.    Product portfolio

7.5.    Margraf S.p.A.

7.5.1.    Company overview
7.5.3.    Company snapshot
7.5.4.    Operating business segments
7.5.5.    Product portfolio

7.6.    Mumal Marbles Pvt. Ltd.

7.6.1.    Company overview
7.6.2.    Company snapshot
7.6.3.    Product portfolio

7.7.    Polycor Inc.

7.7.1.    Company overview
7.7.2.    Key Executives
7.7.3.    Company snapshot
7.7.4.    Product portfolio
7.7.5.    Key strategic moves and developments

7.8.    Temmer Mermer Madencilik ?n?aat Sanayi ve Ticaret A.?.

7.8.1.    Company overview
7.8.2.    Key Executives
7.8.3.    Company snapshot
7.8.4.    Product portfolio
7.8.5.    Key strategic moves and developments

7.9.    Topalidis S.A.- Marble & Granite

7.9.1.    Company overview
7.9.2.    Company snapshot
7.9.3.    Product portfolio

7.10.    Xishi Group Development Co., Ltd.

7.10.1.    Company overview
7.10.2.    Company snapshot
7.10.4.    Product portfolio

LIST OF TABLES

TABLE 01.    GLOBAL NATURAL STONE MARKET REVENUE, BY TYPE, 2018-2026 ($MILLION)
TABLE 02.    NATURAL STONE MARKET REVENUE FOR MARBLE, BY REGION 2018–2026($MILLION)
TABLE 03.    NATURAL STONE MARKET REVENUE FOR GRANITE, BY REGION 2018–2026($MILLION)
TABLE 04.    NATURAL STONE MARKET REVENUE FOR GRANITE, BY REGION 2018–2026($MILLION)
TABLE 05.    NATURAL STONE MARKET REVENUE FOR GRANITE, BY REGION 2018–2026($MILLION)
TABLE 06.    GLOBAL NATURAL STONE MARKET REVENUE, BY APPLICATION, 2018-2026 ($MILLION)
TABLE 07.    NATURAL STONE MARKET REVENUE FOR FLOORING, BY REGION 2018–2026($MILLION)
TABLE 08.    NATURAL STONE MARKET REVENUE FOR MEMORIAL ARTS, BY REGION 2018–2026($MILLION)
TABLE 09.    NATURAL STONE MARKET REVENUE FOR WALL CLADDING, BY REGION 2018–2026($MILLION)
TABLE 10.    NATURAL STONE MARKET REVENUE FOR OTHERS, BY REGION 2018–2026($MILLION)
TABLE 11.    GLOBAL NATURAL STONE MARKET REVENUE, BY REGION 2018–2026($MILLION)
TABLE 12.    NORTH AMERICA NATURAL STONE MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 13.    NORTH AMERICA NATURAL STONE MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 14.    NORTH AMERICA NATURAL STONE MARKET REVENUE, BY COUNTRY, 2018–2026 ($MILLION)
TABLE 15.    U.S. NATURAL STONE MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 16.    U.S. NATURAL STONE MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 17.    CANADA NATURAL STONE MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 18.    CANADA NATURAL STONE MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 19.    MEXICO NATURAL STONE MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 20.    MEXICO NATURAL STONE MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 21.    EUROPE NATURAL STONE MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 22.    EUROPE NATURAL STONE MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 23.    EUROPE NATURAL STONE MARKET REVENUE, BY COUNTRY, 2018–2026 ($MILLION)
TABLE 24.    GERMANY NATURAL STONE MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 25.    GERMANY NATURAL STONE MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 26.    FRANCE NATURAL STONE MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 27.    FRANCE NATURAL STONE MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 28.    ITALY NATURAL STONE MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 29.    ITALY NATURAL STONE MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 30.    SPAIN NATURAL STONE MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 31.    SPAIN NATURAL STONE MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 32.    REST OF EUROPE NATURAL STONE MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 33.    REST OF EUROPE NATURAL STONE MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 34.    ASIA-PACIFIC NATURAL STONE MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 35.    ASIA-PACIFIC NATURAL STONE MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 36.    ASIA-PACIFIC NATURAL STONE MARKET REVENUE, BY COUNTRY, 2018–2026 ($MILLION)
TABLE 37.    CHINA NATURAL STONE MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 38.    CHINA NATURAL STONE MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 39.    INDIA NATURAL STONE MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 40.    INDIA NATURAL STONE MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 41.    JAPAN NATURAL STONE MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 42.    JAPAN NATURAL STONE MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 43.    SOUTH KOREA NATURAL STONE MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 44.    SOUTH KOREA NATURAL STONE MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 45.    REST OF ASIA-PACIFIC NATURAL STONE MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 46.    REST OF ASIA-PACIFIC NATURAL STONE MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 47.    LAMEA NATURAL STONE MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 48.    LAMEA NATURAL STONE MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 49.    LAMEA NATURAL STONE MARKET REVENUE, BY COUNTRY, 2018–2026 ($MILLION)
TABLE 50.    LATIN AMERICA NATURAL STONE MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 51.    LATIN AMERICA NATURAL STONE MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 52.    MIDDLE EAST NATURAL STONE MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 53.    MIDDLE EAST NATURAL STONE MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 54.    AFRICA NATURAL STONE MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 55.    AFRICA NATURAL STONE MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 56.    ARO: KEY EXECUTIVES
TABLE 57.    ARO: COMPANY SNAPSHOT
TABLE 58.    ARO: OPERATING SEGMENTS
TABLE 59.    ARO: PRODUCT PORTFOLIO
TABLE 60.    DIMPOMAR: KEY EXECUTIVES
TABLE 61.    DIMPOMAR: COMPANY SNAPSHOT
TABLE 62.    CNH: PRODUCT PORTFOLIO
TABLE 63.    DERMITZAKIS: COMPANY SNAPSHOT
TABLE 64.    DERMITZAKIS: PRODUCT PORTFOLIO
TABLE 65.    LEVANTINA: COMPANY SNAPSHOT
TABLE 66.    LEVANTINA: PRODUCT PORTFOLIO
TABLE 67.    MARGRAF: COMPANY SNAPSHOT
TABLE 68.    MARGRAF: OPERATING SEGMENTS
TABLE 69.    MARGRAF: PRODUCT PORTFOLIO
TABLE 70.    MUMAL MARBLES: COMPANY SNAPSHOT
TABLE 71.    MUMAL MARBLES: PRODUCT PORTFOLIO
TABLE 72.    POLYCOR: KEY EXECUTIVES
TABLE 73.    POLYCOR: COMPANY SNAPSHOT
TABLE 74.    POLYCOR: PRODUCT PORTFOLIO
TABLE 75.    TEMMER MARBLE: KEY EXECUTIVES
TABLE 76.    TEMMER MARBLE: COMPANY SNAPSHOT
TABLE 77.    TEMMER MARBLE: PRODUCT PORTFOLIO
TABLE 78.    TOPALIDIS: COMPANY SNAPSHOT
TABLE 79.    TOPALIDIS: PRODUCT PORTFOLIO
TABLE 80.    XISHI: COMPANY SNAPSHOT
TABLE 81.    XISHI: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.    KEY MARKET SEGMENTS
FIGURE 02.    EXECUTIVE SUMMARY
FIGURE 03.    GLOBAL NATURAL STONE MARKET: KEY PLAYERS
FIGURE 04.    TOP INVESTMENT POCKETS
FIGURE 05.    TOP WINNING STRATEGIES, BY YEAR, 2017–2019
FIGURE 06.    TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017–2019 (%)
FIGURE 07.    TOP WINNING STRATEGIES, BY COMPANY, 2017–2019 (%)
FIGURE 08.    LOW TO MODRATE HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 09.    MODEARTE BARGAINING POWER OF BUYERS
FIGURE 10.    HIGH THREAT OF SUBSTITUTES
FIGURE 11.    HIGH THREAT OF NEW ENTRANTS
FIGURE 12.    LOW TO MODERATE INTENSITY OF RIVALRY
FIGURE 13.    KEY PLAYER POSITIONING
FIGURE 14.    GLOBAL NATURAL STONE MARKET, BY TYPE, 2018-2026
FIGURE 15.    COMPARATIVE SHARE ANALYSIS OF MARBLE FOR NATURAL STONE MARKET, BY COUNTRY, 2018 & 2026 (%)
FIGURE 16.    COMPARATIVE SHARE ANALYSIS OF GRANITE FOR NATURAL STONE MARKET, BY COUNTRY, 2018 & 2026 (%)
FIGURE 17.    COMPARATIVE SHARE ANALYSIS OF GRANITE FOR NATURAL STONE MARKET, BY COUNTRY, 2018 & 2026 (%)
FIGURE 18.    COMPARATIVE SHARE ANALYSIS OF GRANITE FOR NATURAL STONE MARKET, BY COUNTRY, 2018 & 2026 (%)
FIGURE 19.    GLOBAL NATURAL STONE MARKET, BY APPLICATION, 2018-2026
FIGURE 20.    COMPARATIVE SHARE ANALYSIS OF FLOORING NATURAL STONE MARKET, BY COUNTRY, 2018 & 2026 (%)
FIGURE 21.    COMPARATIVE SHARE ANALYSIS OF MEMORIAL ARTS NATURAL STONE MARKET, BY COUNTRY, 2018 & 2026 (%)
FIGURE 22.    COMPARATIVE SHARE ANALYSIS OF WALL CLADDING NATURAL STONE MARKET, BY COUNTRY, 2018 & 2026 (%)
FIGURE 23.    COMPARATIVE SHARE ANALYSIS OF OTHERS NATURAL STONE MARKET, BY COUNTRY, 2018 & 2026 (%)
FIGURE 24.    GLOBAL BATTERY POWER APPLICATION MARKET, BY REGION, 2018-2026
FIGURE 25.    U.S.NATURAL STONE MARKET REVENUE, 2018-2026($MILLION)
FIGURE 26.    CANADA NATURAL STONE MARKET REVENUE, 2018-2026($MILLION)
FIGURE 27.    MEXICO NATURAL STONE MARKET REVENUE, 2018-2026($MILLION)
FIGURE 28.    GERMANY NATURAL STONE MARKET REVENUE, 2018-2026($MILLION)
FIGURE 29.    FRANCE NATURAL STONE MARKET REVENUE, 2018-2026($MILLION)
FIGURE 30.    ITALY NATURAL STONE MARKET REVENUE, 2018-2026($MILLION)
FIGURE 31.    SPAIN NATURAL STONE MARKET REVENUE, 2018-2026($MILLION)
FIGURE 32.    REST OF EUROPE NATURAL STONE MARKET REVENUE, 2018-2026($MILLION)
FIGURE 33.    CHINA NATURAL STONE MARKET REVENUE, 2018-2026($MILLION)
FIGURE 34.    INDIA NATURAL STONE MARKET REVENUE, 2018-2026($MILLION)
FIGURE 35.    JAPAN NATURAL STONE MARKET REVENUE, 2018-2026($MILLION)
FIGURE 36.    SOUTH KOREA NATURAL STONE MARKET REVENUE, 2018-2026($MILLION)
FIGURE 37.    REST OF ASIA-PACIFIC NATURAL STONE MARKET REVENUE, 2018-2026($MILLION)
FIGURE 38.    LATIN AMERICA NATURAL STONE MARKET REVENUE, 2018-2026($MILLION)
FIGURE 39.    MIDDLE EAST NATURAL STONE MARKET REVENUE, 2018-2026($MILLION)
FIGURE 40.    AFRICA NATURAL STONE MARKET REVENUE, 2018-2026($MILLION)
FIGURE 41.    ARO: REVENUE, 2017–2019 ($MILLION)
FIGURE 42.    ARO: REVENUE SHARE BY SEGMENT, 2019 (%)

 
 

The natural stone market possesses high growth potential in the flooring and wall cladding industry. The market has witnessed significant growth over the past decade, owing to rise in adoption of natural stones such as granite and marble due to their enhanced durability and hardness. Moreover, increase in investment in construction activities is expected to drive the growth of the global natural stone market. In addition, factors such as increase in disposable income and changes in lifestyle significant impact the market growth. Therefore, the leading players in the market are producing affordable and efficient granite and marble to cater to the requirement of large customer base. Furthermore, market players are acquiring other companies and enhancing their product portfolios to increase their market potential in terms of geographic and customer base expansion.  In addition, the market growth for natural stone is highly dependent on residential and commercial construction investments. Thus, increase in construction of residential complexes and buildings fuels the market growth.

Among the analyzed geographical regions, Asia-Pacific is expected to account for the highest revenue in the global market throughout the forecast period, followed by Europe, North America, and LAMEA.

 

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