The natural stone and marble market is expected to reach USD 62.58 billion by 2027

Companies active in the natural stone and marble market are Polycor Inc. (Canada), Dimpomar (Portugal), Antolini Luigi & CSpA (Italy), Dermitzakis Bros SA (Greece), Levantina y Asociados de Minerales, SA (Spain), MARGRAF (Italy). ). ), RANAMAR (Turkey), Temmer Marble (Turkey), Southland Stone USA, Inc. (USA), Xishi Stone Group (China), CUPA Group (Spain), Aro Granite Industries Ltd. (India) and others.

PUNE, India, April 25, 2022 (GLOBE NEWSWIRE) – The global Size of the natural stone and marble market is projected to reach US$62.58 billion by 2027, growing at a CAGR of 7.57% over the forecast period. Increasing demand for natural stones such as Statuario White Marble for decoration purposes in luxury buildings, home remodeling and renovation activities will fuel the healthy growth of the market.

This information is shared by Fortune Business Insights in a new report titled “Natural Stone and Marble Market Size, Share & COVID-19 Impact Analysis, By Type (Granite, Limestone, Marble, Sandstone, Slate, and Others), By Application ( Building & Construction, Monumental and Others) and Regional Forecast, 2020-2027.” The market size was US$57.48 billion in 2019.

According to the Global Construction 2030 report by Global Construction Perspectives and Oxford Economics, the US and Indian construction industries are expected to grow faster than the Chinese construction industry. The global construction volume is expected to grow by around 85% by 2030.

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The report lists the top companies operating in the natural stone and marble market:

  • Aro Granite Industries Ltd. (India)

  • Antolini Luigi & CSpA (Italy)

  • Dermitzakis Bros SA (Greece)

  • MARGRAF (Italy)

  • RANAMAR (Turkey)

  • Temmer Marble (Turkey)

  • Southland Stone USA, Inc. (United States)

  • Xishi Stone Group (China)

  • CUPA Group (Spain)

market drivers:

Significant demand from the construction industry to stimulate development

The construction industry is expected to boost the demand for the market due to its high consumption of natural stone and marble in buildings. Rapid urbanization and industrialization has resulted in high demand for these materials in developing countries, which in turn will support the expansion of the market.

China and India have become top exporters of these products. India exports most of its granite products to China, which accounts for about 40% of global granite exports. China mostly processes the imported granite and exports the processed products to other parts of the world. In addition, increasing consumer disposable income will further fuel demand for the market.

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Regional Analysis:

Increasing renovation activity to boost growth in Europe

Due to rising demand from countries like Italy, Germany, and France, which account for the largest share in the region, Europe is expected to account for a significant market share during the forecast period. The increasing renovation activities will contribute to growth in Europe.

The Asia-Pacific market size is expected to take the largest market share. China is the largest consumer of natural stone and marble. The country processes large quantities of natural stone and exports the surplus products to other parts of the world.

The rapid urbanization in developing countries like India, Bangladesh and Thailand will enable healthy growth of the market in the region.

The Middle East and Africa and Latin America are expected to show a steady growth rate during the forecast period owing to Saudi Arabia, Turkey and the United Arab Emirates. Turkey is one of the largest exporters of natural stone in the region.

The report portrays the natural stone and marble industry:

  • Dynamic insights into the market

  • Swot Analysis of Regions

  • Latest market trends

  • Outstanding insights into the competitive landscape

  • Last development

  • Market Drivers and Constraints

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https://www.fortunebusinessinsights.com/natural-stone-and-marble-market-104040

key industry development:

July 2020: The CUPA Group, a major player in the natural stone and marble market headquartered in Spain, announced the expansion of its business in Portugal.

Contents-

  • introduction

  • summary

  • market dynamics

    • market leader

    • Market Restrictions

    • market opportunities

    • New trends

  • Important Findings

    • Key market trends in the global natural stone and marble industry

    • Key developments: mergers, acquisitions, partnerships, etc.

    • Latest technological advance

    • Insights into the regulatory scenario

    • Porter’s Five Forces Analysis

    • price trend analysis

  • Qualitative Insights Impact of COVID 19 on the Global Natural Stone and Marble Market

  • Global Natural Stone & Marble Industry Analysis, Insights & Forecasts, 2016-2027

Table of contents continued…!

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