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
New York, Jan. 16, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Natural Stone Market by Type and Application : Global Opportunity Analysis and Industry Forecast, 2019–2026" - https://www.reportlinker.com/p05837000/?utm_source=GNW
The global natural stone market 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 refers to mountain–acquired substances. It includes common stones such as sandstone, granite, travertine, limestone, marble, slate, and others. These natural stones are available in a wide range of colors and sizes with different physical and chemical properties. The natural stones is one of the essential building materials utilized for construction of dams, abutments, arches, walls, and other structures. As the name suggests, they are naturally available through mining and underground quarrying. They are primarily for monumental and institutional buildings. In addition, they are used as aggregates for concrete and rubble masonry works for canal walls and bridge piers.
Factors such as rise in consciousness toward exterior entertainment area and propensity to spend on home remodeling fuel the growth of the global natural stone market. In addition, rapid urbanization and surge in adoption of natural stones for indoor flooring drive the growth of the market. Moreover, rise in standard of living, particularly in developing countries, empowers re-flooring and other construction projects, which augments the demand for natural stones. However, increase in emphasis toward utilization of green and eco-friendly materials hamper the market growth. Furthermore, developing economies in Asia-Pacific and LAMEA continue to offer lucrative growth opportunities for natural stone producers, due to surge in investments in residential construction activities in these regions.
The global natural stone market is segmented into type, application, and region. On the basis of type, the market is segregated into marble, granite, limestone, and others. The applications covered in the market include flooring, memorial arts, wall cladding, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The major players operating in the global market have adopted key strategies such as mergers and acquisitions to strengthen their market outreach and sustain the stiff competition in the market.
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.
KEY BENEFITS FOR STAKEHOLDERS
-The report provides an extensive analysis of the current and emerging natural stone market trends and dynamics.
-In-depth market analysis is conducted by constructing market estimations for the key market 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 within natural stone market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the natural stone industry.
GLOBAL NATURAL STONE MARKET SEGMENTS
• Memorial Arts
• Wall Cladding
• North America
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
o Latin America
o Middle East
• Aro Granite Industries Ltd.
• Dermitzakis Bros S.A.
• Levantina y Asociados de Minerales, S.A.
• Mumal Marble
• Polycor Inc.
• Temmer Marble
• Xishi Stone Group
Read the full report: https://www.reportlinker.com/p05837000/?utm_source=GNW
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