Press Release
Press Release
The global construction industry is experiencing substantial expansion, generating promising prospects for market participants. Natural stones like granite and marble are commonly utilised for flooring applications in areas such as patios, porches, walkways, and backyards to enhance their aesthetic appeal.
Concurrently, the increasing number of engineering, procurement, and construction projects by companies like Fluor Corp (NYSE: FLR) is driving the natural stone and marble market growth. A rising number of capital projects are adopting natural stone solutions due to their inherent beauty and durability, supporting steady revenue streams for market participants.
Natural stones are commonly used in river walls, dams, bridge piers, tiles, slabs, and pavements. Moreover, various product innovations, such as the development of natural stones with modern designs imprinted on them, are providing an impetus to market growth. These stones can be acid-washed and sandblasted and are widely adopted due to the changing consumer preferences.
Further, granite's durability has made it a preferred material for many construction applications. Its heat, scratch, and stain resistance, coupled with an esthetically pleasing appearance, allows granite to fulfil both practical and visual needs. These versatile qualities have led granite to become a widely utilised option for kitchen countertops, external facades, and bathroom surfaces.
Projections indicate granite will continue dominating the commercial construction material market going forward due to its accessibility, affordability, and ability to meet structural demands while also providing an elegant design element. With such proven performance and appeal, granite is positioned well to remain the material of choice for building projects across various sectors.
In February 2023, Polycor Inc., a Quebec-based company specialising in quarrying, cutting, and distributing natural stone, announced the acquisition of Ebel Quarries, a limestone quarry operator and fabricator located in Wiarton, Ontario. With this transaction, the Polycor Group expands its environmentally friendly product portfolio in order to meet growing demand and offer customers a sustainable alternative to replace concrete as the sole building material option.
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The major players in the global natural stone and marble market are Antolini Luigi & C. S.p.a., Dermitzakis Bros S.A, Margraf SPA, Levantina y Asociados de Minerales, S.A., Ranamar Marble, and Polycor Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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