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The global construction stones market is expected to grow at a CAGR of around 9% in the forecast period 2024-2032.
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Granite is the leading type of natural stone in the market, produced majorly by countries like Brazil, India, China, Spain, and Saudi Arabia. Developing countries China, India, and Brazil, together accounted for a significant proportion of the global production of granite and export a significant volume of granite to the United States, which is one of the largest consumer markets. Italy is also one of the rich sources of good textured marble deposits, whereas China is the leading producer of marble quantitatively.
The growth of the market is majorly being driven by the growing construction market, especially in the Asia Pacific region. The region is witnessing increased construction activities due to the growing infrastructure sector and the rising disposable incomes of the consumers. The construction industry in the region is also boosted by the rising urbanisation.
Construction stones are the stones that are used in making buildings or other constructions. Many types of construction stones are available in the market, like basalt, limestone, quartzite, sandstone, travertine, slate, marble, gneiss, laterite and granite. These stones used for construction purposes are strong, robust, hard, and free from weathered soft patches of rock, cracks, and other flaws that are responsible for reducing strength and durability.
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The types of construction stones can be divided into:
It finds its applications in the following segments:
The regional markets for construction stones include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The industry is being driven by the rising construction as well as infrastructure industries. The construction industry is being aided by the increasing disposable incomes of consumers, especially in developing countries like China and India. The increasing urbanisation in these regions is driving the market growth further. The rising demand for residential, commercial, as well as public infrastructure, is also providing further impetus to the market growth.
Non-residential construction activities like the construction of offices, lodgings, and public safety sectors in many regions, especially North America, are driving the demand growth in the market. In the Asia Pacific region, the construction sector is going to be boosted by the growing demand for infrastructure, especially for healthcare facilities and hospitals. Factors including government initiatives and programs and FDI investments, among others, would propel the market growth of the non-residential sector further, thus, aiding the growth of the construction stones industry. The Asia Pacific region is also driving the global market growth due to rising urbanisation as well as the increased purchasing power of the consumers. The construction stones industry is further being boosted by product differentiation and their durability. The changing preferences of consumers from other construction materials to natural stones is also a major growth driving factor, increasing the demand for construction stones across regions.
The report gives a detailed analysis of the following key players in the global construction stones market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
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 Application |
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Breakup by Region |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global construction stones market is projected to grow at a CAGR of 9% between 2024 and 2032.
The major drivers of the market include the increasing disposable incomes, increasing urbanisation, rising demand for residential, commercial infrastructure, government initiatives and programs, and changing preferences of consumers.
The rising construction, as well as infrastructure industries and the rising non-residential construction activities sectors, are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific with Asia Pacific accounting for the largest share in the market.
The types of construction stones can be divided into construction aggregates and natural stones. Natural stones are further divided into marble, granite, and limestone, among others where granite is the dominant stone in the market.
The major applications include residential, commercial, and public infrastructure, among others.
The major players in the industry are JSC Stone & ALPS Stone, Levantina y Asociados de Minerales, S.A., Benchmark Building Supplies Limited, Xiamen Yeyang Stone Group, Precision Countertops, Inc., and Regatta Universal Exports, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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