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Global Natural Stone and Marble Market Share, Size, Growth, Analysis, Forecast: By Product: Granite, Limestone, Sandstone, Slate, Marble, Others; By Application: Monumental, Building and Construction, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028

Global Natural Stone and Marble Market Outlook

The global natural stone and marble market size reached a value of around USD 49.62 billion in 2022. During the forecast period of between 2023 and 2028, the market is expected to grow at a CAGR of 3.90% to reach around USD 62.6 billion by 2028.

 

Key Trends in the Market

Natural stone and marble are some of the most opulent materials for use in architecture and interior design. Natural stone materials offer superior aesthetics, ornamental, and hydraulic-binding qualities. Meanwhile, marble is a metamorphic rock made of recrystallised carbonate minerals like calcite or dolomite. It frequently serves as a building component and for sculpture. Due to its great compressive strength, marble has several uses in various sectors. 

 

  • The global natural stone and marble market will witness strong growth due to the rising demand for natural stones and specialised marbles such as Statuario marble for decorative purposes in high-end structures, home renovations, and remodelling projects.
  • Due to the significant consumption of natural stones and marbles in buildings, the building and construction sector is anticipated to drive the demand for the market. According to the natural stone industry statistics, growing demand for these materials in developing nations can be attributed to rapid urbanisation and industrialisation, which will help the market grow further in coming years.
  • In addition, one of the key natural stone and marble market trends positively impacting the market includes the expansion of renovation projects and the rising demand for natural stone in memorial applications. Marble quarries are widely available in countries like Spain, Turkey, Italy, and the United States. Large and high quality marble quarries are available, which allows them to meet the growing demand for marble for commercial, residential, and monumental purposes. In turn, this is boosting the market outlook.

 

Global Natural Stone and Marble Market Analysis

Based on product, the market is divided into granite, limestone, sandstone, slate, and marble, among others. The market on the basis of application can be segmented into monumental, and building and construction, among others. The regional markets for natural stone and marble can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. 

 

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. The report gives a detailed analysis of the following key players in the global natural stone and marble market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.  

 

  • Antolini Luigi & C. S.p.a.
  • Dermitzakis Bros S.A
  • Margraf SPA
  • Levantina y Asociados de Minerales, S.A.
  • Ranamar Marble
  • Polycor Inc.
  • Others

 

Market Share by Application

The building and construction segment is anticipated to generate a substantial revenue share during the forecast period as a result of the increasing demand for the development of both residential and non-residential infrastructure, thus aiding the natural stone and marble market growth. Marble is a popular building material for applications including flooring, columns, and walls because of its physical qualities. Natural stones like granite and marble are frequently utilised for flooring in porches, backyards, pavements, and patios, to enhance visual appeal. 

 

Expansion of engineering, procurement, and construction (EPC) projects within the infrastructure industry is promoting market expansion for natural stone and marble. Additionally, the growing popularity of house remodelling and renovation is helping the market grow since natural stones may be used to change and improve appearances in both residential and commercial complexes.

 

Market Share by Region

Asia Pacific is expected to hold a sizable natural stone and marble market share. Marble and natural stones are commonly used in China. Large amounts of natural stone are processed in the nation, and the excess goods are exported to other areas of the world. The market for natural stone and marble will be able to expand in a healthy manner due to the rapid urbanisation occurring in developing nations like Thailand, Bangladesh, and India. 

 

Due to the sheer scale of the market and the rapid growth of the construction sector, which uses marble and natural stones for a variety of construction projects, China is expected to experience rapid growth in the natural stone and marble market. India is one of the world's leading producers of raw stone materials with exceptional quality, affordable costs, and cutting-edge technologies for stone quarrying and processing. 

 

Competitive Landscape

Antolini Luigi & C. S.p.a., headquartered in Italy distributes stone tiles, selling varieties such as onyx, travertine, breccia, limestone, and pietre. Numerous finishes are available from Antolini Luigi & C, including polished, honed, bush-hammered, brushed, sandblasted, flamed, riven, and hydro. The company has been at the forefront of advances in the processing of natural stone and innovative technology.

 

Dermitzakis Bros S.A. is a vibrant, expanding business that, among other things, excavates, processes, imports, and exports various varieties of marble and granite. Its materials are available in the form of blocks, slabs, tiles, and custom dimensions. Based out of Greece, the company specialises in Greek white marble and has its own privately owned quarry.

 

Margraf SPA, established in 1906, is a top-tier Italian business that sources, processes, and transforms marble from all over the world. The company focuses on the manufacturing, shaping, cutting, and finishing of stones for various construction projects. Some of the stones the company deals in include granite, marble, limestone, and slate, among others. 

 

Other market players include Levantina y Asociados de Minerales, S.A., Ranamar Marble, and Polycor Inc., among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Application
  • Region
Breakup by Product
  • Granite
  • Limestone
  • Sandstone
  • Slate
  • Marble
  • Others
Breakup by Application
  • Monumental
  • Building and Construction
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Antolini Luigi & C. S.p.a.
  • Dermitzakis Bros S.A
  • Margraf SPA
  • Levantina y Asociados de Minerales, S.A.
  • Ranamar Marble
  • Polycor Inc.
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface 
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Natural Stone and Marble Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Natural Stone and Marble Historical Market (2018-2022) 
    8.3    Global Natural Stone and Marble Market Forecast (2023-2028)
    8.4    Global Natural Stone and Marble Market by Product 
        8.4.1    Granite
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Limestone
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Sandstone
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Slate
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
        8.4.5    Marble
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2018-2022)
            8.4.5.3    Forecast Trend (2023-2028)
        8.4.6    Others
    8.5    Global Natural Stone and Marble Market by Application
        8.5.1    Monumental
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Building and Construction
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Others
    8.6    Global Natural Stone and Marble Market by Region
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022) 
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022) 
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022) 
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022) 
            8.6.5.3    Forecast Trend (2023-2028)
9    North America Natural Stone and Marble Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Natural Stone and Marble Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Natural Stone and Marble Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Natural Stone and Marble Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Natural Stone and Marble Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Trade Data Analysis (HS Code- 6802)
    15.1    Major Exporting Countries
        15.1.1    By Value
        15.1.2    By Volume
    15.2    Major Importing Countries
        15.2.1    By Value
        15.2.2    By Volume 
16    Price Analysis
17    Competitive Landscape

    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    Antolini Luigi & C. S.p.a.
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Dermitzakis Bros S.A
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    Margraf SPA
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    Levantina y Asociados de Minerales, S.A.
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5     Ranamar Marble
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    Polycor Inc.
            17.2.6.1    Company Overview
            17.2.6.2    Product Portfolio
            17.2.6.3    Demographic Reach and Achievements
            17.2.6.4    Certifications
        17.2.7    Others
18    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Natural Stone and Marble Market: Key Industry Highlights, 2018 and 2028
2.    Global Natural Stone and Marble Historical Market: Breakup by Product (USD Million), 2018-2022
3.    Global Natural Stone and Marble Market Forecast: Breakup by Product (USD Million), 2023-2028
4.    Global Natural Stone and Marble Historical Market: Breakup by Application (USD Million), 2018-2022
5.    Global Natural Stone and Marble Market Forecast: Breakup by Application (USD Million), 2023-2028
6.    Global Natural Stone and Marble Historical Market: Breakup by Region (USD Million), 2018-2022
7.    Global Natural Stone and Marble Market Forecast: Breakup by Region (USD Million), 2023-2028
8.    North America Natural Stone and Marble Historical Market: Breakup by Country (USD Million), 2018-2022
9.    North America Natural Stone and Marble Market Forecast: Breakup by Country (USD Million), 2023-2028
10.    Europe Natural Stone and Marble Historical Market: Breakup by Country (USD Million), 2018-2022
11.    Europe Natural Stone and Marble Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Asia Pacific Natural Stone and Marble Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Asia Pacific Natural Stone and Marble Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Latin America Natural Stone and Marble Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Latin America Natural Stone and Marble Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Middle East and Africa Natural Stone and Marble Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Middle East and Africa Natural Stone and Marble Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Major Exporting Countries by Value
19.    Major Importing Countries by Value
20.    Major Exporting Countries by Volume
21.    Major Importing Countries by Volume  
22.    Global Natural Stone and Marble Market Structure

Key Questions Answered in the Report

In 2022, the global market for natural stone and marble attained a value of nearly USD 49.62 billion.

The market for natural stone and marble is projected to grow at a CAGR of 3.90% between 2023 and 2028.

The global natural stone and marble market is estimated to witness a healthy growth in the forecast period of 2023-2028, to reach USD 62.6 billion by 2028.

The major drivers of the market include rapid urbanisation and industrialisation, growth in renovation activities, escalating demand for natural stone in memorial applications, and the presence of vast and high-quality marble quarries.

The growing demand for natural stones and marble for decorative purposes in luxury buildings, home remodelling and the expanding building and construction industry are the key industry trends propelling the growth of the market.

The major regions in the natural stone and marble industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Based on product, the market is divided into granite, limestone, sandstone, slate, and marble, among others.

The market on the basis of application can be segmented into monumental, and building and construction, among others.

The major players in the industry 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.

Natural stones are made from the Earth and are the consequence of millions of years' worth of geological changes and mineral compositions. The Earth's surface is mined for these materials, which are then employed for a range of tasks.

Marble, like other hard stones tends to be brittle so there is a risk of chipping, particularly around sharp corners, however, along curves chipping becomes unlikely.

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