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Global Natural Stone Market Share, Growth, Report, Analysis, Forecast: By Type: Marble, Granite, Limestone, Others; By Application: Flooring, Memorial Arts, Wall Cladding, Others; By Construction Type: New Construction, Renovation, Others; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Global Natural Stone Market Outlook
The global natural stone market size reached a value of approximately USD 49.62 billion in 2022. The market is further expected to grow at a CAGR of 3.90% between 2023 and 2028, reaching a value of USD 62.6 billion by 2028.
Key Trends in the Market
Natural stones are organic rocks that are extracted from the earth for use as building materials and for decorative purposes. There are different types of natural stones which are made from different mineral compositions and have unique properties. In general, natural stone is considered durable, hard, and aesthetically appealing.
- The growth of the market for natural stones is likely to be supported by the thriving construction industry and increasing renovation projects worldwide. Natural stones provide a distinct appeal due to their colour and textures due to which more customers are inclining towards them.
- Increasing use of natural stone in residential and commercial sectors is also driving the natural stone market. Due to growing disposable income among customers, the demand for designer and artistic designs for interiors using natural stones are bolstering the market for natural stones.
- Rising use of natural stones such as marble and granite in the manufacturing of kitchen countertops is a key trend in the natural stone market. These stones offer improved durability and steadiness for kitchen countertops while also being visually appealing.
Market Analysis
Based on type, the market is segmented into marble, granite, and limestone, among others. On the basis of application, the market is divided into flooring, memorial arts, and wall cladding, among others. Based on construction type, the market is classified into new construction, and renovation, among others. The regional markets for natural stones are 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 market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- ARO Granite Industries Ltd
- Dimpomar Rochas Portuguesas, LDA
- Dermitzakis Bros S. A.
- Levantina y Asociados de Minerales, S.A.
- Margraf SPA
- Mumal Marbles Pvt. Ltd.
- Polycor Inc.
- Xishi Group Development Co., Ltd.
- Topalidis S.A. Marble & Granite
- Temmer Marble
- Others
Market Share by Type
Granite accounts for a significant share of the natural stone market as it is a highly durable and hard natural stone which has the ability to withstand extreme heat. It is commonly used for floors and fireplaces and is known for its elegance and durability. Owing to granite’s strength and availability in multiple colours and patterns, it is increasingly used for flooring of backyards, pavements, porches, and other areas, as well as for wall cladding.
Market Share by Application
Flooring accounts for a sizable share of the natural stone market based on application due to the ability of natural stones to make floors which are durable and long lasting. The finished flooring made with natural stones can also look classic, luxurious, and provide a high-gloss finish. Natural stone flooring is suited for kitchens, bathrooms, foyers, living rooms, hallways, and outdoor areas, with commonly used natural stones including marble, travertine, limestone, slate, and granite.
Competitive Landscape
ARO Granite Industries Ltd. is an export-oriented company which is headquartered in Tamil Nadu, India and was founded in 1988. They provide different shades of the finest granites and quartzite; each of these stones are processed through cutting-edge technology.
Polycor Inc. is a natural stone quarrier which was founded in 1987 and is headquartered in Quebec, Canada. The company manufactures products likes slabs, raw blocks, tiles, green building supple, soapstone and hardscaping, among others.
Xishi Group Development Co,. Ltd. headquartered in Fujian, China, and founded in 1997 is a natural stone projects contractor and supplier. The company specialises in products like artificial quartz, granite, luxury stone, limestone, carvings, craftworks, and water jet patterns, 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:
|
| Breakup by Type |
|
| Breakup by Application |
|
| Breakup by Construction Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*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 Market Analysis
8.1 Key Industry Highlights
8.2 Global Natural Stone Historical Market (2018-2022)
8.3 Global Natural Stone Market Forecast (2023-2028)
8.4 Global Natural Stone Market by Type
8.4.1 Marble
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Granite
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Limestone
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Natural Stone Market by Application
8.5.1 Flooring
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Memorial Arts
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Wall Cladding
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Natural Stone Market by Construction Type
8.6.1 New Construction
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Renovation
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Others
8.7 Global Natural Stone Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Natural Stone Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Natural Stone Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Natural Stone Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Natural Stone Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Natural Stone Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 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 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 ARO Granite Industries Ltd.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Dimpomar Rochas Portuguesas, LDA
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Dermitzakis Bros S. A.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Levantina y Asociados de Minerales, S.A.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Margraf SPA
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Mumal Marbles Pvt. Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Polycor Inc.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Xishi Group Development Co., Ltd.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Topalidis S.A. Marble & Granite
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Temmer Marble
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Natural Stone Market: Key Industry Highlights, 2018 and 2028
2. Global Natural Stone Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Natural Stone Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Natural Stone Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Natural Stone Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Natural Stone Historical Market: Breakup by Construction Type (USD Million), 2018-2022
7. Global Natural Stone Market Forecast: Breakup by Construction Type (USD Million), 2023-2028
8. Global Natural Stone Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Natural Stone Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Natural Stone Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Natural Stone Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Natural Stone Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Natural Stone Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Natural Stone Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Natural Stone Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Natural Stone Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Natural Stone Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Natural Stone Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Natural Stone Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Natural Stone Market Structure
Key Questions Answered in the Report
In 2022, the market reached an approximate value of USD 49.62 billion.
The market is expected to grow at a CAGR of 3.90% between 2023 and 2028.
The 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 market drivers are the thriving construction sector, growing renovation activities, and increasing use of natural stones for flooring and wall claddings.
The growing use of natural stone in the residential and commercial sector, rising popularity of natural stone aesthetic, and increasing demand for memorial arts.
The different types of natural stones in the market are marble, granite, and limestone, among others.
Flooring, memorial arts, and wall cladding, among others are the primary applications of natural stones in the market.
The key market players in natural stone market, according to the report, are ARO Granite Industries Ltd, Dimpomar Rochas Portuguesas, LDA, Dermitzakis Bros S. A., Levantina y Asociados de Minerales, S.A., Margraf SPA, Mumal Marbles Pvt. Ltd., Polycor Inc., Xishi Group Development Co., Ltd., Topalidis S.A. Marble & Granite, and Temmer Marble, among others.
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