The new report by Expert Market Research titled, ‘Global Construction Stones Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global construction stones market, assessing the market based on its types, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Forecast CAGR (2021-2026): 9%
The growth in the global construction stone market is induced by the expanding construction market, particularly in the Asia Pacific region. The region is seeing increased construction activity as a result of the growing infrastructure sector and rising consumer disposable incomes. The region’s construction industry is also benefiting from rising urbanisation. The granite sector growth is also expected to boost the market. China, India, and Brazil accounted for a significant proportion of global granite production and exported a large volume of granite to the United States, one of the biggest consumer markets. Rising demand for commercial, residential, and public infrastructure is also supporting the industry.
Industry Definition and Major Segments
Construction Stones refer to stones used in building constructions or other structures. There are numerous types of construction stones on the market, including limestone, basalt, sandstone, quartzite, slate, travertine, laterite, marble, gneiss, and granite. For construction, these stones are hard, strong, robust, and free of weathered soft patches of cracks, rock, and other flaws that reduce durability and strength.
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Based on types of construction stones, the market is divided into:
- Construction Aggregates
- Natural Stones
- Marble
- Granite
- Limestone
- Others
Based on application, the industry is segmented into:
- Residential
- Commercial
- Public Infrastructure
- Others
On the basis of region, the market is divided into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
There is an increasing sentiment of the benefits of natural stones, such as non-toxicity, over other building materials. In the next few years, this trend is expected to re-emphasize the importance of construction stones over other construction materials. Other building materials use more amount of energy and water and emit more pollutants into the atmosphere, whereas natural stones are non-toxic and do not require any safety coating during construction. As a result, this forecast predicts that builders will shift their preference to natural stones during this time period. The market growth is expected to be hampered by large fluctuations in raw material costs based on availability, as well as an increase in the number of many other modern replacement materials.
Key Market Players
The major players in the market are JSC Stone & ALPS Stone, Levantina y Asociados de Minerales, S.A., Benchmark Building Supplies Limited, Xiamen Yeyang Stone Group, Precision Countertops, Inc., Regatta Universal Exports, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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