Natural Stone and Marble Market: Industry Analysis and Forecast (2022-2029)

Natural Stone and Marble Market size was valued at US$ 53.83 Bn. in 2021 and the total revenue is expected to grow at 4% through 2022 to 2029, reaching nearly US$ 73.67 Bn.

Natural Stone and Marble Market Overview:

Earth-mined or biological substances utilised as decorative decorations and construction materials are referred to as natural stones. Natural stones such as marble, limestone, granite, slate, quartzite, sandstone, laterite, and basalt are widely employed. They are hand-selected stones that have been produced over millions of years by a mix of heat and pressure. Natural stones can be found in a variety of applications, including flooring, wall cladding, countertops, backsplashes, sculptures, decorative items, roofing, bathtubs, and swimming pools. Density, strength, colour intensity, look, hardness, colour blend, texture, and structure are only few of the characteristics they have. Natural stones come in a variety of textures, forms, colours, and sizes and are resilient, environmentally friendly, easy to keep, and cost-effective. As a result, they're widely used in residential, commercial, hospital, and school construction.Natural Stone and Marble MarketTo know about the Research Methodology :- Request Free Sample Report

Natural Stone and Marble Market Dynamics:

Rising Construction Industry and urbanization – By 2029, the worldwide construction market is predicted to rise by over 70%. The major user of natural stone and marbles is the construction industry. In emerging countries, rapid urbanization and industrialization have resulted in a massive increase in demand for these materials. High-rise structures and commercial complexes have also increased significantly. Natural stones contribute significantly to a building's interior visual appeal. One of the key drivers of the Natural Stone and Marble Market is this. Features of Natural Stone – Natural stone goods are more durable than artificial stone products, and they can last for decades with minimal upkeep. These stones are also useful in places like kitchens, baths, and other public areas. The growing popularity of stone wall claddings among homeowners has also aided the expansion of the Natural Stone and Marble Market. Competition from Ceramic Tiles – Despite the fact that demand for natural stone and marble is increasing, artificial concrete blocks and ceramic tiles are in high demand. Furthermore, they are inexpensive, making them an appealing option for countries with little disposable income, affecting the Natural Stone and Marble Market's growth. Ceramic tiles have a glazed surface that makes them waterproof, stain-resistant, and durable. As a result, they eliminate the need for a second coat of sealant. Natural stones, on the other hand, are porous, which means that a sealer must be placed on a regular basis to ensure that the gaps are filled and that water and stain resistance is accomplished. Growing demand from developing countries – According to a report by Global Construction and Oxford Economics, the construction industries in the United States and India are expected to grow faster than those in China. The rise in demand for housing and other infrastructure growth has been fueled by rising population, personal disposable income, and earning capacity. Innovation in Ceramic and LVT categories – Manufacturers can offer very realistic stone visuals at a fraction of the cost of natural stone using innovative technologies in alternative products like ceramic and LVT. The market for natural stone and marble is being challenged by these hard surfaces.

Natural Stone and Marble Market Segment Analysis:

By Type, the Natural Stone and Marble Market is segmented as Granite, Limestone, Marble, Sandstone, Slate, Others. Granite and Limestone dominate the Natural Stone and Marble Market with the market share of 31.67% and 30.33% respectively in the year of 2021. Granite is a largely available natural stone at a cheap cost with many features like heat, stain and slip resistance and is aesthetically appealing and is used for kitchen countertops, exterior wall claddings. Thus, have a huge demand and leads the market. Limestone is the natural stone mainly used for road bases, rail ballast, foundation stone, etc. so have a high demand in the market. Marble has the market share of 15% in 2021 as it is one of the most popular choices for interior designs and is used in ballistic designs, marble countertops, etc. Sandstone has the market share of 10% in 2021 followed by Slate with the market share of 8% in 2021 as slate is commonly used for kitchen and bathroom floors. Other types include natural stones such as soapstone, travertine, and onyx with good applications in construction industry and have the market share of 5% in 2021. By Application, the Natural Stone and Marble Market is segmented as Building Construction, Monumental, Others. Building construction dominates the market with the market share of 68% in 2021 as most of the natural stone is used in houses, high-rise buildings, shopping and corporate complexes, etc. With the market share of 22% in 2021, monumental stands at 2nd place in the market as monuments are increasing and they don’t use tiles for monuments, only natural stone and marble. Other applications include furniture, coffee tables, benches, etc. and have the market share of 10% in 2021 as these applications were made mostly from wood or metal but natural stone is new for these applications.

Natural Stone and Marble Market Regional Insights:

Asia Pacific dominates the Natural Stone and Marble Market with the market share of 54.38% in 2021 owing mainly to India and China due to large construction industry and most natural stones are exported from India to China and then processed products are then re-exported from China to all over the world. Europe has the market share of 20.3% in 2021 due to presence of many key players and many large corporate complexes using natural stone and marble for interior and exterior of these buildings. North America has the market share of 13.6% in 2021 as most houses there has either wood or tiles for flooring and vertical walls too and use of natural stone is very less. However, use of natural stone and marble in North America is high for monumental applications. Middle East & Africa has the market share of 7.8% in 2021 as the number of high-rise buildings are more in middle east and they mainly use glass for exterior but marble for interior. South America has the market share of 3.92% in 2021 due to less purchasing power, the affordability of natural stones is less and use mainly wood for building houses. The objective of the report is to present a comprehensive analysis of the Natural Stone and Marble market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Natural Stone and Marble market dynamics, structure by analyzing the market segments and project the Natural Stone and Marble market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Natural Stone and Marble market make the report investor’s guide.

Natural Stone and Marble Market Scope: Inquiry Before Buying

Natural Stone and Marble Market
Base Year 2021 Forecast Period 2022-2029
Historical Data CAGR Market Size in 2021 Market Size in 2029
2017 to 2021 4% US$ 53.83 Bn US$ 73.67 Bn
Segments Covered
by Type • Granite • Limestone • Marble • Sandstone • Slate • Others by Application • Building Construction • Monumental • Others
Regions Covered
North America • United States • Canada • Mexico Europe • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe Asia Pacific • China • S Korea • Japan • India • Australia • Indonesia • Malaysia • Vietnam • Taiwan • Bangladesh • Pakistan • Rest of APAC Middle East and Africa • South Africa • GCC • Egypt • Nigeria • Rest of ME&A South America • Brazil • Argentina • Rest of South America

Natural Stone and Marble Market Key Players

Aro Granite Industries Ltd. (India) • Dimpomar (Portugal) • Antolini Luigi and C. S.p.A. (Italy) • Dermitzakis Bros S.A. (Greece) • Levantina y Asociados de Minerales, S.A. (Spain) • MARGRAF (Italy) • RANAMAR (Turkey) • Polycor Inc. (Canada) • Temmer Marble (Turkey) • Southland Stone USA, Inc. (U.S.) • Xishi Stone Group (China) • CUPA Group (Spain) Frequently Asked Questions: 1. Which region has the largest share in Global Natural Stone and Marble Market? Ans: Asia Pacific region held the highest share in 2021. 2. What is the growth rate of Global Natural Stone and Marble Market? Ans: The Global Natural Stone and Marble Market is growing at a CAGR of 4% during forecasting period 2022-2029. 3. What is scope of the Global Natural Stone and Marble Market report? Ans: Global Natural Stone and Marble Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Natural Stone and Marble Market? Ans: The important key players in the Global Natural Stone and Marble Market are – Aro Granite Industries Ltd. (India), Dimpomar (Portugal), Antolini Luigi and C. S.p.A. (Italy), Dermitzakis Bros S.A. (Greece), Levantina y Asociados de Minerales, S.A. (Spain), MARGRAF (Italy), RANAMAR (Turkey), Polycor Inc. (Canada), Temmer Marble (Turkey), Southland Stone USA, Inc. (U.S.), Xishi Stone Group (China), and CUPA Group (Spain) 5. What is the study period of this Market? Ans: The Global Natural Stone and Marble Market is studied from 2021 to 2029.
1. Natural Stone and Marble Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Natural Stone and Marble Market: Dynamics 2.1. Natural Stone and Marble Market Trends by Region 2.1.1. North America Natural Stone and Marble Market Trends 2.1.2. Europe Natural Stone and Marble Market Trends 2.1.3. Asia Pacific Natural Stone and Marble Market Trends 2.1.4. Middle East and Africa Natural Stone and Marble Market Trends 2.1.5. South America Natural Stone and Marble Market Trends 2.2. Natural Stone and Marble Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Natural Stone and Marble Market Drivers 2.2.1.2. North America Natural Stone and Marble Market Restraints 2.2.1.3. North America Natural Stone and Marble Market Opportunities 2.2.1.4. North America Natural Stone and Marble Market Challenges 2.2.2. Europe 2.2.2.1. Europe Natural Stone and Marble Market Drivers 2.2.2.2. Europe Natural Stone and Marble Market Restraints 2.2.2.3. Europe Natural Stone and Marble Market Opportunities 2.2.2.4. Europe Natural Stone and Marble Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Natural Stone and Marble Market Drivers 2.2.3.2. Asia Pacific Natural Stone and Marble Market Restraints 2.2.3.3. Asia Pacific Natural Stone and Marble Market Opportunities 2.2.3.4. Asia Pacific Natural Stone and Marble Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Natural Stone and Marble Market Drivers 2.2.4.2. Middle East and Africa Natural Stone and Marble Market Restraints 2.2.4.3. Middle East and Africa Natural Stone and Marble Market Opportunities 2.2.4.4. Middle East and Africa Natural Stone and Marble Market Challenges 2.2.5. South America 2.2.5.1. South America Natural Stone and Marble Market Drivers 2.2.5.2. South America Natural Stone and Marble Market Restraints 2.2.5.3. South America Natural Stone and Marble Market Opportunities 2.2.5.4. South America Natural Stone and Marble Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Natural Stone and Marble Industry 2.8. Analysis of Government Schemes and Initiatives For Natural Stone and Marble Industry 2.9. Natural Stone and Marble Market price trend Analysis (2021-22) 2.10. Natural Stone and Marble Market Trade Analysis 2.10.1. Global Import Analysis 2.10.1.1. Top Importer of Natural Stone and Marble 2.10.2. Global Export Analysis 2.10.2.1. Top Exporter of Natural Stone and Marble 2.11. Natural Stone and Marble Production Analysis 2.12. The Global Pandemic Impact on Natural Stone and Marble Market 3. Natural Stone and Marble Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value and Volume) 2022-2029 3.1. Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 3.1.1. Granite 3.1.2. Limestone 3.1.3. Marble 3.1.4. Sandstone 3.1.5. Slate 3.1.6. Others 3.2. Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 3.2.1. Building Construction 3.2.2. Monumental 3.2.3. Others 3.3. Natural Stone and Marble Market Size and Forecast, by Region (2022-2029) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Natural Stone and Marble Market Size and Forecast by Segmentation (by Value and Volume) 2022-2029 4.1. North America Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 4.1.1. Granite 4.1.2. Limestone 4.1.3. Marble 4.1.4. Sandstone 4.1.5. Slate 4.1.6. Others 4.2. North America Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 4.2.1. Building Construction 4.2.2. Monumental 4.2.3. Others 4.3. North America Natural Stone and Marble Market Size and Forecast, by Country (2022-2029) 4.3.1. United States 4.3.1.1. United States Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 4.3.1.1.1. Granite 4.3.1.1.2. Limestone 4.3.1.1.3. Marble 4.3.1.1.4. Sandstone 4.3.1.1.5. Slate 4.3.1.1.6. Others 4.3.1.2. United States Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 4.3.1.2.1. Building Construction 4.3.1.2.2. Monumental 4.3.1.2.3. Others 4.3.2. Canada 4.3.2.1. Canada Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 4.3.2.1.1. Granite 4.3.2.1.2. Limestone 4.3.2.1.3. Marble 4.3.2.1.4. Sandstone 4.3.2.1.5. Slate 4.3.2.1.6. Others 4.3.2.2. Canada Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 4.3.2.2.1. Building Construction 4.3.2.2.2. Monumental 4.3.2.2.3. Others 4.3.3. Mexico 4.3.3.1. Mexico Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 4.3.3.1.1. Granite 4.3.3.1.2. Limestone 4.3.3.1.3. Marble 4.3.3.1.4. Sandstone 4.3.3.1.5. Slate 4.3.3.1.6. Others 4.3.3.2. Mexico Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 4.3.3.2.1. Building Construction 4.3.3.2.2. Monumental 4.3.3.2.3. Others 5. Europe Natural Stone and Marble Market Size and Forecast by Segmentation (by Value and Volume) 2022-2029 5.1. Europe Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 5.2. Europe Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 5.3. Europe Natural Stone and Marble Market Size and Forecast, by Country (2022-2029) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 5.3.1.2. United Kingdom Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 5.3.2. France 5.3.2.1. France Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 5.3.2.2. France Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 5.3.3. Germany 5.3.3.1. Germany Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 5.3.3.2. Germany Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 5.3.4. Italy 5.3.4.1. Italy Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 5.3.4.2. Italy Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 5.3.5. Spain 5.3.5.1. Spain Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 5.3.5.2. Spain Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 5.3.6. Sweden 5.3.6.1. Sweden Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 5.3.6.2. Sweden Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 5.3.7. Austria 5.3.7.1. Austria Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 5.3.7.2. Austria Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 5.3.8.2. Rest of Europe Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 6. Asia Pacific Natural Stone and Marble Market Size and Forecast by Segmentation (by Value and Volume) 2022-2029 6.1. Asia Pacific Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 6.2. Asia Pacific Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 6.3. Asia Pacific Natural Stone and Marble Market Size and Forecast, by Country (2022-2029) 6.3.1. China 6.3.1.1. China Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 6.3.1.2. China Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 6.3.2. S Korea 6.3.2.1. S Korea Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 6.3.2.2. S Korea Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 6.3.3. Japan 6.3.3.1. Japan Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 6.3.3.2. Japan Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 6.3.4. India 6.3.4.1. India Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 6.3.4.2. India Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 6.3.5. Australia 6.3.5.1. Australia Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 6.3.5.2. Australia Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 6.3.6. Indonesia 6.3.6.1. Indonesia Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 6.3.6.2. Indonesia Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 6.3.7. Malaysia 6.3.7.1. Malaysia Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 6.3.7.2. Malaysia Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 6.3.8. Vietnam 6.3.8.1. Vietnam Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 6.3.8.2. Vietnam Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 6.3.9. Taiwan 6.3.9.1. Taiwan Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 6.3.9.2. Taiwan Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 6.3.10.2. Rest of Asia Pacific Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 7. Middle East and Africa Natural Stone and Marble Market Size and Forecast by Segmentation (by Value and Volume) 2022-2029 7.1. Middle East and Africa Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 7.2. Middle East and Africa Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 7.3. Middle East and Africa Natural Stone and Marble Market Size and Forecast, by Country (2022-2029) 7.3.1. South Africa 7.3.1.1. South Africa Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 7.3.1.2. South Africa Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 7.3.2. GCC 7.3.2.1. GCC Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 7.3.2.2. GCC Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 7.3.3. Nigeria 7.3.3.1. Nigeria Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 7.3.3.2. Nigeria Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 7.3.4.2. Rest of ME&A Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 8. South America Natural Stone and Marble Market Size and Forecast by Segmentation (by Value and Volume) 2022-2029 8.1. South America Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 8.2. South America Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 8.3. South America Natural Stone and Marble Market Size and Forecast, by Country (2022-2029) 8.3.1. Brazil 8.3.1.1. Brazil Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 8.3.1.2. Brazil Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 8.3.2. Argentina 8.3.2.1. Argentina Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 8.3.2.2. Argentina Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Natural Stone and Marble Market Size and Forecast, by Type (2022-2029) 8.3.3.2. Rest Of South America Natural Stone and Marble Market Size and Forecast, by Application (2022-2029) 9. Global Natural Stone and Marble Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Production of 2022 9.3.6. Company Locations 9.4. Leading Natural Stone and Marble Market Companies, by market capitalization 9.5. Analysis of Organized and Unorganized Key Players in Natural Stone and Marble Industry 9.6. Market Structure 9.6.1. Market Leaders 9.6.2. Market Followers 9.6.3. Emerging Players 9.7. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Aro Granite Industries Ltd. (India) 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Dimpomar (Portugal) 10.3. Antolini Luigi and C. S.p.A. (Italy) 10.4. Dermitzakis Bros S.A. (Greece) 10.5. Levantina y Asociados de Minerales, S.A. (Spain) 10.6. MARGRAF (Italy) 10.7. RANAMAR (Turkey) 10.8. Polycor Inc. (Canada) 10.9. Temmer Marble (Turkey) 10.10. Southland Stone USA, Inc. (U.S.) 10.11. Xishi Stone Group (China) 10.12. CUPA Group (Spain) 11. Key Findings 12. Industry Recommendations 13. Natural Stone and Marble Market: Research Methodology 14. Terms and Glossary

About This Report

Report ID 148185
Category Material & Chemical
Published Date Feb 2023
Updated Date
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