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Building Stone: Market Growth, Future Prospects, Competitive Analysis and Forecast, 2016 - 2023

Overview:

Stone are one of the most widely used traditional building materials in human history. Architecture and construction industry have been the major consumers of stones since ages. The stones which are used for construction activities are naturally occurring rocks of sedimentary, igneous or metamorphic origin which can be cut or shaped into blocks and slabs. Stones which are used for building and construction occur throughout the geographical column and have a worldwide distribution. The use of stones in the past years was limited to large scale public gathering, government building and homes of wealthy. The reason behind it was the same labor-intensive stone-processing techniques used for centuries were practiced, making use of stone exclusive because of its high cost. However, the architects have invented modern ideas in making use of stones in the building and construction industry. Hence, stones have been widely used in the market worldwide.

Demand for stones if highly influenced by the peaks and troughs in the construction industry. The need for shelter has been the major problem of the growing population in the world, especially in the emerging economies such as Asia Pacific. Growing population has therefore boosted growth of construction industry. The modern construction industry has been focusing on bringing new trends in the market by making use of traditional building materials in new fashion. Therefore, high demand is reported for building stones in the global market. The different types of stones such as granite, limestone, marble, sandstones, etc. are used according to requirement for color, shape or size of the stones. Texture, pattern and color are the three factors of building stone which influence the selection by architects for artistic reasons. Hence, high demand is experienced for stones from the construction sector worldwide. Asia Pacific is the major consumer of building stones worldwide due to the growing construction industry in the region. Middle East and Africa is also expected to boost growth of building stone market due to the booming construction activities in the region. Qatar and the UAE are moving close to hosting the prestigious world renowned events such as the FIFA World Cup 2022 and the Expo 2020, Dubai. Other factors driving the growth of global building stone market include diversification and expansion plans across sectors in the Middle East. Regions such as North America and Europe are also expected to boost growth of global building stones market in the near future. Hence, building stones widely used in the market is expected to gain high demand during the forecast period.

The global building stone market is segmented on the following bases:

  • Type
    • Granite
    • Limestone
    • Marble
    • Sandstone
    • Slate
  • End-User
    • Residential
    • Commercial
    • Landscapes
    • Others
  • Geography
    • North America
      • US
      • Canada
    • Europe
      • Germany
      • UK
      • France
      • Rest of Europe
    • Asia-Pacific (APAC)
      • China
      • India
      • Japan
      • Rest of APAC
    • Rest of the World
      • Latin America
      • Middle East & Africa
      • Others

Key Players Identified for Building Stone Market Include but are Not Limited to:

Emmaboda Granit AB, Krukowski Stone Co. Inc., Stamford Stone.Co., Ltd., Arriscraft International, Al-Waleed Stone Manufacturing & Marketing Company, Headwaters, Inc., Corinthian Cast Stone Inc, Bradstone and Jerusalem Gardens Stone Works, etc.

 This report offers:

  • An overview of the global markets for building stone market
  • Market trends assessment for the period 2013-2023, with historical information for 2013 & 2014, and projections through 2023, with respective CAGRS during 2016-2023
  • Qualitative assessment tools such as market drivers, challenges and future prospects, market attractiveness and positioning of key players
  • Focus on each level of market segmentation based on product approvals, launch, and current and anticipated market dynamics.
  • A general overview of the industry structure
  • Company profiles highlighting key information about the major players operating in the building stone market
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