Home / Building & Construction / Stone Processing Market By Adhesives (Mastics, Sealants), By Product (Sealants, Mastics), By Type (Abrasives, Diamond, Carbide) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

Stone Processing Market By Adhesives (Mastics, Sealants), By Product (Sealants, Mastics), By Type (Abrasives, Diamond, Carbide) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

Published: May 2016 | Report Code: 57824-05-16

Limestone, granite, traprock, dolomite and quartz are the major rock types which are processed by the crushed stone industry. Natural stone processes, use a multi-stage crushing process for producing defined grain size from large lumps of rock. Stone processing has gained high importance in the market. Stone processing tools and adhesives are used on a large scale in the construction industry which has led to strong growth is reported for stone processing tools from the construction industry Growing population has led to high demand for construction activities worldwide. Hence, high demand is reported for stone processing tools and adhesives from the construction industry.

Diamond tools accounted for the major share around 35% of global stone processing market. The diamond tools are expected to be the fastest growing segment due to its advantageous properties. It is proved to be a better tool in stone cutting in comparison to other tools available in the market. The high grinding efficiency of diamond tools is the major factor driving its growth in the market. Other tools such as abrasives and carbide are also projected to boost market demand for stone processing market in the near future.

On the basis of adhesives, stone processing market is segmented into sealants, mastics and others among which sealants dominated the global stone processing market in 2016. Sealants are chemical elements which are used to make the surface airtight and watertight to avoid emission of solids, gases and liquids. Hence, these are used on a large scale for various applications in the end-user industries. Construction industry dominates the market in terms of demand of sealants. Other adhesives such as mastics are also anticipated to fuel demand for stone processing market during the forecast period from 2016 to 2022.

Stone processing market was valued at US$ 4.0 Bn in 2014 and is expected to reach US$ 10.3 Bn by 2022, growing at a CAGR of 8.6% during the forecast period 2016-2021.

Stone Processing Market

Purpose of the Report

The purpose of this strategic research study titled “Global Stone Processing Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global stone processing market.

Target Audience

  • Industry Investors
  • Stone Processing Providers/Vendors
  • Research Professionals
  • Emerging Companies
  • Raw Material Suppliers/ Buyers
  • Product Suppliers/ Buyers
  • Research Institutes

USP and Key Offerings

The report titled “Global Stone Processing Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” offers strategic insights into the global stone processing market along with the market size and estimates for the duration 2015 to 2022. The said research study covers in-depth analysis of multiple market segments based on tools, adhesives and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading stone processing vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

  • Current and future market trends to justify the forthcoming attractive markets within stone processing industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2013 – 2014)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global stone processing market, of growth, offering market size and estimates for the period from 2015 to 2022, keeping in mind the above mentioned factors.

1 PREFACE - 11 -
1.1 REPORT DESCRIPTION - 11 -
1.1.1 Purpose of the Report - 11 -
1.1.2 Target Audience - 11 -
1.1.3 USP and Key Offerings - 11 -
1.2 RESEARCH SCOPE - 12 -
1.3 MARKET SEGMENTATION - 12 -
1.4 RESEARCH METHODOLOGY - 13 -
1.4.1 Phase I – Secondary Research - 14 -
1.4.2 Phase II – Primary Research - 14 -
1.4.3 Phase III – Expert Panel Review - 15 -
1.4.4 Approach Adopted - 15 -

2 EXECUTIVE SUMMARY - 16 -
2.1 MARKET SNAPSHOT: GLOBAL STONE PROCESSING MARKET - 16 -
2.2 GLOBAL STONE PROCESSING MARKET, BY STONE PROCESSING TOOLS - 17 -
2.3 GLOBAL STONE PROCESSING MARKET, BY ADHESIVES - 17 -
2.4 GLOBAL STONE PROCESSING MARKET, BY GEOGRAPHY - 18 -

3 MARKET DYNAMICS - 19 -
3.1 INTRODUCTION - 19 -
3.1.1 Global stone processing market revenue, 2013-2022 (US$ million) - 19 -
3.2 MARKET INCLINATION INSIGHTS - 19 -
3.2.1 Diamond Tool: Fastest Growing Stone Processing Tool - 19 -
3.2.2 Sealants : Highly demanded adhesives - 20 -
3.3 MARKET DRIVERS - 21 -
3.3.1 Growing construction industry - 21 -
3.3.2 Rising demand in end-user segments – - 23 -
3.3.3 Rising Demand for Diamond Tools in stone processing - 24 -
3.4 MARKET GROWTH INHIBITORS - 25 -
3.4.1 Growing environmental concerns regarding the mining process - 25 -
3.4.2 Higher Capital Cost - 26 -
3.5 SEE-SAW ANALYSIS - 27 -
3.5.1 Impact Analysis of Drivers and Restraints - 28 -
3.6 ATTRACTIVE INVESTMENT PROPOSITION - 29 -
3.7 COMPETITIVE ANALYSIS - 29 -
3.7.1 Market Positioning of Key Companies - 29 -

4 GLOBAL STONE PROCESSING MARKET ANALYSIS, BY STONE PROCESSINGTOOLS - 30 -
4.1 OVERVIEW - 30 -
4.2 TORNADO ANALYSIS FOR STONE PROCESSING TOOLS MARKET - 30 -
4.3 ABRASIVES - 31 -
4.4 DIAMOND TOOLS - 32 -
4.5 CARBIDE - 35 -
4.5.1 Global Stone Processing Market Revenue for Carbide, 2013 – 2022, (US$ Mn) - 35 -
4.6 OTHERS (STEEL BLADES, ETC.). - 37 -
4.6.1 Global Stone Processing Market Revenue for Other Tools, 2013 – 2022, ( US $ Mn) - 37 -

5 GLOBAL STONE PROCESSING MARKET ANALYSIS, BY ADHESIVES - 39 -
5.1 OVERVIEW - 39 -
5.2 TORNADO ANALYSIS FOR STONE PROCESSING ADHESIVES MARKET - 39 -
5.3 MASTICS - 40 -
5.3.1 Global Stone Processing Market Revenue for Mastics, 2013 – 2022, (US$ Mn) - 40 -
5.4 SEALANTS - 41 -
5.4.1 Global Stone Processing Market Revenue for Sealants, 2013 – 2022, ($ Million) - 41 -
5.5 OTHERS (SYNTHETIC WAX, ETC.) - 43 -

6 NORTH AMERICA STONE PROCESSING MARKET ANALYSIS - 45 -
6.1 OVERVIEW - 45 -
6.1.1 North America stone processing market revenue, 2013-2022, (US$ MN). - 45 -
6.2 NORTH AMERICA STONE PROCESSING MARKET ANALYSIS, BY STONE PROCESSING TOOLS, 2013-2022, ($ MILLION) - 45 -
6.2.1 SRC ANALYSIS - 46 -
6.3 NORTH AMERICA STONE PROCESSING MARKET ANALYSIS, BY COUNTRY, 2013-2022 (US $ MILLION) - 47 -
6.3.1 U.S. Stone Processing Market Revenue, 2013 – 2022 ($Million) - 47 -

7 EUROPE STONE PROCESSING MARKET ANALYSIS - 50 -
7.1 OVERVIEW - 50 -
7.1.1 Europe Stone Processing Market Revenue, 2013 – 2022, ($ Million) - 50 -
7.2 EUROPE STONE PROCESSING MARKET ANALYSIS, BY ADHESIVES, 2013 – 2022 (KILO TONS) ($ MILLION) - 51 -
7.2.1 SRC Analysis - 51 -
7.3 EUROPE STONE PROCESSING MARKET ANALYSIS, BY REGION, 2013 – 2022 (US$ MN) - 52 -
7.3.1 EU (U.K., France, Germany) Stone Processing Market Revenue, 2013 – 2022 (US$ Mn) - 52 -
7.3.1.1 Comparative analysis of Europe Stone processing market revenue, By region, 2013-2022, (US $ Mn) - 54 -

8 ASIA PACIFIC STONE PROCESSING MARKET ANALYSIS - 55 -
8.1 8. OVERVIEW - 55 -
8.1.1 Asia Pacific Stone Processing Market Revenue, 2013 – 2022, ($ MILLION) - 55 -
8.2 ASIA PACIFIC STONE PROCESSING MARKET ANALYSIS, BY STONE PROCESSING TOOLS, 2013-2022 (US $ MN) - 56 -
8.2.1 SRC analysis - 56 -
8.3 ASIA PACIFIC STONE PROCESSING MARKET ANALYSIS, BY COUNTRY, 2013-2022 (KILO TONS) (US $ MN) - 57 -
8.3.1 China Stone Processing Market Volume and Revenue, 2013 – 2022 (Kilo Tons) (US$ Mn) - 57 -
8.3.2 Indian Subcontinent Stone Processing Market Volume and Revenue, 2013 – 2022 (Kilo Tons) ($ Mn) - 57 -
8.3.3 Japan Stone Processing Market Volume and Revenue, 2013 – 2022 (Kilo Tons) (US$ Mn) - 58 -
8.3.4 Comparative Analysis of Asia Pacific Stone Processing Market Revenue, By Region, 2013 – 2022, ($ Mn) - 59 -

9 MIDDLE EAST & AFRICA STONE PROCESSING MARKET ANALYSIS - 61 -
9.1 OVERVIEW - 61 -
9.1.1 Middle East & Africa Stone Processing Market Revenue, 2013 – 2022, (US$ Mn) - 61 -
9.2 MIDDLE EAST & AFRICA STONE PROCESSING MARKET ANALYSIS, BY ADHESIVES, 2013 – 2022 (US$ MN) - 62 -
9.2.1 SRC Analysis - 62 -
9.3 MIDDLE EAST & AFRICA STONE PROCESSING MARKET ANALYSIS, BY COUNTRY, 2013 – 2022 (KILO TONS) (US$ MN) - 63 -
9.3.1 South Africa Stone Processing Market Volume and Revenue, 2013 – 2022 (Kilo Tons) (US$ Mn) - 63 -
9.3.2 Saudi Arabia Stone Processing Market Volume and Revenue, 2013 – 2022(Kilo Tons) (US$ Mn) - 65 -
9.3.3 Comparative Analysis of Middle East & Africa Stone Processing Market Revenue, By Country, 2013 – 2022, (US$ Mn) - 65 -

10 REST OF WORLD STONE PROCESSING ANALYSIS - 67 -
10.1 OVERVIEW - 67 -
10.1.1 RoW Stone Processing Market Revenue, 2013 – 2022, (US$ Mn) - 67 -
10.2 ROW STONE PROCESSING MARKET ANALYSIS, BY ADHESIVES, 2013 – 2022 ($ MN) - 68 -
10.2.1 SRC Analysis - 68 -
10.2.2 ustralia Stone Processing Market, 2013 – 2022 (Kilo Tons) ($ Mn) - 69 -
10.2.3 Brazil Stone Processing Market, 2013 – 2022 (Kilo Tons) ($ Mn) - 69 -
10.2.4 Comparative Analysis of RoW Stone Processing Market Revenue, By Country, 2013 – 2022, (US$ Mn) - 69 -

11 COMPANY PROFILES - 70 -
11.1 TENAX - 70 -
11.1.1 Overview: - 70 -
11.1.2 Product Portfolio: - 71 -
11.1.3 SCOT Analysis: - 71 -
11.2 MONTE BIANCO - 72 -
11.2.1 Overview: - 72 -
11.2.2 Product Portfolio: - 72 -
11.2.3 SCOT Analysis: - 73 -
11.2.4 Recent Developments: - 73 -
11.3 SAIT - 74 -
11.3.1 Overview: - 74 -
11.3.2 Product Portfolio: - 74 -
11.3.3 SCOT Analysis: - 75 -
11.4 ENLATAS CAMATTINI - 76 -
11.4.1 Overview: - 76 -
11.4.2 Product Portfolio: - 76 -
11.4.3 SCOT Analysis: - 77 -
11.4.4 Recent Developments: - 77 -

11.5 DUNA-CORRADINI - 78 -
11.5.1 Overview: - 78 -
11.5.2 Product portfolio: - 78 -
11.5.3 Scot analysis: - 78 -
11.5.4 Recent Developments: - 79 -
11.6 ADRIA MACHINE & TOOL - 80 -
11.6.1 Overview: - 80 -
11.6.2 Product portfolio: - 80 -
11.6.3 Scot analysis: - 81 -
11.6.4 Recent Developments: - 81 -
11.7 BIBIELLE - 82 -
11.7.1 Overview- - 82 -
11.7.2 Product portfolio- - 82 -
11.7.3 SCOT- - 83 -
11.8 TYROLIT - 84 -
11.8.1 Overview- - 84 -
11.8.2 Product portfolio- - 84 -
11.8.3 SCOT - 85 -
11.9 GLOBAL STONE - 86 -
11.9.1 Overview: - 86 -
11.9.2 Product portfolio: - 86 -
11.9.3 Scot analysis: - 87 -
11.9.4 Recent Developments: - 87 -
11.10 BRETON SPA, - 88 -
11.10.1 Overview: - 88 -
11.10.2 Product Portfolio: - 88 -
11.10.3 SCOT Analysis: - 89 -
11.10.4 Recent Developments: - 89 -
11.11 SHANGHAI SHENBANG MACHINERY CO., LTD.( CATHAY CRUSHERS) - 90 -
11.11.1 Overview: - 90 -
11.11.2 Product Portfolio: - 90 -
11.11.3 SCOT Analysis: - 91 -
11.12 KLEEMANN GMBH - 92 -
11.12.1 Overview: - 92 -
11.12.2 Product Portfolio: - 92 -
11.12.3 SCOT Analysis: - 93 -
11.12.4 Recent Developments: - 93 -

LIST OF TABLES

TABLE 1 MARKET SNAPSHOT: GLOBAL STONE PROCESSING MARKET - 16 -
TABLE 2 NORTH AMERICA’S CONSTRUCTION AGGREGATES DEMANDS (MILLION METRIC TONS):- - 22 -
TABLE 3 WORLD’S CONSTRUCTION AGGREGATES DEMANDS (MILLION METRIC TONS) - 22 -
TABLE 4 WORLD’S CONSTRUCTION AGGREGATES DEMANDS BY TYPES 2012 -2022 - 23 -
TABLE 5 FIXED CAPITAL INVESTMENT OF A SMALL SIZE STONE PROCESSING UNIT - 26 -
TABLE 6 TABLE 3 IMPACT INDICATORS - 28 -
TABLE 7 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS - 28 -
TABLE 8 NORTH AMERICA STONE PROCESSING MARKET ANALYSIS, BY TOOLS,
2013 – 2022 ($ MILLION)
- 47 -
TABLE 9 EUROPE STONE PROCESSING MARKET BY ADHESIVES, 2013-2022 (US $ MILLION) - 52 -
TABLE 10 ASIA PACIFIC PROCESSING MARKET, BY STONE PROCESSING TOOLS,
2013-2022 (US $ MN)
- 56 -
TABLE 11 MIDDLE EAST & AFRICA STONE PROCESSING MARKET, BY ADHESIVES,
2013 – 2022 (US$ MN)
- 63 -
TABLE 12 MIDDLE EAST & AFRICA STONE PROCESSING MARKET ANALYSIS, BY COUNTRY,
2013 – 2022 (KILO TONS) (US$ MN)
- 63 -
TABLE 13 ROW STONE PROCESSING MARKET ANALYSIS, BY ADHESIVES, 2013 – 2022 ($ MN) - 68 -
TABLE 14 ROW STONE PROCESSING MARKET ANALYSIS, BY REGION,
2013 – 2022 (KILO TONS) ($ MN) - 68 -

LIST OF FIGURES

FIGURE 1. GLOBAL STONE PROCESSING: MARKET SEGMENTATION - 13 -
FIGURE 2. GLOBAL STONE PROCESSING MARKET: RESEARCH METHODOLOGY - 14 -
FIGURE 3. GLOBAL STONE PROCESSING MARKET, BY STONE PROCESSING TOOLS, 2016 (US$ MN) - 17 -
FIGURE 4. GLOBAL STONE PROCESSING MARKET, BY ADHESIVES, 2016 (US$ MN) - 18 -
FIGURE 5. GLOBAL STONE PROCESSING MARKET, BY GEOGRAPHY, 2016 (US$ MN) - 18 -
FIGURE 6. GLOBAL STONE PROCESSING MARKET REVENUE, 2013-2022 (US $ MILLION) - 19 -
FIGURE 7. CONSTRUCTION EXPENDITURE IN DEVELOPING MARKETS, 2015 - 21 -
FIGURE 8. DIAMOND PRODUCING COUNTRIES, 2012 - 25 -
FIGURE 9. SEE-SAW ANALYSIS, GLOBAL STONE PROCESSING MARKET (2014-2022) - 27 -
FIGURE 10. MARKET POSITIONING OF KEY STONE PROCESSING COMPANIES , 2014 - 29 -
FIGURE 11. TORNADO ANALYSIS FOR STONE PROCESSING TOOLS MARKET – 2022 REVENUES
$(MILLION)
- 30 -
FIGURE 12. GLOBAL STONE PROCESSING MARKET REVENUE FOR ABRASIVES,
2013-2022 (US $ MILLION)
- 31 -
FIGURE 13. GLOBAL STONE PROCESSING MARKET REVENUE FOR DIAMOND TOOLS,
2013-2022, (US $ MILLION)
- 32 -
FIGURE 14. SYNTHETIC DIAMOND PRODUCTION WORLDWIDE, 2012, (1000 CARAT) - 33 -
FIGURE 15. GLOBAL SYNTHETIC DIAMOND MARKET SHARE BY VOLUME, END-USER APPLICATION,
2014 - 34 -
FIGURE 16. U.S. INDUSTRIAL DIAMOND MARKET, 2013 (MILLION CARATS) - 35 -
FIGURE 17. GLOBAL SILICON CARBIDE PRODUCTION, 2012 - 36 -
FIGURE 18. GLOBAL STONE PROCESSING MARKET REVENUE FOR CARBIDE, 2013 – 2022, (US$ MN) - 36 -
FIGURE 19. GLOBAL STONE PROCESSING MARKET REVENUE FOR OTHER TOOLS,
2013 – 2022, ( US $ MN)
- 37 -
FIGURE 20. CONSTRUCTION INDUSTRY GROWTH RATE, 2013 - 38 -
FIGURE 21. TORNADO ANALYSIS FOR STONE PROCESSING ADHESIVES MARKET – 2022 REVENUES
$(MILLION)
- 39 -
FIGURE 22. GLOBAL STONE PROCESSING MARKET REVENUE FOR MASTICS, 2013-2022, (US $ MILLION)
- 40 -
FIGURE 23. APPLICATION OF SEALANTS IN CONSTRUCTION INDUSTRY. - 41 -
FIGURE 24. GLOBAL STONE PROCESSING MARKET REVENUE FOR SEALANTS, 2013-2022 (US $ MN) - 42 -
FIGURE 25. GLOBAL CONSUMPTION OF SEALANTS ON THE BASIS OF TYPES, 2012 - 43 -
FIGURE 26. GLOBAL STONE PROCESSING MARKET REVENUE FOR OTHER ADHESIVES,
2013 – 2022, (US$ MN)
- 44 -
FIGURE 27. NORTH AMERICA STONE PROCESSING MARKET REVENUE, 2013-2022, (US$ MN) - 45 -
FIGURE 28. CONSTRUCTION EXPENDITURES IN NORTH AMERICA (BILLION $) - 46 -
FIGURE 29. FIGURE:CONSTRUCTION INDUSTRIES IN NORTH AMERICA SEGMENT WISE, (US BILLION $)
- 46 -
FIGURE 30. IMPORTS OF SYNTHETIC DIAMONDS IN US (1000 CARATS) - 48 -
FIGURE 31. COMPARATIVE ANALYSIS OF NORTH AMERICA STONE PROCESSING MARKET REVENUE, BY COUNTRY, 2013-2022, (US $ MILLION)
- 48 -
FIGURE 32. IMPORTS IN US FROM VARIOUS COUNTRIES - 49 -
FIGURE 33. EUROPE STONE PROCESSING MARKET REVENUE, 2013-2022, (US $ MILLION) - 50 -
FIGURE 34. DEMAND OF ABRASIVES IN EUROPE (MILLION $) - 51 -
FIGURE 35. DEMAND OF INTERMEDIATE STONE PRODUCTS IN DIFFERENT COUNTRIES, 2014 - 53 -
FIGURE 36. COMPARATIVE ANALYSIS OF EUROPE STONE PROCESSING MARKET REVENUE, BY REGION, 2013-2022, (US $ MN)
- 54 -
FIGURE 37. COMPARATIVE ANALYSIS OF U.K. AND REST OF EUROPE STONE PROCESSING MARKET REVENUE, 2013-2022, (US $ MN)
- 54 -
FIGURE 38. FIGURE. 23 ASIA PACIFIC STONE PROCESSING MARKET REVENUE, 2013 – 2022, ($ MN) - 55 -
FIGURE 39. GROWTH IN REVENUES FROM CONSTRUCTION EQUIPMENT ($ BILLION) - 58 -
FIGURE 40. COMPARATIVE ANALYSIS OF ASIA PACIFIC STONE PROCESSING MARKET REVENUE, BY REGION, 2013 – 2022, ($ MN)
- 59 -
FIGURE 41. COMPARATIVE ANALYSIS OF CHINA AND REST OF APAC STONE PROCESSING MARKET REVENUE, 2013-2022 ($ MILLION)
- 59 -
FIGURE 42. MIDDLE EAST & AFRICA STONE PROCESSING MARKET REVENUE, 2013 – 2022, (US$ MN) - 62 -
FIGURE 43. MARKET CAPITALIZATION OF TOP 7 CONSTRUCTION COMPANIES (U.S. $ BILLION) - 65 -
FIGURE 44. COMPARATIVE ANALYSIS OF MIDDLE EAST & AFRICA STONE PROCESSING MARKET REVENUE, BY COUNTRY, 2013-2022, (US $ MILLION)
- 66 -
FIGURE 45. ROW STONE PROCESSING MARKET REVENUE, 2013 – 2022, (US$ MN). - 67 -
FIGURE 46. COMPARATIVE ANALYSIS OF ROW STONE PROCESSING MARKET REVENUE, BY COUNTRY, 2013 – 2022, (US$ MN)
- 69 -

On the basis of its adhesives, the stone processing market is categorized into following segments:

  • Sealants
  • Mastics
  • Others

Stone Processing Market

Sealants accounted for the larger share of global stone processing market in 2016. It accounted for more than 40% share of the global market. Sealants are the blocking or sealing materials used to block the passage of fluids from the surface and opening of joints. Sealant can be permanent or temporary. Sealants in the construction industry are used on a large scale for blocking of sound and heat transmission. The market for sealant is expected to grow due to the rising demand from small manufacturers in the market. Mastics accounted as the fastest growing and second largest segment of stone processing market in 2016. Mastic is a paint resin which is used as adhesive to bond ceilings, walls, floor tiles and concrete among others. It accounted for more than 39% share of global stone processing market in 2016. Growing construction industry is the major factor driving the growth of mastics in the market. Rising demand for construction materials such as cement, stone, sand and woods have boosted market for adhesives in the market. High demand is reported for adhesives from the constructional industry worldwide. Hence, mastics are anticipated to grow in the near future. Other adhesives are also expected to fuel demand for stone processing market during the forecast period from 2016 to 2022.

Stone Processing Tools Segmentation Analysis

On the basis of processing tools, the stone processing market is categorized into following segments:

  • Abrasives
  • Diamond
  • Carbide
  • Others

Stone Processing Market


Stone processing tools market is segmented into segments which include abrasives, diamond, carbide and others. Diamonds dominated the global stone processing tools market in 2016.It is made by hot pressing of metal powder, diamond grit which is held in the powder matrix. Diamond being hard stone, high growth is expected in the application of stone processing tools in the market. Growing progress in the diamond manufacturing technology has led to rising demand for stone processing market. High application of diamonds in the industrial sector has also fueled growth of global stone processing tools market worldwide. Silicon carbide is a crystalline compound which is made up of carbon and silicon. It is a replacement for silicon based semi-conductors for the electronic industry. The properties of carbide such as low density, strength, high thermal conductivity, thermal shock resistance, hardness and low thermal expansion are driving the growth of carbide in the market. Another factor which promotes the use of carbide is its use in tough environments. Asia Pacific is the major consumer of silicon carbides followed by North America. Silicon carbide is expected to boost growth for stone processing market and will increase in the near future. Other tools are also projected to fuel demand for stone processing market during the forecast period from 2016 to 2022.

On the basis of geography, the global stone processing market is segmented into following categories,

  • North America
    • U.S.
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • Others
  • Rest of the World (RoW)
    • Australia
    • Brazil
    • Others

 

Stone Processing Market

North America accounted for the largest share of global stone processing tools market in 2016. It accounted for more than 32% share of global stone processing tools market. Industries such as construction, sealants, diamond tools and abrasives are expected to generate high demand for stone processing tools in the market. North America is driven by rising stone processing market in the construction sector. U.S. is the major country driving the growth of construction industry in the region. Hence, North America is expected to boost market growth of stone processing tools worldwide. Europe followed North America in terms of demand for stone processing tools. It is the fastest growing market and second largest market for stone processing tools market.  Europe is known to use natural stone since ancient times and the practice of using natural stone is carried forward till date. Therefore, strong demand is reported for stone processing tools from the construction industry in the region. Asia Pacific includes stone processing markets of India, China and Japan. Asia Pacific is also known as large stone trade region worldwide. Hence, Asia Pacific boosts market growth for stone processing tools in the market and is anticipated to increase in the near future. Others regions are projected to fuel market demand for stone processing tools during the forecast period from 2016 to 2022.

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