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

Limestone, granite, trap rock, dolomite, and quartz are the major rock types 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. As a result, 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 reported for stone processing tools in the construction industry Growing population has led to high demand for construction activities worldwide. Hence, the construction industry reports high demand for stone processing tools and adhesives.

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

Based on adhesives, the 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 that are used to make the surface airtight and watertight to avoid the emission of solids, gases, and liquids. Hence, these are used on a large scale for various applications in the end-user industries. The construction industry dominates the market in terms of demand for sealants. Other adhesives, such as mastics, are also anticipated to fuel demand for the stone processing market during the forecast period from 2016 to 2022.

The 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.

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 to 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

Overall, the research study provides:

  • A holistic view of the global stone processing market growth.
  • Offering market size and estimates for the period from 2015 to 2022.
  • Keeping in mind the above-mentioned factors.

Based on its adhesives, the stone processing market is categorized into the following segments:

  • Sealants
  • Mastics
  • Others

Sealants accounted for the larger share of the 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. Sealants can be permanent or temporary. Sealants in the construction industry are used on a large scale for blocking sound and heat transmission. The market for sealants is expected to grow due to the rising demand from small manufacturers. Mastics accounted for the fastest-growing and second largest segment of the stone processing market in 2016. Mastic is a paint resin that is used as an adhesive to bond ceilings, walls, floor tiles, and concrete, among others.

It accounted for over 39% of the global stone processing market in 2016. The growing construction industry is the major factor driving the growth of mastics in the market. The rising demand for construction materials such as cement, stone, sand, and wood has boosted the market for adhesives. High demand is reported for adhesives from the construction industry worldwide. Hence, mastics are anticipated to grow shortly. Other adhesives are also expected to fuel demand for the stone processing market during the forecast period from 2016 to 2022.

Based on processing tools, the stone processing market is categorized into the following segments:

  • Abrasives
  • Diamond
  • Carbide
  • Others

 The stone processing tools market is segmented into abrasives, diamonds, carbide, and others. Diamonds dominated the global stone processing tools market in 2016. It is made by hot pressing metal powder and diamond grit held in the powder matrix. Diamond being a hard stone, high growth is expected in applying stone processing tools in the market. Growing progress in diamond manufacturing technology has led to rising demand for the stone processing market. The high application of diamonds in the industrial sector has also fueled the growth of the global stone processing tools market. Silicon carbide is a crystalline compound that is made up of carbon and silicon. It is a replacement for silicon-based semiconductors in 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 that promotes the use of carbide is its use in tough environments. The Asia Pacific is the major consumer of silicon carbides, followed by North America. Silicon carbide is expected to boost the growth of the stone processing market and will increase shortly. Other tools are also projected to fuel demand for the stone processing market during the forecast period from 2016 to 2022.

Based on geography, the global stone processing market is segmented into the following categories:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

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

Frequently Asked Questions:

The market for Stone Processing Market is expected to reach US$ 10.3 Bn by 2022.

The Stone Processing Market is expected to see significant CAGR growth over the coming years, at 8.6%.

The report is forecasted from 2016-2022.

The base year of this report is 2015.

TENAX, Overview, Product Portfolio, SCOT Analysis, MONTE BIANCO are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  May 2016
Category:  Building & Construction
Report ID:   57824
Report Format:   PDF
Pages:   120
Rating:    4.5 (65)
Delivery Time: 24 Hours to 48 Hours   
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