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, 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.

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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Published Date:  May 2016
Category:  Building & Construction
Report ID:   57824
Report Format:   PDF
Pages:   120
Rating:    4.5 (65)
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