Global Natural Stone Market is valued at approximately USD 33,375.3 million in 2020 and is anticipated to grow with a healthy growth rate of more than 4.00% over the forecast period 2021-2027. Natural Stones such as marble and granite are used for flooring in patios, porches, backyards, and pavements enhance the visual appeal of residential buildings, thereby fueling their adoption. Rise in popularity of outdoor entertaining areas among wall cladding end-users, increasing investments in the construction sector has led to the adoption of Natural Stones across the forecast period. For Instance: According to IBEF, FDIs in the construction development sector (townships, housing, built-up infrastructure and construction development projects) and construction (infrastructure) activities stood at US$ 26.14 billion and US$ 25.38 billion, respectively, between April 2000 and June 2021. Also, with the ongoing technological enhancements, the adoption & demand for Natural Stones is likely to increase the market growth during the forecast period. However, fluctuation in foreign currencies impedes the growth of the market over the forecast period of 2021-2027.

Global Natural stone market is segmented on the basis of geographical region as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is among the fastest-developing regions due to the demand for construction materials such as marble being on the rise at a significant pace, owing to an increase in its adoption for construction of memorials and furniture. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as presence of emerging economies, increase in popularity of outdoor entertaining areas would create profitable growth prospects for the Natural stone market across Asia-Pacific region.

Major market players included in this report are:
ARO Granite Industries Ltd.
Dimpomar
Dermitzakis Bros S.A.
Levantina Asociados de Minerales, S.A
Margraf SPA.
Mumal Marbles Pvt. Ltd.
Polycor Inc.
Xishi Group Development Co., Ltd.
Topalidis S.A.- marble & granite
Temmer Mermer Madencilik In?aat Sanayi ve Ticaret A.S.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the Application within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Rental type offerings of key players. The detailed segments and sub-segment of the market are explained below:
By type:
Marble
Granite
Limestone
Others
By Application:
Flooring
Memorial Arts
Wall Cladding
Others
By Construction:
New construction
Renovation
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Natural Stone Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

ARO Granite Industries Ltd.
Dimpomar
Dermitzakis Bros S.A.
Levantina Asociados de Minerales, S.A
Margraf SPA.
Mumal Marbles Pvt. Ltd.
Polycor Inc.
Xishi Group Development Co., Ltd.
Topalidis S.A.- marble & granite
Temmer Mermer Madencilik In?aat Sanayi ve Ticaret A.S