Global Manufactured Stone Veneer Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Manufactured Stone Veneer Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Manufactured stone veneers replicate natural stone textures and colors to produce a look that is nearly indistinguishable from real natural stone. Made of lightweight aggregate materials, manufactured stone veneers are usually a fraction of the weight of full-thickness stone and can be adhered to most wall surfaces for decorative purposes.

Market Overview:

The latest research study on the global Manufactured Stone Veneer market finds that the global Manufactured Stone Veneer market reached a value of USD 1016.09 million in 2022. It’s expected that the market will achieve USD 1417.85 million by 2028, exhibiting a CAGR of 5.71% during the forecast period.

Raw material restriction

Stone as a non-renewable resource, due to unreasonable development, some areas of stone mineral resources have been scarce phenomenon, with the strengthening of environmental protection by the governments of various countries, mining is more and more restricted, predict the future granite and marble stone production capacity will decline year by year. The epidemic is spreading around the world. Turkey, Iran, Italy, Brazil, India and other large stone countries are suffering from serious epidemic. Production in their own countries has basically stopped, logistics has basically stopped, supply and demand imbalance, and stone sales prices have risen substantially.

The advantage of manufactured stone veneer

Manufactured stone veneer has the advantages of light weight, strong strength, high flatness, good sound insulation and heat insulation, strong earthquake resistance, fire prevention, chemical corrosion resistance, weathering resistance, pollution resistance and easy cleaning, as well as convenient installation, less auxiliary materials, save time and effort, the total installation cost is low, so it is suitable for high-rise building curtain wall or interior wall decoration. This product keeps the characteristics of the natural stone noble, elegant, also has bright color, uniform color, high degree of finish, good air permeability, its texture and decorative effect can be completely comparable to natural marble and natural granite, but can avoid fatal flaw of natural stone material existence chromatism, so especially suitable for large area decoration.

Increasing pressure on environmental protection

As carbon neutrality has become the consensus of major economies in the world, it is an important topic for the high-quality development of building materials industry to improve the comprehensive recycling utilization of materials industry through new technologies and ideas in exchange for long-term sustainable development of global economy with technological change and innovation. For example, China's Environmental Protection Law imposes daily and continuous fines for persistent environmental violations. This means that the stone manufacturing enterprises illegally steal discharge, excessive emissions, avoid detection and other behaviors, the longer the violation of the time, the more the fine, the enterprise environmental protection cost increases, the increase of environmental protection pressure on the manufactured stone veneer industry has put forward a great challenge.

Region Overview:

In 2022, the share of the Manufactured Stone Veneer market in United States stood at 50.14%.

Company Overview:

Boral Limited is one of the major players operating in the Manufactured Stone Veneer market, holding a share of 15.49% in 2023.

Boral Limited

Boral is the largest integrated construction materials company in Australia, producing and selling a broad range of construction materials including quarry products, cement, concrete, asphalt and recycled materials.

Environmental StoneWorks

Environmental StoneWorks, offers builders a whole lot more. Their offering is not just stone, but stone plus installation. By purchasing both the product and the installation service directly from one source, a link in the mark-up chain has been removed and builders receive the best overall value.

Segmentation Overview:

Among different product types,<15 in. Product Width segment is anticipated to contribute the largest market share in 2028.

Application Overview:

In the Manufactured Stone Veneer market, 74.78% of the total value was generated through the Residential segment by application in 2022.

Key Companies in the global Manufactured Stone Veneer market covered in Chapter 3:

Canyon Stone
Coronado Stone Products
Mutual Materials Co.
Boral Limited
Environmental StoneWorks
ProVia
Ply Gem Residential Solutions
County Materials Corporation
Quality Stone Veneer Inc.
Sunset Stone
Boulder

In Chapter 4 and Chapter 14.2, on the basis of types, the Manufactured Stone Veneer market from 2018 to 2029 is primarily split into:
<15 in. Product Width
15-20 in. Product Width
20-25 in. Product Width
25-30 in. Product Width
35-40 in. Product Width
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Manufactured Stone Veneer market from 2018 to 2029 covers:

Residential
Commercial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)