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

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

Natural stone is used as architectural stone and as raw block and monument stone for the funerary trade. Natural stone is also used in custom stone engraving. Marble is a metamorphic rock composed of recrystallized carbonate minerals, most commonly calcite or dolomite. Marble is typically not foliated, although there are exceptions.

Market Overview:

The latest research study on the global Natural Stone and Marble market finds that the global Natural Stone and Marble market reached a value of USD 9028.16 million in 2022. It’s expected that the market will achieve USD 13387.0 million by 2028, exhibiting a CAGR of 6.79% during the forecast period.

Quartz and porcelain are substitutes

Artificial marble, quartz and porcelain are substitutes for natural marble, which adds to the market difficulty of new entrants.

Increasing demand of downstream products

The construction industry is still developing rapidly in some areas, and the demand for building materials is increasing every year. The demand for natural stone and marble is increasing.

Innovation

On the one hand, Innovation in manufacturing process and technology may increase the efficiency and decrease the cost of production, which can be a future opportunity and trend for manufacturers.
On the other hand, the trend of innovation also can be the developing green production process. It makes marble popular and acceptable by more people.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Europe (27.53% in 2022).

Company Overview:

Levantina y Asociados de Minerales, S.A is one of the major players operating in the Natural Stone and Marble market, holding a share of 4.16% in 2023.

Levantina y Asociados de Minerales, S.A

LEVANTINA is an international company of Spanish origin and a world reference in the Natural Stone sector. Founded in 1959, it has since undergone progressive growth and strong expansion, becoming a leader in the field and contributing to the industry with innovation and technology.

Mohawk Industries (Daltile)

Founded in 1947 in Dallas, Texas, Daltile boasts a rich history brought to life through the manufacture of ceramics, mosaics, porcelain, quarry tile and a variety of stone products. Today, as a subsidiary of Mohawk Industries, Daltile is the largest ceramic tile manufacturer in the U.S. and one of the largest tile manufacturers in the world, employing over 11,500 associates.

Segmentation Overview:

Among different product types, Granite segment is anticipated to contribute the largest market share in 2028.

Marble

Marble is a metamorphic rock that forms when limestone is subjected to the heat and pressure of metamorphism. It is composed primarily of the mineral calcite (CaCO3) and usually contains other minerals, such as clay minerals, micas, quartz, pyrite, iron oxides, and graphite. Under the conditions of metamorphism, the calcite in the limestone recrystallizes to form a rock that is a mass of interlocking calcite crystals. A related rock, dolomitic marble, is produced when dolostone is subjected to heat and pressure.

Granite

Granite is a light-colored igneous rock with grains large enough to be visible with the unaided eye. It forms from the slow crystallization of magma below Earth's surface. Granite is composed mainly of quartz and feldspar with minor amounts of mica, amphiboles, and other minerals. This mineral composition usually gives granite a red, pink, gray, or white color with dark mineral grains visible throughout the rock.

Application Overview:

By application, the Building market segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Natural Stone and Marble market covered in Chapter 3:

HUAHUI HOLDING CO
Pokarna Ltd
Xiamen Wanlistone stock
Vetter Stone
Mohawk Industries (Daltile)
Universal Marble & Granite (Dong Guan) Co., Ltd
Fujian Hongfa Group
Pakistan Onyx Marble
Best Cheer Stone Group Holding Company
Kangli Stone Group
Polycor Inc
Alacakaya
Xinpengfei Industry
Levantina y Asociados de Minerales, S.A.
Aro Granite Industries

In Chapter 4 and Chapter 14.2, on the basis of types, the Natural Stone and Marble market from 2018 to 2029 is primarily split into:

Marble
Granite
Others

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

Building market
Furniture Market
Statuary & Monuments
Others

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)