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

Market Overview

of Global Natural Stone and Marble market:
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.

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.

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.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Natural Stone and Marble market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Natural Stone and Marble market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Natural Stone and Marble and its sub-markets in an intuitive way.

Key Companies in the global Natural Stone and Marble market covered in Chapter 3:
HUAHUI HOLDING CO
Best Cheer Stone Group Holding Company
Polycor Inc
Mohawk Industries (Daltile)
Xiamen Wanlistone stock
Pakistan Onyx Marble
Xinpengfei Industry
Aro Granite Industries
Pokarna Ltd
Alacakaya
Vetter Stone
Fujian Hongfa Group
Kangli Stone Group
Levantina y Asociados de Minerales, S.A.
Universal Marble & Granite (Dong Guan) Co., Ltd

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)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Natural Stone and Marble market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029

Frequently Asked Questions