Global Black Granite Market Overview:
Black granite is a coarse-grained igneous rock that is granular and phaneritic in texture. It has been extensively used as a dimension stone for both public and commercial buildings and monuments as well. Moreover, black granite slabs and tiles are highly used to make bar tops, countertops, fireplaces, murals, curbings, etc. in modern construction globally.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing Popularity of Black Granite as a Decorative Stone
Market Growth Drivers:
Increasing Demand for Granite for Residential Purposes and Rising Investment in Construction Activities and The Growth in Disposable Income among Consumers Worldwide
Challenges:
High Raw Material and Installation Cost and Concerns Regarding the Radiations from Granite being Harmful to Health
Restraints:
High Cost of Black Granite and Labor Intensive Installation
Opportunities:
High Durability of Black Granite and Increasing Number of Smart Building Construction in both Developing and Developed Nations
Competitive Landscape:
Major players have adopted various strategies such as product portfolio expansion, mergers and acquisitions, geographic expansion, agreements, and collaborations to increase their market share and strengthen their foothold in the industry.
Some of the key players profiled in the report are Gem Granites (India), Senthamarai Marbles & Granites Pvt. Ltd (India), Aravali India Marbles & Granites (India), Cosentino S.A. (Spain), Levantina The Natural Stone Company (Spain), Coldspring (United States), Antolini Luigi & C. S.p.a (Italy), Williams Stone Co. Inc. (United States), Amso International SAS (Italy), Polycor Inc. (United States), Rashi Granite (India) and Zongyi Stone Development Co. Ltd. (China). Additionally, following companies can also be profiled that are part of our coverage like RED Graniti (Italy), Pokarna Limited (India) and KRISHNA SAI GRANITES (KSG) (India). Analyst at AMA Research see Indian Manufacturers to retain maximum share of Global Black Granite market by 2028. Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Black Granite market. Considering Market by Form Type, the sub-segment i.e. Black Granite Slabs will boost the Black Granite market.
Latest Market Insights:
In October 2019, Polycor Inc. acquired Elliott Stone Company Inc. The acquisition reinforce the company's leading position in the global market and strengthen its product portfolio.
There is a growing concern about the environmental impact of mining natural stones, including black granite. Companies in the industry are implementing sustainable mining practices and certifications to address these concerns.
What Can be Explored with the Black Granite Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Black Granite Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Black Granite
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Black Granite market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Black Granite market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Black Granite Manufacturers, Suppliers/Distributors, Transportation Industry, Government Bodies, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.