About Construction Stone
Construction Stone is the Building Material Used Alone or in Conjunction with Other Building Materials Like Concrete. Granites & Marbles are Used in the Form of Finely Dressed Blocks or Slabs or Columns in Monumental & Costly Buildings. Similarly, Sandstone & Limestone Find Their Usage in Forts, Retaining Walls, & Boundary Walls & Also as Blocks in Stone Houses & Bungalows. Slates Are Used in Many Areas as Roofing Material for Ordinary Constructions & in Pavements Also Fall in the Category of Building Stones
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The Market for the Construction Stone is Fragmented With the Presence of Many Players. Leading Players Can Adopt Strategies Like a Merger, Acquisition, Expansion, New Product Launch, In Order to Gain Share Within the Market. Owing to the Increasing Popularity of Construction Stone, There are Growing Prospects for the New Players to Enter the Market Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Construction Stone market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Caesarstone (United States), Cosentino S.A. (Spain), Dakota Granite Co (United States), Thompson Building Materials (United States), Levantina (Spain), Duracite (United States), Marazzi Group Srl (Italy), Precision Countertops Inc. (United States), RockSolid Granit USA (United States) and Silkar Granit (Turkey) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Manor Stone Ltd (Ireland), Sunrise Quartzite (P) Limited (India), US Stoneworks (United States), Ansi India (India) and Latstone (India).
Segmentation Overview
AMA Research has segmented the market of Global Construction Stone market by Type (Granite, Sandstone, Limestone, Laterite, Marble and Others), Application (Commercial, Household and Others) and Region.
On the basis of geography, the market of Construction Stone has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Direct Sales will boost the Construction Stone market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Appearance, the sub-segment i.e. Slab will boost the Construction Stone market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Usage of Construction Stone for Outdoor Kitchen Design
Market Growth Drivers:
Growth in the Construction of Commercial Buildings Like Shopping Malls & Sales Outlets, Utilizing Construction Stone for Providing Aesthetically Good Appearance and Rise in the Usage of Construction Stone in Residential Sector Owing to the Rise in Disposable Income
Challenges:
Maintenance Associated With the Construction Stone May Pose a Challenge
Restraints:
High Cost Linked With the Construction Stone in Comparison With Conventional Building Materials
Opportunities:
There is an Increased Opportunity for the Market Expansion, Owing to the Growing Real Estate Industry for Providing Accommodation to People Migrating to Urban Locations and There are Prospects for Growth, Due to the Usage of Construction Stone in Products Like Cookware, Table Tops, Dining Tables, & Many Other Products
Market Leaders and their expansionary development strategies
In May 2021, Cupa Group agreed to purchase Pizarras Lomba, a Spanish producer of natural slate roofing. This deal, Cupa's latest acquisition, is further evidence of the company's increasing sales.
In March 2022, Dermitzakis Bros S.A. finished building its new stone factory in Drama's first phase. The company hopes to improve its standing in Europe and other markets by increasing its production capacity.
Key Target Audience
Manufacturers of Construction Stone, Distributors, Traders, & Suppliers, Importers & Exporters, Investors, Regulatory & Government Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.