STONES

The global natural stone market size was valued at $33,375.3 million in 2020, and is projected to reach $50,465.1 million by 2030, registering a CAGR of 4.0%.

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Natural stone is one of the most sustainable, eco-friendly, and non-toxic building materials. Hence, it is the first choice as a building material for people opting for green materials. It is a mountain-acquired substance, and includes common stones such as sandstone, granite, travertine, limestone, Onyx, slate, adoquin, marble, slate, and others. It is available in a wide range of colors and sizes with different physical and chemical properties. Natural stones are widely used in institutional buildings, and monumental buildings. In addition, they are used as aggregates for concrete and rubble masonry works for canal walls and bridge piers.
 

The natural stone market is segmented on the basis of type, application, construction type, and region. On the basis of type, the market is segregated into marble, granite, limestone, and others. The granite segment dominated the market in 2020. The applications covered in the market include flooring, memorial arts, wall cladding, and others. The flooring segment held a major market share in 2020. Based on construction type, the market is bifurcated into new construction and renovation. Renovation segment is expected to grow at a highest during the next few years. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific region dominated the market in 2020.