Construction Stone Market Trends and Forecast
The future of the global construction stone market looks promising with opportunities in the construction material, flooring, and kitchen countertop markets. The global construction stone market is expected to reach an estimated $41.6 billion by 2030 with a CAGR of 3.6% from 2024 to 2030. The major drivers for this market are rising demand for construction stone, rising preference for natural stone in luxury construction, and growing trend towards eco-friendly and durable building materials.
• Lucintel forecasts that limestone is expected to witness the highest growth over the forecast period.
• Within this market, construction material is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Construction Stone Market
• United States: Vulcan Materials announced a $100 million investment in expanding their production capacity. Martin Marietta has targeted a 15% reduction in carbon emissions by 2030. The government is promoting sustainable construction practices through tax incentives, boosting demand for eco-friendly stone products.
• China: China Resources Cement Holdings initiated a new quarry project to meet rising demand. Jidong Cement announced a merger to increase market share. The government has set a target to improve infrastructure in rural areas, driving up demand for construction stone.
• India: Ambuja Cement launched a new product line focused on high-strength construction stone. Ultratech Cement has announced plans to increase their production capacity by 10%. The Indian government is pushing for smart city projects, significantly boosting the construction stone market.
• Brazil: Votorantim Cimentos is investing in a new sustainability initiative to reduce environmental impact. InterCement Brazil plans to increase exports to neighboring countries. The government’s infrastructure development program aims to enhance transportation networks, driving demand for construction stone.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Construction Stone Market by Segment
The study includes a forecast for the global construction stone market by type, application, and region.
Construction Stone Market by Type [Value from 2018 to 2030]:
• Limestone
• Granite
• Marble
• Others
Construction Stone Market by Application [Value from 2018 to 2030]:
• Construction Materials
• Flooring
• Kitchen Countertops
• Others
Construction Stone Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Construction Stone Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies construction stone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the construction stone companies profiled in this report include-
• Caesarstone
• Dupont
• Compac
• Indiana Limestone Company
• Levantina
• Hanwha L&C
• Anhui Conch Cement
Recent Development in the Construction Stone Market
• Vulcan Materials Company: Vulcan Materials announced the expansion of their stone quarry operations in the southeastern United States, aiming to increase production capacity by 20% to meet rising construction demands.
• Martin Marietta Materials, Inc.: Martin Marietta has invested in advanced stone processing technologies, including automated crushers and screening systems, to enhance efficiency and reduce environmental impact across their facilities in North America.
• CRH plc: CRH plc is focusing on sustainable construction practices by launching a new line of eco-friendly stone products that incorporate recycled materials, aimed at reducing the carbon footprint of construction projects.
• LafargeHolcim: LafargeHolcim has developed a new lightweight stone composite that offers improved durability and ease of installation, targeting urban construction projects where weight and structural integrity are critical factors.
• Granite Construction Incorporated: Granite Construction is collaborating with local governments to source and utilize locally available stone materials for infrastructure projects, promoting regional economic growth and reducing transportation emissions.
Features of the Global Construction Stone Market
Market Size Estimates: Construction stone market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Construction stone market size by type, application, and region in terms of value ($B).
Regional Analysis: Construction stone market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the construction stone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the construction stone market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the construction stone market size?
Answer: The global construction stone market is expected to reach an estimated $41.6 billion by 2030.
Q2. What is the growth forecast for construction stone market?
Answer: The global construction stone market is expected to grow with a CAGR of 3.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the construction stone market?
Answer: The major drivers for this market are rising demand for construction stone, rising preference for natural stone in luxury construction, and growing trend towards eco-friendly and durable building materials.
Q4. What are the major segments for construction stone market?
Answer: The future of the construction stone market looks promising with opportunities in the construction material, flooring, and kitchen countertop markets.
Q5. Who are the key construction stone market companies?
Answer: Some of the key construction stone companies are as follows:
• Caesarstone
• Dupont
• Compac
• Indiana Limestone Company
• Levantina
• Hanwha L&C
• Anhui Conch Cement
Q6. Which construction stone market segment will be the largest in future?
Answer: Lucintel forecasts that limestone is expected to witness the highest growth over the forecast period.
Q7. In construction stone market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the construction stone market by type (limestone, granite, marble, and others), application (construction materials, flooring, kitchen countertops, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Construction Stone Market, Construction Stone Market Size, Construction Stone Market Growth, Construction Stone Market Analysis, Construction Stone Market Report, Construction Stone Market Share, Construction Stone Market Trends, Construction Stone Market Forecast, Construction Stone Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.