Global Building Stone Market: Key Figures and Numbers Shaping the Future of the Industry
Building stones, from majestic monuments to modern skyscrapers, have always played an important role in shaping our world. This industry, with a turnover of billions of dollars and an impressive growth, has provided a world of opportunities for producers, exporters and activists in this field. In this article, we take a look at the exciting world of the global building stone market by looking at reliable statistics and future trends.
Key Figures of the Global Building Stones Market:
• Market value: According to Statista, the global market value of construction stones reached about 28 billion dollars in 2023. This figure shows the high demand for this valuable material all over the world.
• Market growth: This market is expected to reach 37 billion dollars by 2028. This means a compound annual growth (CAGR) of 2.9%, which indicates the high potential of this industry for investment and development.
• Granite and marble, the leaders of the market: Granite and marble are the two main types of building stones that have the largest share in the market. In 2022, granite with a 35% share and marble with a 25% share of the total market.
• Various applications: building stones are used in various applications including flooring, building facades, monuments and religious arts and roofs. In 2022, flooring had the largest share in the market with a share of 38%. After that, the facade of the building is located with a share of 25%.
• Asia Pacific, the market leader: Asia Pacific is the largest regional market for building stones with a share of 40% in 2022. Rapid economic growth and urbanization in this region has fueled the increase in demand for building stones.
Future market trends:
• Trend towards sustainability: With increasing environmental awareness, the demand for sustainable building materials such as natural stone has increased. Natural stones are an ideal option for sustainable construction due to their long life, recyclability and no need for harmful chemicals.
• Emerging markets: Emerging markets in Asia, Africa and Latin America offer significant opportunities for the growth of the building stone industry. With the increase of investment in infrastructure and urban development in these areas, the demand for building stones will also increase.
As a result, the global building stone market still has a positive outlook despite challenges such as price fluctuations and environmental regulations. According to the key trends and statistics presented, it can be concluded that this industry has a high potential for growth and development. By investing in new technologies, developing emerging markets and paying attention to sustainability, companies active in this industry can take advantage of these opportunities and achieve significant success.
References:
• Statista. (2023). Dimension stone - worldwide | Statista Market Forecast.
• Fortune Business Insights. (2023). Dimension Stone Market Size, Impact Analysis, By Type (Marble, Granite, Limestone, Others) Forecast, 2023-2030.
• Mordor Intelligence. (2023). Dimension Stone Market - Growth, Trends, Impact, and Forecasts (2023 - 2028)
Tags:
• Building stone market
• Stone market statistics
• Stone market trends
• Natural stone
• Marble
• Granite
• Sustainability
• New extraction technologies
• Asia and Oceania
• Market growth
• Investing in the stone industry
• Business opportunities in the stone industry