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Global construction stone market expected to grow 9% CAGR to 2023

The global construction stone market is expected to grow with 9% compound annual growth rate (CAGR) during the period 2016-2023 says a report from Market Research Future. The report, The Global Construction Stone Market Information by Type (Construction Aggregates and Natural Stones), By Application (Public Infrastructure, Commercial Infrastructure and Residential Infrastructure) and By Region – Forecast To 2023, comprises extensive primary research along with the detailed analysis of qualitative as well as
August 21, 2017 Read time: 3 mins

The global construction stone market is expected to grow with 9% compound annual growth rate (CAGR) during the period 2016-2023 says a report from Market Research Future.

The report, The Global Construction Stone Market Information by Type (Construction Aggregates and Natural Stones), By Application (Public Infrastructure, Commercial Infrastructure and Residential Infrastructure) and By Region – Forecast To 2023, comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance.

It says that the major factor driving the global construction stone market is the rise in demand for residential, commercial and public infrastructure all over the world.

The preference of natural stones and construction aggregates over other materials, is also driving the growth of the global construction stone market.

However, the growth of this market is expected to be restrained by huge fluctuations in the prices of the raw materials depending upon their availability and increase in number of other modern substitute material, which possess high reinforcement properties.

Market Research Future says the report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro-economical and governing factors in the market.

The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

It lists Listing the key players of global construction stone market as AbleGroup (Malaysia); Benchmark Building Supplies (UK), Caesarstone (Israel); 7555 Cosentino Group (Spain); OJSC 3777 LSR Group (Russia); Dakota Granite (USA); Daltile (U.S); Duracite (USA); Marazzi Group (Italy); Precision Countertops (USA);  Vangura Surfaces Products (USA),  and others.

The report says the Asia-Pacific region is the fastest growing region for the global construction stone market, owing to escalating disposable incomes and the flourishing construction industry. Also, urbanisation and the industrialization in the developing nations, are driving the growth of the Asia-Pacific region.

The North America and Europe region has also been a major contributor in construction stone markets growth, which is further driving the growth of the market in respective nations. 

the target audience for the report is manufactures; raw materials suppliers; aftermarket suppliers;  research institute/education institutes; potential investors, and key executive (CEO and COO) and strategy growth managers.

“The report for Global Construction Stone Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance,” says the company.

“The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.”

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