Proficient Market has published a new report titled Natural Stone Slab Market share, Forecast data, In-Depth Analysis, and Forecast, 2019-2027. According to the report, Global Natural Stone Slab Market in 2019 stood at USD 45,400.0 million and is expected to reach USD 59,900.0 million by 2027 growing at a CAGR of 3.5% from 2020 to 2027.
A natural stone slab is a big stone, flat and of little thickness, that are generally used for paving floors, for covering walls or as headstones. Natural stone includes granite, marble, travertine, limestone, and slate. It is used for building churches and banks, for making statues or for domestic purposes. Several types of natural stones can be used for cladding exterior and interior walls of residential and commercial places along with that, large variety of natural stone tiles that can be used for flooring.
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Natural Stone Slab Market: Key Players
The research study includes profiles of leading companies operating in the global natural stone slab market. Key players profiled in the report include: Aro Granite Industries Ltd., Levantina y Asociados de Minerales, S.A., MARGRAF, Dimpomar, Polycor Inc., Temmer Marble, Dermitzakis Bros S.A., Mumal Marble, Xishi Stone Group, Topalidis, and others.
Drivers for the Global Natural Stone Slab Market:
Increasing restructuring activities across the globe, growing demand for the product in the construction of arches, walls, dams, abutments, and other structures these are the major driving factors for the global natural stone slab market.
Opportunities for the Global Natural Stone Slab Market:
Similarly, rising number of renovation and redevelopment projects across the various countries, increasing demand for green and eco-friendly construction materials and increasing advancement in construction industry these factors creates the huge opportunity for the global natural stone slab market in forecast period.
Restrains for the Global Natural Stone Slab Market:
But, on another side, high cost of the raw material, fluctuation in prices, along with high development cost hampers the overall growth of the global natural stone slab market.
Region Wise, Global Natural Stone Slab Market Analysis:
Report covers the region wise analysis; global natural stone slab can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, Asia Pacific leads the global natural stone slab share due to rapid expansion of the residential and non-residential construction sectors in developing economies, and also increasing spending capacity among the individuals in these economies. Asia Pacific region is followed by North America and Europe.
Covid-19: Impact and Recovery Analysis for Global Natural Stone Slab Market:
The world is greatly affected by the uncertain raise of the covid-19 Pandemic among the population. The Corona virus outbreak has disrupted & disturbed every sector of business as well as human activity. In most parts of the world there has been a complete restriction set by governments regarding various activities and in turn this is greatly affecting the financial stability of industries like: Natural Stone Slab market globally. Covid-19 has caused disruption in the residential construction sector. The main disruption is in the supply chain. The global pandemic has resulted in shifting the impact to the global construction supply chains and markets. To recover from this situation many manufacturers stared their production process according to government norms and also workers rejoin to their workplaces and also following the safety precautions at workplace.
Global Natural Stone Slab Market: Product analysis
On the basis of type, Granite accounted for largest share of total revenue generated. Because, granite natural stone slabs are used in the countertops, tile floors, stair treads, and many other design elements. In addition, it is used in building monuments, fireplace mantles, and floors.
Global Natural Stone Slab Market: Application analysis
The demand of Global Natural Stone Slab Market is highest from residential, due to increasing demand for visually pleasing, strong, and durable structures in residential applications and increasing applications of polished granite slabs in the residential sector.
Global Natural Stone Slab Market: Region analysis
Rest of Europe
Rest of Asia Pacific
Rest of L.A.
Middle East and Africa
Rest of Middle East
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