Global Granite Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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May 2023
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This report was compiled by Kalyani Khudsange Kalyani Khudsange is a Research Analyst at Prudour Pvt. Ltd. with 2.5 years of experience in market research and a strong technical background in Chemical Engineering and manufacturing. Correspondence Sr. Research Analyst Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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MarketResearch.biz delivers in-depth insights on the global granite market in its upcoming report titled, “Global Granite Market Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global granite market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global granite market report has been segmented on the basis product, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Granite is a solidified rock made from lava or magma which consists of small grains or particles. Which is of different colors such as white, grey, or pink depending on its mineralogy, and is mainly used for construction of backsplashes, bath vanity tops, kitchen countertops, bathroom sinks and basins. This is also used for building stones for bridges.
Increasing use of granite in construction of tabletops or desktops is a major factor expected to drive growth of the global granite market. In addition, rising demand for residential purposes are other major factors expected to boost growth of the global granite market over the forecast period.
However, rising cost of granite and manual workers is a major factor expected to restrain growth of the global granite market. In addition, radiations from some of the types of granite that that have potential to harm human health is the another major factor expected to hamper growth of the global granite market.
The market in North America accounted for highest revenue share in the global granite market in 2016, owing to changing consumer preferences for natural looking home décor in countries in the region. The market in Europe accounted for second-highest revenue share in the global granite market, due to growing commercial value of granite products in countries in the region, followed by markets in Asia Pacific, Latin America, and Middle East & Africa respectively. The market in Asia Pacific is projected to register fastest growth rate in terms of revenue, owing to rising residential and infrastructure construction activities in economies in countries in the region. Moreover, the markets in Latin America and Middle East & Africa are expected to register moderate growth rate over the forecast period. Revenue from the market in Middle East & Africa is projected to register a CAGR of X.X% over the forecast period.
Global granite market segmentation:
By product:
- Granite slab
- Granite tile
By application:
- Kitchen countertops
- Flooring
- Stair Trends
- Monument
By region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
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- Williams Stone Co.
- Caesarstone Ltd.
- Cosentino SA
- M S International Inc.
- Duracite Inc.
- Polycor Inc.
- Daltile Corporation
- Marazzi Group S.p.A.
- American Marazzi Tile, Inc.
- Topalidis S.A.
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