AbleGroup (Malaysia), Benchmark Building Supplies Ltd (U.K), Caesarstone Ltd (Israel), Cosentino Group S.A. (Spain), OJSC LSR Group (Russia), Dakota Granite Co. (U.S), Daltile (U.S), Duracite (U.S.), Marazzi Group S.r.l (Italy), Precision Countertops (U.S), and Vangura Surfaces Products (U.S) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Construction Stone Market.
Global Construction Stone Market – Overview
Construction stones have been considered as one of the popular building materials since ages due to their availability in abundance from natural rocks. Construction stone possesses properties such as high strength and durability, which enables them to be an important constituent of the construction sector and hence its market is ever increasing.
Accrediting the kind of traction the market is garnering currently demonstrating the growth prospects worldwide, Market Research Future has recently published a study report, which indicates that the Global Construction Stone Market is estimated to ascend enormously by 2023 registering a CAGR of 9 % during 2017 to 2023.
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. Other factors that contribute the market growth include, growing world populace, enhancing economy that allows increasing purchasing affordability among others.
Conversely, volatility in the prices and supply of these stones attributing to the availability coupled with the increasing number of other modern substitute material, which possesses high reinforcement properties are expected to restrict the market growth during the forecast period.
Construction Stone is a highly durable, low maintenance building material with high thermal mass. It is versatile, available in many shapes, sizes, colors and textures, and can be used for floors, walls, arches and roofs. Stone blends well with the natural landscape, and can easily be recycled for other building purposes. To meet sustainability standards, steps must be taken to ensure that the stone is found on site, reclaimed from nearby demolished buildings or sourced from a local stone quarry. Only then can stone be considered a true example of a sustainable building material.
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Worldwide Construction Stone Market – Competitive Analysis
The global Construction Stone market appears to be highly competitive and diversified with the presence of many well established players having regional and global presence. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players in the smart camera market.
Industry/ Innovation/ Related News:
January 20, 2018 – Alten Construction (US) a commercial construction company, announced the completion of the restoration of the historical Goodman Library in downtown Napa. The company repaired also reconstructed damaged areas of the structural stone walls and repaired and replaced miscellaneous cracked and dislodged wall stones and a partially collapsed stone entry tower of the 5,433-square-foot building built in 1901 and damaged in 2014 earthquake.
September 19, 2017 – Some leading producers of equipment for material recovery facilities (MRFs) have all unveiled new products. New screens, sorters and some robotic solutions all bring with them improvements in performance, less downtime and smoother operations for MRFs overall.
The Autosort Laser enables the separation of glass, ceramics, stones, metals and plastics from household and commercial waste. The company says its capabilities allow material recovery facilities (MRFs) to further fractionalize waste and reduce overall weight for landfill, thereby significantly reducing landfill costs.
Other known installations include a partnership between ZenRobotics and Recon Services Inc., which have come together to bring the ZenRobotics Recycler from Finland to the U.S. The ZenRobotics Recycler, which is currently installed at Recon’s construction and demolition (C&D) recycling facility in the U.S., reclaims materials from waste via advanced machine learning technology, sorting materials like metal, wood and stone fractions.
Construction Stone Market – Segmentation
For the convenience of the report and enhanced understanding; MRFR Analysis – Global Construction Stone Market is been segmented in to 4 key dynamics
By Type : Construction Aggregates and Natural Stones.
By Application : Public Infrastructure, Commercial Infrastructure and Residential Infrastructure.
By Regions : North America, Europe, APAC and Rest of the World.
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Worldwide Construction Stone Market – Regional Analysis
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 urbanization 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.
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