Granite Market, By Type (Granite Slab, Granite Tile, Other), By Application (Construction and Decoration, Monument and Statuary, Furniture, Other), By Region (North America, Eastern Europe, Western Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting (2016-2028)

The Global Granite Market was valued at USD XX billion in 2019 and is expected to grow at a CAGR of XX% over the forecast period. Granite is a light coloured igneous rock with grains large enough to be noticeable with the unaided eye. It forms from the slow crystallization of magna below the earth’s surface. Granite is composed mostly of feldspar and quartz with minor amounts of amphiboles, mica, and other minerals. This mineral composition usually gives granite a red, pink, grey, or white color with dark mineral grains visible throughout the rock. It is the best-known igneous rock.

Types of granite determine minerals and rocks that make granite. For example, quartz gives granite mainly milky white color, feldspar provides off-white shade biotite gives dark brown or black color, amphibole gives dark green or black. And unique salmon pink color comes from the abundance of potassium feldspar mineral.  Numerous people identify granite on account of most common igneous rock found on the earth’s surface and because granite is used to make several objects that are used in daily life. These include countertops, floor tiles, paving stone, curbing, stair treads, building veneer, and cemetery monument.

Granite is incredibly hard and durable, which is why it’s such popular building material. It’s resistant to weathering and scratching, and it can bear a lot of weight, making it a prime material for making walls, pavers columns, for roadways, and more. These properties are also why it’s such great material for home use.

Floor tiles made up of granite will not wear away even under heavy traffic, and granite countertops are extremely resistant to knife scratches, chipping, and acid erosion. So it can withstand anything and will stay beautiful for ages. People have used granite for thousands of years. It is used as a dimension stone, a construction material, a decorative stone, an architectural stone, and it has also been used to manufacture a widespread variety of products.

Granite is a prestigious material used in projects to produce the impression of elegance and quality. From gravestones to temples, the monument that is intended to last down the generation is often made of granite.  Granite is a popular choice for kitchen worktops as it is waterproof, stain-resistant, heat resistant, easy to clean, and hard to damage making it a very practical choice for the kitchen or bathroom. Recently, granite is used as a gemstone, many kinds of granite are common enough to be affordable building materials, and a few are both rare and stunningly beautiful. These are used as gemstones and set into jewellery. A recent example, is the discovery of K2 azurite granite in the Himalayas. With a blue tint, this rare stone is used as a gemstone.

Increase adoption of granite for the construction of kitchen countertops, bath vanity tops, backsplashes, bathroom sink, and basins table tops majorly driving the growth of its market. The rise in demand for residential purposes and the rise in investment in construction activities across the globe has significantly propelled the market growth.  It is a prestigious stone used to enhance the external appearance and to rise property prices.

The usage of granite in household construction is increasing, however, there is concern regarding the radiations from granite being harmful to the health. This may hamper its market growth. In addition to this high cost of granite and lack of skilled labor may hamper its market growth.

Some impact factors of Granite Market

  • Increasing construction activities across the globe increasing the demand for granite.
  • Increasing adoption of granite for residential purposes for enhancing the property.
  • High cost and lack of skilled labor hampering the market growth
  • Concerns regarding the radiations from granite which may be harmful to health may act as a restraint to its market growth
  • Granite market is going through an economic slowdown due to the stoppage of construction activities across the globe due to the outbreak of COVID 19.

What does this Report Provide?

This report provides a detailed understanding of the global Granite demand from a qualitative and quantitative perspective with a forecast next 10 years. The report also provides dynamic indicators with potential impact in the market during the forecast period and an in-depth analysis of the leading companies operating in the global Granite market. The major market drivers, challenges, and opportunities for the global Granite market are also covered in the market. This report also includes the market share of the leading Granite producers along with their production capacities and growth strategies adopted by them.

Market Segmentation: 

By Type:
    • Granite Slab
    • Granite Tile
    • Other

By Application:
    • Construction and Decoration
    • Monument and Statuary
    • Furniture
    • Other

By Region:

North America Granite Market

  • North America, by Country
    • US
    • Canada
    • Mexico
  • North America, by Type
  • North America, by Application

Western Europe Granite Market

  • Europe, by Country
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • The Netherlands
    • Rest of Western Europe
  • Europe, by Type
  • Europe, by Application

Asia Pacific Granite Market

  • Asia Pacific, by Country
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Indonesia
    • Rest of Asia Pacific
  • Asia Pacific, by Type
  • Asia Pacific, by Application

Middle East Granite Market

  • Middle East & Africa, by Country
    • UAE
    • Saudi Arabia
    • Qatar
    • Iran
    • Rest of Middle East
  • Middle East by Type
  • Middle East, by Application

Eastern Europe Granite Market

  • Eastern Europe by Country
    • Russia
    • Turkey
    • Rest of Eastern Europe
  • Eastern Europe by Type
  • Eastern Europe by Application

Rest of the World Granite Market

  • Rest of the World by Country
    • South America
    •  Africa
  • Rest of the World by Type
  • Rest of the World by Application

Major Companies: In this report we have studied this major companies Levantina, Gem Granites, Cosentino, Antolini, Rock of Ages, Williams Stone, Amso International, Coldspring, Pokarna, R.E.D. Graniti, Swenson Granite, Rashi Granite, and Tanhat Mining.

Objectives of this report:

  • To estimate market size for granite market on regional and global basis.
  • To identify major segments in granite market and evaluate their market shares and demand.
  • To provide a competitive scenario for the granite market with major developments observed by key companies in the historic years.
  • To evaluate key factors governing the dynamics of granite market with their potential gravity during the forecast period.

Customization:

This study is customized to meet your specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country
  • Product Specific Competitive Analysis

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