This market research report includes a detailed segmentation of the global construction stone market by product type (construction aggregates and natural stones). It also outlines the market shares for key regions such as the APAC, Europe, North America and the rest of world (ROW). The key vendors analyzed in this report are AbleGroup, Benchmark Building Supplies, Caesarstone, Cosentino Group, and LSR Group.
Technavio has released updated information on the construction market, with the publication of its new market research report, global construction stone market. The global construction stone market is expected to grow at a CAGR of 8% between 2016 and 2020, owing to increased infrastructure development and construction activities across the globe. APAC is the largest market for construction stones, thanks to the booming construction industry in the region.
“There is a growing awareness about the advantages offered by natural stones such as non-toxicity over other construction materials in the market. This trend is expected to renew the emphasis on construction stones over other building materials in the next four years. Other building materials consume more energy and water and generate air emissions while natural stones are non-toxic and require no safety coating during construction. Hence, builders are predicted to shift their preference towards natural stones during this period, states this forecast,” says Soumya Mutsuddi, Lead Analyst, Heavy Industry, Technavio Research
Now-a-days, the builders are opting for concrete stones, which are easy to use, versatile, and affordable. They have an interlocking base, which allows them to fit together easily. They are secured using nylon pins as well. Moreover, concrete stones can be conformed to any shape, size, or color, as they are fabricated and are suitable for drainage systems.
The leading players in the global construction stone market include AbleGroup, Benchmark Building Supplies, Caesarstone, Cosentino Group, and LSR Group. This market is highly fragmented because of the presence of numerous small and large vendors. Vendors in the market compete on the basis of price, quality, innovation, service, reputation, distribution, and promotion. Vendors invest in designing, planning, developing, branding, expanding existing facilities, and acquiring new players in the market to increase their profit margins.
A more detailed analysis is available in the Technavio report, Global Construction Stone Market 2016-2020.
We can customize this reports by other regions and specific segments upon request.
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