Natural stones including quartzite, slate, limestone, sandstone, marble, and granite are widely used in the construction industry for improving the visual appeal of residential and commercial buildings, along with other infrastructural developments. These stones sourced from the ground, makeover the innovative landscaping and flooring solutions in many establishments.

Shifting trends towards home remodeling supported by high disposable income is expected to drive the global Natural Stone Market growth in the coming years. In addition, the marble and granite find irreplaceable usage in developing kitchen countertops due to durability and hardness. Moreover, these stones are also used in patios, porches, backyards and paved floors to enhance the overall visual appeal of home architecture further promoting its adoption.

The growing number of engineering, procurement, and construction (EPC) projects in the infrastructure sector, complemented by the proliferating real estate business in the urban territories is expected to fuel the natural stone market demand. In addition, natural stones are majorly used in public infrastructure developments such as roads, bridges, canals, railways, airports, dams, and power plants. moreover, rapid urbanization coupled with robust industrialization should further promote residential and commercial infrastructure developments in the years to come, thereby augmenting the global natural stone market size.

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Based on product type, the marble and granite segments collectively accounts for the largest proportion of the natural stone market share in terms of revenue. The growth can be attributed to the expansion of the infrastructure sector around the world, especially in emerging countries such as China and India.

Considering the application, the flooring segment dominates the natural stone market due to increased housing construction activities propelled by the urbanization trends all over the world. The wall cladding segment has been witnessing the fastest growth rate due to increased implementation of wall cladding techniques to naturally decorate the interiors and exteriors of the infrastructures such as the hotels, gardens, schools, and residencies as well.

The Asia-Pacific region is anticipated to dominate the global natural stone market due to the proliferating housing industry and the huge availability of natural resources. The emerging economies such as India and China are undergoing a transition toward urbanization over the past decade which is expected to continue in the next decade, further providing lucrative opportunities for the natural stone market expansion.

However, the building renovation projects along with all-new construction activities in both the developed and emerging economies will create new business opportunities, the currency fluctuations caused by economic downtime are expected to hinder the natural stone market outlook.