The Natural Stone Slab Market is driven by increasing demand for...

The Natural Stone Slab Market is driven by increasing demand for premium construction finishes

Posted 2024-06-27 10:21:19

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The natural stone slab market comprises slabs of natural stone such as granite, limestone, marble, and quartzite which are cut into thin pieces to be used in applications like surfaces for buildings, monuments, and other construction purposes. Natural stone slabs provide higher durability and aesthetic value compared to other construction materials. Properties like scratch, heat, stain, and chemical resistance along with their timeless appeal have increased their preference over other materials for use in floors, walls, countertops, and facades in residential as well as commercial constructions.

The Global Natural Stone Slab Market is estimated to be valued at US$ 78.23 Bn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2024 To 2031.

Key Takeaways
Key players operating in the natural stone slab market are DHL International GmbH, AnyLogistix, LogicManager, Inc., SAP Arbia, Avetta, LLC, EXIGER, MetricSream, JAGGAER, CURA, Marsh LLC. These players are focusing on geographical expansion and innovating in automation technologies for quarrying, cutting, and finishing natural stone to gain a competitive advantage.

The growing Natural Stone Slab Market Demand from the construction industry for durable and premium aesthetics is driving the consumption of natural stone slabs globally. Especially in developing countries where infrastructure development is high, natural stone usage is increasing for government buildings, offices, malls, hotels, and airports.

Countries across North America, Europe, Asia Pacific, and the Middle East are witnessing an increase in mega construction projects which is propelling the global expansion of the natural stone slab market. Demand for aesthetically appealing interior designs is surging the adoption of natural stones in urban residential complexes and commercial set ups.

Market drivers
One of the key drivers for the natural stone slab market is the increasing demand for premium construction finishes from high-net-worth individuals. Natural stones are a status symbol and a much-preferred material for luxury homes, hotels, and offices. This is resulting in volume growth for premium varieties like marble and granite. Additionally, widespread marketing and emphasis on natural stones being eco-friendly is positively impacting their demand over time.

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