Stone Processing Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027Price: 3200/- USD | Published Date: September 23, 2020 |
The global stone processing market size is projected to grow at the CAGR of 9% during 2017-2025. Stone processing tools mainly consist of abrasives, diamond tools, carbide, and others. Among them, diamond tools have gained high importance in the market. The factors boosting the growth of diamond tools include a wide range of applications in the end-user industries. Other factors promoting the growth of stone processing tools are the super hard nature of stone which requires stone processing tools. Diamond is treated as an engineering material by scientists and engineers due to its hardness, thermal conductivity, and abrasion resistance. Hence, diamond tools dominate the stone processing market worldwide.
Diamond tools accounted for the major share around 35% of global stone processing market. Diamond tools are expected to be the fastest-growing segment due to its advantageous properties. It is proved to be a better tool in stone cutting in comparison to other tools available in the market. The growing construction industry is the major factor driving the growth of mastics in the market. Rising demand for construction materials such as cement, stone, sand and woods has boosted market for adhesives in the market. High demand is reported for adhesives from the constructional industry worldwide. Hence, mastics are anticipated to grow in the near future. Properties of carbide such as low density, strength, high thermal conductivity, thermal shock resistance, hardness, and low thermal expansion are driving the growth of carbide in the market. Another factor that promotes the use of carbide is its use in tough environments. The Asia Pacific is the major consumer of silicon carbides followed by North America. Silicon carbide is expected to boost growth for the stone processing market and will increase in the near future.
Market Segment Insights:
Sealants accounted for the larger share of the global stone processing market in 2019. It accounted for more than 40% share of the global market. Sealants are the blocking or sealing materials used to block the passage of fluids from the surface and opening of joints. Mastics accounted for the fastest growing and second-largest segment of the stone processing market in 2019. It accounted for more than 39% share of the global stone processing market in 2019. The growing construction industry is the major factor driving the growth of mastics in the market. High demand is reported for adhesives from the constructional industry worldwide. Hence, mastics are anticipated to grow in the near future.
Diamonds dominated the global stone processing tools market in 2019. Growing development in diamond manufacturing technology has led to a rising demand for the stone processing market. Silicon carbide is a crystalline compound that is made up of carbon and silicon. It is a replacement for silicon-based semiconductors for the electronic industry. Silicon carbide is expected to boost the growth of the stone processing market and will increase in the near future. Other tools are also projected to fuel demand for the stone processing market during the forecast period from 2020 to 2027.
Global Stone Processing Market Segmentation:
By Product, 2018–2027 ($ Millon)
By Type, 2018–2027 ($ Millon)
By Geography, 2018-2027 ($ Millon)
- North America
- Asia Pacific
- Latin America (LATAM)
- Middle East and Africa (MEA)
North America accounted for the largest share of global stone processing tools market in 2016. It accounted for more than 32% share of the global stone processing tools market. Industries such as construction, sealants, diamond tools and abrasives are expected to generate high demand for stone processing tools in the market. North America is driven by the rising stone processing market in the construction sector. The U.S. is the major country driving the growth of the construction industry in the region. Europe followed North America in terms of demand for stone processing tools. It is the fastest-growing market and second-largest market for the stone processing tools market. Therefore, strong demand is reported for stone processing tools from the construction industry in the region. The Asia Pacific is also known as a large stone trade region worldwide. Hence, Asia Pacific boosts market growth for stone processing tools in the market and is anticipated to increase in the near future.
Market Competition Assessment:
The major players currently operating in the global hyaluronic acid market include ADRIA MACHINE & TOOL Ltd, BRETON SPA, Duna-Corradini S.P.A., Enlatas Camattini GmbH, Global Stone Ltd., KLEEMANN GMBH, SC Monte Bianco SA, Shanghai Shenbang Machinery Co., Ltd., Tenax Group, and Tyrolit Group.
List of Key Companies:
- Adria Machine & Tool Ltd
- Breton SPA
- Duna-Corradini S.P.A.
- Enlatas Camattini GmbH
- Global Stone Ltd.
- KLEEMANN GMBH
- SC Monte Bianco SA
- Shanghai Shenbang Machinery Co., Ltd.
- Tenax Group
- Tyrolit Group
Key Questions Answered by Stone Processing Market Report
- Global stone processing market forecasts from 2020-2027
- Regional stone processing market forecasts from 2020-2027 covering Asia-Pacific, North America, Europe, Middle East, and Africa, and Latin America
- Country-level forecasts from 2020-2027 covering 15 major countries from the aforementioned regions
- Stone Processing submarket forecasts from 2020-2027 covering submarket 1, submarket 2 submarket 3
- Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to the stone processing market
- Analysis of the key factors driving and restraining the growth of the global, regional, and country-level stone processing markets from 2020-2027
- Competitive Landscape and market positioning of top 10 players operating in the stone processing market
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Table of Content:
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
Chapter 2 Executive Summary
2.1 Global Stone Processing Market Portraiture
2.2 Global Stone Processing Market, by Product, 2019 ($ Million)
2.3 Global Stone Processing Market, by Application, 2019 ($ Million)
2.4 Global Stone Processing Market, by Geography, 2019 (Value %)
Chapter 3 Global Stone Processing Market Analysis
3.1 Global Stone Processing Market Overview
3.2 Major Market Trends and Key Takeaways
3.3 Market Dynamics
3.3.1 Market Drivers
3.4 Attractive Investment Proposition
3.5 Competitive Analysis: Global Stone Processing Market, 2019 (Value %)
Chapter 4 Global Stone Processing Market, by Product, 2018-2027 ($ Million)
Chapter 5 Global Stone Processing Market, by Type, 2018-2027 ($ Million)
Chapter 6 Global Stone Processing Market, by Geography, 2018-2027 ($ Million)
6.2 North America (U.S. & Canada)
6.3 Europe (U.K., Germany & Rest of Europe)
6.4 Asia Pacific (China, Japan, Singapore, South Korea and Rest of APAC)
6.5 Latin America (Mexico, Brazil and Rest of LATAM)
6.6 Middle East and Africa (GCC, and Rest of Middle East and Africa)
Chapter 7 Company Profiles
7.1 ADRIA MACHINE & TOOL Ltd
7.2 BRETON SPA
7.3 Duna-Corradini S.P.A.
7.4 Enlatas Camattini GmbH
7.5 Global Stone Ltd.
7.6 KLEEMANN GMBH
7.7 SC Monte Bianco SA
7.8 Shanghai Shenbang Machinery Co., Ltd.
7.9 Tenax Group
7.10 Tyrolit Group
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