The global natural stone market has achieved a significant milestone, with a market size of US$ 37.5 billion in 2022. The market is poised for continued growth, and experts project it to reach US$ 47.9 billion by 2028, displaying a steady Compound Annual Growth Rate (CAGR) of 4% during the period 2023-2028.
Natural stones, including marble, limestone, granite, slate, quartzite, sandstone, laterite, and basalt, are earthly treasures used for decorative purposes and construction materials. These stones are hand-selected, having taken millions of years to form under the combined forces of heat and pressure.
Natural stones find wide applications in flooring, wall cladding, countertops, backsplashes, sculptures, decorative items, roofing, bathtubs, and swimming pools. They possess various properties such as density, strength, color intensity, appearance, hardness, color blend, texture, and structure. These stones are celebrated for their durability, eco-friendliness, ease of maintenance, and cost-effectiveness. They come in a variety of textures, shapes, colors, and sizes, making them indispensable in residential, commercial, hospital, and educational building construction.
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