The growth in residential and construction activities are some of the prominent factors driving the growth of the natural stone market. In addition, an increase in the disposable income of individuals and an improvement in the standard of living of people in developing countries are expected to boost the growth of the natural stone market.
Prime determinants of growth
The increase in spending on home remodeling and retrofitting activities drives the natural stone market. However, fluctuations in foreign currencies and an increase in emphasis toward utilization of artificial materials are restraining the growth of the market. On the contrary, increase in government and private investments in the infrastructure are expected to offer lucrative opportunities for the growth of the market.
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