LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global dimension stone market to grow at a CAGR of nearly 4% during the forecast period, according to their latest market research report.
The growing adoption of diamond wire cutting is one of the major trends witnessed in the global dimension stone market 2019-2023. The adoption of diamond wire cutting machines is increasing even though it was considered an expensive cutting method. Globally, factors such as increased accuracy and reduced wastage of material offered by diamond wire cutting machinery are encouraging vendors to increasingly prefer this technology to chainsaw cutting and expansion powders in dimension stone quarries.
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According to Technavio analysts, one of the key factors contributing to the growth of the global dimension stone market is the rapid shift towards sustainability:
Global dimension stone market: Rapid shift towards sustainability
The increasing adoption of natural building materials can be attributed to the growing emphasis on construction practices and its impact on the environment. Factors such as growing consumer awareness with respect to the impact of building materials on the environment contributed to the increasing demand for sustainable flooring, wall tiles, and roofing products.
According to a senior analyst at Technavio for research on metals and minerals, “In developed markets such as the US and Western Europe are adopting stringent regulations to ensure eco-friendly construction and eco-friendly buildings. Thus, consumers increasingly choose natural stone products such as marbles and granites when compared to products with plastic composites and other emission-prone products.”
Global dimension stone market: Segmentation analysis
The global dimension stone market research report provides market segmentation by product (limestone, granite, sandstone, and marbles and slate) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The limestone segment held the largest market share in 2018, accounting for nearly 43% of the market. This product segment is expected to dominate the global market throughout the forecast period.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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