Stone Processing Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022, the stone processing market was valued at US$ 4.0 Bn in 2014, and is expected to reach US$ 10.3 Bn by 2022, expanding at a CAGR of 8.6% from 2015 to 2022.
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Market Insights
The importance of stone processing has increased due to the growing demand for stone processing tools and adhesives in the construction industry. Increasing population has led to growth in constructional activities globally. This has led to demand for stone processing tools in the market. Stone processing tools mainly consists of abrasives, diamond tools, carbide and others. Among them diamond tools have gained high importance in the market. The factors boosting growth of diamond tools include wide range of applications in the end-user industries. Other factors promoting growth of stone processing tools is the super hard nature of stone which require 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.
Growing construction industry is the major factor boosting growth of global stone processing market globally. The revival of the construction industry after 2008 has led to high demand for tools and adhesives. Growing population worldwide has led to increase in the construction activities. Therefore, high demand is reported for stone processing tools and adhesives from the construction industry worldwide. Construction industry has wide range of applications in the stone processing industry as materials and stones such as crushed stones, gravel, sand, etc. are used for building highways, buildings and other constructional projects. Strong demand for modern architectural designs have also led to rising demand for stone processing tools in the market.
The importance of stone processing has increased due to the growing demand for stone processing tools and adhesives in the construction industry. Increasing population has led to growth in constructional activities globally. This has led to demand for stone processing tools in the market. Stone processing tools mainly consists of abrasives, diamond tools, carbide and others. Among them diamond tools have gained high importance in the market. The factors boosting growth of diamond tools include wide range of applications in the end-user industries. Other factors promoting growth of stone processing tools is the super hard nature of stone which require 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.
Growing construction industry is the major factor boosting growth of global stone processing market globally. The revival of the construction industry after 2008 has led to high demand for tools and adhesives. Growing population worldwide has led to increase in the construction activities. Therefore, high demand is reported for stone processing tools and adhesives from the construction industry worldwide. Construction industry has wide range of applications in the stone processing industry as materials and stones such as crushed stones, gravel, sand, etc. are used for building highways, buildings and other constructional projects. Strong demand for modern architectural designs have also led to rising demand for stone processing tools in the market.
Competitive Insights
On the basis of products and application, stone processing market is segmented into stone processing tools and adhesives. Stone processing tools include abrasives, diamond tools, carbide and others. Among them, diamond tools dominated the global stone processing tools market worldwide. Other tools such as abrasives, carbide and others are also anticipated to boost market demand in the near future. Adhesives were segmented into mastics, sealants and others among which sealants accounted for major share of global stone processing market. Sealants are used to block the passage of fluids from the surface or opening between the joints. They are also used for heat transmission and blocking of sound and dust. Hence, sealants are used on a large scale in the construction industry. Other adhesives are also contributing to the growth of global stone processing market and are expected to increase during the forecast period.
On the basis of products and application, stone processing market is segmented into stone processing tools and adhesives. Stone processing tools include abrasives, diamond tools, carbide and others. Among them, diamond tools dominated the global stone processing tools market worldwide. Other tools such as abrasives, carbide and others are also anticipated to boost market demand in the near future. Adhesives were segmented into mastics, sealants and others among which sealants accounted for major share of global stone processing market. Sealants are used to block the passage of fluids from the surface or opening between the joints. They are also used for heat transmission and blocking of sound and dust. Hence, sealants are used on a large scale in the construction industry. Other adhesives are also contributing to the growth of global stone processing market and are expected to increase during the forecast period.
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Key Trends
• High demand from construction industry
• Diamond tools dominate the stone processing market
• Europe is the fastest growing region for stone processing market
• Opportunities from modern architectural designs
• High demand from construction industry
• Diamond tools dominate the stone processing market
• Europe is the fastest growing region for stone processing market
• Opportunities from modern architectural designs
1 PREFACE - 11 -
1.1 REPORT DESCRIPTION - 11 -
1.1.1 Purpose of the Report - 11 -
1.1.2 Target Audience - 11 -
1.1.3 USP and Key Offerings - 11 -
1.2 RESEARCH SCOPE - 12 -
1.3 MARKET SEGMENTATION - 12 -
1.4 RESEARCH METHODOLOGY - 13 -
1.4.1 Phase I – Secondary Research - 14 -
1.4.2 Phase II – Primary Research - 14 -
1.4.3 Phase III – Expert Panel Review - 15 -
1.4.4 Approach Adopted - 15 -
1.1 REPORT DESCRIPTION - 11 -
1.1.1 Purpose of the Report - 11 -
1.1.2 Target Audience - 11 -
1.1.3 USP and Key Offerings - 11 -
1.2 RESEARCH SCOPE - 12 -
1.3 MARKET SEGMENTATION - 12 -
1.4 RESEARCH METHODOLOGY - 13 -
1.4.1 Phase I – Secondary Research - 14 -
1.4.2 Phase II – Primary Research - 14 -
1.4.3 Phase III – Expert Panel Review - 15 -
1.4.4 Approach Adopted - 15 -
2 EXECUTIVE SUMMARY - 16 -
2.1 MARKET SNAPSHOT: GLOBAL STONE PROCESSING MARKET - 16 -
2.2 GLOBAL STONE PROCESSING MARKET, BY STONE PROCESSING TOOLS - 17 -
2.3 GLOBAL STONE PROCESSING MARKET, BY ADHESIVES - 17 -
2.4 GLOBAL STONE PROCESSING MARKET, BY GEOGRAPHY - 18 -
2.1 MARKET SNAPSHOT: GLOBAL STONE PROCESSING MARKET - 16 -
2.2 GLOBAL STONE PROCESSING MARKET, BY STONE PROCESSING TOOLS - 17 -
2.3 GLOBAL STONE PROCESSING MARKET, BY ADHESIVES - 17 -
2.4 GLOBAL STONE PROCESSING MARKET, BY GEOGRAPHY - 18 -
3 MARKET DYNAMICS - 19 -
3.1 INTRODUCTION - 19 -
3.1.1 Global stone processing market revenue, 2013-2022 (US$ million) - 19 -
3.2 MARKET INCLINATION INSIGHTS - 19 -
3.2.1 Diamond Tool: Fastest Growing Stone Processing Tool - 19 -
3.2.2 Sealants : Highly demanded adhesives - 20 -
3.3 MARKET DRIVERS - 21 -
3.3.1 Growing construction industry - 21 -
3.3.2 Rising demand in end-user segments – - 23 -
3.3.3 Rising Demand for Diamond Tools in stone processing - 24 -
3.4 MARKET GROWTH INHIBITORS - 25 -
3.4.1 Growing environmental concerns regarding the mining process - 25 -
3.4.2 Higher Capital Cost - 26 -
3.5 SEE-SAW ANALYSIS - 27 -
3.5.1 Impact Analysis of Drivers and Restraints - 28 -
3.6 ATTRACTIVE INVESTMENT PROPOSITION - 29 -
3.7 COMPETITIVE ANALYSIS - 29 -
3.7.1 Market Positioning of Key Companies - 29 -
3.1 INTRODUCTION - 19 -
3.1.1 Global stone processing market revenue, 2013-2022 (US$ million) - 19 -
3.2 MARKET INCLINATION INSIGHTS - 19 -
3.2.1 Diamond Tool: Fastest Growing Stone Processing Tool - 19 -
3.2.2 Sealants : Highly demanded adhesives - 20 -
3.3 MARKET DRIVERS - 21 -
3.3.1 Growing construction industry - 21 -
3.3.2 Rising demand in end-user segments – - 23 -
3.3.3 Rising Demand for Diamond Tools in stone processing - 24 -
3.4 MARKET GROWTH INHIBITORS - 25 -
3.4.1 Growing environmental concerns regarding the mining process - 25 -
3.4.2 Higher Capital Cost - 26 -
3.5 SEE-SAW ANALYSIS - 27 -
3.5.1 Impact Analysis of Drivers and Restraints - 28 -
3.6 ATTRACTIVE INVESTMENT PROPOSITION - 29 -
3.7 COMPETITIVE ANALYSIS - 29 -
3.7.1 Market Positioning of Key Companies - 29 -
4 GLOBAL STONE PROCESSING MARKET ANALYSIS, BY STONE PROCESSINGTOOLS - 30 -
4.1 OVERVIEW - 30 -
4.2 TORNADO ANALYSIS FOR STONE PROCESSING TOOLS MARKET - 30 -
4.3 ABRASIVES - 31 -
4.4 DIAMOND TOOLS - 32 -
4.5 CARBIDE - 35 -
4.5.1 Global Stone Processing Market Revenue for Carbide, 2013 – 2022, (US$ Mn) - 35
4.6 OTHERS (STEEL BLADES, ETC.). - 37 -
4.6.1 Global Stone Processing Market Revenue for Other Tools, 2013 – 2022, ( US $ Mn) - 37 -
4.1 OVERVIEW - 30 -
4.2 TORNADO ANALYSIS FOR STONE PROCESSING TOOLS MARKET - 30 -
4.3 ABRASIVES - 31 -
4.4 DIAMOND TOOLS - 32 -
4.5 CARBIDE - 35 -
4.5.1 Global Stone Processing Market Revenue for Carbide, 2013 – 2022, (US$ Mn) - 35
4.6 OTHERS (STEEL BLADES, ETC.). - 37 -
4.6.1 Global Stone Processing Market Revenue for Other Tools, 2013 – 2022, ( US $ Mn) - 37 -
5 GLOBAL STONE PROCESSING MARKET ANALYSIS, BY ADHESIVES - 39 -
5.1 OVERVIEW - 39 -
5.2 TORNADO ANALYSIS FOR STONE PROCESSING ADHESIVES MARKET - 39 -
5.3 MASTICS - 40 -
5.3.1 Global Stone Processing Market Revenue for Mastics, 2013 – 2022, (US$ Mn) - 40 -
5.4 SEALANTS - 41 -
5.4.1 Global Stone Processing Market Revenue for Sealants, 2013 – 2022, ($ Million) - 41 -
5.5 OTHERS (SYNTHETIC WAX, ETC.) - 43 -
5.1 OVERVIEW - 39 -
5.2 TORNADO ANALYSIS FOR STONE PROCESSING ADHESIVES MARKET - 39 -
5.3 MASTICS - 40 -
5.3.1 Global Stone Processing Market Revenue for Mastics, 2013 – 2022, (US$ Mn) - 40 -
5.4 SEALANTS - 41 -
5.4.1 Global Stone Processing Market Revenue for Sealants, 2013 – 2022, ($ Million) - 41 -
5.5 OTHERS (SYNTHETIC WAX, ETC.) - 43 -
6 NORTH AMERICA STONE PROCESSING MARKET ANALYSIS - 45 -
6.1 OVERVIEW - 45 -
6.1.1 North America stone processing market revenue, 2013-2022, (US$ MN). - 45 -
6.2 NORTH AMERICA STONE PROCESSING MARKET ANALYSIS, BY STONE PROCESSING TOOLS, 2013-2022, ($ MILLION) - 45 -
6.2.1 SRC ANALYSIS - 46 -
6.3 NORTH AMERICA STONE PROCESSING MARKET ANALYSIS, BY COUNTRY, 2013-2022 (US $ MILLION) - 47 -
6.3.1 U.S. Stone Processing Market Revenue, 2013 – 2022 ($Million) - 47 -
6.1 OVERVIEW - 45 -
6.1.1 North America stone processing market revenue, 2013-2022, (US$ MN). - 45 -
6.2 NORTH AMERICA STONE PROCESSING MARKET ANALYSIS, BY STONE PROCESSING TOOLS, 2013-2022, ($ MILLION) - 45 -
6.2.1 SRC ANALYSIS - 46 -
6.3 NORTH AMERICA STONE PROCESSING MARKET ANALYSIS, BY COUNTRY, 2013-2022 (US $ MILLION) - 47 -
6.3.1 U.S. Stone Processing Market Revenue, 2013 – 2022 ($Million) - 47 -
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7 EUROPE STONE PROCESSING MARKET ANALYSIS - 50 -
7.1 OVERVIEW - 50 -
7.1.1 Europe Stone Processing Market Revenue, 2013 – 2022, ($ Million) - 50 -
7.2 EUROPE STONE PROCESSING MARKET ANALYSIS, BY ADHESIVES, 2013 – 2022 (KILO TONS) ($ MILLION) - 51 -
7.2.1 SRC Analysis - 51 -
7.3 EUROPE STONE PROCESSING MARKET ANALYSIS, BY REGION, 2013 – 2022 (US$ MN) - 52 -
7.3.1 EU (U.K., France, Germany) Stone Processing Market Revenue, 2013 – 2022 (US$ Mn) - 52 -
7.3.1.1 Comparative analysis of Europe Stone processing market revenue, By region, 2013-2022, (US $ Mn) - 54 -
7.1 OVERVIEW - 50 -
7.1.1 Europe Stone Processing Market Revenue, 2013 – 2022, ($ Million) - 50 -
7.2 EUROPE STONE PROCESSING MARKET ANALYSIS, BY ADHESIVES, 2013 – 2022 (KILO TONS) ($ MILLION) - 51 -
7.2.1 SRC Analysis - 51 -
7.3 EUROPE STONE PROCESSING MARKET ANALYSIS, BY REGION, 2013 – 2022 (US$ MN) - 52 -
7.3.1 EU (U.K., France, Germany) Stone Processing Market Revenue, 2013 – 2022 (US$ Mn) - 52 -
7.3.1.1 Comparative analysis of Europe Stone processing market revenue, By region, 2013-2022, (US $ Mn) - 54 -
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