Stone mining and quarrying industry primarily includes the development of mine sites, mining and quarrying of dimension stone such as rough blocks or slabs of stone, and crushed and broken stone. It also comprises stone beneficiating activities such as crushing, grinding, washing, screening, pulverizing, and sizing.
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The global stone mining market has shown decent growth in the past years with a CAGR of over 3%. The year 2017 recorded highest ever growth in this market with a net value of around $150 billion as per TBRC’s inhouse consultants.
TBRC’s latest report show the growing trends in the market for each year, globally and geographically with sourced reasons to support the growth claims.
The report also shows the stone mining market to grow at a slightly higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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Asia pacific has always been a major market share holder in this market, covering about half of the total stone mining industry, and growing with the highest rate. This region is expected to remain dominant by the year 2021. This is due to factors such as increased demand for stone and tiles in the housing development market, commercial and infrastructure sector development in many parts of this region, and other reasons mentioned in TBRC’s latest report.
Companies included in the report are Vulcan Materials Company, Martin Marietta Aggregates, Inc., Cemex S.A.B. de C.V, Carmeuse Lime & Stone Inc, and Adelaide Brighton Ltd.
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