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.
The global stone mining and quarrying market is valued at $142 billion in 2017 due to the advancements in the mining industry such as power lasers which in turn increase the productivity and continued demand from the construction market.
In the report, the global stone mining and quarrying market is divided into two segments namely dimension stone mining and crushed stone mining. While the first segment accounts for more than half of the market share and the remaining share is attributed to crushed stone mining segment.
China was the largest country in the stone mining and quarrying market in 2017, accounting for more than 30% market share. This can be attributed to the country’s economic and population size and increased use of precious stones such as marble and granite in buildings, residences and monuments. The USA and Japan followed China as the next largest countries in the market.
The stone mining and quarrying market is fragmented with a number of large and small organizations. The top five competitors in the market made up 7 % of the total market share in 2017. Vulcan Materials Company was the largest competitor of the market, followed by Martin Marietta Aggregates, Inc. and Cemex S.A.B. de C.V. Headquartered in Birmingham, Vulcan Materials Company is a leading supplier of construction aggregates in the country.
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