Dimension stone is a natural rock that is cut into various sizes for use in the construction and monument industries. This industry comprises the development of mine sites, mining and quarrying of dimension stones. Dimension stone products include blocks of rock such as marble, granite, limestone, sandstone and slate. After cutting and polishing, these stones are used in construction of buildings and monuments, and as exterior and interior decorative materials of buildings.
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The global dimension stone mining market was valued at $75 billion in 2017, and is expected to be driven by the reduction in free trade. Many developed and developing economies are considering restrictions on free trade to boost their local economy. Asia Pacific was the largest geographic region in the market, accounting 54% of the global market share.
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China was the largest country in the market, accounting for 31.6% of the global dimension stone mining market.
The top five competitors in the market are Vulcan Materials Company, Martin Marietta Aggregates Inc., Cemex S A B de C V, Carmeuse Lime and Stone Inc., and Rogers Group Inc. Vulcan Materials Company is the largest player in the market. Vulcan Materials Company is an American company based in Birmingham, Alabama. It is principally engaged in the production, distribution and sale of construction materials.
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