The stones market consists of sales of stone by entities (organizations, sole traders and partnerships) that mine and quarry 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 stones market is segmented into dimension stones and crushed stones.
The global stones market is expected to grow from $8.06 billion in 2020 to $8.89 billion in 2021 at a compound annual growth rate (CAGR) of 10.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $11.15 billion in 2025 at a CAGR of 6%.