Global Dimension Stone Mining Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
4 Aug, 2021
The dimension stone mining market consists of sales of dimension stone mining by entities (organizations, sole traders, and partnerships) primarily engaged in developing the mine site and/or mining or quarrying dimension stone (rough blocks and/or slabs of stone). Dimension stone is a rock that is detached from its original site and is used with minor alteration as ornamental or building stone. It is a rock material mined or quarried to obtain slabs or blocks that meet specifications as to shape and size. Examples include mining or quarrying bituminous limestone, sandstone, marble, and granite.
Global Dimension Stone Mining Market Size And Drivers:
The global dimension stone mining market reached a value of nearly $5,422.6 million in 2020, having increased at a compound annual growth rate (CAGR) of 0.5% % since 2015. The market is expected to grow from $5,422.6 million in 2020 to $7,611.5 million in 2025 at a rate of 7.0%. The global dimension stone mining market is then expected to grow at a CAGR of 5.0% from 2025 and reach $9,734.7 million in 2030. The surge in capital expenditure on infrastructure development is projected to propel the revenue for the dimension stone mining market over the forecast period.
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Trends In The Global Dimension Stone Mining Market
Precision surface excavation machines are becoming more popular because they help to reduce noise and pollution in sensitive areas. Precision surface excavation machines are versatile units that utilize a slicing drum to mechanically unearth materials and have advantages over the customary drilling and blasting strategies. Surface excavation machines are low in noise, dust, and vibration and can cut more precisely and produce a smaller, more consistent particle size thus eliminating the need for a primary crusher. This is particularly important in mines in environmentally sensitive areas where noise and dirt pollution need to be minimized due to environmental regulation and pressure. For instance, Vermeer Corporation is the biggest provider of surface excavation machines globally.
Global Dimension Stone Mining Market Segments:
The global dimension stone mining market is further segmented based on type and geography.
By Type: Marble, Granite, Limestone, Sandstone, Others
By Geography: The global dimension stone mining market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the dimension stone mining market accounting for 69.0% of the total in 2020.
Read More On The Report For The Global Dimension Stone Mining Market At:https://www.thebusinessresearchcompany.com/report/dimension-stone-mining-global-market
Dimension Stone Mining Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides dimension stone mining market overviews, analyzes and forecasts market size and growth for the global dimension stone mining market, dimension stone mining market share, dimension stone mining market players, dimension stone mining market segments and geographies, dimension stone mining market’s leading competitors’ revenues, profiles and market shares. The dimension stone mining market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.