Engineered Stone Global Market Report 2023 – By Type (Tiles and Blocks, Slabs), By Process (Cold Curing, Hot Curing), By Application (Kitchen Countertops, Bathroom Countertops, Flooring, Facades, Walls) – Market Size, Trends, And Global Forecast 2023-2032

Marble is a metamorphic rock formed from limestone, and recrystallized carbonate minerals, most commonly calcite or dolomite. The main types of marble are natural marble and synthetic marble. Natural marble is available in nature in the form of metamorphic stone composed of calcite. Natural marble is widely used in building materials, sculptures, exterior walls of houses, kitchen countertops, stairs, and others. Synthetic marble, or artificial marble, is made from a mixture of small marble debris, stone powder, plastic, cement, and sand. Artificial marble is available in a variety of colours and patterns and is widely used as a building material in house exteriors, kitchens, walls, floors, and others. The market is segmented by form into Slab and Powder. Marble slabs are obtained from quarries and are cut into the required sizes. Marble powder is generated during marble processing. It can be used as a filler material in cement or fine aggregates while preparing concrete. By color, the market is segmented into white and others. White marble has high purity and strong metaphysical qualities of grounding and calming. White marble is widely used in flooring, architecture, home décor, and sculptures. Major applications of marble include building decoration, statues and monuments, furniture, and others. The global marble market is segmented - 1) By Type: Natural, Synthetic 2) By Form: Slab, Powder 3) By Color: White, Other Colors 4) By Application: Building and Decoration, Statues and Monuments, Furniture, Other Applications The global marble market size will grow from $29.77 billion in 2022 to $33.13 billion in 2023 at a compound annual growth rate (CAGR) of 11.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global marble market size is expected to grow to $49.8 billion in 2027 at a CAGR of 10.7%. The rising building industry is expected to drive marble consumption in building and decoration applications. The demand for residential housing has been increasing globally. The global construction industry is expected to reach $15.2 trillion by 2030, primarily driven by countries such as India, China, and the United States. So, the growing construction industry will drive the marble market. Major players in the market are DuPont de Nemours and Company (US), LG Hausys, Kuraray, Aristech Acrylics, Staron (SAMSUNG), Durat, Hanex, CXUN, Wanfeng Compound Stone, XiShi Group, PengXiang Industry, Blowker, ChuanQi, New SunShine Stone, Leigei Stone, Jinlong Yu Marble, Guangdong Chuanqi Compound Stone Co. New product launches are a key trend gaining popularity in the marble market. Companies are increasingly focusing on making and developing new marble products with improved quality. For instance, in December 2020, American Olean announced the launch of their new Mythique Marble collection. Mythique Marble is a full-sized porcelain floor, ceramic wall, and mosaic tile collection that features four on-trend marble designs, each with its own distinct personality. In November 2021, SiteOne® Landscape Supply, Inc., a US-based landscape supplies distributor, acquired Semco Stone, LLC for an undisclosed amount. The acquisition would help the company to expand the number of markets in which they provide a full range of landscape supplies. Semco Stone, LLC is a US-based supplier of natural stone such as white marble and other natural stones. Asia-Pacific was the largest region in the marble market share in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the marble market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the marble market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The marble market consists of sales of black marble, grey marble, cream marble, red marble, blue marble. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The marble research report is one of a series of new reports from The Business Research Company that provides marble statistics, including marble industry global market size, regional shares, competitors with marble share, detailed marble segments, market trends and opportunities, and any further data you may need to thrive in the marble industry. This marble research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Crushed and broken stone mining and quarrying refers to the process of mining and quarrying crushed and broken stone. For concrete aggregate and as a flux in blast furnaces, crushed stone is utilised. Rock is broken apart by drilling and blasting in the quarrying process. The main types of crushed and broken stone mining and quarrying are limestone mining, granite mining, and other types- of crushed stone mining. Limestone mining refers to mining operations in which the primary resource mined is the principal calcium or magnesium carbonate, which includes shell and coquina, along with the associated processing facility, water control system, and settling ponds. The mining type includes underground mining, and surface mining. The global crushed stones market is segmented – 1) By Type: Limestone Mining, Granite Mining, and Other Types- Crushed Stone Mining 2) By Mining Type: Underground Mining, Surface Mining The global crushed stones market size will grow from $4 billion in 2022 to $4.48 billion in 2023 at a compound annual growth rate (CAGR) of 11.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of crushed stones is expected to grow from $7.76 billion in 2027 at a CAGR of 14.7%. The growth in the crushed stone mining market is due to increasing road construction in rapidly developed countries such as US and Canada owing to rising infrastructure development. Road construction refers to the construction of a new roadway or the conversion of an existing unpaved road to a paved road. Major players in the crushed stone mining market include Lafarge Holcim, MMM, Vulcan, CRH PLC, and Heidelberg Cement. Precision Surface Excavation Machines are becoming more popular because they help to reduce noise and pollution in sensitive areas. These machines are versatile units that utilize a slicing drum to mechanically unearth materials and have advantages over the customary drilling and blasting strategies, as the major trends witnessed in the global crushed stone mining market. Western Europe was the largest region in the crushed stones market in 2022. The regions covered in this crushed and broken stone mining and quarrying market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the crushed and broken stone mining and quarrying market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The crushed and broken stone mining and quarrying market includes revenues earned by entities by constructing or building roads and getting used in chemical applications. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The crushed stones market research report is one of a series of new reports from The Business Research Company that provides crushed stones market statistics, including crushed stones industry global market size, regional shares, competitors with a crushed stones market share, detailed crushed stones market segments, market trends and opportunities, and any further data you may need to thrive in the crushed stones industry. This crushed stones market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Dimension stones refers to the process of mining and quarrying dimension stone such as rough blocks or slabs of stone. Dimension stone is a natural rock that is cut into various sizes for use in the construction and monument industries. The main types of dimension stones are marble, granite, limestone, sandstone, and other types. Marble refers to limestone that is more or less crystallized by metamorphism, that ranges from granular to compact in texture, that is capable of taking a high polish, and that is used especially in architecture and sculpture. The colours used are white, black, yellow, red, and other colours. The mining type includes underground mining, and surface mining. The global dimension stones market is segmented – 1) By Type: Marble, Granite, Limestone, Sandstone, and Other Types 2) By Mining Type: Underground Mining, Surface Mining The global dimension stones market size will grow from $8.51 billion in 2022 to $9.12 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of dimension stones is expected to grow from $11.89 billion in 2027 at a CAGR of 6.9%. The growth in the dimension stones mining market is due to increasing demand in the construction and real estate industry. Real estate refers to the land along with any permanent improvements attached to the land, whether natural or man-made including water, trees, minerals, buildings, homes, fences, and bridges. Dimension stone is one of the most sustainable materials used in construction, cladding, paving and other applications. For instance, in 2022, according to Savills India, an India-based real estate consultancy specializing in services real estate demand for data centres is expected to increase by 15-18 million sq. ft. by 2025. Therefore, the increasing demand in the construction and real estate industry is driving the growth of the dimension stone market. Major players in the dimension stones mining market include Vulcan Materials Company, Martin Marietta Aggregates Inc., Cemex S A B de C V, Carmeuse Lime & Stone Inc., and Rogers Group Inc. Remote surveying and geological mapping for mines and quarries are increasingly being done using LIDAR and UAV as it offers fast, accurate data to plan mining processes. LIDAR, which stands for light detection and ranging, is a remote sensing method that uses light in the form of a pulsed laser to measure ranges (variable distances), as the major trends witnessed in the global non-residential accommodation market. Asia-Pacific was the largest region in the dimension stones market in 2022. The regions covered in this dimension stones market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the dimension stones global market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The dimension stones market includes revenues earned by extracting large blocks of intact stone. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The dimension stones market research report is one of a series of new reports from The Business Research Company that provides dimension stones market statistics, including dimension stones industry, regional shares, competitors with a dimension stones market share, detailed dimension stones market segments, market trends and opportunities, and any further data you may need to thrive in the dimension stones industry. This dimension stones global market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The limestone refers to a sedimentary rock that is composed mainly of calcium carbonate (calcite) or calcium-magnesium double carbonate (dolomite). It contains microscopic fossils, shell pieces, and other petrified trash. Limestone is often grey in color, although it can also be white, yellow, or brown. Limestone may be found in aggregates, cement, building stones, chalk, and crushed stone, and it is frequently used in road and building construction. The main types of limestone are magnesian limestone and high-calcium limestone. High-calcium limestone refers to the lime that is primarily calcium oxide or calcium hydroxide and includes not more than 5% magnesium oxide or hydroxide. These types of limestone are categorized based on their size which includes crushed limestone, calcined limestone (PCC) and ground limestone (GCC). The various types of limestone are segregated based on application which includes, industry lime, refractory lime, chemical lime and construction-based lime. The major end-user segments for limestone are paper and pulp, water treatment, agriculture, building and construction, plastics, food and beverage and others. The global limestone market is segmented - 1) By Type: Magnesian Limestone, High-Calcium Limestone 2) By Size: Crushed Limestone, Calcined Limestone (PCC), Ground Limestone (GCC) 3) By Application: Industry Lime, Refractory Lime, Chemical Lime, Construction-Based Lime 4) By End User: Paper And Pulp, Water Treatment, Agriculture, Building And Construction, Plastics, Food And Beverage, Other End-Users The global limestone market size will grow from $69.16 billion in 2022 to $73.84 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of limestone is expected to grow to $97.79 billion in 2027 at a CAGR of 7.3%. The increasing demand from the construction industry is driving the growth of the limestone market. The construction industry has surged after the pandemic as many construction projects were stuck due to lockdowns. Cement is manufactured using limestone as a raw material. Cement is an important element in the construction industry because it is used in various construction mixtures, such as manufacture of composite concrete block, to meet specific needs in holding building blocks. According to the U.S. Census Bureau report on monthly construction spending in 2022, the construction spending was expected to be $1,744.8 billion in April 2022, a 0.8% rise from the revised March 2022 estimate of $1,740.6 billion. Therefore, the increasing demand from the construction industry is propelling the limestone market. Major players in the limestone market are Imerys, CARMEUSE, Mitsubishi Materials Corporation, Kerford Limestone, Lhoist Group, Mississippi Lime Company, GLC Materials LLC, Graymont Limited, Kerford Limestone, Omya AG, Eurocement, The National Lime & Stone Company, Indiana Limestone Company, Atlantic Minerals Limited and United States Lime & Minerals Inc. Strategic partnerships and collaborations are a key trend in the limestone market. Organizations enter into partnerships and collaborations to expand into new markets and leverage each other's resources. In May 2020, Biesterfeld Spezialchemie, a Germany-based provider of products and solutions for specialty chemicals, entered into a partnership with Omya. This partnership will expand Biesterfeld's product range to include new pharmaceutical excipients, active components, and nutraceutical goods. Omya is a Switzerland-based producer of calcium carbonate-based specialties. In January 2022, Ultratech Cement Limited, an India-based manufacturer of grey cement, ready-mix concrete and white cement acquired 100% equity shares in National Limestone Company Private Limited for $2.91 million (INR230 million). Post acquisition Ultratech Cement is has access to the limestone mining reserves of National Limestone Company for the operations of Ultratech. National Limestone Company Private Limited is an India-based company operating in limestone market. Asia-Pacific was the largest region in the limestone market in 2022. The regions covered in the limestone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the limestone market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The limestone market consists of sales of calcite, dolomite, tiny fossils, and shell fragments. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The limestone market research report is one of a series of new reports from The Business Research Company that provides limestone market statistics, including limestone industry global market size, regional shares, competitors with a limestone market share, detailed limestone market segments, market trends and opportunities, and any further data you may need to thrive in the limestone industry. This limestone market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Stone is a hard non-metallic solid mass or aggregate of various mineral of which rock is made. The main types of stones are dimension stones and crushed stones. Dimension stones are natural rock materials quarried to produce blocks or slabs that meet size (width, length, and thickness) and shape specifications. The various organization involved are large enterprises, small and medium enterprises. The different service providers include independent contractors and companies. The global stones market is segmented - 1) By Type: Dimension Stones, Crushed Stones 2) By Organisation Size: Large Enterprises, Small And Medium Enterprises 3) By Service Provider Type: Independent Contractors, Companies The global stones market size grew from $12.51 billion in 2022 to $13.6 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The stones market is expected to grow to $19.65 billion in 2027 at a CAGR of 9.6%. 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 of 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. Major companies in the stones market include Rogers Group Inc., Carmeuse S.A., Martin Marietta Inc., LafargeHolcim Ltd., Ncc AB, Vulcan Materials Company, Minerals Technologies Inc., Boral Limited, United States Lime & Minerals Inc. Asia-Pacific was the largest region in the stones market in 2022. Western Europe was the second largest region in the stones market. The regions covered in the stones market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the stones market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Vietnam, Bangladesh, Ukraine, and Iran. The stones market consists of sales of 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. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The stones market research report is one of a series of new reports from The Business Research Company that provides stones market statistics, including market size, regional shares, competitors with a stones market share, detailed market segments, market trends, and opportunities, and any further data you may need to thrive in the stones industry. This stones market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Tile adhesives and stone adhesives refer to a specially formulated dry powder that is mixed with water or latex additive to form a consistent paste that helps to permanently adhere or bond materials together. The tile adhesives and stone adhesives are used for fixing tiles on walls, floors, granite, and marble. They also help in fixing large tiles and tiles which are installed in areas with high moisture, as well as ceramic tiles and other stones in the interior and exterior of the house or office. The main types of chemical components include cementitious, epoxy, and others. Cementitious is used to harden and bind the aggregate particles together, improving the workability of fresh concrete and reducing thermal cracking in massive structures by reducing the heat of hydration. Cementitious in the tile adhesives and stone adhesives market refers to various building materials that are mixed with water to form a plastic paste. The various types of construction include new construction, repairs, and renovations. Ceramic tiles, marble tiles, mosaics, and glass are the applications of tile adhesives and stone adhesives. The various end users include residential, commercial, and institutional. The global tile adhesives and stone adhesives market is segmented - 1) By Chemistry: Cementitious, Epoxy, Other Chemistry 2) By Construction Type: New Construction, Repairs And Renovation 3) By Application: Ceramic Tiles, Marble Tiles, Mosaic And Glass 4) By End Use: Residential, Commercial, Institutional The global tile adhesives and stone adhesives market size grew from $4.09 billion in 2022 to $4.59 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global tile adhesives and stone adhesives is expected to grow to $6.71 billion in 2027 at a CAGR of 9.9%. An increase in foreign direct investments (FDI) in construction industries and a rise in urbanization are expected to propel the growth of the tile adhesives and stone adhesives markets going forward. Tiles and stone adhesives help in fixing tiles, which are installed in areas with high moisture, ceramic tiles, and other stones in the interior and exterior of the house or office. For instance, according to the Department for Promotion of Industry and Internal Trade of India, an India-based government organization, from April 2020 to June 2021, the amount of FDI equity inflows in the construction development sector was $51.5 billion, and the real estate sector also attracted $5 billion in institutional investments in 2020. Furthermore, according to the World Bank, an international financial institution, in 2020, metropolitan regions were home to 56% of the world's population, and by 2050, that number is predicted to rise to 70%. An increase in the urban population increases the construction of buildings. Therefore, an increase in FDI in construction industries and a rise in urbanization are driving the growth of the tile adhesives and stone adhesives market. Major players in the tile adhesives and stone adhesives market are ARDEX GmbH, Sika AG, Saint-Gobain, Pidilite Industries Limited, H B Fuller, Mapei, Fosroc, Laticrete International Inc., BASF, 3M, Royal Adhesives & Sealants LLC, Terraco, Superior Stone Products Inc., Tenax, Wacker Chemie and Henkel. Technological advancements in the tile adhesives and stone adhesives market are a key trend gaining popularity in the tile adhesive and stone adhesive markets. Major companies operating in the market are introducing new technologies such as Glass Tile Adhesive Lite, which is manufactured by crystalline silica levels and OSHA action levels, to sustain their position in the market. For instance, in February 2021, Laticrete, a US-based manufacturer of tile and stone installation materials, introduced an adhesive mortar for glass tiles and mosaic tiles. It is made up of a superior lightweight formula that increases bond strength, has a long open time, and has non-sag performance. The help of crystalline silica levels and OSHA action levels helps to increase its lightweight and performance features and provides a white color that doesn’t affect the design of clear or translucent tiles. In August 2021, Sika, a Switzerland-based specialty chemical company, acquired Bexel International for an undisclosed amount. With this acquisition, Sika will strengthen its position in the large, fast-growing Mexican construction market, which would provide cross-selling opportunities for complementary products such as sealants, adhesives, liquid-applied membranes, and waterproofing products and significantly extend its manufacturing footprint and distribution network in Mexico. Bexel International is a Mexico-based manufacturer of tile adhesives and stucco. North America was the largest region in the tile adhesives and stone adhesives market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the global tile adhesives and stone adhesives market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the tile adhesives and stone adhesives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The tile adhesives and stone adhesives market consists of sales of thin-set mortar and latex mortar. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The tile adhesives and stone adhesives market research report is one of a series of new reports from The Business Research Company that provides tile adhesives and stone adhesives market statistics, including tile adhesives and stone adhesives industry global market size, regional shares, competitors with an tile adhesives and stone adhesives market share, detailed tile adhesives and stone adhesives market segments, market trends and opportunities, and any further data you may need to thrive in the tile adhesives and stone adhesives industry. This tile adhesives and stone adhesives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Mining is the process of extraction of minerals, metals and other valuable materials from the earth. The main types of mining are mining support activities, general minerals, stones, copper, nickel, lead, zInc., metal ore, coal, lignite, and anthracite. General minerals include mine construction sand and gravel, industrial sand, kaolin and ball clay, clay and ceramic and refractory minerals, potash, soda and borate mineral, phosphate rock, or other chemical and fertilizer minerals mining. The various processes used for mining are underground mining and surface mining. The different service providers include independent contractors and companies. The global mining market is segmented - 1) By Type: Mining Support Activities, General Minerals, Stones, Copper, Nickel, Lead, And Zinc, Metal Ore, Coal, Lignite, And Anthracite 2) By Process: Underground Mining, Surface Mining 3) By Service Provider: Independent Contractors, Companies Subsegments Covered: Coal Mining Support Activities, Metal Mining Support Activities, Nonmetallic Minerals Mining Support Activities, Other General Minerals, Potash, Salt, Magnesite, Sulfur, Kaolin, Asbestos, Feldspar, Boron, Gypsum, Talc, Graphite, Baryte, Bentonite, Diatomite, Lithium, Selenium, Perlite, Vermiculite, Arsenic, Diamond,, Dimension Stones, Crushed Stones, Copper, Zinc, Lead, Nickel, Gold Ore, Iron Ore, All Other Metal Ores, Silver Ore, Uranium Ore, Vanadium Ore, Coal, Lignite, Anthracite The global mining market size grew from $2022.6 billion in 2022 to $2145.15 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The mining market is expected to grow to $2775.5 billion in 2027 at a CAGR of 6.7%. Government policies to support the mining industry is expected to drive the mining market. Governments are providing subsidies and encouraging foreign direct investments (FDI) in the mining industry. The amount of government support includes the support through governments' public finance institutions such as bilateral development banks and export credit agencies investing in mining projects, fiscal support through budget allocations and tax exemptions, and investments through majority state-owned mining and utility companies. For instance, in 2021, the Ministry of mines of the Government of India, enacted the Mines and Minerals Amendment Act 2021, and published The Mineral Conservation and Development Rules to facilitate the growth of Mining industry in India and to regulate the industry. These government policies will continue to support the growth of the mining market. Major companies in the mining market include BHP Group, Vale S.A., Rio Tinto, Glencore International, Anglo American plc, China Shenhua Energy Company Limited, China Coal Energy Company Limited, The Metallurgical Corp of China, Coal India Ltd and Corporacion Nacional del Cobre de Chile. Power generation companies are increasingly using alternate sources of energy such as natural gas, nuclear power, and renewable to produce clean and sustainable electricity. The decreasing cost of installation of renewable sources of energy is also driving the use of these sources for power generation. This is expected to act as a restraint on the demand for coal in power generation. According to the US Energy Information Administration (EIA), coal's share of the total world energy consumption is expected to decline from 22% in 2040. Renewable is expected to be the fastest growing energy source, with their consumption increasing at an average rate of 2.3% per year till 2040. The continuous shift to alternative sources for power generation will restrain the mining market. The use of renewable energy is helping mining companies reduce power costs and control emissions in the mines. As the solar or wind projects are built close to the mine sites, the cost of connecting to the power grid is also reduced. Site-appropriate renewable energy sources are reliable, consistent, and also economical. BHP and RioTinto have started using renewable energy sources in their mines. According to a report published by EY, RioTinto aims to generate 10% of 20MW – 25MW power demand from renewable energy in one of their mines and expects to reduce its diesel use by approximately 4 million liters, and its CO2 emissions by 12,000 tons. Also, in 2020, Rio Tinto approved the development of a large-scale solar photovoltaic and battery storage system for its western Australian Koodaideri mine. The solar plant will be one of Australia's largest photovoltaic installations at a mining site once completed. According to a report by Fitch Solutions, renewable energy used by mining companies from various sources include 57% solar thermal, 37% of solar PV, and 4% of wind energy. Asia-Pacific was the largest region in the mining market in 2022. North America was the second largest region in the mining market. The regions covered in the mining market analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the mining market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Vietnam, Bangladesh, Ukraine, and Iran. The mining market consists of sales of minerals, metals and other valuable materials such as sand and gravel, coal and stone extracted from the earth crust. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The mining market research report is one of a series of new reports from The Business Research Company that provides mining market statistics, including mining industry, global mining market size, regional shares, competitors with a mining market share, detailed mining market segments, market trends, and opportunities, and any further data you may need to thrive in the mining industry. This mining market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Surface mining refers to the method of extracting minerals near the surface of the earth. It is the removal of the terrain surface to access minerals underneath. Surface mining has a lower financial cost and is a lot safer than underground mining. The main types of surface mining are strip mining, open pit mining, and terrace mining. Strip-surface mining refers to a mineral-extraction process in which a layer or seam of undesired material is being removed from the surface of an area to allow efficient access to the desired material existing underneath the layer being stripped. The different minerals include metallic ore, non-metallic ore, coal mining, and others, and involve several end users such as metals, electric power industries, manufacturing, and others. The global surface mining market is segmented - 1) By Type: Strip Mining, Open Pit Mining, Terrace Mining, Other Types 2) By Mineral: Metallic Ore, Non-Metallic Ore, Coal Mining 3) By End User: Metal, Electric Power Industry, Manufacturing, Other End Users The global surface mining market size will grow from $26.94 billion in 2022 to $28.65 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of tthe global surface mining industry is expected to grow to $34.56 billion in 2027 at a CAGR of 4.8%. The rise in construction projects is significantly contributing to the growth of the surface mining market going forward. Construction is the process of building, altering, repairing, remodeling, improving, or demolishing any structure. Surface mining is helpful for construction sites for erecting structures and infrastructure components required for modern living, such as sand, gravel, gypsum, and limestone. For instance, according to Invest India, an India-based investment promotion and facilitation agency, the construction industry in India is expected to reach $1.4 trillion by 2025. In addition, the real estate industry in India is expected to reach $1 trillion by 2030 and will contribute 13% to India’s GDP. Therefore, the rise in construction projects drives the surface mining market going forward. Major players in the surface mining market are Perenti Global Limited, American Mine Services, Macmahon Holdings, BCM International Group, Laxyo Group, Mining Plus Pty Ltd., Technica Mining, Banks Group, Day Group, Goldcorp, Rio Tinto Group, BHP Billiton, Komatsu Ltd., Caterpillar Inc., Sandvik AB, Atlas Copco AB, Hitachi Construction Machinery Co. Ltd., and Coal India Limited. Strategic partnerships have emerged as a key trend gaining popularity in the surface mining market. Major companies operating in the surface mining market are looking for partnerships to strengthen their position in the market. For instance, in June 2021, Parenti Global, an Australia-based surface mining company, partnered with Sandfire Resources, an Australia-based mining and exploration company. Through this partnership, Parenti Global would expand its surface mining portfolio in Africa. Furthermore, in December 2020, Caterpillar, a US-based equipment and machinery company, partnered with Guardhat, a US-based technology company, to provide surface mining operations with safety solutions through Cat dealers. Through this partnership, both companies developing new system called Cat Connected Worker. This system uses wearable technology to provide increased protection for mine workers. The system will also provide event-based monitoring and mapping to enhance the mining environment. In November 2021, Alta Equipment Group, a US-based leading provider of industrial forklifts, heavy construction equipment, and warehouse solutions in the Midwest, acquired Midwest Mine Services for an undisclosed amount. With this acquisition, Alta Group expands its portfolio in the construction business and also increases the demand for high-end engineering and design services. Midwest Mine Services is a US-based surface mining equipment company. North America was the largest region in the surface mining market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surface mining industry analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the surface mining market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The surface mining market includes revenues earned by entities by providing services such as drift mining, slope mining, contour mining, and auger mining. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The surface mining market research report is one of a series of new reports from The Business Research Company that provides surface mining market statistics, including surface mining industry global market size, regional shares, competitors with a surface mining market share, detailed surface mining market segments, market trends and opportunities, and any further data you may need to thrive in the surface mining industry. This surface mining market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.