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 was valued at around $142 billion in 2017. Asia Pacific was the largest region in the stone mining and quarrying market in 2017, accounting for around 54% of the market. China was the largest country in the market in 2017, accounting for more than 30% market share.
Remote surveying and geological mapping for mines and quarries is 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). LIDAR is used for surveying the mining area and helps in determining ore body, mining pit volume, and pre-strip and spoil surface volumes. UAVs, which stands for unmanned aerial vehicle or drone, is a type of aircraft that operates without a human pilot onboard. The recent improvements in technology have resulted in the development of UAVs for multiple purposes. In mining, UAVs are used for aerial photography, remote sensing, and searching, monitoring and providing information from hazardous locations.
The top five companies covered are Vulcan Materials Company, Martin Marietta Aggregates, Inc., Cemex S.A.B. de C.V., Carmeuse Lime & Stone Inc. and Adelaide Brighton Ltd. Vulcan Materials was the largest company in the stone mining and quarrying market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The stone mining and quarrying market is segmented into Dimension Stone Mining and Crushed Stone Mining.
Dimension Stone Mining 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. Subsequent to cutting and polishing, these stones are used in construction of buildings and monuments, and also as exterior and interior decorative materials of buildings.
Crushed Stone Mining comprises crushed and broken limestone mining and quarrying, crushed and broken granite mining and quarrying and other crushed and broken stone mining and quarrying.