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The global dark stone market size was valued at $3.7 billion in 2022, and is projected to reach $5.8 billion by 2032, growing at a CAGR of 4.8% from 2023 to 2032.
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According to a new report published by Allied Market Research, titled, “Dark Stone Market," The dark stone market size was valued at $3.7 billion in 2022, and is estimated to reach $5.8 billion by 2032, growing at a CAGR of 4.8% from 2023 to 2032. The rising need for home renovation and replacement is one of the major factors projected to fuel the global dark stone market growth. According to a January 2021 Harvard Joint Centre for Housing Studies report, the growth of house remodeling and repair expenditures is expected to increase from 3.5% at the end of 2020 to 3.8% by end of 2021 based on the most current Leading Indicator of Remodeling Activity (LIRA). Similar to this, representatives from the National Association of Home Builders' IBSx virtual event in February 2021 predicted that remodeling spending on owner-occupied single-family homes is anticipated to rise by 4% in 2021 and another 2% in 2022. Remodeling and refurbishment are variables that are expected to fuel the natural stone industry's profitable growth during the forecast period. Additionally, the growing consumer spending on home remodeling is boosting the demand for dark stones globally. Dark Stone Market Download Report Sample
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/75125 Frontrunners in the industry- Tripura Stones Pvt. Ltd., Stone Group International, Stoneville USA, Inc, Polycor Inc., Antolini Luigi & C. S.p.a., Levantina Y Asociados de Minerales, S.A., Aro Granite Industries Ltd, Pokarna Limited, UGM Surfaces, Aravali India Marbles & Granites, Coldspring, Stone Source LLC, Marble Trend, Brachot-Hermant NV, Bhandari Marble Group Dark Stone Market Download Report Sample
Dark Stone Market • The Dark Stone Market is segmented on the basis of type, End User, Application, and region. • By type • As per the dark stone market forecast, by type, the granite segment dominated the market, accounting for 42.4% of the dark stone market share in 2022 and is expected to sustain its dominance during the forecast period. In residences, dark granite is widely used for worktops, backsplashes, and bathroom vanities. Dark granite might offer a magnificent focal point in these spaces due to its deep color and unique patterns. Dark granite, which is popular for flooring, fireplace surrounds, and outdoor paving, gives the overall design a refined appearance. • By Application • As per the dark stone market trends, depending on the application, flooring is expected to be the fastest-growing segment during the forecast period. Dark stone is a popular option for flooring because of its aesthetic appeal, elegance, endurance, durability, ease of care, and versatility. In both developed and developing nations, increasing urbanization, industrialization, and infrastructure expenditures are driving the real estate industry, which is expected to fuel the expansion of the flooring section of the dark stone market globally. Additionally, recent years have seen the dark stone market experience tremendous expansion as a result of consumers' increasing spending on house remodeling and improvement. The rising use of dark stone in flooring and the increased relevance of the flooring have contributed to its domination in the market on a global scale. Download Report Sample
Regional Overview • North America is one of the fastest-growing markets. The market is significantly driven by the construction sector in North America. Dark stones are more and more in demand for use in building facades, flooring, countertops, and other uses as a result of expanding residential, commercial, and infrastructural developments. Dark stones are a preferred option for architects, builders, and homeowners due to their strength, beauty, and status. Local sourcing of dark stones in North America is becoming more popular. • Purchase this Report (Price 5,730 USD for single user license): https://www.alliedmarketresearch.com/checkout-final/c6af5840ab61d5d69dd3fdb65a167bcc • Key findings of the study • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the dark stone market analysis from 2022 to 2032 to identify the prevailing dark stone market opportunities. • The market research is offered along with information related to key drivers, restraints, and opportunities. • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network. • In-depth analysis of the dark stone market segmentation assists to determine the prevailing market opportunities. Dark Stone Market Download Report Sample
Recent Market Developments: • In April 2022, Stone Source LLC was acquired by Paramount Global Surfaces in order to strengthen its offering in the commercial flooring market. • In May 2022, UGM Surfaces collaborated with Vadara Quartz to open LuxeHome at the Merchandise Mart in downtown Chicago, U.S. • In November 2021, Levantina Y Asociados de Minerales, S.A., through its brand Techlam, opened its second manufacturing plant, in the town of Nules to expand its production capacity. • Do You Have Any Query Or Specific Requirement? Ask to Our Industry Expert : https://www.alliedmarketresearch.com/connect-to-analyst/75125 Dark Stone Market Download Report Sample
About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting services to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Dark Stone Market Download Report Sample
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