CVD Lab-Grown Diamonds Global Market Report 2023 – By Type (Polished, Rough), By Color (Colorless, Colored), By Size (2-4 Carat, Above 4 Carat, Below 2 Carat), By Application (Machine And Cutting Tools, Heat Sinks And Exchangers, Optical, Laser And X-Ray, Electronics, Healthcare Instruments, Gemstones, Other Applications) – Market Size, Trends, And Global Forecast 2023-2032

A synthetic diamond is defined as a laboratory-grown diamond due to the same optical and physical properties as a natural diamond. It has the same natural diamond-like crystal lattice structure. These are used to provide hard coatings for industrial equipment such as machine tools, grinding wheels, wire-drawing dies, quarrying saws, and mining drills. The main types of synthetic diamonds are polished and rough. Polished diamonds are diamonds that have undergone processing without any connection to their size, shape, or any other feature. Color K and clarity SI2 are features of polished diamonds. The manufacturing process includes high pressure, high temperature, and chemical vapor deposition that are suitable for high-end electronics, lasers, x-rays, surgical machinery, quantum computing, and other applications. The global synthetic diamond market is segmented - 1) By Type: Polished, Rough 2) By Manufacturing Process: High Pressure, High Temperature, Chemical Vapour Deposition 3) By Application: High-End Electronics, Laser and X Ray, Surgical Machinery, Quantum Computing, Other Applications The global synthetic diamond market size is expected to grow from $16.78 billion in 2022 to $18.01 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. 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 the synthetic diamond market is expected to grow to $23.41 billion in 2027 at a CAGR of 6.8%. An increase in the use of synthetic diamonds in the electronic industry is expected to propel the growth of the synthetic diamond market going forward. The use of synthetic diamonds in the electronics industry has been growing due to their ability to act as heat sinks. Synthetic diamond prevents silicon and other semiconductor materials from overheating; hence, it has become a critical heat-enabling technology. Synthetic diamond is used to manufacture smaller and more powerful electronics when it is used as a semiconductor, thereby increasing its usage in radio frequency and power device types. For instance, in November 2021, Rough and Polished, a Russia-based industry expert and analytical agency, stated more than 13% of synthetic diamonds are used in electronics for the production of semiconductors, dosimeters, sensors, lasers, fiber optic systems, etc. Therefore, the increase in the use of synthetic diamonds in the electronic industry is driving the growth of the synthetic diamond market. Major players in the synthetic diamond market are Element Six UK Ltd., Scio Diamond Technology Corporation, Applied Diamond Inc., Heyaru Engineering Pvt. Ltd., Sandvik Group, Iljin Diamond Co. Ltd., Henan Huanghe Whirlwind Co. Ltd., Zhengzhou Sino-Crystal Diamond Co. Ltd., Industrial Abrasives Ltd., Swarovski AG, Soham Industrial Diamonds, Eco Star Diamonds, HeNan LiLiang Diamond Co. Ltd., and New Diamond Technology. Technological advancement is the key trend gaining popularity in the synthetic diamond market. Major companies are adopting nascent technologies to sustain their position in the market. For instance, in September 2021, Quantum Brilliance, an Australia-based quantum computing hardware company, developed quantum computers based on synthetic diamonds that can run at room temperature and can be miniaturized. It is in stark contrast to the superconducting quantum systems, which need large and energy-hungry cooling systems to keep them at a temperature colder than interstellar space. In January 2021, Hyperion Materials & Technologies, a US-based solutions provider for high-performance applications of hard and super-hard materials, acquired NanoDiamond Products for an undisclosed amount. The acquisition will help the company expand its synthetic diamond business across many industries, including stone cutting, electronics, oil & gas, and tool making. NanoDiamond Products is an Ireland-based manufacturer of customized nano-diamond products designed to offer consistent nano-diamond suspensions and concentrates. Asia-Pacific was the largest region in the synthetic diamond market share in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the synthetic diamond market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the synthetic diamond market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. A synthetic diamond market consists of sales of colorless sapphire, colorless zircon, synthetic cubic zirconia (zirconium oxide, CZ), and synthetic moissanite (silicon carbide). 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 resale along the supply chain, either further along the supply chain or as part of other products. The synthetic diamond market research report is one of a series of new reports from The Business Research Company that provides synthetic diamond market statistics, including synthetic diamond industry global market size, regional shares, competitors with a synthetic diamond market share, detailed synthetic diamond market segments, market trends and opportunities, and any further data you may need to thrive in the synthetic diamond industry. This synthetic diamond market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Industrial diamonds are a crystalline form of carbon intended for use as a cutting tool or abrasive in the industrial sector. They are irregularly shaped, poorly coloured, or too small to be valuable as gems, but they are significant in the industrial metalworking and mining industries. The two major types of industrial diamonds are natural and synthetic diamonds. Industrial natural diamonds refer to mined natural stones that are flawed, unevenly shaped, poorly coloured, or too tiny to be valuable as jewels but are essential in the industrial metalworking and mining industries. These are used in several applications, such as semiconductors, aerospace, the aviation industry, and others. Industrial diamonds are used by various end-users, such as construction, mining services, stone cutting or polishing, machinery manufacturing, transportation systems, and other end-users. The global industrial diamond market is segmented - 1) By Type: Natural, Synthetic 2) By Application: Semiconductor, Aerospace, Aviation Industry, Other Applications 3) By End-user: Construction, Mining Services, Stone Cutting Or Polishing, Machinery Manufacturing, Transportation Systems, Other End Users The global industrial diamond market is expected to grow from $2.00 billion in 2022 to $2.06 billion in 2023 at a compound annual growth rate (CAGR) of 2.70%. 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 industrial diamond market is expected to reach $2.32 billion in 2027 at a CAGR of 3.02%. The rapid growth of the automotive industry is driving the growth of the industrial diamond market. The automotive industry refers to a broad spectrum of businesses engaged in producing, developing, developing, designing, marketing, and distributing motor vehicles, towing vehicles, and mopeds. Industrial diamond has proven to be more cost-effective in many industrial operations than other abrasives because it cuts quicker and lasts longer. In the automotive industry, abrasives are used for frame cutting, edge chamfering, cutting, shaping, forming, and weld removal. Thus, the rising automotive industry will propel the sales growth of industrial diamonds. For instance, in March 2022, according to an Economic and Market Report shared by The European Automobile Manufacturers Association, a Belgium-based lobbying and standards group for the automobile industry in the European Union, the total number of cars produced climbed by 2.7% to 63.2 million. Sales of passenger cars in the US increased by 5.5% from 2020 to 11.9 million units last year. Chinese automakers produced 20.7 million vehicles in 2017, an increase of 7.1%. In the EU, 1.8 million commercial cars were registered in 2021, an increase of 9.6% over the previous year. EU van sales grew by 8.5% to over 1.6 million units in the previous year. Therefore, the rapid growth of the automotive industry is driving the growth of the industrial diamond market. Major players in the industrial diamond market are ALROSA PJSC, Industrial Diamond Laboratories Inc., Applied DiamondX Inc., De Beers Inc., Industrial Abrasives Ltd., 3M CO., Toolgal Industrial Diamonds Ltd., INVEDIA Ltd., Scio Diamond Technology Corporation, Toolgal Diamond Tools Ltd., Hebei Plasma Diamond Technology Co. Ltd., Schlumberger Limited, Nixon Industrial Diamonds Ltd., Advanced Diamond Technologies, Inc., and Iljin Diamond Co. Ltd. Technological advancement is a key trend in the industrial diamond market. Major players in the industrial diamond market are concentrating on developing new technologies to maintain their market share. For instance, in May 2022, De Beers Group, a UK-based international corporation specialising in industrial diamond manufacturing sectors, introduced Tracr, the world’s first blockchain-backed diamond source platform at scale. The TracrTM platform ensures that users have complete control over data usage accessed by integrating distributed ledger technology with cutting-edge data security and privacy. Each user of TracrTM has their own distributed version of the platform, which means that only they can decide who may access their data and who can share it with others. Data security on the platform is strengthened by the cutting-edge privacy technologies utilised by TracrTM. As the diamond moves up the value chain, the immutable nature of each transaction on the platform assures that the data cannot be altered. In January 2021, Hyperion Materials & Technologies, a US-based global materials science company, acquired NanoDiamond Products for an undisclosed amount. This acquisition will strengthen Hyperion's position as a top supplier of synthetic diamond and CBN products worldwide, resulting in a merged company that is well-suited to serve clients in various markets, including stone cutting, electronics, oil and gas, and tool manufacturing. NanoDiamond Products is an Ireland-based developer of a portfolio of diamond products that spans a wide range of industries. Asia-Pacific was the largest region in the industrial diamond market share in 2022. The regions covered in the industrial diamond market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the industrial diamond market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The industrial diamond market consists of sales of cubic zirconia and silicon carbide. 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 industrial diamond market research report is one of a series of new reports from The Business Research Company that provides industrial diamond market statistics, including industrial diamond industry global market size, regional shares, competitors with a industrial diamond market share, detailed industrial diamond market segments, market trends and opportunities, and any further data you may need to thrive in the industrial diamond industry. This industrial diamond 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.

Diamond refers to the process of mining diamonds of different carats. Art, science, engineering, and a lot of labour go into making a diamond. Pipe mining, alluvial mining, and marine mining are the three forms of mining utilised to mine diamonds. The main types of diamond are jewellery making and industrial applications. Jewellery making refers to ornamental pieces (such as rings, necklaces, earrings, and bracelets) that are made of materials that may or may not be precious (such as gold, silver, glass, and plastic), are set with genuine or imitation gems, and are worn for personal adornment. The grades are gem grade and industrial grade. The various mining types include underground mining and surface mining. The global diamond market is segmented – 1) By Type: Jewelry Making, and Industrial Applications 2) By Mining Type: Underground Mining, Surface Mining The global diamond market size will grow from $2.43 billion in 2022 to $2.55 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. 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 diamond is expected to grow from $3.41 billion in 2027 at a CAGR of 7.5%. The growth in the diamond market is due to the increasing population in developing countries such as China and India owing to rising disposable income, increased demand, and availability of credit. Disposable income refers to the amount of money that an individual or household has to spend or save after income taxes have been deducted. Marine Mining is a form of Diamond that is used in offshore placer deposits. For instance, in 2021, according to the Bureau of Statistics of China, a China-based Government agency data, Disposable Personal Income in China increased to 47412 CNY 2021 from 43834 CNY in 2020. Therefore, the rising disposable income is driving the growth of the Diamond market. Major players in the diamond market include Rockwell Diamonds, Anglo American Plc, Gem Diamonds, Petra Diamonds, and Lucara. Companies engaged in the diamond industry are using X-Ray Transmission (XRT) technology, to increase efficiency in their operations in the global diamond market. Under this technology, a mineral concentrate is passed through sensors that bombard each stone with X-rays and measure the absorption of each stone. XRT technology is quickly becoming the standard in the industry, as new mines begin using it and older mines make a transition to it. Africa was the largest region in the diamond market in 2022. The regions covered in this diamond market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the diamond global market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The diamond market includes revenues earned by entities by using the revenues generated by diamonds to aid national development. 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 diamond market research report is one of a series of new reports from The Business Research Company that provides diamond market statistics, including diamond global industry, regional shares, competitors with a diamond market share, detailed diamond market segments, market trends and opportunities, and any further data you may need to thrive in the diamond industry. This diamond 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.

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.

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.

The engineered stone refers to a composite slab of stone that is prepared from 90% crushed quartz and that is bound together utilizing a polymer resin, and the rest of 10% is prepared with extra materials such as metals, mirrors, or colored glass that are mixed in for aesthetic reasons. The engineered stone is utilized anywhere that slab stones such as marble or granite are used, but a majority of customers and industries utilize engineered stone for their kitchen and bathroom countertops. The key types of engineered stone products include tiles, blocks, and slabs, manufactured using processes such as cold-curing and hot-curing. Tiles, blocks, and slabs manufactured from engineered stone are used across a broad range of furnishing applications like kitchen worktops, flooring, raised flooring, internal and external cladding, vanity tops, and bathroom furnishings for little or large, public or private projects for houses and enormous commercial areas. The key applications of engineered stone include kitchen countertops, bathroom countertops, flooring, facades, and walls. The global engineered stone market is segmented - 1) By Type: Tiles and Blocks, Slabs 2) By Process: Cold Curing, Hot Curing 3) By Application: Kitchen Countertops, Bathroom Countertops, Flooring, Facades, Walls The global engineered stone market size will grow from $22.48 billion in 2022 to $24.52 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. 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 market size of global engineered stone market is expected to grow to $34.36 billion in 2027 at a CAGR of 8.8%. The high growth in the construction industry is expected to propel the growth of the engineered stone market. Engineered stones are widely used in the construction of residential projects for kitchen countertops, floors, façade tiles, and other architectural applications. The added benefits of engineered stone, such as bacteria-resistant nature, scratch-resistant nature, and heat resistance, make them an ideal choice for residential and commercial construction projects. The rapid surge in construction of commercial and residential projects is expected to boost the usage of engineered stones during the forecast period. For instance, according to the Office of National Statistics UK, the monthly construction output increased by 3.5% in volume in November 2021. Also, according to Invest India, an India-based national investment promotion and facilitation agency, the construction industry in India is expected to reach $1.4 trillion by 2025. Major players in the engineered stone market are LG Hausys, Johnson Marble & Quartz, Technistone A.S., Caesarstone Ltd., Belenco, Quarella Group Ltd., Quartzforms, Stone Italiana S.p.A, VICOSTONE, Diresco, Viatera, Santa Margherita Spa, Silestone, Tchnistone, and Topzstone. The key players in the engineered stone market are focusing on the manufacturing and development of engineered stone from recycled materials to meet their efforts towards sustainability and a low-carbon future. For instance, in March 2021, Stone Italiana, an Italy-based manufacturer of engineered stone, launched a new range of engineered stone called Cosmolite, manufactured from inert pre-consumer recycled materials. This stone was certified with LEED v4 Green Gold, NSF 51 Food Contact and the ability to produce low volatile organic compound emissions. In September 2020, The Engineered Stone Group, an Australian-based company, acquired F & D Group, a Europe-based company involved in the manufacturing of engineered stone shower trays and washbasins, for an undisclosed amount. This acquisition helps position the ES Group as a leader in the engineered stone bathroom products space, a developing segment within the broader bathroom products market. Asia-Pacific was the largest region in the engineered stone market share in 2022. The regions covered in the global engineered stone market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the Engineered Stone market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The engineered stone market consists of sales of Caesarstone, dekton, quartz, and Silestone. 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 engineered stone research report is one of a series of new reports from The Business Research Company that provides engineered stone statistics, including engineered stone industry global market size, regional shares, competitors with engineered stone shares, detailed engineered stone segments, market trends and opportunities, and any further data you may need to thrive in the engineered stone industry. This engineered stone research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Natural stone is an organic rock that is mined (quarried) from the earth’s surface and is hard and strong enough to be used for building or decorative purposes. Silica is the primary mineral component of natural stone. The main types of natural stones are marble, granite, limestone, and others. Marble refers to the metamorphic rock composed of calcite and dolomite. It is formed by the metamorphism of limestone and is commonly found in mountainous regions. Marble is used to enhance the aesthetic look of home décor and is commonly used in flooring, countertops, fireplace facing, windowsills, wall claddings, table tops, and other decoration applications. The different construction types include new construction and renovation. The natural stones are distributed through online channel and offline channel and applied in flooring, memorial arts, wall cladding, and other applications. The global natural stone market is segmented - 1) By Type: Marble, Granite, Limestone, Other Types 2) By Construction Type: New Construction, Renovation 3) By Distribution Channel: Online Channel, Offline Channel 4) By Application: Flooring, Memorial Arts, Wall Cladding, Other Applications The global natural stone market size will grow from $31.43 billion in 2022 to $33.57 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 natural stone is expected to grow to $41.91 billion in 2027 at a CAGR of 5.7%. The increase in the number of constructions projects is driving the growth of the natural stones market. The construction sector refers to the organizations that deal with creating, maintaining, and repairing infrastructures. Natural stones in construction projects provide permanent natural building materials than other natural building materials, used in flooring, roofing, masonry, paving roads, and as aggregates for concrete. Additionally, natural stones are highly preferred in heavy engineering such as bridges, harbor walls, sea-side walls, ballast for railways, the foundation works, and others due to their strength, durability, and weather-resistance properties. For instance, according to a report released in June 2021 by Canada's national statistical office, the investment in building construction rose from $14294 million in April 2019 to $19273 million in 2020. Therefore, the increase in the number of construction projects in the infrastructure sector is expected to propel the growth of the natural stones market going in the coming years. Major players in the natural stone market are Aro Granite Industries Ltd., Dimpomar, Dermitzakis Bros S A, Levantina y Asociados de Minerales S A, MARGRAF Spa, Mumal Marbles Pvt Ltd., Polycor Inc., Temmer Marble, Topalidis S A, Xishi Stone Group, Antolini Luigi & C S p a, Ranamar Marble, Amso International s a s, Dongxing Group, Vetter Stone, Southland Stone USA Inc., CUPA Group, Pakistan Onyx Marble, and Ahjar Sinai. Technological advancement is the key trend that is gaining popularity in the natural stones market going forward. Major companies operating in the natural stones sector are focused on technological advancements to strengthen their position. For instance, in January 2022, Häfele GmbH & Co KG, a Germany-based manufacturer, and supplier of furniture fittings and architectural hardware, introduced Dekton, a commercial surface that incorporates components of metamorphic rocks, sand, soil, and even marine surfaces. It uses super compacting technology to recreate and reimagine these characteristics as natural stone. Dekton surfaces provide higher resistance to abrasion and ultraviolet (UV) light which prevents them from fading or degrading over time and makes them an ideal surface for high-traffic areas and outdoors. In November 2022, Outdoor Living Supply, a US-based portfolio company of Trilantic North America, acquired Madbury for an undisclosed amount. This strategic acquisition would help OLS in growing its network in the market and OLS would look forward to the growth opportunities that the partnership of these companies would create. Madbury is a UK-based distributor of natural stone, hardscapes, landscape supplies and bulk materials. Asia-Pacific was the largest region in the natural stone market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the natural stone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the natural stone market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The natural stones market consists of sales of porphyry, quartzite, basalt, sandstone, flagstone, onyx, serpentine, soapstone, travertine, and dolomitic limestone. 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 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 natural stone market research report is one of a series of new reports from The Business Research Company that provides natural stone market statistics, including natural stone industry global market size, regional shares, competitors with a natural stone market share, detailed natural stone market segments, market trends and opportunities, and any further data you may need to thrive in the natural stone industry. This natural stone 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.