Dimension
stone is a natural rock that is cut into various sizes for use in the
construction and monument industries. This 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. After cutting and polishing, these stones are used in construction
of buildings and monuments, and as exterior and interior decorative materials
of buildings.
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The global dimension stone mining market was valued at $75
billion in 2017, and is expected to be driven by the reduction in free trade.
Many developed and developing economies are considering restrictions on free
trade to boost their local economy. Asia Pacific was the largest geographic
region in the market, accounting 54% of the global market share.
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China was the largest country in the market, accounting for
31.6% of the global dimension stone mining market.
The top five competitors in the market are Vulcan Materials Company, Martin Marietta
Aggregates Inc., Cemex S A B de C V, Carmeuse Lime and Stone Inc., and Rogers
Group Inc. Vulcan Materials Company is the largest player in the market. Vulcan
Materials Company is an American company based in Birmingham, Alabama. It is
principally engaged in the production, distribution and sale of construction
materials.
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