Market Overview:
The global stone veneer market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for natural stones in building and decoration applications. Additionally, the growing construction industry in developing countries is also contributing to the growth of the global stone veneer market. The global stone veneer market can be segmented on the basis of type into ledgestone, castle stone, and splitface. The ledgestone segment is expected to account for a major share of the global stone veneer market during the forecast period owing to its high demand in both building and decoration applications. On the basis of application,the global Stone Veneers Market can be divided into three segments:building, decoration, and others (including landscape architecture).
Product Definition:
Stone Veneer is a thin stone or brick facing that is attached to a building for decoration or insulation.
Ledgestone:
Ledgestone is a naturally occurring mineral, which is made up of silica and aluminum. It has the ability to absorb heat and acts as an insulator. The ledgestone market size spans across different applications such as countertops, flooring, walls & ceilings in residential & commercial sectors. Increasing demand for stone veneers coupled with growing construction industry owing to rapid urbanization is expected to drive the market over the forecast period.
Castle Stone:
Castle stone is a term used for large blocks of rough-cut natural stone that are suitable for use in the construction of walls and floors. These stones can be sourced from any source rock such as sandstone, quartzite, granite or limestone. The most commonly used type of castle stone is Limestone (Calcium Carbonate), which provides excellent binding properties when combined with other materials like clay and concrete.
Application Insights:
The building application segment led the global stone veneer market in 2017 and is projected to witness significant growth over the forecast period. The rising construction activities across various regions, including North America, Europe, Asia Pacific and Middle East & Africa are expected to drive product demand in this application segment.
Building decoration was the second-largest application of stone veneers in terms of revenue as well as volume in 2017. This is attributed to increasing use of decorative stones for exterior applications such as flooring, cladding and others on account of their aesthetic value and ability to complement architectural designs. In addition, rising consumer preference for natural looking products has driven manufacturers towards producing decorative products from natural materials like wood that mimic Mother Nature herself thereby driving demand for stone veneers over the past few years.
Regional Analysis:
Europe accounted for the largest share of over 35% in 2017. The region is expected to witness a steady growth rate over the forecast period owing to rising product demand from residential and non-residential construction sectors. In addition, increasing renovation activities are projected to propel market growth in Europe during the forecast period.
Asia Pacific is anticipated to register significant growth rate during the forecast years on account of rapid urbanization and growing population mainly in China, India, Indonesia, Malaysia Philippines Saudi Arabia South Africa and Thailand that has led to an increase in housing structures which will drive product demand further. Moreover, Ledgestone products have a long history of use as flooring materials particularly for buildings constructed using traditional methods thus making it suitable for application across various building types including houses & cottages/pensioners homes/apartments/shops etc., which will augment its consumption further.
Growth Factors:
- Increasing demand for natural stone veneer in construction industry as a substitute to traditional building materials such as bricks and concrete.
- Rising disposable income of the consumers, especially in the developing countries, which is resulting in an increase in demand for luxury homes and commercial buildings that use stone veneers for external cladding and decoration purposes.
- Growing popularity of stone veneers among architects, interior designers, and builders due to its unique appearance and durability compared to other building materials.
- Technological advancements that have made it possible to produce thin slabs of natural stones with high quality finish, thus opening up new opportunities for the market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Stone Veneer Market Research Report
By Type
Ledgestone, Castle Stone, Splitface
By Application
Building, Decoration, Others
By Companies
Boral, Stone Works, Sunset Stone, ProVia, Reno Stone, Boulder, Eldorado Stone, Ply Gem Stone, Quality Stone Veneer
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Stone Veneer Market Report Segments:
The global Stone Veneer market is segmented on the basis of:
Types
Ledgestone, Castle Stone, Splitface
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Building, Decoration, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Boral
- Stone Works
- Sunset Stone
- ProVia
- Reno Stone
- Boulder
- Eldorado Stone
- Ply Gem Stone
- Quality Stone Veneer
Highlights of The Stone Veneer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ledgestone
- Castle Stone
- Splitface
- By Application:
- Building
- Decoration
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Stone Veneer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Stone veneer is a type of wood finish that is made up of small, evenly spaced, smooth stones. The stones are glued to the surface of the wood and then sealed with a sealant. This type of finish is popular on furniture because it gives the piece a natural look and feel.
Some of the key players operating in the stone veneer market are Boral, Stone Works, Sunset Stone, ProVia, Reno Stone, Boulder, Eldorado Stone, Ply Gem Stone, Quality Stone Veneer.
The stone veneer market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Stone Veneer Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Stone Veneer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Stone Veneer Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Stone Veneer Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Stone Veneer Market Size & Forecast, 2018-2028
4.5.1 Stone Veneer Market Size and Y-o-Y Growth
4.5.2 Stone Veneer Market Absolute $ Opportunity
Chapter 5 Global Stone Veneer Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Stone Veneer Market Size Forecast by Type
5.2.1 Ledgestone
5.2.2 Castle Stone
5.2.3 Splitface
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Stone Veneer Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Stone Veneer Market Size Forecast by Applications
6.2.1 Building
6.2.2 Decoration
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Stone Veneer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Stone Veneer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Stone Veneer Analysis and Forecast
9.1 Introduction
9.2 North America Stone Veneer Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Stone Veneer Market Size Forecast by Type
9.6.1 Ledgestone
9.6.2 Castle Stone
9.6.3 Splitface
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Stone Veneer Market Size Forecast by Applications
9.10.1 Building
9.10.2 Decoration
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Stone Veneer Analysis and Forecast
10.1 Introduction
10.2 Europe Stone Veneer Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Stone Veneer Market Size Forecast by Type
10.6.1 Ledgestone
10.6.2 Castle Stone
10.6.3 Splitface
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Stone Veneer Market Size Forecast by Applications
10.10.1 Building
10.10.2 Decoration
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Stone Veneer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Stone Veneer Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Stone Veneer Market Size Forecast by Type
11.6.1 Ledgestone
11.6.2 Castle Stone
11.6.3 Splitface
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Stone Veneer Market Size Forecast by Applications
11.10.1 Building
11.10.2 Decoration
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Stone Veneer Analysis and Forecast
12.1 Introduction
12.2 Latin America Stone Veneer Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Stone Veneer Market Size Forecast by Type
12.6.1 Ledgestone
12.6.2 Castle Stone
12.6.3 Splitface
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Stone Veneer Market Size Forecast by Applications
12.10.1 Building
12.10.2 Decoration
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Stone Veneer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Stone Veneer Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Stone Veneer Market Size Forecast by Type
13.6.1 Ledgestone
13.6.2 Castle Stone
13.6.3 Splitface
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Stone Veneer Market Size Forecast by Applications
13.10.1 Building
13.10.2 Decoration
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Stone Veneer Market: Competitive Dashboard
14.2 Global Stone Veneer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Boral
14.3.2 Stone Works
14.3.3 Sunset Stone
14.3.4 ProVia
14.3.5 Reno Stone
14.3.6 Boulder
14.3.7 Eldorado Stone
14.3.8 Ply Gem Stone
14.3.9 Quality Stone Veneer
