Granite Market: Overview
Granite is an igneous rock which is developed due to theinterlocking between crystals of feldspar, quartz, and mica. Other minerals arealso present in minor quantities. Granite constitutes about 70% to 80% of theEarth’s crust. It is majorly found as large mountain ranges.
Different theories about the origin of granite have existed formore than 150 years. The two most prominent theories that exists currently arethe hyper-metamorphic theory and the magmatic theory.
The color of granitedepends on its mineral composition. It is predominantly found in white, gray orpink color.
The term granitic is used for granite as well as such igneousrocks that have similar texture to that of granite, but somewhat differentorigin and composition. Granite-like rocks primarily comprise quartz, feldspar,and mica with some amphibole minerals. Their interlocking structure is slightlyequigranular matrix of quartz and feldspar, with mica and amphibole scatteredin between. This scattered presence of mica and amphibole minerals can bemajorly observed in light-colored granites.
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Granite Market Trends
Granite is a hard stone and entails skill to hand-carve it. Itis utilized for making sculptures, memorials, and gravestones. It has also beenwidely employed as flooring tiles and dimension stones. In modern architecture,granite slabs and tiles are used to make countertops, bar tops, fireplaces,staircases, murals, paving stones, and curbings. They are also utilized asbuilding stones for bridges, memorials, monuments, and buildings. A form ofgranite, known as azurite granite, is primarily employed as a gemstone and alsofor construction purposes.
The usage of granite in household construction is increasing;however, there is concern regarding the radiations from granite being harmfulto health. Granite is also a natural source of radiation similar to mostnatural stones. The concern regarding radiation has been raised due to reportsof higher radioactivity in some granites. Alkali feldspar is a commonconstituent of granite. Potassium-40 is a radioactive isotope of weak emissionand is abundantly present in alkali feldspar. Uranium and Thorium are alsofound in granite. Concern about granite building materials being health hazardarises due to these factors.
In the construction industry, the granite is employed in eitherthe crushed form or dimensional form. Granite rock climbing is also popular asa sport, because of its soundness, steepness, friction, and crack systems.Consequently, artificial rock climbing walls in many theme parks and gyms aregiven the appearance and feel of granite.
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Granite Market Segmentation
In terms of color, the granite market can be segmented intoblack, white, and colored. In terms of application, the market can be segmentedinto architecture, construction, and others.
Granite Market: Region-wise Outlook
Granite and related industries are considered to be some of theoldest industries in the world. The U.S., China, India, Brazil, Italy, Sweden,Germany, and Spain are major exporters of granite. According to the U.S.Geological Survey, domestic production of granite in the U.S. was estimated tobe 1.48 billion tons in 2016. The granite was found in crushed stone form andwas said to be valued at more than US$ 16.2 billion.
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Granite Market: Key Players
Key players operating in the granite market include AblegroupBerhad, American Marazzi Tile Inc., CaesarStone, Cosentino S.A., Craig BakerMarble Co. Inc., Levantina y Asociados Minerals SA, Dakota Granite, Daltile,Duracite Inc., JNR Granite Import & Export Ltd, Precision Countertops,Granite Transformations, American Marble & Stoneworks Inc., and VanguraSurfacing Products Inc.
This study by TMR is all-encompassing framework of the dynamicsof the market. It mainly comprises critical assessment of consumers' orcustomers' journeys, current and emerging avenues, and strategic framework toenable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS thatoffers detailed visualization of four elements:
· Customer ExperienceMaps
· Insights and Tools based on data-drivenresearch
· Actionable Resultsto meet all the business priorities
· Strategic Frameworks to boost the growthjourney
The study strives to evaluate the current and future growthprospects, untapped avenues, factors shaping their revenue potential, anddemand and consumption patterns in the global market by breaking it intoregion-wise assessment.
The following regional segments are covered comprehensively:
· North America
· Asia Pacific
· Europe
· Latin America
· The Middle East andAfrica
