Stone mining and
quarrying industry primarily includes the development of mine sites, mining and
quarrying of dimension stone such as 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.
The global stone
mining and quarrying market is valued at $142 billion in 2017 due to the
advancements in the mining industry such as power lasers which in turn increase
the productivity and continued demand from the construction market.
In the report,
the global stone mining and quarrying market is divided into two segments
namely dimension stone mining and crushed stone mining. While the first segment
accounts for more than half of the market share and the remaining share is
attributed to crushed stone mining segment.
China was the
largest country in the stone mining and quarrying market in 2017, accounting
for more than 30% market share. This can be attributed to the country’s
economic and population size and increased use of precious stones such as
marble and granite in buildings, residences and monuments. The USA and Japan
followed China as the next largest countries in the market.
The stone mining
and quarrying market is fragmented with a number of large and small
organizations. The top five competitors in the market made up 7 % of the total
market share in 2017. Vulcan Materials Company was the largest competitor of
the market, followed by Martin Marietta Aggregates, Inc. and Cemex S.A.B. de
C.V. Headquartered in Birmingham, Vulcan Materials Company is a leading
supplier of construction aggregates in the country.
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