Global Markets Latest Research Reports: Dimension Stone Mining Market Analysis

Showing posts with label Dimension Stone Mining Market Analysis. Show all posts

Jan 3, 2019

Innovative Technologies For Remote Surveying And Geological Mapping In Quarries

The global stone mining and quarrying market, a part of the mining industry, grew at a compound annual growth rate (CAGR) of around 3% during the historic period. The mining industry showed a steady growth. The growth is mainly due to the increase in demand for precious stones such a marble, granite, and limestone.

In the forecast period, the global stone mining and quarrying market size is expected to be over $120 billion by 2021, growing at a CAGR of nearly 4%. This is expected due to advancements in the mining industry such as power lasers increasing the productivity, and continued demand from the construction market, thereby driving the market. Furthermore, rising population, increase in dispensable income, and increasing per capita incomes are expected to drive the global stone mining and quarrying market in the future.

Find TBRC’s report on the stone mining and quarrying market: https://www.thebusinessresearchcompany.com/report/stone-mining-and-quarrying-global-market-report-2018

Remote surveying and geological mapping for mines and quarries is 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). LIDAR is used for surveying the mining area and helps in determining ore body, mining pit volume, and pre-strip and spoil surface volumes.

Major companies in the stone mining and quarrying market, offering LIDAR technology include Vulcan Materials Company, Martin Marietta Aggregates, Cemex S.A.B. de C.V., Adelaide Brighton Ltd., Rogers Group, Inc., Carmeuse Lime & Stone, Graphit Kropfmühl AG, Minerals Technologies Inc., United States Lime & Minerals, Inc.

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Jul 10, 2018

The Stone Mining And Quarrying Global Market Is Valued At $142 Billion In 2017 According To TBRC’s Latest Report

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.

Sample Report: https://www.thebusinessresearchcompany.com/sample.aspx?id=68&type=smp

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.