A report published from the Business Research Company has estimated that the global dimension stone mining market is expected to grow from $US5.2 billion ($7.33 billion) in 2021 to $US7.02 billion ($9.89 billion) in 2026.
Comprising granite, quartz based stone, limestone and other major stones, dimension stone is quarried stone that is finished or cut to a particular size that is used in many applications and across a variety of industries internationally.
Major players in the dimension stone mining market include Vulcan Materials Company, Martin Marietta Aggregates, CEMEX, Carmeuse Lime & Stone, and Rogers Group.
The dimension stone mining and quarrying market consist of sales of dimension stone by organisations, sole traders, and partnerships that mine and quarry dimension stone in the forms of rough blocks or slabs of stone.
The regions covered in this dimension stone mining and quarrying market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa, with the Asia-Pacific region being the largest region in the dimension stone mining and quarrying market in 2021.
The report suggests that the growth in the dimension stone mining market is due to increasing demand in the construction and real estate industry.
Demand present in these industries refers to the use of dimension stone as one of the most sustainable materials used in construction, cladding, paving and other applications, for the purpose of building and adding permanent additions, such as paths, bridges and sculptures that exist on land outside of core architecture.
As the demand for construction continues to increase within Australia, this report has relevance to the Australian quarrying industry with how it forecasts demand for the specifically sized and finished dimension stone.
According to information from the Victorian Earth Resources Regulator, the dimension stones used most often in Victoria are bluestone, sandstone, granite, slate, marble, gneiss, and limestone, with bluestone dominating dimension stone production in Victoria and granite dimension stone being produced nationwide.
The countries covered in the review of dimension stone mining and quarrying and identified as major producers and consumers are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.