According to a new market report published by Credence Research “Stone Processing Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022,” the stone processing market was valued at US$ 4.02 Bn in 2014, and is expected to reach US$ 10.3 Bn by 2022, expanding at a CAGR of 8.6% from 2015 to 2022.
Browse the full Stone Processing Market for Stone Processing Tools and Adhesives- Growth, Share, Opportunities, Competitive Analysis, and Forecast 2014 – 2022 report at http://www.credenceresearch.com/report/stone-processing-market
Market Insights
The importance of stone processing has increased due to the growing demand for stone processing tools and adhesives in the construction industry. Increasing population has led to growth in constructional activities globally. This has led to demand for stone processing tools in the market. Stone processing tools mainly consists of abrasives, diamond tools, carbide and others. Among them diamond tools have gained high importance in the market. The factors boosting growth of diamond tools include wide range of applications in the end-user industries. Other factors promoting growth of stone processing tools is the super hard nature of stone which require stone processing tools. Diamond is treated as an engineering material by scientists and engineers due to its hardness, thermal conductivity and abrasion resistance. Hence, diamond tools dominate the stone processing market worldwide.
Growing construction industry is the major factor boosting growth of global stone processing market globally. The revival of the construction industry after 2008 has led to high demand for tools and adhesives. Growing population worldwide has led to increase in the construction activities. Therefore, high demand is reported for stone processing tools and adhesives from the construction industry worldwide.
Construction industry has wide range of applications in the stone processing industry as materials and stones such as crushed stones, gravel, sand, etc. are used for building highways, buildings and other constructional projects. Strong demand for modern architectural designs have also led to rising demand for stone processing tools in the market.
Browse All Reports of This Category @ http://www.credenceresearch.com/industry/mining-minerals-and-metals-market
Competitive Insights
On the basis of products and application, stone processing market is segmented into stone processing tools and adhesives. Stone processing tools include abrasives, diamond tools, carbide and others. Among them, diamond tools dominated the global stone processing tools market worldwide. Other tools such as abrasives, carbide and others are also anticipated to boost market demand in the near future. Adhesives were segmented into mastics, sealants and others among which sealants accounted for major share of global stone processing market. Sealants are used to block the passage of fluids from the surface or opening between the joints. They are also used for heat transmission and blocking of sound and dust. Hence, sealants are used on a large scale in the construction industry. Other adhesives are also contributing to the growth of global stone processing market and are expected to increase during the forecast period.
Key Trends
High demand from construction industry
Diamond tools dominate the stone processing market
Europe is the fastest growing region for stone processing market
Opportunities from modern architectural designs
About Credence Research:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
For More Information, Visit: Credence Research
Media Contact
Company Name: Credence Research
Contact Person: Chris Smith,
Designation: Global Sales Manager
Phone: 1-800-361-82901-800-361-8290 FREE FREE
Address: 105 N 1st ST #429, SAN JOSE,
CA 95103
E-mail: sales@credenceresearch.com
Blog URL – http://www.mobilecomputingtoday.co.uk/3409/stone-processing-tools-market-expected-reach-10-3-2022-credence-research/