NATURAL STONE SLAB MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Market News

Recent Developments:

New product launches:

• In September 2022, Arizona Tile launched over 200 new stone slabs, including exotic granites, marbles, and quartzite from across the world. This expanded their natural stone offerings. Arizona Tile is a company that specializes in stone and tile products for various design projects. Arizona Tile offers a wide range of materials, including quartzite slabs, porcelain tiles, and other materials suitable for indoor and outdoor living spaces. The company provides installation photography to inspire customers and help them choose the ideal material based on their vision for the space. Arizona Tile also offers an R11 Anti-Slip finish for tiles, which allows for a seamless transition from indoor to outdoor living space.
• In January 2021, Pokarna Ltd. launched innovative quartz slabs under the Quantra brand. These slabs have antimicrobial and anti-skid properties for applications in kitchen and bath spaces. Pokarna Ltd. is a company that specializes in the extraction and processing of natural granite. Additionally, Pokarna Fabrics Limited (PFL) is a part of the Pokarna Group and is known for its leadership in textiles, apparel, and fabrics in India, as well as its prestigious position in the international market.
• In October 2020, Daltile launched its line of ceramic slabs called Ceramique in a variety of styles and sizes up to 5ft x 10ft. These large-format slabs provide seamless installations. Daltile is a leading manufacturer and distributor of porcelain tile, ceramic tile, and natural stone in the U.S.

Acquisition and partnerships

• In May 2022, Cosentino acquired a 70% stake in LITHOS, an Indian natural stone company specializing in marble, sandstone, and quartzite. This strengthened Cosentino’s natural stone offerings in India.
• In December 2020, Polycor acquired GM Granitos Marmores E Granitos, a Brazilian natural stone producer. This acquisition expanded Polycor's presence in Brazil.
• In September 2019, Temmer acquired Delta Graniland, a marble and granite processor in Spain. The acquisition enhanced Temmer's production capacity and product portfolio.