Dimension stones, also known as specification stones, refer to stones with certain specifications and sizes. In the stone industry, different stones are classified and named based on their characteristics such as size, shape, color, texture, etc.
Overview of Market Development
The GCC region is known for its abundant oil resources, but in recent years, governments around the world have begun to vigorously develop diversified economies, reduce dependence on oil, and promote growth in other industries. The transformation of this economic structure has had a significant impact on the dimension stone market.
The GCC region is rich in natural resources and has a large amount of mineral deposits of various sizes. With the continuous growth of demand for dimension stones in industries such as construction and decoration, the market size of dimension stones in the region has shown a steady growth trend in recent years. According to our research data, the size of the GCC regional dimension stone market is expected to reach $403 million in 2024, an increase of 4.40% compared to 2023. It is expected that the market size will continue to increase to $533 million by 2029.
Segmented Market Analysis
From the perspective of segmented product types, according to their different textures, dimension stones can usually be divided into types such as limestone, granite, marble, and travertine. Among them, limestone and granite dominate the market. Data shows that in 2024, in the GCC region's dimension stone market, the market share of limestone and granite segments is expected to reach 40.22% and 33.01%, respectively.
GCC Region Dimension Stone Market Size and Market Share by Type Forecast
Source: www.globalmarketmonitor.com
Market Analysis of Major Countries
From the perspective of market development in major countries, Saudi Arabia is the largest consumer of dimension stones in the GCC region. The data shows that the consumption of dimension stones in Saudi Arabia is expected to reach 1063.5k tons in 2024, accounting for an estimated 47.98% of the total consumption; The UAE and Qatar are expected to become the second and third largest consumer countries with a share of 25.59% and 10.43%.
GCC Region Dimension Stone Consumption and Proportion by Country Forecast in
2024
|
Countries
|
Consumption (K Tons)
|
Proportion
|
|
Saudi Arabia
|
1063.5
|
47.98%
|
|
UAE
|
567.1
|
25.59%
|
|
Kuwait
|
160.5
|
7.24%
|
|
Qatar
|
231.2
|
10.43%
|
|
Oman
|
85.1
|
3.84%
|
|
Bahrein
|
74.5
|
3.36%
|
|
Jemen
|
34.6
|
1.56%
|
Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Dimension Stone Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".
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