Portland, OR -- (SBWire) -- 09/01/2017 --Granite is a common type of felsic intrusive igneous rock, which is granular in texture. Depending on its minerology, granite can be white, pink, or gray in color. Granite containing rock is widely distributed throughout the continental crust. Granite and related marble industries are considered one of the oldest industries in the world. It is hard, more durable, and water & stain resistant as compared to other stones. Moreover, it is stain resistant, and the color of granite countertop never fades. Presently, it is widely used for sculpture & memorials, building, engineering, and other applications to construct sink, granite building stone, countertops, granite tile, and others.
Increase in adoption of granite for the construction of kitchen countertops, bath vanity tops, backsplashes, bathroom sinks & basins, and tabletops or desktops majorly drives the growth of the global granite market. In addition, rise in demand for granite for residential purposes and rise in investment in construction activities drive the growth of the market. However, high cost of granite and labor intensive installation hamper the growth of the global market.
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Granite Market Key Segments:
By Product
- Granite Slabs
- Granite Tiles
- Others
By Application
- Kitchen Countertops
- Flooring
- Stair Treads
- Monuments
- Others
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Granite Market - Industry Forecast 2023