Market analysis of marble, granite and natural stone in India
The relevance of research
India has huge reserves of natural stone. The main types of natural stone that are in demand by Indian consumers are granite and marble. Granite is used as a building and facing material. Marble is used in the decoration of buildings, lobbies, subway halls
Purpose of the study
Analysis of the state of the marble, granite and natural stone market, assessment of the market volume, analysis of competitors, as well as identification of factors affecting the consumption market of marble, granite and natural stone
Content
Part 1. Indian market of granite and marble
1.1 Current status
1.2 Evaluation of factors affecting the market
1.3 Market volume and development in 2015-2018 (2018 - estimate)
1.4 Largest deposits of granite
1.5 Largest deposits of marble
1.6 Market development forecast for 2019-2022
Part 2. Indian natural stone market
2.1 Indian stone mining and stone processing industry. Main characteristics of the industry
2.2 Regional structure of natural stone mining by union territories
Part 3. Analysis of marble imports (2018)
3.1 Volume of imports by types of products (in physical and value terms)
3.1.1 Blocks
3.1.2 Slabs
3.1.3 Wall tiles
3.2 Structure of imports by importing countries (in physical and value terms)
Part 4. Granite import analysis (2018)
4.1 Volume of imports by types of products (in physical and value terms)
4.1.1 Blocks
4.1.2 Slabs
4.1.3 Wall tiles
4.2 Structure of imports by importing countries (in physical and value terms)
Part 5. The volume of imports of natural stone (in physical and value terms), 2018
Part 6. Market Participants
6.1 Stone industry
6.1.1 Major players in the TOP-5 market
6.1.2 Range of major players
6.1.3 Average prices for TOP-5 products
6.2 Importers of natural stone, marble, granite
6.2.1 Major players in the TOP-5 market (if any)
6.2.2 Assortment of the largest players in the TOP-5 (if any)
6.2.3 Average product prices
6.3 Distributors of natural stone, marble and granite processing equipment
Part 7. The role of Italy in the natural stone market in India (based on the analysis of marble and granite imports from Italy)
Part 8. Consumption forecast until 2022
Part 9. Conclusions
Research excerpt
Part 1. Indian market of granite and marble
1.1. Current state
India has huge reserves of natural stone, but among world manufacturers, domestic companies are only in the third ten. India's share of the global natural stone market is about 1%. The reasons for the insignificant participation of India in the world stone trade are that the mineral resource base of natural stone in India is represented mainly by ordinary varieties, which are offered in abundance by Chinese and Turkish manufacturers at a lower price.
However, the period of stagnation in the domestic stone mining and manufacturing industry is over. The latest technology and modern equipment have improved the process of processing natural stone, from which a wide range of products is made.
The main types of natural stone that are in demand by Indian consumers are granite and marble.
Granite is a hard rock that consists of several elements: quartz, feldspar, mica, plagioclase. Granite is characterized by a granular structure, high hardness (leaves a scratch on glass), light color, low density (2,54-2,78 g/cm3).
Granite is used as a building and facing material. Blocks, slabs, cornices, curbs, parts of various machines and units for the pulp and paper, food (starch and syrup), machine-tool, metallurgical and porcelain-faience industries are made from granite. Since granite, unlike metal, is not affected by acids and salts, is not afraid of moisture, millstones and rollers for mills are made from it. Granite tiles are a material for the manufacture of bases for precision instruments. Granite crushed stone is an important material for the manufacture of reinforced concrete products and structures, granite blocks - for the decorative design of buildings. Granite is used to make monuments, countertops, stairs, paving stones.
Marble is a common metamorphic rock, usually composed of a single mineral, calcite. Marbles are the products of metamorphization of carbonate and carbonate-silicate sedimentary rocks (limestones, dolomites, marls, etc.). Marble is characterized by a granular structure, low hardness (does not leave scratches on glass), smooth surfaces of grains (perfect cleavage), reaction under the action of dilute hydrochloric acid, low density (2,7 g/cm3).
Marble is used in the decoration of buildings, lobbies, underground metro halls, as a filler in colored concrete, is used for the manufacture of slabs, bathtubs, wash basins and monuments. Graceful cubes, lamps, original tableware are made from marble. Marble is used in ferrous metallurgy in the construction of open-hearth furnaces, in the electrical and glass industries. It is also used as a building material in road construction and as a fertilizer in agriculture, as well as for burning lime. Beautiful mosaic panels and tiles are made from marble chips.
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Diagram 2. Dynamics of production volume of marble, granite and other natural stone in India, 2015-2018, million tons
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Such a structure of natural stone production is due to the structure of Indian reserves, the peculiarities of the use of different types of stone, and partly by price. Granite is characterized by a lower cost. It is one of the most popular finishing stones and is used for cladding facades, laying stairs, paving sidewalks, and making curbs. Marble, on the other hand, is not recommended for flat and outdoor work due to its low chemical resistance and low abrasion resistance. An important element of the demand for natural stone is the construction and restoration of metro facilities.
1.2. Assessment of factors affecting the market
Let's consider the main factors influencing the market and, accordingly, the demand for marble, granite and natural stone.
Economic
Data on the dynamics of GDP is a macroeconomic indicator that reflects the market value of all final goods and services (that is, intended for direct consumption) produced per year in all sectors of the economy on the territory of the state for consumption, export and accumulation.
...
The real incomes of the population also determine the level of effective demand...
Diagram 6. Dynamics of real incomes of the population of India, 2015-2018, in % of the previous period
Building sector. …
Construction of the subway The city is implementing the state program ""Development of the transport system"" and, in particular, the development.
...
Socio-demographic
...
technological
Among the technological factors influencing the market of marble, granite and natural stone, we can distinguish:
Technological wear and tear of equipment ...
Import dependence of the stone processing industry on imported equipment ...
Indian-made stone processing equipment is significantly inferior in quality to imported analogues ...
Political and legal
In the Indian granite and marble market, the following standards and requirements for the quality characteristics of products apply:
GOST 9479-2011. This standard regulates the production of memorial, architectural, construction and cladding products from raw rock blocks (primarily such as granite, gabbro-diabase and marble). The main provisions of the interstate standard are the requirements for such parameters as:
linear characteristics and correct block geometry;
dimensions and frequency of occurrence of recesses and protrusions;
commercial volume and, depending on it, the distribution of block raw materials by category;
physical and mechanical properties;
marking;
test process;
acceptance.
GOST 32018-2012. This standard is devoted to the regulation of the manufacture of finished products from rock - in this case, road construction. Thus, it covers:
gabbro and granite paving slabs (received, in comparison with the previous Soviet standard, a new conditional coding);
borders of the GP (in other words, side stones, which also changed the conventions and are divided into actual borders and curbs);
all types of paving stone (chipped, chipped-sawn, full-sawn elite paving stones);
other natural stone products that can be used to pave roads, squares, sidewalks, pedestrian areas, tram tracks, paths in gardens and parks, etc. (in particular, gabbro or similar granite tiles, okol, etc.)
GOST 9480-2012 is dedicated to cladding slabs and dictates the basic requirements both for the above-mentioned final products themselves (used for all types of interior and exterior cladding), and for the semi-finished product necessary for their manufacture (for example, thick gauges and slabs).
GOST 23342-2012 regulates the principles of manufacturing mainly various architectural forms, including:
flowerpots, plinths and steps;
castle and rust stones;
pylons, parapets, platbands and cornices;
balusters and railings;
plinth and covering plates;
profile products;
window sills and countertops;
columns.
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1.3. Volume and development of the market in 2015-2018 (2018 - estimate)
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The main trends in the development of the Indian market of granite, marble and natural stone include:
Market stabilization after the 2014 crisis;
Increase in demand for domestic stone, incl. from the public sector;
Growth in demand from the private sector;
Continued strengthening of competition from manufacturers of artificial stone (ceramic granite slabs, concrete paving slabs).
In the coming years, the growth of the domestic market of granite, marble and natural stone, while maintaining the current structure of domestic consumption, is possible due to the implementation of the export opportunities of Indian companies and major government programs (for example, the construction of new metro stations in the city).
1.4. The largest deposits of granite
There are 134 granite deposits in India. The most developed at present are deposits in the European part of India and the Urals, which is due to the availability of communication lines and proximity to the main consumers of raw materials.
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1.5. The largest deposits of marble
According to the NedraExpert portal, there are ... marble deposits in India, of which only ...
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1.6. Market development forecast for 2019-2022
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Part 2. Indian natural stone market
2.1. Indian stone mining and stone processing industry. Main characteristics of the industry
The total reserves of natural stone in India exceed ..
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At the same time, the domestic stone mining and processing industry has great potential and achievements in development and modernization in recent years:
virtually unlimited mineral resources with a total volume of 300 billion cubic meters. m., i.e. with potential reserves at the current level of production for a period of more than 300 years;
great historical experience in the extraction, processing and use of natural stone not only in architecture and construction, but also in memorial and arts and crafts, as well as in everyday life;
the formation of a domestic scientific school of stone mining and processing technology, the organization of stone processing industries, as well as the training of qualified specialists for industry enterprises;
initial steps towards establishing an independent stone processing industry through the consolidation of enterprises and organizations through the creation of holding companies, regional associations and the development of elements of their own infrastructure.
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Diagram 13. Indices of production of products of the stone mining and stone processing industry in 2015-2018,%
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The value of granite for modern construction, architecture and design cannot be overestimated. This stone has an excellent set of physical and technical characteristics. It is very durable, beautiful, resistant to humidity, temperature changes and is perfectly processed. The most popular made from it:
facade granite;
facing tiles;
paving stones and curbs;
countertops, steps, bar counters, etc.
Marble.
..
Marble, like granite, is a popular building material. It is in particular demand among sculptors, designers and architects. Currently, stone is almost never used in open spaces, but in interiors - floors, cladding, countertops, statues and other highly artistic products - this material is ubiquitous in the most prestigious buildings.
Limestone.
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Yielding to granite in hardness, moisture resistance and durability, limestone is much easier to extract and does not require high processing costs. It was the availability in use and the cheapness of this breed that at one time made it the most popular building material.
Sandstone.
...
Both in terms of performance and ease of extraction, processing and installation, sandstone is closest to limestone. However, while possessing even less strength, sandstone is very beautiful - a special, only inherent appeal. As a result, this breed is one of the most beloved among landscape designers, which is often found in decorative finishes for various purposes.
Gabbro
...
This rock, often referred to as “black gabbro granite”, surpasses even classical granite in a number of indicators. It is more wear-resistant, and therefore gabbro paving slabs are laid in places with the most active passenger traffic (metro, railway stations, airports, steps of underground passages). Gabbro-diabase tiles are in demand for facing building facades, making tombstones and other ritual products.
2.2. Regional structure of natural stone production by union territories
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Diagram 16. Structure of marble production in India by union territories, 2018, %
2.3. Regional structure of production of natural stone products by union territories
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Part 3. Analysis of marble imports (2018)
3.1. Volume of imports by types of products (in physical and value terms)
3.1.1. Blocks
...
3.1.2. Slabs
...
3.1.3. Facing tiles
...
3.2. Structure of imports by importing countries (in physical and value terms)
...
Diagram 20. Structure of marble imports in India by importing countries (in physical and value terms) in 2018, %
Part 4. Granite import analysis (2018)
4.1. Volume of imports by types of products (in physical and value terms)
4.1.1. Blocks
...
4.1.2. Slabs
...
4.1.3. Facing tiles
...
4.2. Structure of imports by importing countries (in physical and value terms)
India's largest granite importing country in both value and volume terms…
Part 5. The volume of imports of natural stone (in physical and value terms), 2018
...
Part 6. Market Participants
6.1. Stone processing enterprises
6.1.1. The largest players in the TOP-5 market
The Indian stone industry is represented by more than ... companies, most of which are small business states.
The largest enterprise for the extraction and processing of granite is a group of design and construction companies …
6.1.2. Range of major players
The product range of the largest stone processing enterprises in India is represented by …
6.1.3. Average prices for TOP-5 products
Average prices for products sold by the TOP 5 largest stone processing enterprises in India …
6.2. Importers of natural stone, marble, granite
6.2.1. The largest players in the TOP-5 market (if any)
Deliveries of imported products to the Indian market are handled by …
...
6.2.2. Assortment of the largest TOP-5 players (if available)
...
6.2.3. Average product prices
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6.3. Distributors of equipment for the processing of natural stone, marble and granite
Most Indian companies engaged in the extraction and processing of natural stone, marble and granite use modern equipment imported from ... and other developed countries.
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Part 7. The role of Italy in the natural stone market in India (based on the analysis of marble and granite imports from Italy)
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Table 19. Share of Italian granite and marble in the Indian market in 2018
Part 8. Consumption forecast until 2022
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Part 9. Conclusions
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Diagrams
Diagram 1. The ratio of domestic and imported products in the Indian market of marble, granite and natural stone, 2015-2018, %
Diagram 2. Dynamics of production volume of marble, granite and other natural stone in India, 2015-2018, million tons
Diagram 3. The ratio of consumer groups in the marble, granite and other natural stone market in India, 2018, %
Diagram 4. Structure of Indian production by types of stone, 2018, %
Diagram 5. Dynamics of India's GDP, 2015-2018, in % to the previous year
Diagram 6. Dynamics of real incomes of the population of India, 2015-2018, in % to the previous period
Diagram 7. The volume of work performed by the type of economic activity ""Construction"" in India, 2015-2018, billion Rs.
Diagram 8. Number of open stations, 2015-2018, units
Diagram 9. Population dynamics in India, 2015-2018, million people
Diagram 10. Dynamics of the volume of the Indian market of granite, marble and natural stone, 2015-2018, million tons
Diagram 11. Dynamics of the volume of the Indian market of granite, marble and natural stone, 2015-2018, billion Rs.
Diagram 12. Market development forecast for granite, marble and natural stone in India, 2019-2022, billion Rs.
13 Chart. Indices of production of products of the stone mining and stone processing industry in 2015-2018, %
Diagram 14. Structure of mining of marble, granite and other natural stone in India by union territories, 2018, %
Diagram 15. Structure of granite mining in India by union territories, 2018, %
Diagram 16. Structure of marble production in India by union territories, 2018, %
Diagram 17. Structure of production of products from marble, granite and other natural stone in India by union territories, 2018, %
Diagram 18. Structure of production of products from granite and other natural stone in India by union territories, 2018, %
Diagram 19. Structure of marble products production in India by Union Territories, 2018%
Diagram 20. Structure of marble imports in India by importing countries (in physical and value terms) in 2018, %
Diagram 21. Structure of granite imports in India by importing countries (in physical and value terms) in 2018, %
Diagram 22. Share of TOP-5 largest stone processing enterprises in India in 2018, %
Diagram 23. Share of TOP-5, TOP-10 and TOP-20 importers of stone, marble and granite in the total market volume and import deliveries in India, 2018, %
24 Chart. Comparison of the average cost of granite and marble by country of origin, 2018, Rs./ton
Diagram 25. Forecast of consumption of granite, marble and natural stone in India in 2019-2022, million tons
Tables
Table 1. Main characteristics of the Indian market of marble, granite and natural stone, 2015-2018, million tons
Table 2. STEP Analysis of Factors Affecting Marble, Granite and Natural Stone Market in India
Table 3. The largest deposits of granite in India
Table 4. The largest deposits of marble in India
Table 5. Volume and average price of imported marble blocks in India in 2018
Table 6. Volume and average price of marble slab imports in India in 2018
Table 7. Volume and average price of marble tiles imports in India in 2018
Table 8. Volume and average price of imports of granite blocks in India in 2018
Table 9. Volume and average price of imports of granite slabs in India in 2018
Table 10. Volume and Average Import Price of Granite Cladding Tiles in India in 2018
Table 11. Volume and average import price of other natural stone in India in 2018
Table 12. TOP 5 largest stone processing enterprises in India
Table 13. Product range of granite and marble major players
Table 14. Average prices for the products of the TOP 5 largest stone processing enterprises in India
Table 15. TOP-5 companies importing natural stone, granite and marble in 2018
Table 16. The range of products supplied by the largest importers
Table 17. Average prices for products supplied by the TOP-5 largest importers to India
Table 18. List of distributors of equipment for processing natural stone, marble and granite
Table 19. Share of Italian granite and marble in the Indian market in 2018
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