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US NAICS 21231 | Industry Report

Stone Mining in the US Industry Data and Analysis

SB
Shahool Al Bari
Analyst New York, United States January 2026

Stone miners are highly susceptible to infrastructure investment and general changes in construction activity. Relevant infrastructure investment has swelled in recent years, bolstering stone miners' growth throughout most of the period. The Fixing America's Surface Transportation (FAST) provided funding for highways from 2016 to 2021. A booming residential construction market in 2020 and 2021 bolstered revenue as contractors and homeowners took advantage of low interest rates to fund projects. Even so, as interest rates spiked amid inflation, this market took a nosedive. Fortunately, the Infrastructure Investment Jobs Act (IIJA) provided a massive boost towards infrastructure construction which accounts for over two-thirds of revenue. This prevented stone miners from seeing any dips despite economic uncertainty. Overall, revenue inched upward at a CAGR of 4.4% to $28.5 billion through 2025, including a 4.0% uptick in 2025 alone as more contractors needed stone for infrastructure projects.

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What's included in this industry analysis

IBISWorld's research coverage on the Stone Mining industry in the United States includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released January 2026.

About this industry

What's this industry report about?

The Stone Mining industry in the United States operates under the NAICS industry code 21231. Operators in the Stone Mining industry develop mine sites; mine and quarry dimension stone (i.e. rough blocks or slabs of stone); mine and quarry crushed and broken stone, such as granite and limestone; or beneficiate stone by crushing, grinding, washing, screening, pulverizing and sizing. Related terms covered in the Stone Mining industry in the United States include dimension stone, aggregate, quarry, crushed stone and safetea-lu.

What's included in this industry?

Products and services covered in Stone Mining industry in the United States include Crushed limestone and dolomite, Crushed granite and Crushed trap rock.

What companies are included in this industry?

Companies covered in the Stone Mining industry in the United States include Vulcan Materials Company, Martin Marietta Materials, Inc. and Lafargeholcim.

Performance

What's included in the Performance chapter?

The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Stone Mining industry in the United States.

Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.

Products & Markets

What's included in the Products and Markets chapter?

The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Stone Mining industry in the United States.

Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.

Geographic Breakdown

What's included in the Geographic Breakdown chapter?

The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Stone Mining industry in the United States.

Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.

Competitive Forces

What's included in the Competitive Forces chapter?

The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Stone Mining industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.

Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.

Companies

What's included in the Companies chapter?

The Companies chapter covers Key Takeaways, Market Share and Companies in the Stone Mining industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.

Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.

External Environment

What's included in the External Environment chapter?

The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Stone Mining industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.

Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.

Financial Benchmarks

What's included in the Financial Benchmarks chapter?

The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Stone Mining industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.

Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.

Industry Data

What's included in the Industry Data chapter?

The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Stone Mining industry in the United States.

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Frequently Asked Questions

What is the market size of the Stone Mining industry in the United States in 2026?

The market size of the Stone Mining industry in the United States is $29.3bn in 2026.

How many businesses are there in the Stone Mining industry in the United States in 2026?

There are 1,213 businesses in the Stone Mining industry in the United States, which has grown at a CAGR of 2.2 % between 2021 and 2026.

How may import tariffs affect the Stone Mining industry in the United States?

The Stone Mining industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.

How may export tariffs affect the Stone Mining industry in the United States?

The Stone Mining industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.

Has the Stone Mining industry in the United States grown or declined over the past 5 years?

The market size of the Stone Mining industry in the United States has been growing at a CAGR of 4.1 % between 2021 and 2026.

What is the forecast growth of the Stone Mining industry in the United States over the next 5 years?

Over the next five years, the Stone Mining industry in the United States is expected to grow.

What are the biggest companies in the Stone Mining industry in the United States?

The biggest companies operating in the Stone Mining industry in the United States are Vulcan Materials Company, Martin Marietta Materials, Inc. and Lafargeholcim

What does the Stone Mining industry in the United States include?

Developing the mine site and mining or quarrying crushed and broken limestone and Developing the mine site and mining or quarrying crushed and broken granite are part of the Stone Mining industry in the United States.

Which companies have the highest market share in the Stone Mining industry in the United States?

The company holding the most market share in the Stone Mining industry in the United States is Vulcan Materials Company.

How competitive is the Stone Mining industry in the United States?

The level of competition is high and increasing in the Stone Mining industry in the United States.

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