Solid foundation: Increased spending on the construction of roads and other infrastructure will support growth

The Stone Mining industry is firmly cemented in the US economy, producing materials for a wide range of construction industries. This has remained consistent over the five years to 2018, and IBISWorld expects that the industry's continued importance as a primary supplier of stone products will benefit operators. The construction of infrastructure, housing and commercial buildings has boomed during the five-year period, boosting demand for industry products. Over the five years to 2023, industry revenue is forecast to climb. This growth is expected to come from continued demand for commercial and residential construction, as well as from large increases in infrastructure spending for road, street and highway construction...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • Industry revenue is anticipated to grow due to the continued recovery in downstream construction markets
  • Residential and commercial construction will demand infrastructure construction projects
  • Government funding in infrastructure will help the industry grow
  • Industry Report - Industry Products Chapter

    Crushed stoneCrushed rock is typically produced at the mine site, where it is crushed, ground, washed, screened, pulverized and sized until it is ready for transport to downstream construction markets, construction material markets (e.g. asphalt and concrete), chemical and metallurgical manufacturers and agricultural markets. According to the US Geological Survey, an estimated 67.8% of the volume of crushed stone production is limestone and dolomite; 12.6% is granite; 5.8% is trap rock (i.e. igneous rocks widely known as black granite); and 10.7% includes sandstone, greenstone, quartzite, marble, calcareous marl, slate, volcanic cinder, scoria and shell.Dimension stoneIn 2018, an estimated 3.1% o...purchase to read more.

    Additional Insights for the Stone Mining Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Stone Mining Industry are

  • Downstream ownership links
  • Ability to accommodate environmental requirements
  • Ability to control total supply on market
  • IBISWorld analysts also discuss how external factors such as Demand from road and highway construction and Value of private nonresidential construction in the Stone Mining industry impact industry performance..

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    What's in this report

    What is the Stone Mining Industry?

    Operators in this 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.

    Industry Products
  • Crushed limestone and dolomite
  • Crushed granite
  • Crushed trap rock
  • Other crushed stone
  • Dimension granite
  • Dimension limestone and dimension sandstone
  • Other dimension stone (e.g. marble and slate)
  • Industry Activities
  • Developing the mine site and mining or quarrying crushed and broken limestone
  • Developing the mine site and mining or quarrying crushed and broken granite
  • Beneficiating (i.e. grinding or pulverizing) granite, limestone and other stone products
  • Mining granite rocks, such as gneiss, syenite and diorite
  • Mining or quarrying bituminous limestone and bituminous sandstone
  • Mining limestone rocks, such as dolomite, cement rock, marl, travertine and calcareous tufa
  • Mining and preparing dimension stone (e.g. rough blocks, flagstones, curbing, and monumental and memorial stones)
  • Mining and quarrying aggregates (e.g. sand, gravel, slag, crushed limestone, dolomite and sandstone)
  • Mining aggregates for chemical and metallurgical use in glass, paper, paint, pharmaceuticals and cosmetics
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from road and highway construction
  • Value of private nonresidential construction
  • Federal funding for transportation
  • Value of residential construction

  • Current Performance
  • Stone demand returns
  • Industry concentration increases
  • Transportation development
  • Chart: Revenue Growth

  • Industry Outlook
  • Building growth
  • Industry consolidation
  • Cost savings lead to profit growth
  • Table: Stone Mining Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Stone Mining Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Home Builders
  • Fence & Swimming Pool Construction
  • Ready-Mix Concrete Manufacturing
  • Lime Manufacturing
  • Cemetery Services
  • Commercial Building Construction
  • Road & Highway Construction
  • Road & Highway Maintenance

  • Key Selling Industries
  • Construction & Mining Equipment Wholesaling
  • Explosives Manufacturing
  • Geophysical Services
  • Heavy Equipment Rental
  • Transportation and Warehousing

  • Products & Services
  • Crushed limestone and dolomite
  • Crushed granite
  • Other crushed stone
  • Crushed trap rock
  • Dimension limestone and dimension sandstone
  • Dimension granite
  • Other dimension stone (e.g. marble and slate)
  • Chart: Stone Mining Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Infrastructure construction
  • Building construction and renovation
  • Product manufacturing (e.g. chemicals and metallurgical)
  • Agriculture
  • Other
  • Chart: Major Market Segmentation for the Stone Mining Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilitiesDepreciationOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Stone Mining

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Stone Mining Industry

  • Industry Globalization
    Vulcan Materials Company, Martin Marietta Materials Inc., LafargeHolcim Ltd,
  • Table: Vulcan Materials Company - financial performance
  • Table: Martin Marietta Materials Inc. - financial performance
  • Table: LafargeHolcim Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Stone Mining Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Stone Mining Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Value of construction (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
  • Any of several hard materials, such as crushed rock, sand, gravel, stone, slag, cinders or other inactive materials.
  • Crushed Stone
  • A form of construction aggregate, typically produced by mining a suitable rock deposit and breaking the removed rock down to the desired size using crushers.
  • Dimension Stone
  • A natural stone that is mined or processed for applications based on its size, shape, color, texture, grains and strength. It is usually cut or ground to a specific shape or profile.
  • Quarry
  • A type of open-pit mine from which rock and minerals are extracted.
  • Safetea-Lu
  • Safe, Accountable, Flexible, Efficient Transportation Equity Act - A Legacy for Users; A 2005 funding and authorization bill that governs United States federal surface transportation spending.
  • What Our Customers Say

    Why buy this report?

    The Stone Mining Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Stone Mining:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Stone Mining market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Stone Mining, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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