The Stone Mining industry is firmly cemented in the US economy, producing materials for a wide range of construction industries. The industry's importance has remained steady over the five years to 2017 and IBISWorld expects that the industry's continued importance as a primary supplier of stone products will benefit operators. Over the five years to 2017, industry revenue is anticipated to grow due to the continued recovery in downstream construction markets. Over the five years to 2022, industry revenue is forecast to increase as a slower rate than during the previous period. This growth is expected to come from continued demand for commercial and residential construction as well as large increases in infrastructure spending for road, street and highway construction.
This industry comprises companies that 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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.