Slate Market Business Development and Opportunities till 2030

Market Synopsis: Global Slate Market

Slate is a type of metamorphic rock formed by metamorphism of sedimentary rock that consist of volcanic ashes and clay as key components of this highly useful stone for construction purposes. Slate is primarily used for flooring, roofing, and flagging in the building & construction industry due to its high durability and attractive appearance. It is also used for interior flooring, exterior paving, dimension stone, and decorative aggregate. Slate absorbs minimal moisture, and stands up well in contact with freezing water. Therefore, it is used widely in the building & construction industry. The uncertain situation due to the coronavirus may affect the trend of the global all-terrain crane market in the next few years. The global Slate market is expected to register steady growth during the forecast period, 2022-2030.

Impact of Covid-19 pandemic on market

COVID-19 crisis impacted manufacturers involved in various industries and obstructed the entire supply chain, from raw materials to end product delivery. Moreover, government and policymakers are mostly engaged in handling and controlling the medical crisis to meet a healthy and safe environment for the nation’s population. The lack of understanding to manage economic risks and the business sector is expected to put the economic and industrial growth towards vulnerability. The report will include the impact of COVID-19 on the target market in detail.

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Market Dynamics: Global Slate Market

The rising population and the necessity of new infrastructures to address consumer demand are likely to drive the growth of the global slate market over the forecast period. The demand for slate as it providing high reliability in terms of performance and attractive design at the same time is fuelled by the increasing attraction towards high-rise buildings and infrastructural development.

The high cost of slate material is expected to hinder the growth of the global slate market. Also, installation cost of slate is higher than that of other roofing material. These are some of the factors which might hinder the growth of the global slate market during the forecast period.

The market player has an opportunity to offer custom slate building product and gain competitive advantage over competitors by providing design services and supply products as per architectural drawings.

Market Segmentation: Global Slate Market

The global slate market is segmented based on use, application, and regions. The global slate market is segmented based on the use as roofing, structural, tiling, and landscaping. The slate is primarily used in building and construction due to its high durability and attractive appearance. The roofing segment is of use is dominant and estimated to grow with highest CAGR during the forecast period.

Based on the application, the global slate market is segmented into commercial, residential, educational institutions, offices, and other application. Among the segmented applications, the commercial application segment is estimated to hold the largest market share of global slate market. Rising the corporate office building is propel the demand for the slate from commercial sector across the world and expected to raise the market value in the coming years.

Regional Overview: Global Slate Market

In the region, the global Slate market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe dominated the slate minerals market across the globe, followed by North America and Asia Pacific. Spain is a key producer and exporter of slate mineral in Europe. About 90% of slate used in roofing applications in Europe originates from the slate industry in Spain. Growing economic and significant investments in the building & Commercial industry in Asia Pacific are anticipated to boost the slate minerals market in the region. India and China are the major producers of slate in this region. Middle East & Africa and Latin America held low share of the slate minerals market. The market in these regions is anticipated to expand at a steady pace during the forecast period.

Competitive Landscape: Global Slate Market

The key players operating in the global Slate market include ASV Holdings Inc., Bobcat Company, Case CE, Caterpillar Inc., CNH Agriculture N.V., Deere & Co, Doosan Corporation, Hitachi Ltd., Hyundai Heavy Industries Co, J C Bamford Excavators Ltd., Kato Works Co., Ltd, Komatsu Ltd, Liebherr Group, LiuGong Machinery Co. Ltd., Lonking Holdings Limited, Takeuchi Commercial Machinery, Terex Corporation, Wacker Neuson SE and other players.

Investment in new product categories with a differentiated pricing strategy enables the manufactures to lure new customers and gain prominent market share in the various product category. Moreover, the industrial giants are building a strong distribution network to penetrate the potential market.

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Detailed Segmentation: Global Slate Market

Attribute Details
The base year for estimation 2021
Forecast period 2022-2030
Market representation Revenue in USD Million & CAGR from 2022-2030
Market Segmentation By Use – Roofing, Structural, Tiling and Landscaping 

By Application – Commercial, Residential, Educational Institutions, Offices, and Other Application

Regional Scope North America – U.S., Canada 

Europe – Germany, UK, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific – Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America – Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa – South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage Revenue forecast, company share, competitive landscape, growth factors, and trends


Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2021 to 2028.  For the purpose of this study, analyst has segmented the global slate market report based on the use, application, and region.

Global Slate Market, By Use:

  • Roofing
  • Structural
  • Tiling
  •  Landscaping

Global Slate Market, By Application:

  • Commercial
  • Residential
  • Educational Institutions
  • Offices
  • Other Applications

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Global Slate Market, By Region:

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Company Profile:

  • IAC Minerals Private Limited*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
  • Galaxy Impex
  • Galbanox
  • Westone Natural Stone Slate Co. Ltd.
  • Virginia Slate Company
  • Vermont Structural Slate Company, Inc.
  • Evergreen Slate Company Inc.
  • Sheldon Slate Products Company Inc.
  • Tegral Building Products Ltd
  • New England Slate
  • Snowdonia Natural Slate Products
  • Burlington Stone
  • Slate of China Stone Company
  • Acme Slate Ltd.
  • Lepelle-Nkumpi