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REPORT ON THE U.S. NATURAL AND MANUFACTURED STONE MARKET TO BE RELEASED - Residential remodeling will lead recovery

June 3, 2010
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Catalina Research and Ceramic Tile and Stone Consultants have performed an in-depth industry investigation on the $6.0 billion U.S. Natural and Manufactured Stone Product Industry. The 2010 U.S. Natural and Manufactured Stone report includes the following excerpt:
  • The market is expected to begin to recover in the second half of 2010, after declining at double-digit rates between 2007 and 2009. The recovery will be led by the upturn in residential remodeling spending. Residential remodeling spending is being stimulated by an estimated 9.6% increase in existing home sales during 2010, and follows a 4.9% gain in 2009. These trends indicate that the recovery in stone products will be led by rising sales of replacement kitchen and bathroom countertops and floor tiles. The builder market is also expected to turn upwards in late 2010, due to the 23.7% increase in residential building permits in the first quarter of this year. However, the estimated 25.0% drop in nonresidential construction spending during 2010 will continue to be a drag on industry demand.
These trends are uncovered in the 200-plus-page investigation of the U.S. natural and manufactured stone market. This valuable industry analysis covers all aspects of the U.S. stone market including mines and quarries, stone processors and fabricators, importers, end-use markets and installers. Sales are broken out for stone countertops, flooring, other building products and monuments. Product sales are also provided by type of stone. Granite continues to represent over half of industry dollar sales, however, demand for sandstone and slate have increased in importance over the recession. Catalina tracks the supply chain by type of stone from the mine and importer to the processor and fabricator to the installer and final customer.

In addition, Ceramic Tile and Stone Consultants surveyed quarries and manufacturers, along with the leading fabricators and the largest importers to develop a snapshot of the products sold and the end-use markets targeted by these competitors. A separate report section provides trends in the relatively profitable manufactured stone market, which includes precast concrete products that look like stone and engineered agglomerated stone products. The section tracks sales of manufactured stone countertops, fabricated structural components, flooring and blocks and bricks. Readers can see how these products penetrated the markets for natural stone.

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