Paving Stone Market by Paving Material (Concrete Pavers, Natural Stone Pavers, and Clay Brick Pavers), Natural Stone Pavers (Granite, Marble, Limestone, Slate, Sandstone, and Others), Application (Driveway, Walkway, Patio, Pool Decks, Garden, and Others), End-Use (Residential Construction and Commercial Construction), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022-2031

Construction Materials

CM23028645

Pages: 280

Feb 2023

Reports Overview

Global Paving Stone Market Analysis

The Global Paving Stone Market Size was $ 40,289.30 million in 2021 and is predicted to grow with a CAGR of 7.9%, by generating a revenue of $ 86,730.90 million by 2031.

Global Paving Stone Market Synopsis

Natural stones are utilized to build drivable and pedestrian walkways outside using stone pavers. Road surfaces, walkways, patios, and courtyards are examples of these components. They can also be utilized to breathe life into outdoor fires, gardens, and swimming pools. All stones have some degree of durability, but none are as durable as natural stones. These are resistant to every wear and tear and therefore a great option for getting a durable pavement that will last for many years. Additionally, they can tolerate many weather variations. The pavements will remain the same in appearance and texture in spite of rain, wind, or hurricane.

Natural stone has the drawback of absorbing moisture much more quickly than concrete or brick. During the winter, moisture within the stones may freeze and cause the pavers to crack. This causes a visible fracture to form on the stone's surface, which can make the patio look less appealing overall.

The expanding building industry in India, particularly in urban areas, is estimated to drive the paving stone market growth. Along with this, more and more house owners wish to enhance the beauty of their properties with lovely paved roads and walkways. In addition, it is anticipated that the demand for paver blocks will rise as a result of the government's emphasis on public-private partnerships (PPPs) for infrastructure development. However, a significant obstacle for the sector continues to be the lack of knowledge regarding the advantages of employing paver blocks.

According to regional analysis, the terms of volume, Asia-Pacific is expected to contribute for more than 70% of the worldwide paving materials market by 2021. Due to the region's rapid population expansion and the presence of some of the world's largest markets, such as China, Indonesia, and India, Asia-Pacific is seeing substantial investments in infrastructure and building and construction sectors. Furthermore, the Asia-Pacific building business is expanding rapidly.

Paving Stone Overview

Paving Stone, also known as the term "pavé," a common stone setting technique, is derived from the French word for paved or cobblestoned. Concrete, natural stone, clay brick, or even porcelain can be used to make pavers. They are typically little fragments of varying sizes. Homeowners can choose from a variety of hues, patterns, and textures. They are long lasting and durable. Pavers adjust to seasonal and climate changes, and are low maintenance.

COVID-19 Impact on the Global Paving Stone Market

The COVID-19 pandemic led to the suspension of manufacturing and transportation. The quarantine or "lockdown" period in the nation had a direct impact on the global market. Due to increased demand and new enquiries, the natural stone market almost ran out of supplies because these two things are its fundamental pillars. The requirement to maintain a minimum 2-meter social distance caused the building and architectural industries to cease operations completely, making it practically difficult for the sector to function normally. International sourcing of natural stones has been severely impacted as a direct result of the closure of the import-export market, including high-quality imported marble from nations like Spain, Italy, Turkey, etc. Export business was negatively impacted, causing a sharp decline in demand from both the domestic and international markets.

The completion of the consignment is impacted by the entire cessation of transport between inter district and interstate levels. Orders that needed to be delivered but had no way of doing so became stranded there. B2B demand has decreased because it is unclear when the project will resume or whether there will still be a need for commercial space given the rise of the work from home culture. Along with personal safety and adhering to social distance standards, safety and hygiene protocols have been a top priority. It has grown to be a challenging task, particularly in the quarries, with workers returning to their homes during the lockdown. It has been challenging to balance staff for the intended incoming work and projects. All these factors had a negative impact on the growth of paving stone market share growth in the pandemic time period.

Paving Stone in Industrial and Commercial Sector to Drive the Market Growth

Paving stone has immense growth across global products. For instance, pavers can yield a return on investment of up to 70% on one’s property. Pavers enhance outdoor areas. A patio with patterns or a pathway leading to the garden will provide visual interest and break up a monotonous lawn area. Pavers are also easier to maintain than wood decks and are more durable than cement slabs, so there is no need to bother about staining and sealing wood every few years or, unlike wood, replacing damaged deck boards. If one paver fractures, it can be replaced rather than having to redo the entire patio as would with a slab, and pavers won't shift or crack like a slab patio. If done correctly, paver patios and driveways can survive well over 50 years. Pavers are simple to maintain and inexpensive to fix. These factors are estimated to drive the paving stone market growth during forecast period.

To know more about global paving stone market drivers, get in touch with our analysts here.

Disadvantages of Paving Stone to Restrain the Market Growth

Due to the interlocking nature of block paving, weeds and moss can grow in the gaps and quickly spread across the entire area if the blocks are not properly positioned next to one another. During paver block installation, airborne seeds in the air drop in the sand and sprout between the paver blocks over time. Sand is washed out of block paving as a result of routine cleaning; as a result, gaps form and vegetation and moss grow between the pavers. When block paving is not cleaned for a lengthy period of time, circular areas emerge on the top surface of the paver, and these places welcome lichen (a simple slow-growing plant.) These factors are expected to restrain the paving stone market share growth.

Growing Uses of Paving Stone to Drive Excellent Opportunities

The demand for clay and concrete for construction projects is growing in the building sector which is one of the most important elements driving the increase of the block paving industry. One of the primary reasons for the block paving expansion is that as the economy improves, an increasing number of people are interested in implementing the cutting-edge construction concepts that have become available. The aggregate demand for concrete and clay construction bricks and paving stones is driving the paving stone market revenue growth.

To know more about global paving stone market opportunities, get in touch with our analysts here.

Global Paving Stone Market, by Paving Material

Based on paving material, the market has been divided into concrete pavers, natural stone pavers, and clay brick pavers. Among these, the concrete pavers sub-segment accounted for the highest market share in 2021 whereas the natural stone pavers sub-segment is estimated to show the fastest growth during the forecast period.