APAC accounts of 60% of total stone mining and quarrying market
According to the Business Research Company’s recent report, Asia Pacific is the largest region in the global stone mining and quarrying marketing (comprising 58.5 percent in 2020) largely owing to the increasing demand for natural stones and the growing construction industry in the region. As for the global stone mining and quarrying market, the report projects that it is expected to grow at a compound annual growth rate of 10 percent from 2021, reaching US$10.4 billion by 2023.
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