South Korea Granite Market Size, Share, and COVID-19 Impact Analysis, By Product (Granite Slabs and Granite Tiles), By Application (Countertops, Flooring & Wall Cladding, Monuments & Memorials, and Infrastructure & Construction), and South Korea Granite Market Industry Trend, Forecasts to 2035

South Korea Granite Market Insights Forecasts to 2035

• The South Korea Granite Market Size Was Estimated at USD 54.76 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 5.58% from 2025 to 2035
• The South Korea Granite Market Size is Expected to Reach USD 99.5 Million by 2035

According to a Research Report published by Spherical Insights & Consulting, the South Korea Granite Market Size is Anticipated to Reach USD 99.5 Million by 2035, Growing at a CAGR of 5.58% from 2025 to 2035. Over the course of the forecast period, the market is anticipated to rise due to rising investments in infrastructure development and the expansion of the construction industry.

Market Overview

The South Korea granite market refers to the industry involved in the extraction, processing, and distribution of granite for construction, infrastructure, and decorative purposes. Granite is valued for its durability, aesthetics, and resistance to weathering, making it ideal for flooring, monuments, and architectural projects. South Korea’s strong construction and export sectors. The rising demand for sustainable and premium building materials, increased urban development, and growth in renovation projects. The government supports the industry through initiatives promoting local mining, sustainable resource use, and export incentives under industrial development policies. Enhanced infrastructure and smart city projects further boost demand, positioning the granite market as a key contributor to South Korea’s construction and natural stone industry growth.

Report Coverage

This research report categorizes the market for South Korea granite market based on various segments and regions, forecasts revenue growth, and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea granite market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment South Korea granite market.

Driving Factors

The robust construction and infrastructure development, increasing urbanization, and a growing preference for durable, aesthetic building materials. Rising demand for residential and commercial spaces fuels the need for granite in flooring, facades, and countertops. Government-backed smart city and public infrastructure projects further support market growth. Additionally, export opportunities and technological advancements in stone processing enhance production efficiency, making granite a competitive choice in both domestic and international markets.

Restraining Factors

Environmental concerns related to quarrying and processing practices have led to increased regulatory scrutiny and restrictions in many regions. Stricter environmental regulations can impede market growth by limiting the number of quarries and increasing operational costs for compliance. Additionally, fluctuations in raw material prices and competition from alternative materials such as engineered stones and synthetic options can affect profitability and market share. Supply chain disruptions, labor shortages, and skill gaps further exacerbate these challenges, impacting production efficiency and consistency.

Market Segmentation

The South Korea granite market share is classified into product and application.

• The granite slabs segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea granite market is segmented by product into granite slabs and granite tiles. Among these, the granite slabs segment held a significant share in 2024 and is expected to grow at a substantial CAGR during the forecast period. Their high demand in commercial and residential construction. Their durability, aesthetic appeal, and suitability for countertops, flooring, and wall cladding made them a preferred choice. With rising infrastructure projects and premium interior design trends, the segment is projected to grow at a substantial CAGR. Additionally, advancements in cutting and finishing technologies have enhanced product quality.

• The countertops segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea granite market is segmented by application into countertops, flooring & wall cladding, monuments & memorials, and infrastructure & construction. Among these, the countertops segment dominated a share in 2024 and is expected to grow at a significant CAGR during the forecast period. The growing demand for premium, durable kitchen and bathroom surfaces. Granite's resistance to heat, scratches, and stains makes it ideal for countertops in both residential and commercial spaces. Increasing urbanization, rising disposable incomes, and evolving interior design preferences are further boosting demand.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea granite market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Eunsuk Granite & Marble Co., Ltd.
• Blessstone
• Yoo Chang Industrial Co., Ltd.
• Kyong Buk Trading Corporation
• Shingo Grinding Wheel
• Sawoong Ind Co., Ltd.
• Younil International Corporation
• Dong Il Construction Co., Ltd.
• Bumil Korea Co., Ltd.
• Diatop Sama Co., Ltd.
• Seokye Co., Ltd.
• Jachin M&G
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea granite market based on the below-mentioned segments:

South Korea Granite Market, By Product

• Granite Slabs
• Granite Tiles

South Korea Granite Market, By Application

• Countertops
• Flooring & Wall Cladding
• Monuments & Memorials
• Infrastructure & Construction