The new report by Expert Market Research titled, ‘Global Onyx Stone Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global onyx stone market, assessing the market based on its segments like color, structure, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
Historical Market Size (2020): xx
Forecast CAGR (2021-2026): 5%
Forecast Market Size (2026): xx
The global Onyx market is being driven by the growing demand for artificial jewelry. The rising prices of gold and other gemstones such as diamonds are igniting consumer interest in artificial jewelry. This jewelry also has aesthetic appeal apart from the lower cost. In addition, the resale value of jewelry based on the onyx stone is also strong and does not shift with market sentiment. In the forecast period, factors such as high disposable incomes, growing emphasis on aesthetics and the growth of the tourism industry are likely to have a positive impact on the growth of the Onyx Stone Market.
Industry Definition and Major Segments
Onyx stone is a silica mineral of a parallel banded type. In each stone, the colors kept by these bands differ and can range from white to almost any other color but usually includes black or white bands of color. Onyx stone is cryptocrystalline and is composed of intergrowths of minerals such as quartz and moganite dependent on silica. Sardonyx is another type of onyx stone where, as opposed to black, the band coloration is in shades of red, which is more commonly found in the onyx stone. The most famous variety of onyx stone is black onyx, but it is not commonly found in comparison to onyx stone with colored bands.
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By colour, the global onyx stone market can be divided into:
Black
Red
White
Others
The structure of the onyx stone in the market include:
Calcite
Quartz
Aragonite
Others
Based on application, the market can be divided into:
Interior Decoration
Stone Sculpture/Souvenirs
Artificial Jewellery
Others
On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
Market Trends
To give black coloration to black onyx, and red and yellow coloration to sardonyx, artificial treatments are carried out on onyx stones using common chalcedony and plain agates. Dyeing technique is also used to give the characteristic black band coloration to chalcedony to produce artificial onyx stone. Moreover, in combination with the dyeing treatment, nitric acid is often used to get rid of undesired colors in the artificially formed onyx stone. So, these artificially formed stones find their application in stone paintings, interior decorations, top tables, sculptures, cutlery, and ashtrays. Manufacturers and designers these days are using cutting-edge technologies such as computer-aided design (CAD) and rapid prototyping (RP) to develop innovative and customized jewelry designs as per the customized customer requests.
Key Market Players
The major players in the market are UK Natural Stone Group, Xiamen Yeyang Stone Group, AVG Stone, Michigan Stones Pvt Ltd, and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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