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Report Overview

The global onyx stone market is likely to be driven by the growing gemstone market, which will grow at a CAGR of 5.00% in the forecast period of 2025-2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

Compound Annual Growth Rate

Value in

5%

2025-2034


Onyx Stone Market Outlook

*this image is indicative*

Global Onyx Stone Market Report Summary Description Value
Base Year USD Million 2024
Historical Period USD Million 2018-2024
Forecast Period USD Million 2025-2034
Market Size 2024 USD Million XX
Market Size 2034 USD Million XX
CAGR 2018-2024 Percentage XX%
CAGR 2025-2034 Percentage 5.0%
CAGR 2025-2034 - Market by Region Asia Pacific 6.1%
CAGR 2025-2034 - Market by Country India 6.8%
CAGR 2025-2034 - Market by Country China 5.8%
CAGR 2025-2034 - Market by Structure Calcite 5.6%
CAGR 2025-2034 - Market by Application Interior Decoration 5.9%
Market Share by Country 2024 Australia 3.2%

The Asia Pacific Leading the Onyx Stone Industry

In the forecast era, Asia Pacific is expected to lead the global market by consumption, with China and India expected to lead the market for onyx stone. This can be due to the widespread use and rising trend in the region to forsake old artificial jewellery at an economical price. The growth of the market in the region can also be attributed to the booming construction industry in Asian countries.

Global Onyx Stone Market By Application

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North America and Europe are also expected to make a significant contribution to the onyx stone industry due to the growth of the tourism industry and the growing demand for tourist occupation facilities, including hotels and serviced apartments.

Onyx Stone: Market Segmentation

An onyx stone is a silica mineral of a parallel banded type. Agate stone and onyx stone both have banded shapes, with the main difference being that although agate has curved bands, there are parallel bands in onyx stone. In each stone, the colours kept by these bands differ and can range from white to almost any other colour. Onyx stone usually includes black or white bands of colour.

Based on colour, the market can be divided into the following:

  • Black
  • Red
  • White
  • Others

Based on the structure, the industry can be categorised as follows:

  • Calcite
  • Quartz
  • Aragonite
  • Others

It finds wide applications in the following sectors:

  • Interior Decoration
  • Stone Sculpture/Souvenirs
  • Artificial Jewellery
  • Others

The regional markets for onyx stone can be divided into

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
CAGR 2025-2034 - Market by Structure
Calcite 5.6%
Quartz 5.3%
Aragonite XX%
Others XX%
CAGR 2025-2034 - Market by Application
Interior Decoration 5.9%
Artificial Jewelry 5.4%
Stone Sculpture/Souvenirs XX%
Others XX%
CAGR 2025-2034 - Market by Region
Asia Pacific 6.1%
North America 5.6%
Europe XX%
Latin America XX%
Middle East and Africa XX%
CAGR 2025-2034 - Market by Country
India 6.8%
China 5.8%
USA 5.5%
Brazil 5.4%
Germany 5.1%
Canada XX%
UK XX%
France XX%
Italy XX%
Japan XX%
Australia XX%
Saudi Arabia XX%
Mexico 4.9%

Global Onyx Stone Market By Region

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Jewellery Industry Bolstering the Market Growth

The growing importance of artificial jewellery is one of the main factors driving the growth of the onyx stone industry. The growing prices of gold and other gemstones, including diamonds, are fuelling market interest in artificially manufactured jewellery. Apart from the lower cost, these jewels also have an aesthetic appeal. Furthermore, the resale value of onyx stone jewellery is also high and does not change with consumer sentiments. The booming construction industry, which is one of the main drivers of the interior decoration market, is also propelling the growth of the onyx stone industry. Traditionally, increased expenditure on interior renovation of residential properties has also spilled over to commercial properties, including offices and hotels, which are also expected to contribute to the growth of the onyx stone industry.

2024 Market Share by Country
Australia 3.2%
USA XX%
Canada XX%
UK XX%

Key Industry Players in the Global Onyx Stone Market

The report gives a detailed analysis of the following key players in the global onyx stone market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • UK Natural Stone Group
  • Xiamen Yeyang Stone Group
  • Aravali Group
  • Michigan Stones Pvt Ltd
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Onyx Stone Market Report Snapshots

Onyx Stone Market Size

Onyx Stone Market Growth

Onyx Stone Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The global onyx stone market market is projected to grow at a CAGR of nearly 5.00% in the forecast period of 2025-2034.

The growth of the market is driven by factors like growing population, rising disposable incomes, rising demand from jewellery and construction industry, and interior decoration industry.

Rising application of the product in stone paintings and sculptures is an important industry trend.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with Asia Pacific accounting for the largest market share.

The colours of onyx stone can be divided into black, red, and white, among others.

Based on structure, the industry can be divided into calcite, quartz, and aragonite, among others.

The application sectors can be divided into interior decoration, stone sculpture/souvenirs, and artificial jewellery, among others.

The leading players in the market are UK Natural Stone Group, Xiamen Yeyang Stone Group, Aravali Group, and Michigan Stones Pvt Ltd, among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Colour
  • Structure
  • Application
  • Region
Breakup by Colour
  • Black
  • Red
  • White
  • Others
Breakup by Structure
  • Calcite
  • Quartz
  • Aragonite
  • Others
Breakup by Application
  • Interior Decoration
  • Stone Sculpture/Souvenirs
  • Artificial Jewelry
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • UK Natural Stone Group
  • Xiamen Yeyang Stone Group
  • Aravali Group
  • Michigan Stones Pvt Ltd
  • Others
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