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Global Onyx Stone Market: By Colour: Black, Red, White, Others; By Structure: Calcite, Quartz, Aragonite, Others; By Application: Interior Decoration, Stone Sculpture/Souvenirs, Artificial Jewelry, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Onyx Stone Market Outlook
The global onyx stone market is likely to be driven by the growing gemstone market, which will grow at a CAGR of 5% in the forecast period of 2023-2028.
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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. 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.
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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, the Asia Pacific, Latin America, and the Middle East and Africa.
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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.
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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| 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 |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Onyx Stone Market Analysis
8.1 Key Industry Highlights
8.2 Global Onyx Stone Historical Market (2018-2022)
8.3 Global Onyx Stone Market Forecast (2023-2028)
8.4 Global Onyx Stone Market by Colour
8.4.1 Black
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Red
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 White
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Onyx Stone Market by Structure
8.5.1 Calcite
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Quartz
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Aragonite
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Onyx Stone Market by Application
8.6.1 Interior Decoration
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Stone Sculpture/Souvenirs
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Artificial Jewelry
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Onyx Stone Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Onyx Stone Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Onyx Stone Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Onyx Stone Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Onyx Stone Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Onyx Stone Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 UK Natural Stone Group
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Xiamen Yeyang Stone Group
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Aravali Group
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Michigan Stones Pvt Ltd
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Others
18 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Onyx Stone Market: Key Industry Highlights, 2015 and 2025
2. Global Onyx Stone Historical Market: Breakup by Color (USD Million), 2018-2022
3. Global Onyx Stone Market Forecast: Breakup by Color (USD Million), 2023-2028
4. Global Onyx Stone Historical Market: Breakup by Structure (USD Million), 2018-2022
5. Global Onyx Stone Market Forecast: Breakup by Structure (USD Million), 2023-2028
6. Global Onyx Stone Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Onyx Stone Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Onyx Stone Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Onyx Stone Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Onyx Stone Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Onyx Stone Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Onyx Stone Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Onyx Stone Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Onyx Stone Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Onyx Stone Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Onyx Stone Historical Market: Breakup by Country (USD Million), 2018-2022.
17. Latin America Onyx Stone Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Onyx Stone Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Onyx Stone Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Onyx Stone Market Structure
Key Questions Answered in the Report
The global onyx stone market market is projected to grow at a CAGR of nearly 5% in the forecast period of 2023-2028.
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.
Analyst Review
The global onyx stone market is being driven by the growth in the jewellery and construction industry. Aided by the rising interior decoration industry, the industry is expected to witness a healthy growth in the forecast period of 2023-2028, growing at a CAGR of 5%.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its colours, the global market for onyx stone can be segmented into black, red, and white, among others. By structure, the industry can be divided into calcite, quartz, and aragonite, among others. On the basis of application, the global industry can be segmented into interior decoration, stone sculpture/souvenirs, and artificial jewellery, among others. The major regional markets for onyx stone are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Asia Pacific accounting for the largest share of the market. The key players in the above industry include UK Natural Stone Group, Xiamen Yeyang Stone Group, Aravali Group, and Michigan Stones Pvt Ltd, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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