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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Onyx Stone Market Size
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 2024-2032.
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 Report Snapshots
*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% in the forecast period of 2024-2032.
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.
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