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Onyx Stone Market Segmented By Black, White and Red color in Calcite, Quartz and Aragonite structure
An onyx stone is a parallel banded variety of silica mineral. It is worthwhile noting that agate stone and is also banded forms with the only difference being that while agate possesses curved bands and it has parallel bands. The colors possessed by these bands vary in each stone and can range from white to almost any other color.
Onyx stone normally contain either black or white colored bands. This is a general name given to other forms of banded stone such as alabaster, marble, obsidian, and opal. This with controlled banding are referred to as Cave Onyx and Mexican Onyx. It is formed with bands of chalcedony displaying alternating colors.
Onyx stone is cryptocrystalline and consists of intergrowths of silica based minerals such as quartz and moganite. Sardonyx is another type of it wherein, the band coloration is in shades of red as opposed to black which is more commonly found in it. The most famous variety of it is black onyx, but, it is not commonly found in comparison to it with colored bands.
However, artificial treatments are carried out on onyx stones in order to give the black coloration to black onyx and the red and yellow coloration in sardonyx. Banded calcite stones found in countries such as India and Mexico are also referred to as onyx stones. These stones are much softer than original and the majority of carved calcite stone sold in the markets is currently referred to as onyx stone.
The production of artificial onyx stone is carried out using common chalcedony and plain agates. The varied coloration which is commonly found in it is produced by soaking or boiling the chalcedony in sugar solutions and subjecting the chalcedony to sulfuric or hydrochloric acid which will consequently carbonize the soaked sugar on the surface of the stone.
Apart from the aforementioned method of producing onyx stone dyeing methods are also deployed to give the characteristic black band coloration to chalcedony in order to produce artificial one. In addition, nitric acid is also used in conjunction with the dyeing treatment to get rid of undesirable colors in the artificially created one.
Onyx stone, being a form of gemstone finds widespread application in the artificial jewelry industry. It is also used in stone paintings, interior decoration, top tables, and sculptures. Onyx stone is also used for making cutlery and ash trays. In addition, these are also used as healing stone.
The increasing importance being given to artificial jewelry is one of the key factor which is fueling the growth of the onyx stone market. The rising prices of gold and other gemstones such as diamonds is kindling consumer interest in artificially produced jewelry. Apart from the lower cost these jewelry also possess aesthetic appeal.
Further, the resale value of this is based jewelry is also high and does not change with market sentiments. Other factors which are also contributing to the growth of this market is the booming construction industry which is one of the key drivers of the interior decoration market.
Traditionally, the increased spending on interior refurbishment of residential properties has also spilled over to commercial properties such as offices and hotels which in turn is also expected to help in the growth of the market.
However, there are also few challenges, which are adversely impacting the growth of the market such as counterfeit/artificially produced stones are based products and the availability of cheaper and easily available substitutes such as marble with the same aesthetics provided by it thus affecting the potential earnings and value creation between the market participants.
The cheaper variety of onyx stone is easily produced by using banded calcite which is extensively found in Asia and Latin America.
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On the regional front, Asia Pacific is expected to dominate the market during the forecast period by consumption wherein, China and India are expected to lead the market for onyx stone. The can be attributed to the profound use and increasing trend prevalent in the region to forsake old for artificial jewelry at economical price.
North America and Europe are also expected to contribute towards this market at a decent rate owing to the growth of the tourism industry and the increasing demand for tourist occupation facilities such as hotels and serviced apartments.
Some of the key market participants in the global market are:
The Onyx Stone market research report presents a comprehensive assessment of this market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies.
This market research report provides analysis and information according to market segments such as geographies, end use operation and application.
The Onyx Stone market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of the market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
This market report also maps the qualitative impact of various market factors on market segments and geographies.