Moonstone Market - Forecast(2023 - 2028)

Overview

Moonstone Market is forecast to reach $xx billion by 2025, after growing at a CAGR of xx% during 2020-2025. The rise in consumption of feldspar mineral had transformed the moonstone industry as it is the gemstone of feldspar group. Recently gemstone has seen drastic increase in capital from developing countries which has been used in part to invest in the colored stone market.

Report Coverage

The report: “Moonstone Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Moonstone Market.

Key Takeaways

• Asia-Pacific dominates the moonstone market owing to presence of numerous mines across India, Sri Lanka, Myanmar, Thailand, and others.
• Sri Lanka is the supplier of rare form of moonstone as their quality is more superior to the moonstone found in rest of the Asia Pacific regions. 
• The metaphysical healing properties in moonstone is up surging its consumption in different forms.

Type - Segment Analysis

Translucent moonstone segment held the largest share in the moonstone market in 2018. Moonstone are generally semi-translucent to translucent orthoclase feldspar that exhibits adularescents. Translucent moonstone material has beautiful assorted colors and many of the pieces are transparent when held up to a light. It is perfect for tumbling, polishing, and cabbing, cutting, wire wrapping or keeping in its natural form as a specimen.

Application - Segment Analysis

Jewellery has been the primary market for moonstone for many years. The jewelry industry is well placed for a bright future. In the coming years, revenues are expected to grow by a huge proportion. The market has seen major changes in customer behavior and purchase habits that require companies to be proactive and sensitive to the industry's changing trends and innovations. The value of the jewelry market is expected to increase from about 271 billion U.S. dollars in 2018 to about 645 billion dollars in 2035.

Geography - Segment Analysis

APAC dominated the moonstone market with a share of more than xx%, followed by North America and Europe. China has captured the attention of the global gem and jewelry industry. It is now a rapidly growing consumer market, already a regional center for jewelry manufacturing. Chinese consumers are becoming more familiar with gems and jewelry and more creative in their purchases. The technological advancement in manufacturing are leading to higher quality standards and lower labor costs, allowing China to meet the demands of the international and domestic markets.

Drivers – Moonstone Market

• The metaphysical healing properties in moonstone

Moonstone is sometimes incorporated in healing therapy for the following health concerns such as reduction in stress or anxiety, prevents epileptic seizures, cure digestive issues, and many more. The moonstone is used in other ways as well such as in home’s feng shui application. It can also be carried around as jewelry. Further, increase in astrological benefits of moonstone is expected to deliver substantial growth opportunity to the global market.

Challenges – Moonstone Market

• The weak physical properties can hamper the moonstone market. 

The relatively low hardness of moonstone makes it prone to stress cracking and cleaving which can hampers the market growth. Gemstone hardness significantly leads to the degree to which a gem will show wear. Jewelry settings are another important factor for gemstone wearability. Rings are perhaps the most popular jewelry use for gems.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the moonstone market. In 2019, the market of moonstone has been consolidated by the top five players accounting for xx% of the share. Major players in the Moonstone Market are Asia Mineral Processing Co. Ltd., GP Minerals, Micronized Group, Purin Mineral Group Company, and Incusa Industrias Del Cuarzo, among others.