The global Moissanite Market is expected to register a steady revenue CAGR over the forecast period. The moissanite market revenue growth is primarily driven by factors such as increasing popularity of affordable clear and durable gemstone for engagement/wedding rings and other jewelry ornaments.
Moissanite is a found naturally and laboratory-grown mineral composed of silicon carbide. It is incredibly rare in nature and has only been discovered in upper layers of meteorites. Originally mistaken for a real diamond, it was discovered to be a separate stone. Each moissanite is rigorously graded for quality after being developed in a controlled setting for months. This meticulous attention to detail ensures that the stone obtained would be of high quality that will retain its radiance and brilliance. These stones are exceptionally brilliant and long-lasting and are a useful alternative to natural and lab diamonds due to its visual impact and durability. as opposed to man-made or synthetic diamonds, is formed from silicon carbide rather than carbon. Furthermore, in terms of brilliance, fire, and hardness, this stone is comparable to diamonds, rubies, emeralds, and sapphires.
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Competitive Landscape:
The report offers details about financial standing, global positional, license agreement, business expansion plans and product portfolios of each player operating in the market. The global Moissanite market is extremely competitive and comprise various key players operating at global and regional levels. These players are adopting various strategies such as mergers and acquisitions, collaborations, joint ventures, partnerships, RD investments and new product launches to gain robust footing in the market and expand their product portfolio.
Key Companies in the market include: Charles Colvard, Ltd. (U.S.), Moissanite International (Australia), Amora Gem S.R.L. (U.S.), HRB Exports (India), Viktor Kämmerling Pvt. Ltd. (Germany), Stars Gem Inc. (U.S.), Wuzhou Changsheng Gems Co., Ltd. (China), Gems Unimoss Inc. (U.S.), Cree Inc. (U.S.), Transgems Inc. (U.S.)
Report Overview:
The materials and chemicals industry revenue has rapidly expanded over the recent past. The global Moissanite market is expected to register robust revenue growth during the forecast period, 2021-2028. Revenue growth of the global market is significantly driven by factors such as high demand for raw materials and chemicals across various sectors including food and beverages, paper pulp, chemicals and medical, biotechnology and pharmaceutical and rapid urbanization and industrial developments worldwide. In addition, increasing per capita income, rising investments by public and private organizations and rising demand for eco-friendly and sustainable products due to rising awareness about carbon emissions are expected to boost global market growth during the forecast period.
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Market Segmentation:
Type Outlook (Revenue, USD Billion; 2019-2030)
- Round Brilliant
- Cushion
- Square Brilliant
- Heart
- Other
Application/End-use Outlook (Revenue, USD Billion; 2019-2030)
- Rings
- Earrings
- Pendants
- Others
Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Key questions covered in the global Moissanite market report:
- What is the expected market size of the global Moissanite market during the forecast period?
- What factors are expected to hamper global Moissanite market growth over the forecast period?
- What key factors are expected to drive global revenue growth between 2021 and 2028?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Moissanite market?
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