Agate Market Size was valued at USD 9.8 Billion in 2023. The Agate industry is projected to grow from USD 10.4 Billion in 2024 to USD 16.8 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.00% during the forecast period (2024 - 2032). The increasing popularity of durable and affordable decor items and jewelry, as well as rising demand from the construction industry, are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The increasing applications for various Uses are essentially driving market CAGR for the Agate. The most important element driving the agate market is its use in grinding products. Agate is an excellent choice and is used in laboratories and top kitchens all over the world to produce delicate sauces and pasta, as well as to grind dry spices and herbs, due to its ability to control grinding and almost eradicate dirt from the mortar, rammer stands up. When a metal mortar and pestle is used, it is widely assumed that metal particles enter the soil powder, posing either a health concern or contamination when accurate scientific measurements are taken of the soil powder. In the kitchen, dense agate is far superior to more porous porcelain in terms of cross-contamination and cleanliness (hygiene), as the latter can harbor bacteria and provide a health concern. Furthermore, technological advancements that result in the development of new equipment and techniques, as well as the expansion of mining capacity by various large firms, will have an impact on market revenue growth throughout the projection period.
Moreover, agate has a unique feature: it is expected to be a valuable resource in the jewelry and decorative industries. Customers like distinctive interior design and ornamental materials for carvings, decorations, and jewelry. Agate is a popular choice for beaded jewelry, including bracelets, necklaces, and earrings, as well as cameos. A cameo is a gem that features a beautifully carved bust, figure, or person in high relief. Polished agate tiles are particularly beautiful interior design elements in the kitchen and bathroom. Furthermore, its cost and durability are projected to create new opportunities for huge organizations and markets. The construction industry has grown significantly in recent years as a result of increased urbanization, smart city development, and megaprojects. Natural stones such as marble, granite, and others are commonly employed in the residential and commercial sectors for infrastructure development, rebuilding, and refurbishment. Because of its attractive appearance and ease of upkeep, it is commonly used for table tops, wall coverings, floors, vanity tops, tiles, and other applications. Similarly, soapstone, another natural stone, is the softest material for countertops since it is impervious to heat and dust. Its strong resilience to wear and scrapes makes it ideal for use as a floor covering.
Another important aspect driving the agate market is the growing popularity of artificial jewelry. The rising price of gold and other precious stones, especially diamonds, fuels the market's interest in fake jewelry. These jewels are not only inexpensive but also visually appealing. Furthermore, the resale value of completed products is high, and it remains constant regardless of consumer perceptions. The thriving building industry, which is one of the primary drivers of the interior design market, is also fueling the rise of the onyx stone industry. The increase in expenditure on internal refurbishment of residential premises has typically migrated to commercial premises, such as offices and hotels, and is predicted to contribute to the expansion of the agate sector. Thus driving the Agate Market revenue.
The Agate Market segmentation, based on Type, includes Gray, Red, Blue and Others. During the forecast period, the gray segment is expected to experience maximum revenue share in the market. Grey agate is a form of chalcedony that has been stained multiple colors by exposure to various substances. Because of its distinctive hue and texture, it is commonly used as a decorative stone. Grey agate is thought to have numerous health advantages, including improving mental clarity and attention, lowering stress levels, and aiding in the healing process.
Grind Products and Decoration are the two Application/End-use in the Agate Market. The grind products category is predicted to account for the greatest revenue share throughout the projection period due to the use of agate in mortar and pestle manufacturing. The traditional mortar and pestle is still used in kitchens and laboratories because the primary goal of any mortar and pestle set is to grind solids into fine powders under highly controlled conditions in order to avoid heating effects and limit and control any impacts caused by stretching of sometimes flexible materials. These properties have accelerated their global adoption and are likely to fuel revenue growth in the market during the projection period.
Figure 1: Agate Market, By Application/End-use, 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and the Rest of the World. In terms of revenue, North America dominated the Agate Market in 2023, accounting for more than 45.80% of the total. The region is predicted to rise significantly during the projection period due to increasing product demand as a result of increased appeal as an ornamental stone and its decorative applications.
Further, the major countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: AGATE MARKET SHARE BY REGION 2023 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Agate Market accounts for the second-largest market share. This is due to rising consumer disposable income levels, together with growing awareness of luxury lifestyle products, which are expected to boost regional growth in the future years. Further, the German Agate Market held the largest market share, and the UK Agate Market was the fastest-growing market in the European region.
The Asia-Pacific Agate Market is expected to grow at the fastest CAGR from 2024 to 2032. This is due to growing research and development activities for various applications and increasing demand for decorations in the area are some additional factors driving revenue growth of the market over the forecast. Moreover, China’s Agate Market held the largest market share, and the Indian Agate Market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Agate Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Agate industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Agate industry to benefit clients and increase the market sector. In recent years, the Agate industry has offered some of the most significant advantages to the construction industry. Major players in the Agate Market, including Yanghong Agate – (China), HL Gemas & Minerals Ltd. – (Brazil), Xinchangbao Agate – (China), Miran Agate Pvt. Ltd – (India) and others are attempting to increase market demand by investing in research and development operations.
All varieties of agate stone items are manufactured, supplied, and exported by MIRAN AGATE. Since its founding in 1980, the firm (Tradeindia) (B2B India Marketplace) has gained recognition for manufacturing an extensive array of superior agate goods, such as tumbling stones, gemstone trees, bracelets, and other ornamental things. By maintaining a broad distribution network throughout India and operating with a client-centric mindset, Miran Agate is able to sustain a sizable customer base.
A Brazilian business with more than 44 years of expertise in the mineral and gemstone sector is HL Gemas & Minerais Ltda. The firm mostly serves the wholesale market and specialises in goods made from amethyst, agate, crystal, quartz, jasper, and other minerals. A staggering 97% of its output is shipped to markets in Europe, Asia, and the Americas. HL Gemas & Minerais, with its headquarters in Soledade, Rio Grande do Sul, is a member of a sizable regional industry cluster. The mineral exports from this region are noteworthy since they account for a sizable share of the total mineral exports for both the country and the region. The firm has generated high export sales, and it, together with others in the region, has made a big contribution to the economy.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 9.8 Billion |
| Market Size 2024 | USD 10.4 Billion |
| Market Size 2032 | USD 16.8 Billion |
| Compound Annual Growth Rate (CAGR) | 7.00% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019- 2021 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application/End-use and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | ย Yanghong Agate โ (China), HL Gemas & Minerals Ltd. โ (Brazil), Xinchangbao Agate โ (China), Miran Agate Pvt. Ltd โ (India), Gemstone Pvt. Ltd โ (India), Van Der Brรผin โ (U.S.), Yasin And Sohil Agate Pvt. Ltd. โ (India), Tai Yiaeh Enterprise Co., Ltd. โ (Taiwan), Antolini Luigi & C.S.p.A. โ (Italy), Ravenil SA โ (Germany). |
| Key Market Opportunities | ยทย ย ย ย ย ย Building industry is seeing an increase in demand for countertops, flooring, and other ornamental applications. |
| Key Market Dynamics | ยทย ย ย ย ย ย Medical company is experiencing steady growth as a result of its alleged health benefits. |
Frequently Asked Questions (FAQ) :
The Agate Market size was valued at USD 9.8 Billion in 2023.
The global market is projected to grow at a CAGR of 7.00% from 2024 to 2032.
North America had the largest share of the global market
The key players in the market are Yanghong Agate – (China), HL Gemas & Minerals Ltd. – (Brazil), Xinchangbao Agate – (China), and Miran Agate Pvt. Ltd – (India).
The grind products category dominated the market in 2023.
The gray category had the largest share of the global market.
Research Analyst Level I In her 3 years of experience in the market research field, she has handled critical cross-domain projects. she has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.she holds an engineering degree and is an mba professional from a well-known university, capable of evaluating the market and competitive conditions. an exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. generated business through active client and project development, networking, and high-quality responses. her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.
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