Global Moissanite Market, 2015 to 2025
Global Moissanite Market, 2015 to 2025 Persistence Market Research Global Moissanite Market is Expected to Be Valued At US$ 48,837.2 Mn by 2025: Persistence Market Research Persistence Market Research 1 Global Moissanite Market, 2015 to 2025 Persistence Market Research Released New Market Report According to a new market report published by Persistence Market Research “Global Market Study on Moissanite: North America to Be the Most Lucrative Region and Also To Witness Highest Growth By 2025,” the global moissanite market is estimated to be valued at US$ 26,800.5 Mn by the end of 2015 and is anticipated to expand at a CAGR of 6.2% from 2015 to 2025, to account for US$ 48,837.2 Mn by 2025. Moissanite is a lab-created gemstone that is generally perceived as a diamond substitute by consumers. Moissanite is composed of silicon carbide and is created through a thermal process that is patented by Charles & Colvard Ltd., the only manufacturer of moissanite across the globe. Moissanite, a synthetic diamond, has been estimated to account for around 1.6% share of the overall gemstone market by 2015 end. Currently, the global moissanite market across the world is mainly driven by factors, such as resemblance of the product as diamond, rising consumer awareness about the product, and increasing consumer inclination towards luxurious jewelry products. However, factors such as the emergence of new technologies for creating other similar gemstones may restrain the market growth over the forecast period. The global moissanite market is anticipated to expand at a CAGR of 6.2 % from 2015 to 2025, to account for US$ 48,837.2 Mn by 2025. On the basis of application, the moissanite market has been segmented into rings, earrings, bracelets, and pendants. The rings segment is expected to account for 80.4% share of the global moissanite market by 2015 end, and is expected to register a moderate CAGR of 6.5% in terms of value over the forecast period (2015–2025). There has been a stupendous rise in adoption of moissanite in rings, which are the most preferred products among consumers, who buy them as gifts for their partners or mothers, in turn driving the segment growth in the near future. Earrings segment has been estimated to account for 9.8% value share of the overall market by 2015 end and is expected to register a CAGR of 6.0% in terms of value over the forecast period. On the basis of region, the moissanite market is segmented into North America, Latin America, Asia-Pacific, Europe, and the Middle East & Africa. Among these, North America is expected to account for 88.2% value share of the global moissanite market by 2015 end. The market in the region is expected to expand at CAGR of 6.3% in terms of value during the Persistence Market Research 2 Global Moissanite Market, 2015 to 2025 forecast period. Increasing consumer preference for pocket-friendly luxurious jewelry products is expected to fuel the growth of the market in the North America region over the forecast period. Request Sample Report: http://www.persistencemarketresearch.com/samples/4327 The report provides detailed information about the various trends driving each market segment and offers analysis and insights into the potential of the global moissanite market in specific regions. View Detail Report With TOC: http://www.persistencemarketresearch.com/marketresearch/moissanite-market.asp Currently, Charles & Colvard, Ltd is the only player operating in the market. Meanwhile, Cree Inc. and Norstel AB are the key raw material suppliers in the global moissanite market. The global moissanite market is segmented as follows: By Application Type Rings Earrings Pendants Bracelets For more Info: http://www.persistencemarketresearch.com/contact-us.asp By region North America Latin America Persistence Market Research 3 Global Moissanite Market, 2015 to 2025 Europe Asia Pacific The Middle East and Africa Market History: Moissanite is a lab-created gemstone that is generally perceived as a diamond substitute by consumers. Moissanite is composed of silicon carbide and is created through a thermal process that is patented by Charles & Colvard Ltd, the only manufacturer of Moissanite across the globe. Moissanite has a refractive index of 2.65. Its hardness on Mohs scale is 9.5, which makes Moissanite highly scratch-resistant. Moissanite is available at one-tenth price of the diamond. The differences between the two stones are pretty difficult to spot and can only be detected by a trained eye. Moissanite is also more durable and does not exhibit a yellowish color, unlike other diamond substitutes after a definite period of time. The global moissanite market is anticipated to grow from US$ 25,500.0 Mn in 2014 to US$ 48,837.2 Mn by 2025, expanding at a CAGR of 6.2% during the forecast period (2015–2025). Rising disposable income, coupled with increasing the inclination of consumers towards pocket-friendly luxurious jewelry products is expected to drive the global market growth over the forecast period. In addition, rising consumer adoption of moissanite as a gemstone similar to diamond is further expected to fuel the market growth. In 2014, the rings segment was valued at US$ 20,425.5 Mn and is expected to account for US$ 40,602.3 Mn by the end of 2025. The earrings segment is also expected to expand at a favorable growth rate over the forecast period. The earrings segment was valued at US$ 2,524.5 Mn in 2014 and is expected to reach US$ 4,468.6 Mn at the end of 2025. The rise in an adoption of bigger and multi-colored moissanite stone studded earrings is expected to drive the segment growth over the forecast period. In 2014, the North America moissanite market was valued at US$ 22,465.5 Mn and is expected to reach US$ 43,556.2 Mn by the end of 2025. In terms of value, the market in the region is expected to account for the highest CAGR of 6.3% over the forecast period, followed by the Europe market. Unlike moissanite, other synthetic diamonds such as cubic zirconia lose their luster after a certain period of time, due to which consumer preference in Persistence Market Research 4 Global Moissanite Market, 2015 to 2025 Europe is shifting towards the moissanite stone, which is expected to fuel the market growth across the region further over the forecast period. Currently, Charles & Colvard, Ltd. is the only player operating in the market. Meanwhile, Cree Inc. and Norstel AB are the key raw material suppliers in the global moissanite market. 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