Market Overview:
The global alexandrite crystals market is expected to register a CAGR of 6.5% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for laser medical devices and dermatology applications. Additionally, the growing demand for atmospheric lidar applications is also contributing to the growth of the global alexandrite crystals market. Based on type, the global alexandrite crystals market has been segmented into diameter 6mm, diameter 8mm, diameter 10mm and others. Among these segments, diameter 10mm held majority share in 2017 and is expected to maintain its dominance during forecast period as well. This can be attributed to its superior optical quality that makes it suitable for high precision applications such as laser medical devices and atmospheric lidar systems. Based on application, the global alexandrite crystals market has been segmented into laser medical devices, dermatology, atmospheric lidar and others. Among these segments; laser medical devices held majority share in 2017 and is anticipated to maintain its dominance throughout forecast period owing to rising adoption of lasers in various surgical procedures across globe . Dermatology application accounted for second largest share in 2017 due continuous increase in number of people suffering from skin diseases or disorders . Atmospheric lidar accounted for third largest share in 2017 majorly due growing concerns over environment safety & security issues .
Product Definition:
Alexandrite is a rare, color-changing gemstone that is part of the chrysoberyl family. It was first discovered in Russia in 1830 and gets its name from Tsar Alexander II. Alexandrite can change colors from green to red, depending on the light source. It's often used in jewelry because of its unique appearance and rarity.
Diameter 6mm:
Diameter 6mm is the cut off point for Alexandrite Crystals. The crystals larger than this are called Alexandrite Filaments and those below are known as Alexandrite Seeds. Diameter 6mm is a significant value in the market, owing to factors such as it's used by most of the manufacturers when they produce semi-mountainous or non-mountainous rays that have an elongated shape and can be mounted in pendants or necklaces.
Diameter 8mm:
Diameter 8mm is a type of crystal that has hexagonal shape and is used in the production of alexandrite crystals. Alexandrite crystals are colorless, transparent, and have strong luminescence. They are named after Alexander II who was the Russian Tsar at the time when they were discovered in 1803. The Alexandrites can be divided into two types: single-crystal and double-crystal varieties based on their morphology (shape).
Application Insights:
The laser medical devices segment led the market and accounted for more than a 25% share of the global revenue in 2017. The segment is projected to expand at a steady CAGR from 2018 to 2030 owing to rising applications in various end-use industries such as electronics, optoelectronics, semiconductors and telecommunication. Alexandrite crystal lasers are used for surgical procedures as they provide high power density with low energy consumption. They are also used in ophthalmic equipment due to its ability to stimulate rod & cone cells which helps improve vision by increasing night vision sensitivity without causing eye fatigue or strain. Other key application areas include dermatology where it is used for skin rejuvenation treatments that help reduce fine lines & wrinkles caused by chronic exposure of the skin surface area on sunlight during day time hours.
The atmospheric lidar segment is expected register significant growth over the forecast period owing to increased adoption across several industries including meteorology, marine science, agriculture.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to maintain its position during the forecast period owing to increasing demand for laser equipment and medical devices. In addition, rising disposable income coupled with expanding healthcare infrastructure is anticipated to fuel the market growth over this region.
The Asia Pacific was followed by Europe, which accounted for a revenue share of more than 20% in 2017 owing to high demand from several end-use industries such as aerospace & defense, automotive & transportation and medicine. The presence of major aircraft manufacturers such as Airbus S.A., Dassault Syst¨mes; automobile giants like Volkswagen Group; and pharmaceutical companies like Novartis AG are headquartered in Europe has led it having a significant impact on global industry trends across all product types including large diamantite crystals ( Alexandrite ) Crystals smaller than 6mm).
Growth Factors:
- Increasing demand from the gem and jewelry industry as a result of its rarity and unique color changing properties.
- Growing popularity of alexandrite as an alternative to other gemstones in engagement rings and other jewelry pieces.
- Increased awareness about the benefits of alexandrite crystals among consumers, which is driving demand for these crystals in various applications such as healing, meditation, etc.
- Rising trend of using natural stones in lieu of synthetic or artificial stones in jewelry making due to environmental concerns and health benefits associated with them.
Scope Of The Report
Report Attributes
Report Details
Report Title
Alexandrite Crystals Market Research Report
By Type
Diameter 6mm, Diameter 8mm, Diameter 10mm, Others
By Application
Laser Medical Devices, Dermatology, Atmospheric Lidar, Others
By Companies
Northrop Grumman, Crystech, Lasertec, American Elements, Izovac, 3photon
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Alexandrite Crystals Market Report Segments:
The global Alexandrite Crystals market is segmented on the basis of:
Types
Diameter 6mm, Diameter 8mm, Diameter 10mm, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Laser Medical Devices, Dermatology, Atmospheric Lidar, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Northrop Grumman
- Crystech
- Lasertec
- American Elements
- Izovac
- 3photon
Highlights of The Alexandrite Crystals Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Diameter 6mm
- Diameter 8mm
- Diameter 10mm
- Others
- By Application:
- Laser Medical Devices
- Dermatology
- Atmospheric Lidar
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Alexandrite Crystals Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Alexandrite crystals are a type of mineral that is composed of the element aluminum and the chemical element silicon. Alexandrite crystals are typically found in rocks and minerals, but they can also be found as gemstones.
Some of the major companies in the alexandrite crystals market are Northrop Grumman, Crystech, Lasertec, American Elements, Izovac, 3photon.
The alexandrite crystals market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Alexandrite Crystals Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Alexandrite Crystals Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Alexandrite Crystals Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Alexandrite Crystals Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Alexandrite Crystals Market Size & Forecast, 2018-2028 4.5.1 Alexandrite Crystals Market Size and Y-o-Y Growth 4.5.2 Alexandrite Crystals Market Absolute $ Opportunity
Chapter 5 Global Alexandrite Crystals Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Alexandrite Crystals Market Size Forecast by Type
5.2.1 Diameter 6mm
5.2.2 Diameter 8mm
5.2.3 Diameter 10mm
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Alexandrite Crystals Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Alexandrite Crystals Market Size Forecast by Applications
6.2.1 Laser Medical Devices
6.2.2 Dermatology
6.2.3 Atmospheric Lidar
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Alexandrite Crystals Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Alexandrite Crystals Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Alexandrite Crystals Analysis and Forecast
9.1 Introduction
9.2 North America Alexandrite Crystals Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Alexandrite Crystals Market Size Forecast by Type
9.6.1 Diameter 6mm
9.6.2 Diameter 8mm
9.6.3 Diameter 10mm
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Alexandrite Crystals Market Size Forecast by Applications
9.10.1 Laser Medical Devices
9.10.2 Dermatology
9.10.3 Atmospheric Lidar
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Alexandrite Crystals Analysis and Forecast
10.1 Introduction
10.2 Europe Alexandrite Crystals Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Alexandrite Crystals Market Size Forecast by Type
10.6.1 Diameter 6mm
10.6.2 Diameter 8mm
10.6.3 Diameter 10mm
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Alexandrite Crystals Market Size Forecast by Applications
10.10.1 Laser Medical Devices
10.10.2 Dermatology
10.10.3 Atmospheric Lidar
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Alexandrite Crystals Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Alexandrite Crystals Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Alexandrite Crystals Market Size Forecast by Type
11.6.1 Diameter 6mm
11.6.2 Diameter 8mm
11.6.3 Diameter 10mm
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Alexandrite Crystals Market Size Forecast by Applications
11.10.1 Laser Medical Devices
11.10.2 Dermatology
11.10.3 Atmospheric Lidar
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Alexandrite Crystals Analysis and Forecast
12.1 Introduction
12.2 Latin America Alexandrite Crystals Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Alexandrite Crystals Market Size Forecast by Type
12.6.1 Diameter 6mm
12.6.2 Diameter 8mm
12.6.3 Diameter 10mm
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Alexandrite Crystals Market Size Forecast by Applications
12.10.1 Laser Medical Devices
12.10.2 Dermatology
12.10.3 Atmospheric Lidar
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Alexandrite Crystals Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Alexandrite Crystals Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Alexandrite Crystals Market Size Forecast by Type
13.6.1 Diameter 6mm
13.6.2 Diameter 8mm
13.6.3 Diameter 10mm
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Alexandrite Crystals Market Size Forecast by Applications
13.10.1 Laser Medical Devices
13.10.2 Dermatology
13.10.3 Atmospheric Lidar
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Alexandrite Crystals Market: Competitive Dashboard
14.2 Global Alexandrite Crystals Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Northrop Grumman
14.3.2 Crystech
14.3.3 Lasertec
14.3.4 American Elements
14.3.5 Izovac
14.3.6 3photon