Market Overview:
The global lapis lazuli market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for lapis lazuli in various applications such as decoration, collection, and others. Lapis Lazuli is a semi-precious stone that is found in different parts of the world. It has been used since antiquity for its blue color and prized for its rarity and quality. The major factors that are driving the growth of this market include increase in disposable income, growing awareness about natural stones among consumers, and rising demand from emerging economies such as China and India.
Product Definition:
Lapis Lazuli is a deep blue semi-precious stone that has been prized since antiquity for its intense color. It is used to make jewelry, vases, and other decorative objects.
A Grade:
A grade lapis is the highest quality lapis mineral that has been tested and found to be completely free of any iron contamination. It has a very high spiritual vibration which helps in healing all kinds of physical, emotional and mental problems. Lapis lazuli is used for healing wounds, bringing inner strength and self-reliance along with an increased ability to focus on the task at hand. It also assists in gaining clarity of purpose as well as enhancing one's intuitive abilities.
AA Grade:
AA grade lapis is a premium quality lapiz lazuli with good color and high content of crystalline material. It has been used in making azurite, malachite and turquoise stones. Lapis Lazuli is a rock that occurs in several colors including blue, gray, white and brown among others.
Application Insights:
The collection application segment led the global lapis lazulis market in 2017. The increasing demand for luxury goods, such as rings, bracelets and necklaces is expected to be a major factor driving the segment growth over the forecast period. Furthermore, rising demand from countries like India and China is anticipated to further fuel product consumption in this application segment.
The decoration application of lapis lazuli stones has been witnessing significant growth over the past few years owing to its use as an ornamental stone across various construction projects including mosque floors and domes on buildings across the globe. Its deep blue color blends well with other decorative materials making it an ideal decorative stone for use in interior design applications.
Regional Analysis:
Asia Pacific dominated the global lapis lazulis market in 2017 and accounted for over 45% of the total revenue share. The growth is attributed to increasing demand from countries, such as Japan, China, India and Australia. Rising construction activities due to growing population are also expected to have a positive impact on the industry growth over the forecast period.
The Middle East & Africa region is projected to witness significant growth during the forecast period owing to rising construction activities in countries including Saudi Arabia and UAE. In addition, increasing decoration projects at hotels including Marriott’s Hotel Wafi in Jeddah will boost regional product demand during 2018-2030 period. However there exists a scarcity of natural resources which limits its application scope globally; therefore it has been largely replaced by Lazurite variety mined from mines located overseas resulting into low availability of Lapis Lazuli mined exclusively from Afghanistan's deposits thus affecting overall production quantity and quality adversely.
Growth Factors:
- Increasing demand from the construction and automotive industries as a result of its properties such as durability, luster, and resistance to fading.
- Growing popularity of lapis lazuli in jewelry due to its unique blue coloration.
- Rising awareness about the benefits of lapis lazuli among consumers, which is resulting in an increase in demand for the stone across various applications.
- Limited availability of lapis lazuli due to its rarity is resulting in higher prices, thereby driving demand from luxury goods buyers and investors alike. 5) Steady growth in global GDP coupled with rising consumer spending is expected to fuel Lapis Lazulis market growth over the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Lapis Lazulis Market Research Report
By Type
A Grade, AA Grade, AAA Grade, AAAA Grade
By Application
Decoration, Collection, Others
By Companies
Mir Hamza Marble & Granite Industry, Gem Stone Company, Las Flores de Los Andes, Afghan Precious Minerals, Multi Rock Salt Company, Miracle Marble Art
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
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Lapis Lazulis Market Report Segments:
The global Lapis Lazulis market is segmented on the basis of:
Types
A Grade, AA Grade, AAA Grade, AAAA Grade
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
Decoration, Collection, 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:
- Mir Hamza Marble & Granite Industry
- Gem Stone Company
- Las Flores de Los Andes
- Afghan Precious Minerals
- Multi Rock Salt Company
- Miracle Marble Art
Highlights of The Lapis Lazulis 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:
- A Grade
- AA Grade
- AAA Grade
- AAAA Grade
- By Application:
- Decoration
- Collection
- 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 Lapis Lazulis 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Lapis Lazulis is a blue-green mineral that is found in various locations around the world. It is often used as a gemstone and has many different properties, including being able to help with anxiety and depression.
Some of the key players operating in the lapis lazulis market are Mir Hamza Marble & Granite Industry, Gem Stone Company, Las Flores de Los Andes, Afghan Precious Minerals, Multi Rock Salt Company, Miracle Marble Art.
The lapis lazulis market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lapis Lazulis 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 Lapis Lazulis Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lapis Lazulis 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 Lapis Lazulis 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 Lapis Lazulis Market Size & Forecast, 2020-2028
4.5.1 Lapis Lazulis Market Size and Y-o-Y Growth
4.5.2 Lapis Lazulis Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 A Grade
5.2.2 AA Grade
5.2.3 AAA Grade
5.2.4 AAAA Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Decoration
6.2.2 Collection
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lapis Lazulis 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 Lapis Lazulis 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 A Grade
9.6.2 AA Grade
9.6.3 AAA Grade
9.6.4 AAAA Grade
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 Market Size Forecast by Applications
9.10.1 Decoration
9.10.2 Collection
9.10.3 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 A Grade
10.6.2 AA Grade
10.6.3 AAA Grade
10.6.4 AAAA Grade
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 Market Size Forecast by Applications
10.10.1 Decoration
10.10.2 Collection
10.10.3 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 A Grade
11.6.2 AA Grade
11.6.3 AAA Grade
11.6.4 AAAA Grade
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 Market Size Forecast by Applications
11.10.1 Decoration
11.10.2 Collection
11.10.3 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 A Grade
12.6.2 AA Grade
12.6.3 AAA Grade
12.6.4 AAAA Grade
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 Market Size Forecast by Applications
12.10.1 Decoration
12.10.2 Collection
12.10.3 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 A Grade
13.6.2 AA Grade
13.6.3 AAA Grade
13.6.4 AAAA Grade
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) Market Size Forecast by Applications
13.10.1 Decoration
13.10.2 Collection
13.10.3 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 Lapis Lazulis Market: Competitive Dashboard
14.2 Global Lapis Lazulis Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mir Hamza Marble & Granite Industry
14.3.2 Gem Stone Company
14.3.3 Las Flores de Los Andes
14.3.4 Afghan Precious Minerals
14.3.5 Multi Rock Salt Company
14.3.6 Miracle Marble Art
