Schorl Tourmaline Market
Schorl Tourmaline Market
The market for Schorl Tourmaline was estimated at $375.30 million in 2024; it is anticipated to increase to $544 million by 2030, with projections indicating growth to around $742 million by 2035.
Global Schorl Tourmaline Market Outlook
Revenue, 2024 (US$M)
$375M
Forecast, 2034 (US$M)
$697M
CAGR, 2024 - 2034
6.4%
Market Key Insights
- The Schorl Tourmaline market is projected to grow from $375.3 million in 2024 to $697 million in 2034. This represents a CAGR of 6.4%, reflecting rising demand across Jewelry Manufacturing, Wellness & Healing Industry and Home Dcor & Ornamental Use.
- Gemological Institute of America, Siberian Gemological Center, Gemfields are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Schorl Tourmaline market and are expected to observe the growth CAGR of 4.2% to 6.1% between 2024 and 2030.
- Emerging markets including Vietnam, Nigeria and Turkey are expected to observe highest growth with CAGR ranging between 7.4% to 8.8%.
- Transition like Shift Towards Online Sales is expected to add $44 million to the Schorl Tourmaline market growth by 2030
- The Schorl Tourmaline market is set to add $323 million between 2024 and 2034, with manufacturer targeting Healing & Therapy & Collectibles Usage projected to gain a larger market share.
- With Increasing use in jewelry industry, and Assertive growth in home dcor segment, Schorl Tourmaline market to expand 86% between 2024 and 2034.
Opportunities in the Schorl Tourmaline
The cosmetic and personal care industry could leverage the mineral properties of Schorltourmaline due to the increasing consumer interest, in natural ingredients.
Growth Opportunities in North America and Asia-Pacific
North America Outlook
Asia-Pacific Outlook
Market Dynamics and Supply Chain
Driver: Increasing Use in Jewelry Industry, and Technological Advancements in Gemstone Processing
Restraint: Limited Availability
Opportunity: Expanding Use in Crystal Therapy and Application in Environmental Clean-up
Challenge: Fading Market Demand
Supply Chain Landscape
Mining & Extraction
Crystal Allies Materials
AGTA GemFair
Raw Material Processing
Lapidary Works of Hiddenite
Zhejiang Sanbao Quartz Products Co
Product Manufacturing
Artigifts Premium Co.
Angelica Manufacturing Corporation
Distribution & Retailing
Gitanjali Jewels
Signet Jewelers
Mining & Extraction
Crystal Allies Materials
AGTA GemFair
Raw Material Processing
Lapidary Works of Hiddenite
Zhejiang Sanbao Quartz Products Co
Product Manufacturing
Artigifts Premium Co.
Angelica Manufacturing Corporation
Distribution & Retailing
Gitanjali Jewels
Signet Jewelers