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Corundum Market SWOT Analysis, Size, Share, Overview, Industry Analysis, Share And Forecast Till 2033
Corundum Market
As per the report, the corundum market size has grown strongly in recent years. It will grow from $2.50 billion in 2023 to $2.64 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The corundum market size is expected to see strong growth in the next few years. It will grow to $3.31 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%.
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What Is Driving The Growth Of The Global Corundum Market?
Increasing Gemstone Demand Drives Corundum Market Growth
The increasing demand for gemstones is expected to propel the growth of the corundum market going forward. Gemstones are crystals that are cut, polished, and used in jewelry and ornamentation due to their rarity and beauty. The increasing demand for gemstones is driven by rising consumer interest in luxury and personalized jewelry, growing disposable incomes, and the expanding influence of fashion trends. Corundum is used in gemstones, particularly in the forms of ruby and sapphire, prized for their exceptional hardness and vibrant colors. These gemstones are highly valued in jewelry for their beauty and durability.
What Is The Key Trend In The Global Corundum Market?
Advanced Technology Enhances Corundum Market's Integrity And Accessibility
Major companies operating in the corundum market are developing innovative solutions, such as high-tech gem testing laboratories, to provide easier and more cost-effective access to gem testing services. High-tech gem testing laboratories are cutting-edge facilities with advanced technology and expertise for analyzing and verifying the quality, origin, and properties of gemstones.
How Is The Global Corundum Market Segmented?
The corundum market covered in this report is segmented -
1) By Type: Brown Fused Alumina, White Fused Alumina, Other Types
2) By Variety: Emery, Ruby, Sapphire
3) By Application: Jewelry, Abrasive, Refractory, Mineral, Electrical And Electronics, Other Applications
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How Is The Competitive Landscape Of The Global Corundum Market?
Major companies operating in the corundum market are Compagnie de Saint-Gobain S.A, IMERYS S.A., Swarovski AG, Mirka Abrasives Inc., Asahi Diamond Industrial, H.C. Starck, Washington Mills, Almatis, RIKEN Corundum, Norton Abrasives, Fujimi Corporation, Starsgem Co. Ltd, Zhengzhou Sunrise Technology, HENGE Services GmbH, Huber GmbH & Co. KG, THAI TECH SAPPHIRE CO. LTD., Anda Tool And Fastener, Kuhmichel Abrasiv GmbH, RuiShi Group, Eurotungstene Poudres SAS, LD International Abrasives
Contents Of The Global Corundum Market
1. Executive Summary
2. Corundum Market Report Structure
3. Corundum Market Trends And Strategies
4. Corundum Market - Macro Economic Scenario
5. Corundum Market Size And Growth
…..
27. Corundum Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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