The Corundum Market was valued at US$ 2.34 Bn. in 2022. The Global Corundum Market size is estimated to grow at a CAGR of 4.2 % over the forecast period.
Corundum Market Report Overview
The forecast for the Corundum market was primarily based on an analysis of historical data and current trends in the market. This data was collected using both primary and secondary research methods. The report also includes the market size, share, regional analysis, dynamics, CAGR, and future trends. This makes the report a valuable resource for investors, as it provides a futuristic view of the Corundum industry.
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Corundum Market Report Scope and Research Methodology
The report provides historical data and forecasts for the Corundum Market at the global, regional, and country levels. It also provides a detailed analysis of Corundum market trends in each of the segments and their sub-segments from 2023 to 2029.
The key research methodology used by Maximize Market Research is data triangulation, which involves analyzing the impact of data variables on the Corundum market, data mining, and primary (industry expert) validation. The complex data of the Corundum industry has been analyzed and presented in simple language in the research report. SWOT analysis was used to provide insights into the strengths, weaknesses, opportunities, and threats of Corundum key players in the industry. The bottom-up approach was used to estimate the market size.
Corundum Market Regional Analysis
The report provides a comprehensive analysis of the Corundum market dynamics, including the impact of government initiatives and stringent rules and regulations in each region. The report also includes a detailed analysis of the market in North America, Asia Pacific, Europe, Middle East and Africa, and South America.
Corundum Market Segmentation
The corundum market is divided into three segments according on type: sapphire, emerald, and ruby. In 2021, the ruby sector accounted for 47% of the market share, the biggest percentage. Ruby corundum has no gemstone cleavage and is quite thick and compact. After diamonds, it is one of the hardest naturally occurring minerals. Additionally uncommon is ruby corundum of gem quality. Due to these characteristics, ruby corundum in both of its variants is one of the most sought-after jewelry stones. Additionally, category development is being aided by the increasing use of rubies in jewelry.
The corundum market is divided into four segments based on application: jewelry, abrasive, refractory, and minerals. With the biggest market share in the corundum market—corundum is another valuable stone after diamond—the jewelry sector has dominated this particular area of the market.
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Corundum Key Players
1. Alteo Alumina 2. Arotek 3. Bernd Kunze 4. Ceram Intertrade 5. Changzhou Sunai Metallurgical Refractories 6. EK-Company 7. Gemfields 8. Guangxi Wuzhou City Yihe Jewelry 9. Henan Sicheng 10.Henge 11.HK Fengqi Jewelry 12.Zhengzhou Sunrise Technology 13.LD International Abrasives 14.Rusal 15.Stars Gem 16.Riken Corundum 17.Swarovski Gemstone
Key Questions answered in the Corundum Market Report are:
- What is Corundum?
- What are the emerging trends in the Corundum market?
- What is the expected CAGR of the Corundum market during the forecast period?
- What are the Corundum market segments?
- Which region of the Corundum market is expected to grow at a high rate during the forecast period?
- What is the expected CAGR of the Corundum market during the forecast period?
- What are the factors restraining the Corundum market growth?
Key offerings:
- A Detailed Market Overview
- Market Share, Size, and Forecast by Revenue|2023-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their segments
- Competitive Landscape – Leading key players and other prominent key players.
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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