![Corundum Market](https://www.skyquestt.com/assets/frontend/images/upcoming_reports_cover_image.jpg)
Report ID: UCMIG15J2049
Report ID:
UCMIG15J2049 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
With a valuation of USD 2.6 billion in 2019, the global corundum market displayed its significance in various industries. Over the forecast period from 2020 to 2027, the market is projected to grow steadily, with a compound annual growth rate (CAGR) of 4.0%. This growth can be attributed to factors such as the increasing demand for corundum in applications such as abrasives, refractories, and electronics, as well as its usage as a gemstone in the jewelry industry. The market expansion reflects the diverse range of applications and the versatility of corundum in meeting industry needs.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Diversified Metals & Mining by segment aggregation, the contribution of the Diversified Metals & Mining in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG15J2049