Press release
Corundum Market Research Report 2019 to 2025| Swarovski Gemstones, Riken Corundum, Alteo Alumina
Government agencies encouraging investments in the mineral sector are expected to boost the growth of the global corundum market. In April 2019, Afghanistan’s Ministry of Mines and Petroleum opened 43 tenders for natural resource projects. This was part of the US Agency for International Development’s (USAID) global initiative INVEST to bring in investments for the Afghan mineral sector having assets worth an estimated $1 trillion.
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Key Players
Some of the major players of the global corundum market are K.A. Refractories Co. Ltd., Shenyang Hongyang Fine Ceramic Co. Ltd., Swarovski Gemstones, Riken Corundum Co. Ltd., Alteo Alumina, and Henge Group. The report also covers emerging players including Stars Gem, Swarovski Gemstones, World Corundum, Wuzhou Yisheng Jewelry, Xiamen Xinbailong Instrument, Xingyang Jinbo Abrasives, Yancheng Jiuheng Industry & Trade, Yixing Haiyu Refractory Materials, and Zhengzhou Sunrise Technology.
Market Segmentation
By Type
● Emery
● Ruby
● Sapphire
By End Use
● Jewelry
● Abrasive
● Refractory
● Mineral
● Electrical and Electronics
● Others
Among different types of corundum, ruby is anticipated to account for a substantial share of the global market. After diamond, it is considered as one of the most sought-after precious stones. Moreover, it is extensively used in the jewelry business.
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