The import of artificial corundum to the US is projected to grow from 2024 to 2028. The value in 2023 was $190.00 million. The year-on-year growth for 2024 is around 1.85%, expected to accelerate slightly in the coming years, with figures such as 1.78% for 2025, 1.72% for 2026, 1.66% for 2027, and 1.59% for 2028. Over this five-year period, the compound annual growth rate (CAGR) averages around 1.72%.
Future trends to watch for include:
- Market demand shifts based on industrial applications.
- International trade policies affecting import costs.
- Technological advancements in synthetic material production.
