PUBLISHER: The Business Research Company | PRODUCT CODE: 1559136
PUBLISHER: The Business Research Company | PRODUCT CODE: 1559136
Corundum Global Market Report 2024
Corundum is a crystalline form of aluminum oxide and is one of the hardest natural minerals, ranking 9 on the Mohs scale of mineral hardness. It is widely used both as an abrasive in industrial applications and as a gemstone, with notable varieties including sapphire and ruby. Its exceptional hardness makes it valuable for both industrial and decorative purposes.
The primary types of corundum are brown fused alumina, white fused alumina, and others. Brown fused alumina is a high-density abrasive material produced by melting bauxite ore in an electric arc furnace. It is widely used for grinding, sandblasting, and as a refractory material due to its durability and hardness. Additionally, it includes varieties such as emery, ruby, and sapphire, and is applied in fields such as jewelry, abrasives, refractory materials, minerals, and electronics.
The corundum market research report is one of a series of new reports from The Business Research Company that provides corundum market statistics, including the corundum industry's global market size, regional shares, competitors with a corundum market share, detailed corundum market segments, market trends and opportunities, and any further data you may need to thrive in the corundum industry. This corundum market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 increase during the historic period can be credited to several factors, the notable expansion of industrialization, the development of the electronics sector, a rise in disposable income, a higher demand for both industrial materials and luxury items, and the adoption of sustainable practices coupled with regulatory policies.
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%. The anticipated growth during the forecast period is due to a higher demand for electronics, advancements in sustainable mining and production methods, the use of corundum in abrasives, a surge in the popularity of colored gemstones, and a boost in investment in renewable energy. Key trends for this period include the widening applications in the medical sector, progress in synthetic corundum production, the rising interest in lab-created gemstones, increased funding for research and development, and innovations in manufacturing technology.
The corundum market is expected to grow due to the rising demand for gemstones, which are valued for their rarity and beauty. As consumers increasingly seek luxury and personalized jewelry, and as disposable incomes rise, the interest in gemstones is expanding, driven by evolving fashion trends. Corundum, used in gemstones such as rubies and sapphires, is especially prized for its remarkable hardness and vivid colors. The value of these gemstones makes them highly sought after in jewelry. For example, the US Geological Survey (USGS) reported that in January 2022, US gemstone imports reached approximately $24 billion in 2021, a 49% increase from $16.3 billion in 2020. Of this, gem-quality diamonds accounted for $21 billion, marking a 49% rise from $14.3 billion in 2020, while nondiamond gemstones totaled $2.9 billion, up 51% from $1.9 billion in 2020. This surge in gemstone demand is contributing to the growth of the corundum market.
Major players in the corundum market are investing in advanced solutions such as high-tech gem testing laboratories, which make gem analysis more accessible and cost-effective. For example, in February 2023, GGTL Laboratories, a gemological lab based in Switzerland, opened the GGTL Gemlab in Antwerp, Belgium. This facility boasts cutting-edge technology for the analysis of melee-sized gemstones and offers comprehensive testing services including authenticity and origin verification for sapphires and rubies.
In January 2021, UMS Group, a South Africa-based mining logistics firm, acquired ALTEO, a French company specializing in specialty alumina, including corundum. This acquisition will enhance UMS Group's research and development capabilities and reinforce its leadership in the specialty aluminas 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
Asia-Pacific was the largest region in the corundum market in 2023. The regions covered in the corundum market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the corundum market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The corundum market consists of sales of synthetic corundum, industrial corundum powders, and pink and blue sapphire. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Corundum Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on corundum market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for corundum ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The corundum market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
- Markets Covered: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
- Companies Mentioned: Compagnie de Saint-Gobain S.A; IMERYS S.A.; Swarovski AG; Mirka Abrasives Inc.; Asahi Diamond Industrial
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Table of Contents
1. Executive Summary
2. Corundum Market Characteristics
3. Corundum Market Trends And Strategies
4. Corundum Market - Macro Economic Scenario
- 4.1. Impact Of High Inflation On The Market
- 4.2. Ukraine-Russia War Impact On The Market
- 4.3. COVID-19 Impact On The Market
5. Global Corundum Market Size and Growth
- 5.1. Global Corundum Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
- 5.2. Global Corundum Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
- 5.3. Global Corundum Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Corundum Market Segmentation
- 6.1. Global Corundum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Brown Fused Alumina
- White Fused Alumina
- Other Types
- 6.2. Global Corundum Market, Segmentation By Variety, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Emery
- Ruby
- Sapphire
- 6.3. Global Corundum Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Jewelry
- Abrasive
- Refractory
- Mineral
- Electrical And Electronics
- Other Applications
7. Corundum Market Regional And Country Analysis
- 7.1. Global Corundum Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 7.2. Global Corundum Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Corundum Market
- 8.1. Asia-Pacific Corundum Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Corundum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8.3. Asia-Pacific Corundum Market, Segmentation By Variety, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8.4. Asia-Pacific Corundum Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Corundum Market
- 9.1. China Corundum Market Overview
- 9.2. China Corundum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9.3. China Corundum Market, Segmentation By Variety, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9.4. China Corundum Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Corundum Market
- 10.1. India Corundum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.2. India Corundum Market, Segmentation By Variety, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.3. India Corundum Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Corundum Market
- 11.1. Japan Corundum Market Overview
- 11.2. Japan Corundum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.3. Japan Corundum Market, Segmentation By Variety, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.4. Japan Corundum Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Corundum Market
- 12.1. Australia Corundum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.2. Australia Corundum Market, Segmentation By Variety, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.3. Australia Corundum Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Corundum Market
- 13.1. Indonesia Corundum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.2. Indonesia Corundum Market, Segmentation By Variety, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.3. Indonesia Corundum Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Corundum Market
- 14.1. South Korea Corundum Market Overview
- 14.2. South Korea Corundum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.3. South Korea Corundum Market, Segmentation By Variety, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.4. South Korea Corundum Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Corundum Market
- 15.1. Western Europe Corundum Market Overview
- 15.2. Western Europe Corundum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15.3. Western Europe Corundum Market, Segmentation By Variety, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15.4. Western Europe Corundum Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Corundum Market
- 16.1. UK Corundum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.2. UK Corundum Market, Segmentation By Variety, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.3. UK Corundum Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Corundum Market
- 17.1. Germany Corundum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.2. Germany Corundum Market, Segmentation By Variety, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.3. Germany Corundum Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Corundum Market
- 18.1. France Corundum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18.2. France Corundum Market, Segmentation By Variety, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18.3. France Corundum Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Corundum Market
- 19.1. Italy Corundum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.2. Italy Corundum Market, Segmentation By Variety, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.3. Italy Corundum Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Corundum Market
- 20.1. Spain Corundum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.2. Spain Corundum Market, Segmentation By Variety, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.3. Spain Corundum Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Corundum Market
- 21.1. Eastern Europe Corundum Market Overview
- 21.2. Eastern Europe Corundum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21.3. Eastern Europe Corundum Market, Segmentation By Variety, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21.4. Eastern Europe Corundum Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Corundum Market
- 22.1. Russia Corundum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.2. Russia Corundum Market, Segmentation By Variety, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.3. Russia Corundum Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Corundum Market
- 23.1. North America Corundum Market Overview
- 23.2. North America Corundum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23.3. North America Corundum Market, Segmentation By Variety, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23.4. North America Corundum Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Corundum Market
- 24.1. USA Corundum Market Overview
- 24.2. USA Corundum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24.3. USA Corundum Market, Segmentation By Variety, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24.4. USA Corundum Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Corundum Market
- 25.1. Canada Corundum Market Overview
- 25.2. Canada Corundum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25.3. Canada Corundum Market, Segmentation By Variety, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25.4. Canada Corundum Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Corundum Market
- 26.1. South America Corundum Market Overview
- 26.2. South America Corundum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26.3. South America Corundum Market, Segmentation By Variety, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26.4. South America Corundum Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Corundum Market
- 27.1. Brazil Corundum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.2. Brazil Corundum Market, Segmentation By Variety, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.3. Brazil Corundum Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Corundum Market
- 28.1. Middle East Corundum Market Overview
- 28.2. Middle East Corundum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28.3. Middle East Corundum Market, Segmentation By Variety, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28.4. Middle East Corundum Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Corundum Market
- 29.1. Africa Corundum Market Overview
- 29.2. Africa Corundum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29.3. Africa Corundum Market, Segmentation By Variety, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29.4. Africa Corundum Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Corundum Market Competitive Landscape And Company Profiles
- 30.1. Corundum Market Competitive Landscape
- 30.2. Corundum Market Company Profiles
- 30.2.1. Compagnie de Saint-Gobain S.A
- 30.2.1.1. Overview
- 30.2.1.2. Products and Services
- 30.2.1.3. Strategy
- 30.2.1.4. Financial Performance
- 30.2.2. IMERYS S.A.
- 30.2.2.1. Overview
- 30.2.2.2. Products and Services
- 30.2.2.3. Strategy
- 30.2.2.4. Financial Performance
- 30.2.3. Swarovski AG
- 30.2.3.1. Overview
- 30.2.3.2. Products and Services
- 30.2.3.3. Strategy
- 30.2.3.4. Financial Performance
- 30.2.4. Mirka Abrasives Inc.
- 30.2.4.1. Overview
- 30.2.4.2. Products and Services
- 30.2.4.3. Strategy
- 30.2.4.4. Financial Performance
- 30.2.5. Asahi Diamond Industrial
- 30.2.5.1. Overview
- 30.2.5.2. Products and Services
- 30.2.5.3. Strategy
- 30.2.5.4. Financial Performance
- 30.2.1. Compagnie de Saint-Gobain S.A
31. Corundum Market Other Major And Innovative Companies
- 31.1. H.C. Starck
- 31.2. Washington Mills
- 31.3. Almatis
- 31.4. RIKEN Corundum
- 31.5. Norton Abrasives
- 31.6. Fujimi Corporation
- 31.7. Starsgem Co. Ltd
- 31.8. Zhengzhou Sunrise Technology
- 31.9. HENGE Services GmbH
- 31.10. Huber GmbH & Co. KG
- 31.11. THAI TECH SAPPHIRE CO. LTD.
- 31.12. Anda Tool And Fastener
- 31.13. Kuhmichel Abrasiv GmbH
- 31.14. RuiShi Group
- 31.15. Eurotungstene Poudres SAS
32. Global Corundum Market Competitive Benchmarking
33. Global Corundum Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Corundum Market
35. Corundum Market Future Outlook and Potential Analysis
- 35.1 Corundum Market In 2028 - Countries Offering Most New Opportunities
- 35.2 Corundum Market In 2028 - Segments Offering Most New Opportunities
- 35.3 Corundum Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies
36. Appendix
- 36.1. Abbreviations
- 36.2. Currencies
- 36.3. Historic And Forecast Inflation Rates
- 36.4. Research Inquiries
- 36.5. The Business Research Company
- 36.6. Copyright And Disclaimer
