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Corundum Market Size, Share & Trends Analysis Report By Application, By Region, And Segment Forecasts, 2025 - 2030

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    Report

  • 100 Pages
  • December 2024
  • Region: Global
  • Grand View Research
  • ID: 6040941
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Corundum Market Growth & Trends

The global corundum market size is estimated to reach USD 8.47 billion by 2030 registering a CAGR of 5.1% from 2025 to 2030. The rising popularity of ruby based jewelry is projected to aid market growth over the forecast period. Corundum is a naturally occurring mineral, which is mostly found in rocks with higher percentages of alkalis and alumina. The vivid color combination exhibited by the product in the form of ruby and sapphire is due to the elemental substitution.

The presence of Fe and Ti within the crystal structure of the product provides the sapphire with blue color. Similarly, the presence of chromium provides the ruby with red color. These aforementioned colored gems are widely popular in the retail segment of the U.S. jewelry industry, which valued at around USD 83.4 billion in 2016. Although, due to the various level of processing stages involved within the value chain of colored gems, the retail price of the product is highly marginalized. The growth of the U.S. jewelry industry is directly related to the nation’s economic macro indicators, which are likely to observe a declining trajectory in FY 2020 due to the emergence of coronavirus.

With the global pandemic and lockdown on industrial activities, the product demand in FY 2020 is likely to observe stagnant growth. The product demand observed a significant decline in the first quarter of the FY 2020 as the key application segments, such as jewelry, ceramics, and refractory industries, had a disruption in their operational activities. Key companies in the market are formulating strategies to adopt sustainable mining practices and reduce Greenhouse Gas (GHG) emissions.

Corundum Market Report Highlights

  • The jewelry application segment dominated the market and accounted for the largest revenue share of 53.7% in 2024.
  • The abrasives segment is expected to grow at a CAGR of 5.4% over the forecast period, owing to its superior hardness, making it an ideal material for various industrial uses.
  • Europe corundum market dominated the global market and accounted for the largest revenue share of 33.6% in 2024, driven by the increasing industrial demand for abrasives and refractory materials.

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players worldwide.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listing for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets

This product will be delivered within 1-3 business days.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Insights
2.2. Segmental Outlook
2.3. Competitive Outlook
Chapter 3. Corundum Market Variables, Trends & Scope
3.1. Global Corundum Market Outlook
3.2. Industry Value Chain Analysis
3.3. Average Price Trend Analysis
3.4. Supply-Demand Gap Analysis, 2024
3.5. Regulatory Framework
3.5.1. Policies and Incentive Plans
3.5.2. Standards and Compliances
3.5.3. Regulatory Impact Analysis
3.6. Market Dynamics
3.6.1. Market Driver Analysis
3.6.2. Market Restraint Analysis
3.6.3. Industry Challenges
3.7. Porter’s Five Forces Analysis
3.7.1. Supplier Power
3.7.2. Buyer Power
3.7.3. Substitution Threat
3.7.4. Threat From New Entrant
3.7.5. Competitive Rivalry
3.8. PESTEL Analysis
3.8.1. Political Landscape
3.8.2. Economic Landscape
3.8.3. Social Landscape
3.8.4. Technological Landscape
3.8.5. Environmental Landscape
3.8.6. Legal Landscape
Chapter 4. Corundum Market: Application Outlook Estimates & Forecasts
4.1. Corundum Market: Application Movement Analysis, 2024 & 2030
4.1.1. Jewelry
4.1.1.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
4.1.2. Abrasives
4.1.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
4.1.3. Refractories
4.1.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
4.1.4. Others
4.1.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
Chapter 5. Corundum Market Regional Outlook Estimates & Forecasts
5.1. Regional Snapshot
5.2. Corundum Market: Regional Movement Analysis, 2024 & 2030
5.3. North America
5.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.3.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
5.3.3. U.S.
5.3.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.3.3.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
5.3.4. Canada
5.3.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.3.4.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
5.3.5. Mexico
5.3.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.3.5.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
5.4. Europe
5.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.4.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
5.4.3. Germany
5.4.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.4.3.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
5.4.4. France
5.4.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.4.4.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
5.4.5. UK
5.4.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.4.5.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
5.5. Asia Pacific
5.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.5.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
5.5.3. China
5.5.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.5.3.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
5.5.4. India
5.5.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.5.4.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
5.5.5. Japan
5.5.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.5.5.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
5.6. Latin America
5.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.6.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
5.6.3. Brazil
5.6.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.6.3.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
5.7. Middle East & Africa
5.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.7.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
Chapter 6. Competitive Landscape
6.1. Recent Developments & Impact Analysis, By Key Market Participants
6.2. Vendor Landscape
6.2.1. Company Categorization
6.2.2. List Of Key Distributors and Channel Partners
6.2.3. List Of Potential Customers/End Users
6.3. Competitive Dynamics
6.3.1. Competitive Benchmarking
6.3.2. Strategy Mapping
6.3.3. Heat Map Analysis
6.4. Company Profiles/Listing
6.4.1. Alteo
6.4.1.1. Participant’s Overview
6.4.1.2. Financial Performance
6.4.1.3. Product Benchmarking
6.4.1.4. Strategic Initiatives
6.4.2. MOTIM Electrocorundum Ltd.
6.4.2.1. Participant’s Overview
6.4.2.2. Financial Performance
6.4.2.3. Product Benchmarking
6.4.2.4. Strategic Initiatives
6.4.3. RusAL
6.4.3.1. Participant’s Overview
6.4.3.2. Financial Performance
6.4.3.3. Product Benchmarking
6.4.3.4. Strategic Initiatives
6.4.4. Greenland Ruby
6.4.4.1. Participant’s Overview
6.4.4.2. Financial Performance
6.4.4.3. Product Benchmarking
6.4.4.4. Strategic Initiatives
6.4.5. Henan Sicheng Co.
6.4.5.1. Participant’s Overview
6.4.5.2. Financial Performance
6.4.5.3. Product Benchmarking
6.4.5.4. Strategic Initiatives
6.4.6. Ltd, K. A Refractories Co., Ltd.
6.4.6.1. Participant’s Overview
6.4.6.2. Financial Performance
6.4.6.3. Product Benchmarking
6.4.6.4. Strategic Initiatives
6.4.7. Rubicon Technology
6.4.7.1. Participant’s Overview
6.4.7.2. Financial Performance
6.4.7.3. Product Benchmarking
6.4.7.4. Strategic Initiatives
6.4.8. Xingyang Jinbo Abrasive Co., Ltd.
6.4.8.1. Participant’s Overview
6.4.8.2. Financial Performance
6.4.8.3. Product Benchmarking
6.4.8.4. Strategic Initiatives
6.4.9. RSA LE RUBIS SA
6.4.9.1. Participant’s Overview
6.4.9.2. Financial Performance
6.4.9.3. Product Benchmarking
6.4.9.4. Strategic Initiatives
6.4.10. Zhengzhou Haixu Abrasives Co., Ltd.
6.4.10.1. Participant’s Overview
6.4.10.2. Financial Performance
6.4.10.3. Product Benchmarking
6.4.10.4. Strategic Initiatives
List of Tables
Table 1 List of Abbreviations
Table 2 Corundum Market Estimates And Forecasts, By Application, 2018 - 2030 (USD Million)
Table 3 Corundum Market Estimates And Forecasts, By Region, 2018 - 2030 (USD Million)
Table 4 North America Corundum Market Estimates And Forecasts, By Country, 2018 - 2030 (USD Million)
Table 5 North America Corundum Market Estimates And Forecasts, By Application, 2018 - 2030 (USD Million)
Table 6 U.S. Corundum Market Estimates And Forecasts, By Application, 2018 - 2030 (USD Million)
Table 7 Canada Corundum Market Estimates And Forecasts, By Application, 2018 - 2030 (USD Million)
Table 8 Mexico Corundum Market Estimates And Forecasts, By Application, 2018 - 2030 (USD Million)
Table 9 Europe Corundum Market Estimates And Forecasts, By Country, 2018 - 2030 (USD Million)
Table 10 Europe Corundum Market Estimates And Forecasts, By Application, 2018 - 2030 (USD Million)
Table 11 Germany Corundum Market Estimates And Forecasts, By Application, 2018 - 2030 (USD Million)
Table 12 France Corundum Market Estimates And Forecasts, By Application, 2018 - 2030 (USD Million)
Table 13 UK Corundum Market Estimates And Forecasts, By Application, 2018 - 2030 (USD Million)
Table 14 Asia Pacific Corundum Market Estimates And Forecasts, By Country, 2018 - 2030 (USD Million)
Table 15 Asia Pacific Corundum Market Estimates And Forecasts, By Application, 2018 - 2030 (USD Million)
Table 16 China Corundum Market Estimates And Forecasts, By Application, 2018 - 2030 (USD Million)
Table 17 India Corundum Market Estimates And Forecasts, By Application, 2018 - 2030 (USD Million)
Table 18 Japan Corundum Market Estimates And Forecasts, By Application, 2018 - 2030 (USD Million)
Table 19 Latin America Corundum Market Estimates And Forecasts, By Country, 2018 - 2030 (USD Million)
Table 20 Latin America Corundum Market Estimates And Forecasts, By Application, 2018 - 2030 (USD Million)
Table 21 Brazil Corundum Market Estimates And Forecasts, By Application, 2018 - 2030 (USD Million)
Table 22 Middle East & Africa Corundum Market Estimates And Forecasts, By Country, 2018 - 2030 (USD Million)
Table 23 Middle East & Africa Corundum Market Estimates And Forecasts, By Application, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 Market Segmentation
Fig. 2 Information Procurement
Fig. 3 Data Analysis Models
Fig. 4 Market Formulation and Validation
Fig. 5 Market Snapshot
Fig. 6 Segmental Outlook- Application, and Region
Fig. 7 Competitive Outlook
Fig. 8 Value Chain Analysis
Fig. 9 Market Dynamics
Fig. 10 Porter’s Analysis
Fig. 11 PESTEL analysis
Fig. 12 Corundum Market, By Application: Key Takeaways
Fig. 13 Corundum Market, By Application: Market Share, 2024 & 2030
Fig. 14 Jewelry Market, 2018 - 2030 (USD Million)
Fig. 15 Abrasives Market, 2018 - 2030 (USD Million)
Fig. 16 Refractories Market, 2018 - 2030 (USD Million)
Fig. 17 Others Market, 2018 - 2030 (USD Million)
Fig. 18 Corundum Market, By Region: Key Takeaways
Fig. 19 Corundum Market, By Region: Market Share, 2024 & 2030
Fig. 20 North America Corundum Market, 2018 - 2030 (USD Million)
Fig. 21 U.S. Corundum Market, 2018 - 2030 (USD Million)
Fig. 22 Canada Corundum Market, 2018 - 2030 (USD Million)
Fig. 23 Mexico Corundum Market, 2018 - 2030 (USD Million)
Fig. 24 Europe Corundum Market, 2018 - 2030 (USD Million)
Fig. 25 Germany Corundum Market, 2018 - 2030 (USD Million)
Fig. 26 France Corundum Market, 2018 - 2030 (USD Million)
Fig. 27 UK Corundum Market, 2018 - 2030 (USD Million)
Fig. 28 Asia Pacific Corundum Market, 2018 - 2030 (USD Million)
Fig. 29 China Corundum Market, 2018 - 2030 (USD Million)
Fig. 30 India Corundum Market, 2018 - 2030 (USD Million)
Fig. 31 Japan Corundum Market, 2018 - 2030 (USD Million)
Fig. 32 Latin America Corundum Market, 2018 - 2030 (USD Million)
Fig. 33 Brazil Corundum Market, 2018 - 2030 (USD Million)
Fig. 34 Middle East and Africa Corundum Market, 2018 - 2030 (USD Million)

Companies Mentioned

  • Alteo
  • MOTIM Electrocorundum Ltd.
  • RusAL
  • Greenland Ruby
  • Henan Sicheng Co.
  • Ltd, K. A Refractories Co., Ltd.
  • Rubicon Technology
  • Xingyang Jinbo Abrasive Co., Ltd.
  • RSA LE RUBIS SA
  • Zhengzhou Haixu Abrasives Co., Ltd

Methodology

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Table Information

Report AttributeDetails
No. of Pages100
PublishedDecember 2024
Forecast Period2024 - 2030
Estimated Market Value ( USD ) in 2024 $ 6.37 billion
Forecasted Market Value ( USD ) by 2030 $ 8.47 billion
Compound Annual Growth Rate5.1%
Regions CoveredGlobal
No. of Companies Mentioned10

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