Corundum Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Corundum is a form of aluminum oxide and is one of the hardest known minerals after diamonds. Artificial corundum can be manufactured as a specialty product. It can be obtained by slow accretion and controlled growth on a boule in an ox-hydrogen flame, mainly known as the Verneuil process. It is also a rock-forming mineral. Corundum is used for grinding optical glass and polishing metals and has also been made into sandpapers and grinding wheels.

MARKET DYNAMICS

The corundum market has witnessed a significant growth owing to factors such as growing demand for artificial corundum in the jewelry sector. Moreover, the increasing disposable income provides a huge market opportunity for the key players operating in the corundum market. However, displaying the stone's vibrancy, the cut of sapphires and rubies is not as critical as that for diamond that is projected to hamper the overall growth of the corundum market.

MARKET SCOPE

The "Global Corundum Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the corundum market with detailed market segmentation type, application and geography. The global corundum market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading corundum market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global corundum market is segmented on the basis of type and application. On the basis of type, the global corundum market is divided into emery, padparadschah, ruby , green sapphire, blue sapphire and others. On the basis of application, the global corundum market is divided into ornaments, mechanical parts, scratch resistant optics, sand blasting and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global corundum market based on various segments. It also provides marketsize and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The corundum market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

`The report analyzes factors affecting the corundum market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the corundum market in these regions.

Corundum Market Report Analysis

Corundum Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Alteo Alumina Riken Corundum Co. Ltd
• Swarovski Gemstones
• Henge Group
• K.A. Refractories Co. Ltd
• Zhongtian Special Alumina Co., Ltd
• Retek LTD
• Xinyang Jinbo Abrasives Co., Ltd
• Rock and Gem company Ltd.
• Others

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Type

• Emery
• Padparadschah
• Ruby
• Green sapphire
• Blue sapphire

By Application

• Ornaments
• Mechanical parts
• Scratch resistant optics
• Sand blasting

MARKET PLAYERS

The reports cover key developments in the corundum market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of marketplayers. The marketpayers from corundum market is anticipated to lucrative growth opportunities in the future with the rising demand for corundum in the global market. Below mentioned is the list of few companies engaged in the corundum market.

The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the corundum market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Alteo Alumina Riken Corundum Co. Ltd
  
•   Swarovski Gemstones
  
•   Henge Group
  
•   K.A. Refractories Co. Ltd
  
•   Zhongtian Special Alumina Co., Ltd
  
•   Retek LTD
  
•   Xinyang Jinbo Abrasives Co., Ltd
  
•   Rock & Gem company Ltd.
  
•   Others
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Corundum Market Report Scope