Global Corundum Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Emery, Ruby, and Sapphire.

By Application;

Jewellery, Abrasive, Refractory, Mineral, Electrical & Electronics, and Other Applications.

By Geography;

North America, Europe, Asia Pacific, Middle East, Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn437131073 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Corundum Market (USD Million), 2021 - 2031

In the year 2023, the Global Corundum Market was valued at USD 20,142.68 million. The size of this market is expected to increase to USD 28,342.77 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 5.0%.

The global corundum market has been experiencing significant growth, driven by its extensive applications across various industries. Corundum, an exceptionally hard mineral composed primarily of aluminum oxide, is highly valued for its durability and resistance to scratching, making it a vital component in the production of abrasives, cutting tools, and grinding wheels. The increasing demand for high-performance materials in sectors such as manufacturing, construction, and automotive has further fueled the market's expansion. The rising popularity of synthetic corundum, which offers similar properties to its natural counterpart but at a lower cost, has also contributed to the market's growth.

One of the key factors propelling the global corundum market is the booming electronics industry. Corundum's superior thermal and electrical insulating properties make it an essential material in the production of electronic components, such as substrates for semiconductors and insulating layers in integrated circuits. The rapid advancements in technology and the proliferation of electronic devices, including smartphones, tablets, and wearable gadgets, have significantly increased the demand for high-quality corundum. The ongoing trend towards miniaturization and the need for more efficient thermal management solutions in electronics continue to drive the market's expansion.

The jewelry industry also plays a crucial role in the global corundum market. Synthetic corundum, particularly in the form of sapphires and rubies, is extensively used in the creation of gemstones due to its vibrant colors and exceptional hardness. The growing consumer preference for affordable yet aesthetically pleasing gemstones has led to a surge in demand for synthetic corundum in jewelry manufacturing. The increasing popularity of lab-grown gemstones, which are considered more sustainable and ethical compared to mined gemstones, is expected to further boost the market. With continuous innovations and the development of new applications, the global corundum market is poised for steady growth in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Corundum Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Globalization of Business Operations

        2. Remote Work Trends

        3. Need for Multicultural Communication Skills

      2. Restraints
        1. Language Learning Barriers

        2. Accessibility and Connectivity Issues

        3. Resistance to Change in Learning Culture

      3. Opportunities
        1. Advancements in Technology

        2. Personalized Learning Solutions

        3. Market Expansion in Emerging Economies

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Corundum Market, By Product Type, 2021 - 2031 (USD Million)
      1. Emery
      2. Ruby
      3. Sapphire
    2. Global Corundum Market, By Application, 2021 - 2031 (USD Million)
      1. Jewellery
      2. Abrasive
      3. Refractory
      4. Mineral
      5. Electrical & Electronics
      6. Other Applications
    3. Global Corundum Market, By Geography, 2021 - 2031 (USD Million)
      1. North America

        1. United States

        2. Canada

      2. Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Nordic

        7. Benelux

        8. Rest of Europe

      3. Asia Pacific

        1. Japan

        2. China

        3. India

        4. Australia/New Zealand

        5. South Korea

        6. ASEAN

        7. Rest of Asia Pacific

      4. Middle East & Africa

        1. GCC

        2. Israel

        3. South Africa

        4. Rest of Middle East & Africa

      5. Latin America

        1. Brazil

        2. Mexico

        3. Argentina

        4. Rest of Latin America

  6. Competitive Landscape
    1. Company Profiles
      1. Vijay Strand Metals
      2. Asahi Refining
      3. Parsons & Goltz Diamonds, Inc
      4. L.E. Waters & Company
      5. Southern Gems
      6. Choueifaty & Co USA
      7. Sarin Technologies
      8. De Beers
      9. Gemfields
      10. Indogems
  7. Analyst Views
  8. Future Outlook of the Market