Corundum Market Size, Analysis, and Forecast Report
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Corundum market growth and forecast 2015 2025

Corundum Market Size, Analysis, and Forecast Report

2015-2025

November 2016

Report Id : REP-GB-321

Status : Ongoing

Category : Energy, Mining, Oil, and Gas

©2015 Future Market Insights, All Rights Reserved


Corundum market growth and forecast 2015 2025

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Corundum market growth and forecast 2015 2025

Research Methodology (1/2)

Systematic Research Approach

1

In-depth secondary research is used to

ascertain overall market size, top

industry players, top products, industry

associations, etc.

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Coverage across value chain

Formulating discussion guide

3

A

PMR develops a list of industry players

(manufacturers), distributors, retailers

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Primary

Research

Key industry experts

Channel study

Developments

Market dynamics

Products

Conclusions

Developing list of respondents

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4

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experts, industry players, distributors

and retailers

SOLUTION

Desk

Research

Data collection

Market participants

Key strengths

Product portfolio

Mapping as per value chain

Key focus segments

C

Company

Analysis

Data is validated by triangulation

method, wherein secondary, primary

and PMR analysis contribute to the final

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5

Data validation

6

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Corundum market growth and forecast 2015 2025

Corundum Market

Corundum Market Size, Analysis, and Forecast Report 2015-2025

Corundum is a class of minerals, best known for the gem varieties such as ruby and sapphire, which are

essentially the same mineral albeit of different colors. Corundum is a hard and highly stable mineral. It is

the hardest mineral after diamond, making it the world’s second hardest mineral for all practical purpose.

Chemically Corundum is nothing but aluminum oxide and it can be easily synthesized industrially.

Synthetic corundum can be manufactured by adding small quantities of color producing elements to the

solution of Corundum, which is then left to solidify in a predetermined shape. The process of synthetic

production of Corundum is known as Verneuil Process. Corundum minerals are available in different

colors. The most common varieties of Corundum are Emery (Black), Padparadschah (Pink and orange

variety of Sapphire), Ruby (Pink or red), Green Sapphire, Blue Sapprihe, Star Ruby, and Star Sapphire

among some others.

The main application of Corundum is as precious stones. The gemstones that fall under Corundum

minerals are perhaps the most sought after precious stones after diamond. Apart from the highly popular

Red Rubies and Blue Sapphires, rare gemstones such as Padparadschah have witnessed an increasing

demand in the jewellery market owing to its uncommon color. Non gem Corundum such as black Emery

finds use as abrasive owing to its natural hardness. Brown Corundum is used as deburring agent due to

its ability to smoothen ragged edges. It is also used for sand blasting, grinding and plunge cutting. White

Corundum are less hard and more angular compared to its brown counterpart. However it exhibits faster

rate of work and produce less heat upon friction. It is often used to polish glass. White Corundum also

finds applications in vitrified grinding wheels, as sharpening agent for cutting tools, and precision milling

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Corundum market growth and forecast 2015 2025

Corundum Market

equipments among other similar applications. The market for synthetically produced Corundum is driven

by these industrial abrasion applications. The gemstone market is however driven by natural Corundum

which are mined and processed.

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Although the gem and jewellery market accounts for a constant demand for Corundum minerals, price

fluctuation of the jewellery grade Corundum is a major restraining factor for the market. Moreover the

political turmoil in certain African countries such as Madagascar and the ban on the export of precious

gems in Myanmar contribute towards the gap in demand supply chain.

North America is one of the largest markets for Corundum, and there is a huge demand for artificial

Corundum in the region due to the lack of natural occurrence. Europe also accounts for a considerable

demand for the mineral. The demand is especially high from the manufacturing economies in the region

such as Germany, Turkey and the U.K. In the Asia Pacific China is a major producer and consumer of

artificial Corundum. Other than China countries such as India, Thailand, Korea and Japan are the major

manufacturers of Corundum.

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Natural Corundum is mined from several countries such as Myanmar, India, Thailand, Afghanistan,

Cambodia, Sri Lanka and Vietnam. In the recent years some of the African countries have turned out to

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Corundum market growth and forecast 2015 2025

Corundum Market

be significant producers of Corundum. Madagascar is especially rich in this mineral. Apart from

Madagascar they are found in abundance in the Kilimanjaro region of Tanzania. Emery is also found in

North American countries including the U.S. and Canada.

Some of the players in the Corundum market are K.A. Refractories Co. Ltd., Swarovski Gemstones, Alteo

Alumina, Henge Group and Riken corundum Co. Ltd. among many others.

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Corundum market growth and forecast 2015 2025

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