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Global Corondum Market

  • Published Date: 30 Sep 2018
  • Number of Pages: 190
  • Category: Chemicals
  • Country: Global
Corundum is a class of minerals, which is best known for the varieties of gems like - ruby and sapphire, which are similar materials but have different colour. Corundum is a hard stable mineral. It is one of the hardest minerals after diamond. Corundum is kind ofaluminium oxide and hence can be synthesized industrially. The process of producing corundum synthetically is called Verneuil Process. Corundum minerals are available in many different colours. The most common ones are ruby (red), Emery (Black), sapphire (blue), Padparadschah (Pink and orange), Green Sapphire, Star Ruby, etc.
Corundum is most sought after stone after diamond and finds most of the application as a precious stone. Apart from Ruby & sapphire, Emery is also extremely popular. Brown corundum, because of its ability to smoothen ragged edgesis used as deburring agent.Corundum is also used for grinding, sand blasting and plunge cutting.

Market Dynamics

The Global Corundum Market was estimated at $19.71 billion in 2016 and is projected to grow at CAGR of 6.7%, to reach to $27.25 billion by 2020. Asia-Pacific is the largest growing region globally, with China being the major consumer as well as producer of artificial corundum. With China, Japan, Thailand, Korea and India are also some of the largest manufacturers of corundum.

Although the jewellery and gem market accounts for a continuous and steady demand for Corundum, but price fluctuation and market regulationsare a major restraining factor for the market.

Market Segmentation

Corundum can be mainly classified into Sapphire and Ruby including Emery and Padparadscha stones. Corundumhas several applications, Ruby for example is widely used in jewellery, while Sapphire is used in refractory substancesand LEDs. To meet the ever growing demand and compensate for non-occurrence of the material in certain regions, corundum is being manufactured artificially as well.

Regional/Geographic Analysis

North America is amongst the largest markets for Corundum, and given the fact that there islack of natural occurrence, demand for artificial Corundum in this particular region is really huge and is expected to grow significantly over the years to come.North America is then followed by Europe, which stands as the second largest market by demand for the mineral.

In the recent years, substantial growth in demand has come from emerging & specially manufacturing economies like - Turkey, Japan, China, Thailand, Korea, India, etc.

Key Players

The major players in the global market for Corundum are K.A. Refractories Co. Ltd., Alteo Alumina, Henge Group, Swarovski Gemstones, and Riken corundum Co. Ltd. Along with many other small players.

Report Contents:

> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe

> Eastern Europe

>> Russia
>> Poland
>> Rest of Eastern Europe

> Asia Pacific

>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage

Publisher Name : Market Litmus

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