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Corundum Market Size, Share & Trends Analysis Report By Application (Jewelry, Abrasive, Refractory), By Region (APAC, Europe, North America, Central & South America, MEA), And Segment Forecasts, 2020 - 2027

August 2020 | 122 pages | ID: C7E34B6C1F8DEN
Grand View Research, Inc.

US$ 5,950.00

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Corundum Market Growth & Trends
The global corundum market size is estimated to reach USD 3.5 billion by 2027 registering a CAGR of 4.0%, according to a new report by Grand View Research, Inc. 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
  • Abrasives application segment, in terms of volume, is projected to remain the dominant category over the forecast period. The hard nature of corundum aids its implementation as an abrasive product
  • However, in terms of revenue, jewelry application is anticipated to be the dominant segment over the forecast period
  • High demand for colored gems including ruby and sapphire is projected to boost segment growth
  • Refractory application category is likely to witness the fastest CAGR, in terms of revenue as well as volume, over the predicted timeline
  • Europe is projected to remain among the most prominent regional markets over the forecast period. The presence of a well-established retail jewelry industry in Europe will drive the regional market
  • Asia Pacific is projected to be the fastest-growing regional market, in terms of revenue, over the forecast period
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. GVR’s 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 Outlook
2.2. Segmental Outlook
2.3. Competitive Insights

CHAPTER 3. MARKET VARIABLES, TRENDS, AND SCOPE

3.1. Penetration & Growth Prospect Mapping
3.2. Industry Value Chain Analysis
  3.2.1. Major Raw Material Trends Analysis
3.3. Regulatory Framework
3.4. Technology Framework
3.5. Corundum Market - Market Dynamics
  3.5.1. Market Driver Analysis
  3.5.2. Market Restraint Analysis
  3.5.3. Industry Challenges
3.6. Business Environmental Tools Analysis: Corundum Market
  3.6.1. Porter’s Five Forces Analysis
    3.6.1.1. Bargaining Power of Suppliers
    3.6.1.2. Bargaining Power of Buyers
    3.6.1.3. Threat of Substitution
    3.6.1.4. Threat of New Entrants
    3.6.1.5. Competitive Rivalry
  3.6.2. PESTLE Analysis
    3.6.2.1. Political Landscape
    3.6.2.2. Economic Landscape
    3.6.2.3. Social Landscape
    3.6.2.4. Technology Landscape
    3.6.2.5. Environmental Landscape
    3.6.2.6. Legal Landscape
3.7. Major Strategic Deals & Alliances

CHAPTER 4. CORUNDUM MARKET: SUPPLY TREND ANALYSIS

4.1. Definition & Scope
4.2. Supply Movement Analysis, 2016 & 2019
4.3. Supply Trend Analysis, by Countries, 2016 - 2019
  4.3.1. India
  4.3.2. Sri Lanka
  4.3.3. Myanmar
  4.3.4. Thailand

CHAPTER 5. CORUNDUM MARKET: APPLICATION ESTIMATES & TREND ANALYSIS

5.1. Corundum Market: Application Movement Analysis, 2019 & 2027
5.2. Jewelry
  5.2.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.3. Abrasive
  5.3.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.4. Refractory
  5.4.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.5. Others
  5.5.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)

CHAPTER 6. CORUNDUM MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

6.1. Regional Movement Analysis & Market Share, 2019 & 2027
6.2. Corundum market: Regional movement analysis, 2019 & 2027
6.3. North America
  6.3.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
  6.3.2. Market estimates and forecasts, by Application, 2016 - 2027 (Kilotons) (USD Million)
  6.3.3. The U.S.
    6.3.3.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
    6.3.3.2. Market estimates and forecasts, by Application, 2016 - 2027 (Kilotons) (USD Million)
6.4. Europe
  6.4.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
  6.4.2. Market estimates and forecasts, by Application, 2016 - 2027 (Kilotons) (USD Million)
  6.4.3. Germany
    6.4.3.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
    6.4.3.2. Market estimates and forecasts, by Application, 2016 - 2027 (Kilotons) (USD Million)
  6.4.4. France
    6.4.4.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
    6.4.4.2. Market estimates and forecasts, by Application, 2016 - 2027 (Kilotons) (USD Million)
6.5. Asia Pacific
  6.5.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
  6.5.2. Market estimates and forecasts, by Application, 2016 - 2027 (Kilotons) (USD Million)
  6.5.3. China
    6.5.3.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
    6.5.3.2. Market estimates and forecasts, by Application, 2016 - 2027 (Kilotons) (USD Million)
  6.5.4. India
    6.5.4.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
    6.5.4.2. Market estimates and forecasts, by Application, 2016 - 2027 (Kilotons) (USD Million)
6.6. Central & South America
  6.6.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
  6.6.2. Market estimates and forecasts, by Application, 2016 - 2027 (Kilotons) (USD Million)
  6.6.3. Brazil
    6.6.3.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
    6.6.3.2. Market estimates and forecasts, by Application, 2016 - 2027 (Kilotons) (USD Million)
6.7. Middle East & Africa
  6.7.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
  6.7.2. Market estimates and forecasts, by Application, 2016 - 2027 (Kilotons) (USD Million)

CHAPTER 7. COMPETITIVE LANDSCAPE

7.1. Key Global Players, Their Initiatives, & Its Impact on the Market
7.2. Vendor Landscape
7.3. Company Market Position Analysis
7.4. Company Dashboard Analysis
7.5. Strategic Framework

CHAPTER 8. COMPANY PROFILES

8.1. Alteo
  8.1.1. Company overview
  8.1.2. Financial performance
  8.1.3. Product benchmarking
  8.1.4. Strategic initiatives
8.2. MOTIM Electrocorundum Ltd.
  8.2.1. Company overview
  8.2.2. Financial performance
  8.2.3. Product benchmarking
  8.2.4. Strategic initiatives
8.3. RusAL
  8.3.1. Company overview
  8.3.2. Financial performance
  8.3.3. Product benchmarking
  8.3.4. Strategic initiatives
8.4. Greenland Ruby
  8.4.1. Company overview
  8.4.2. Financial performance
  8.4.3. Product benchmarking
  8.4.4. Strategic initiatives
8.5. Henan Sicheng Co., Ltd
  8.5.1. Company overview
  8.5.2. Financial performance
  8.5.3. Product benchmarking
  8.5.4. Strategic initiatives
8.6. K. A Refractories Co.,Ltd.
  8.6.1. Company overview
  8.6.2. Financial performance
  8.6.3. Product benchmarking
  8.6.4. Strategic initiatives
8.7. Rubicon Technology
  8.7.1. Company overview
  8.7.2. Financial performance
  8.7.3. Product benchmarking
  8.7.4. Strategic initiatives
8.8. Xingyang Jinbo Abrasive Co., Ltd.
  8.8.1. Company overview
  8.8.2. Financial performance
  8.8.3. Product benchmarking
  8.8.4. Strategic initiatives
8.9. RSA LE RUBIS SA
  8.9.1. Company overview
  8.9.2. Financial performance
  8.9.3. Product benchmarking
  8.9.4. Strategic initiatives
8.10. Arteka
  8.10.1. Company overview
  8.10.2. Financial performance
  8.10.3. Product benchmarking
  8.10.4. Strategic initiatives

LIST OF TABLES

1. Corundum estimates and forecasts for jewelry, 2016 - 2027 (Kilotons) (USD Million)
2. Corundum estimates and forecasts for abrasive, 2016 - 2027 (Kilotons) (USD Million)
3. Corundum estimates and forecasts for refractory, 2016 - 2027 (Kilotons) (USD Million)
4. Corundum estimates and forecasts for others, 2016 - 2027 (Kilotons) (USD Million)
5. North America corundum estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
6. North America corundum estimates and forecasts, by Application, 2016 - 2027 (Kilotons) (USD Million)
7. The U.S. corundum estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
8. The U.S. corundum estimates and forecasts, by Application, 2016 - 2027 (Kilotons) (USD Million)
9. Europe corundum estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
10. Europe corundum estimates and forecasts, by Application, 2016 - 2027 (Kilotons) (USD Million)
11. Germany corundum estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
12. Germany corundum estimates and forecasts, by Application, 2016 - 2027 (Kilotons) (USD Million)
13. France corundum estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
14. France corundum estimates and forecasts, by Application, 2016 - 2027 (Kilotons) (USD Million)
15. Asia Pacific corundum estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
16. Asia Pacific corundum estimates and forecasts, by Application, 2016 - 2027 (Kilotons) (USD Million)
17. China corundum estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
18. China corundum estimates and forecasts, by Application, 2016 - 2027 (Kilotons) (USD Million)
19. India corundum estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
20. India corundum estimates and forecasts, by Application, 2016 - 2027 (Kilotons) (USD Million)
21. Central & South America corundum estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
22. Central & South America corundum estimates and forecasts, by Application, 2016 - 2027 (Kilotons) (USD Million)
23. Brazil corundum estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
24. Brazil corundum estimates and forecasts, by Application, 2016 - 2027 (Kilotons) (USD Million)
25. Middle East & Africa corundum estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
26. Middle East & Africa corundum estimates and forecasts, by Application, 2016 - 2027 (Kilotons) (USD Million)

LIST OF FIGURES

1. Corundum market - Market segmentation & scope
2. Information procurement
3. Primary research pattern
4. Primary research process
5. Primary research approaches
6. Corundum market - Market snapshot
7. Corundum market - Penetration & growth prospect mapping
8. Corundum market - Industry value chain analysis
9. Corundum market - Market dynamics
10. Market driver impact analysis
11. Market restraint impact analysis
12. Corundum market: Application movement analysis, 2019 & 2027
13. Corundum market: Regional snapshot, 2019 & 2027
14. Corundum market: Regional movement analysis, 2019 & 2027
15. Company market positioning
16. Company dashboard analysis
17. Strategy framework


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