Corundum Market Report: Trends, Forecast and Competitive Analysis to 2030

Corundum Market Report: Trends, Forecast and Competitive Analysis to 2030

Corundum Trends and Forecast

The future of the global corundum market looks promising with opportunities in the jewelry, abrasive, refractory, mineral, and electrical & electronics markets. The global corundum market is expected to reach an estimated $3.29 billion by 2030 with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are growing demand from the electronics industry and rising adoption of artificial corundum in the jewelry sector.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Corundum by Segment

The study includes a forecast for the global corundum by type, application, and region.

Corundum Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Emery
• Ruby
• Sapphire

Corundum Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Jewelry
• Abrasive
• Refractory
• Mineral
• Electrical & Electronics
• Other

Corundum Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Corundum Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies corundum companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the corundum companies profiled in this report include-

• Indogems
• Gemfields
• Asahi Refining
• Southern Gems
• Vijay Strand Metals
• De Beers
• Parsons & Goltz Diamonds

Corundum Market Insights

Lucintel forecasts that emery is expected to witness the highest growth over the forecast period due to its abrasive properties and diverse applications.

Within this market, jewelry will remain the largest segment due to macro-level economic indicators and changing customer sentiments.

APAC is expected to witness highest growth over the forecast period due to rapid industrialization, large consumer base, and cultural significance in the region.

Features of the Global Corundum Market

Market Size Estimates: Corundum market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Corundum market size by type, application, and region in terms of value ($B).

Regional Analysis: Corundum market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the corundum market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the corundum market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the corundum market size?

Answer: The global corundum market is expected to reach an estimated $3.29 billion by 2030.

Q2. What is the growth forecast for corundum market?

Answer: The global corundum market is expected to grow with a CAGR of 3.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the corundum market?

Answer: The major drivers for this market are growing demand from the electronics industry and rising adoption of artificial corundum in the jewelry sector.

Q4. What are the major segments for corundum market?

Answer: The future of the corundum market looks promising with opportunities in the jewelry, abrasive, refractory, mineral, and electrical & electronics markets.

Q5. Who are the key corundum market companies?

Answer: Some of the key corundum companies are as follows:

• Indogems
• Gemfields
• Asahi Refining
• Southern Gems
• Vijay Strand Metals
• De Beers
• Parsons & Goltz Diamonds

Q6. Which corundum market segment will be the largest in future?

Answer: Lucintel forecasts that emery is expected to witness the highest growth over the forecast period due to its abrasive properties and diverse applications.

Q7. In corundum market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to rapid industrialization, large consumer base, and cultural significance in the region.

Q8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the corundum market by type (emery, ruby, and sapphire), application (jewelry, abrasive, refractory, mineral, electrical & electronics, and other), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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