Corundum Market

By Type;

Ruby, Emery and Sapphire

By Application;

Jewelry, Abrasives, Refractory and Minerals

By Geography;

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

Corundum Market Overview

Corundum Market (USD Million)

Corundum Market was valued at USD 21,149.81 million in the year 2024. The size of this market is expected to increase to USD 29,759.90 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.0%.


Corundum Market

*Market size in USD million

CAGR 5.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.0 %
Market Size (2024)USD 21,149.81 Million
Market Size (2031)USD 29,759.90 Million
Market ConcentrationMedium
Report Pages383
21,149.81
2024
29,759.90
2031

Major Players

  • Vijay Strand Metals
  • Asahi Refining
  • Parsons & Goltz Diamonds, Inc
  • L.E. Waters & Company
  • Southern Gems
  • Choueifaty & Co USA
  • Sarin Technologies
  • De Beers
  • Gemfields
  • Indogems

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Corundum Market

Fragmented - Highly competitive market without dominant players


The corundum market continues to grow due to its remarkable hardness and wide industrial relevance. Known as the second hardest mineral after diamond, corundum is extensively applied in abrasives, electronics, and luxury gemstones. Approximately 55% of the market demand comes from industrial applications, where its strength ensures superior performance in polishing, grinding, and shaping processes.

Growing Popularity in Gemstones
Corundum holds a significant position in the gemstone industry, particularly as sapphires and rubies, contributing nearly 30% to overall demand. Increasing consumer interest in durable jewelry and high-value luxury products is strengthening this market. With its brilliance and high refractive index, corundum is one of the most sought-after materials for premium gemstone applications.

Applications in Electronics
Electronics represent a fast-expanding avenue for corundum, accounting for around 25% of consumption. Its thermal resistance and durability make it ideal for substrates, LEDs, and optical components. As demand for advanced electronic devices increases, the role of corundum in high-performance technologies is becoming increasingly critical.

Role in Abrasives and Tools
Industrial abrasives and cutting tools utilize close to 45% of corundum production. With its robust wear resistance, corundum ensures efficiency in shaping and finishing hard materials across industries. Rising dependence on precision tools in construction, automotive, and manufacturing is further strengthening its demand in this sector.

Market Outlook
The corundum market shows promising potential, with its applications expanding across gemstones, electronics, and industrial processes. Advancements in synthetic corundum are contributing to greater adoption, improving both quality and availability. Over 40% of new innovations now focus on synthetic varieties, ensuring continued momentum and a stronger presence in diverse applications.

  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. 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. Corundum Market, By Type, 2021 - 2031 (USD Million)
      1. Ruby
      2. Emery
      3. Sapphire
    2. Corundum Market, By Application, 2021 - 2031 (USD Million)
      1. Jewelry
      2. Abrasives
      3. Refractory
      4. Minerals
    3. 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. Alteo / Alteo Alumina
      2. RUSAL
      3. Imerys Performance Minerals (Imerys)
      4. Saint-Gobain Abrasives (including Norton Abrasives)
      5. Gemfields
      6. Henge (HENGE Services GmbH)
      7. K. A. Refractories Co. Ltd
      8. Riken Corundum Co. Ltd
      9. Henan Sicheng Co.
      10. Ceram Intertrade
      11. Changzhou Sunai Metallurgical Refractories
      12. EK-Company
      13. Minermühle Leun, Rau GmbH & Co. KG (also cited as Rau GmbH & Co. KG / Mineralmühle Leun, Rau GmbH & Co. KG)
      14. Swarovski Gemstone
      15. United States Borax
  7. Analyst Views
  8. Future Outlook of the Market