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Corundum Market Growth, Forecast and Value Chain 2015-2025: FMI Estimate

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, ma
Global Corundum
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2015 - 2025
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Report Description
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
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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.
Report Description
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 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.
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
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Report Description
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.
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 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.
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