Market Overview:
The global abrasive corondum market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for abrasives in various applications, such as furniture, electronic devices, and others. In terms of type, ruby is expected to hold a major share of the global abrasive corondum market during the forecast period. This can be attributed to its superior properties such as hardness and toughness when compared with other types of abrasives available in the market. In terms of application, furniture is expected to hold a major share of the global abrasive corondum market during the forecast period.
Product Definition:
Abrasive Corondum is a type of mineral that is used for grinding and polishing. It is a hard, durable mineral that can withstand high temperatures.
Ruby:
The global abrasive corondum market size was valued at USD 6.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period on account of increasing demand from end-use industries such as automotive, aerospace, construction equipment and machinery, marine equipment and appliances industry among others.
Sapphire:
Sapphire is a mineral, which is also called as corundum. It's color ranges from purest white to near-violet and has a hardness of 9 on Moh's scale. Corundum can be used in applications ranging from abrasives for glass and ceramics to high-grade engineering materials. The major application of sapphire is in the production of abrasive corondum or silicon carbide (SiC).
Application Insights:
Furniture was the dominant application segment and accounted for a revenue share of more than 50.0% in 2017. The product is widely used in the furniture industry owing to its ability to remove scratches from wood, plastic and other surfaces with ease. In addition, it also has the ability to provide an ultra-fine finish which makes it suitable for use on highly decorative as well as functional furniture pieces.
Electronic devices are expected to be one of the fastest growing segments over the forecast period owing to rising demand for abrasion products that are capable of handling daily usage without causing any harm or damage to surrounding components or surfaces. Sapphire abrasives deliver superior results when compared with their counterparts while using same amount of effort during cleaning operations which is likely goingto have a positive impact on segment growth over next few years.
The others segment includes household applications such as glass, crockery.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of 4.8% over the forecast period, owing to increasing product demand from various end-use industries such as automotive, electronics and others. In North America, Mexico is anticipated to be one of the major markets for abrasive corondum with a revenue share of around 40%. This can be attributed to growing automobile production in this region which has led to an increase in electronic devices manufacturing as well.
Asia Pacific is projected to expand at a CAGR exceeding 6% during the same period due its rapid industrialization along with increasing foreign investments especially from China.
Growth Factors:
- Increasing demand from end-use industries such as automotive, aerospace, and construction
- Growing popularity of abrasive corundum in grinding and polishing applications
- Rising investments by key players in R&D to develop new and innovative products
- Expansion of distribution networks by leading players to cater to the growing demand for abrasive corundum globally
- Growing awareness about the benefits of using abrasive corundum among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Abrasive Corondum Market Research Report
By Type
Ruby, Sapphire, Emery
By Application
Furniture, Electronic Devices, Others
By Companies
Riken Corundum Company Limited, Xingyang Jinbo Abrasives Company Limited, Yixing Haiyu Refractory Materials Company Limited, EK Company GmbH and Company, Mineralmhle Leun Rau GmbH and Company KG, Henan Sicheng Company Limited, KA Refractories Company Limited, LD International Abrasives Limited
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
220
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Abrasive Corondum Market Report Segments:
The global Abrasive Corondum market is segmented on the basis of:
Types
Ruby, Sapphire, Emery
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Furniture, Electronic Devices, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Riken Corundum Company Limited
- Xingyang Jinbo Abrasives Company Limited
- Yixing Haiyu Refractory Materials Company Limited
- EK Company GmbH and Company
- Mineralmhle Leun Rau GmbH and Company KG
- Henan Sicheng Company Limited
- KA Refractories Company Limited
- LD International Abrasives Limited
Highlights of The Abrasive Corondum Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ruby
- Sapphire
- Emery
- By Application:
- Furniture
- Electronic Devices
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Abrasive Corondum Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Abrasive corundum is a type of abrasive that is used in the manufacturing of tools, cutting and grinding materials. It is also used as a gemstone.
Some of the key players operating in the abrasive corondum market are Riken Corundum Company Limited, Xingyang Jinbo Abrasives Company Limited, Yixing Haiyu Refractory Materials Company Limited, EK Company GmbH and Company, Mineralmhle Leun Rau GmbH and Company KG, Henan Sicheng Company Limited, KA Refractories Company Limited, LD International Abrasives Limited.
The abrasive corondum market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Abrasive Corondum Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Abrasive Corondum Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Abrasive Corondum Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Abrasive Corondum Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Abrasive Corondum Market Size & Forecast, 2020-2028 4.5.1 Abrasive Corondum Market Size and Y-o-Y Growth 4.5.2 Abrasive Corondum Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Ruby
5.2.2 Sapphire
5.2.3 Emery
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Furniture
6.2.2 Electronic Devices
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Abrasive Corondum Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Abrasive Corondum Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Ruby
9.6.2 Sapphire
9.6.3 Emery
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Furniture
9.10.2 Electronic Devices
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Ruby
10.6.2 Sapphire
10.6.3 Emery
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Furniture
10.10.2 Electronic Devices
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Ruby
11.6.2 Sapphire
11.6.3 Emery
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Furniture
11.10.2 Electronic Devices
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Ruby
12.6.2 Sapphire
12.6.3 Emery
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Furniture
12.10.2 Electronic Devices
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Ruby
13.6.2 Sapphire
13.6.3 Emery
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Furniture
13.10.2 Electronic Devices
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Abrasive Corondum Market: Competitive Dashboard
14.2 Global Abrasive Corondum Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Riken Corundum Company Limited
14.3.2 Xingyang Jinbo Abrasives Company Limited
14.3.3 Yixing Haiyu Refractory Materials Company Limited
14.3.4 EK Company GmbH and Company
14.3.5 Mineralmhle Leun Rau GmbH and Company KG
14.3.6 Henan Sicheng Company Limited
14.3.7 KA Refractories Company Limited
14.3.8 LD International Abrasives Limited