The global demand for Abrasive Corundum Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Abrasive Corundum is a crystal form of alumina used largely in the machining of metals for abrasion. It is an extremely hard material used in various cutting, polishing and grinding applications. Corundum is used to make sandpaper, milling of precision tools, sandblasting and deburring. The high melting point character of abrasive corundum makes it a suitable option for use in refractories. Corundum occurs naturally but can be synthetically manufactured as well. It is also used to make bearings in instruments and high-end watches. Additional utilities of corundum include the manufacture of devices used at checkout counters based on optical scanning and in light-emitting lasers.
The abrasion industry is the major driver for the growth of the corundum market. Rapid urbanization and industrialization have led to the growing demand for this highly hard material. The growing innovative technologies in the electronics industry and the need for scratch-resistant materials in the manufacture of devices will boost the growth of this market. Growing awareness about this highly durable material along with its high refractive power will boost the demand in the refractory industry. covid-19 pandemic will not have any major impact on the growth of this market since this is a material confined to specific uses. The key factors that can restraint this market is the high costs involved in the mining of natural corundum and political uncertainty in areas of its occurrence.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of abrasive corundum.
The entire abrasive corundum market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Electronic Devices
This section covers regional segmentation which accentuates on current and future demand for abrasive corundum market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Abrasive Corundum Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the abrasive corundum market include Riken Corundum Company Limited, Xingyang Jinbo Abrasives Company Limited, EK Company GmbH and Company, Mineralmhle Leun Rau GmbH and Company KG, Yixing Haiyu Refractory Materials Company Limited, LD International Abrasives Limited, Henan Sicheng Company Limited, KA Refractories Company Limited. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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