The main component of Abrasive Corondum is Al2O3, which has medium hardness, high toughness, sharp particles, and relatively low price. It is suitable for processing metals with high tensile strength. Microcrystalline corundum abrasive and black corundum abrasive are their derivatives.
Market Analysis and Insights: Global Abrasive Corondum Market
Due to the COVID-19 pandemic, the global Abrasive Corondum market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Ruby accounting for % of the Abrasive Corondum global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Furniture segment is altered to an % CAGR throughout this forecast period.
North America Abrasive Corondum market is estimated at US$ million in 2021, while Europe is forecast to reach US$ million by 2028. The proportion of the North America is % in 2021, while Europe percentage is %, and it is predicted that Europe share will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. As for the Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
The global major manufacturers of Abrasive Corondum include 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 and LD International Abrasives Limited, etc. In terms of revenue, the global 3 largest players have a % market share of Abrasive Corondum in 2021.
Global Abrasive Corondum Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market's growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert's opinions have been taken to understand the market better.
Global Abrasive Corondum Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Ruby
Sapphire
Emery
Segment by Application
Furniture
Electronic Devices
Others
By Company
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
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina