Corundum Market Insights and Growth by 2031
Corundum is a form of aluminum oxide and is one of the hardest known minerals after diamonds. Artificial corundum can be manufactured as a specialty product. It can be obtained by slow accretion and controlled growth on a boule in an ox-hydrogen flame, mainly known as the Verneuil process. It is also a rock-forming mineral. Corundum is used for grinding optical glass and polishing metals and has also been made into sandpapers and grinding wheels.
MARKET DYNAMICS
The corundum market has witnessed a significant growth owing to factors such as growing demand for artificial corundum in the jewelry sector. Moreover, the increasing disposable income provides a huge market opportunity for the key players operating in the corundum market. However, displaying the stone's vibrancy, the cut of sapphires and rubies is not as critical as that for diamond that is projected to hamper the overall growth of the corundum market.
MARKET SCOPE
The "Global Corundum Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the corundum market with detailed market segmentation type, application and geography. The global corundum market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading corundum market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global corundum market is segmented on the basis of type and application. On the basis of type, the global corundum market is divided into emery, padparadschah, ruby , green sapphire, blue sapphire and others. On the basis of application, the global corundum market is divided into ornaments, mechanical parts, scratch resistant optics, sand blasting and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global corundum market based on various segments. It also provides marketsize and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The corundum market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
`The report analyzes factors affecting the corundum market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the corundum market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global corundum market based on various segments. It also provides marketsize and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The corundum market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
`The report analyzes factors affecting the corundum market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the corundum market in these regions.
MARKET PLAYERS
The reports cover key developments in the corundum market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of marketplayers. The marketpayers from corundum market is anticipated to lucrative growth opportunities in the future with the rising demand for corundum in the global market. Below mentioned is the list of few companies engaged in the corundum market.
The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the corundum market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Alteo Alumina Riken Corundum Co. Ltd
- Swarovski Gemstones
- Henge Group
- K.A. Refractories Co. Ltd
- Zhongtian Special Alumina Co., Ltd
- Retek LTD
- Xinyang Jinbo Abrasives Co., Ltd
- Rock & Gem company Ltd.
- Others
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Corundum Market - By Type
1.3.2Corundum Market - By Application
1.3.3Corundum Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.CORUNDUM MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.CORUNDUM MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.CORUNDUM MARKET - GLOBAL MARKET ANALYSIS
6.1.CORUNDUM - GLOBAL MARKET OVERVIEW
6.2.CORUNDUM - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.CORUNDUM MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.EMERY
7.3.1.Overview
7.3.2.Emery Market Forecast and Analysis
7.4.PADPARADSCHAH
7.4.1.Overview
7.4.2.Padparadschah Market Forecast and Analysis
7.5.RUBY
7.5.1.Overview
7.5.2.Ruby Market Forecast and Analysis
7.6.GREEN SAPPHIRE
7.6.1.Overview
7.6.2.Green sapphire Market Forecast and Analysis
7.7.BLUE SAPPHIRE
7.7.1.Overview
7.7.2.Blue sapphire Market Forecast and Analysis
7.8.OTHERS
7.8.1.Overview
7.8.2.Others Market Forecast and Analysis
8.CORUNDUM MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.ORNAMENTS
8.3.1.Overview
8.3.2.Ornaments Market Forecast and Analysis
8.4.MECHANICAL PARTS
8.4.1.Overview
8.4.2.Mechanical parts Market Forecast and Analysis
8.5.SCRATCH RESISTANT OPTICS
8.5.1.Overview
8.5.2.Scratch resistant optics Market Forecast and Analysis
8.6.SAND BLASTING
8.6.1.Overview
8.6.2.Sand blasting Market Forecast and Analysis
8.7.OTHERS
8.7.1.Overview
8.7.2.Others Market Forecast and Analysis
9.CORUNDUM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Corundum Market Overview
9.1.2North America Corundum Market Forecasts and Analysis
9.1.3North America Corundum Market Forecasts and Analysis - By Type
9.1.4North America Corundum Market Forecasts and Analysis - By Application
9.1.5North America Corundum Market Forecasts and Analysis - By Countries
9.1.5.1United States Corundum Market
9.1.5.1.1United States Corundum Market by Type
9.1.5.1.2United States Corundum Market by Application
9.1.5.2Canada Corundum Market
9.1.5.2.1Canada Corundum Market by Type
9.1.5.2.2Canada Corundum Market by Application
9.1.5.3Mexico Corundum Market
9.1.5.3.1Mexico Corundum Market by Type
9.1.5.3.2Mexico Corundum Market by Application
9.2.EUROPE
9.2.1Europe Corundum Market Overview
9.2.2Europe Corundum Market Forecasts and Analysis
9.2.3Europe Corundum Market Forecasts and Analysis - By Type
9.2.4Europe Corundum Market Forecasts and Analysis - By Application
9.2.5Europe Corundum Market Forecasts and Analysis - By Countries
9.2.5.1Germany Corundum Market
9.2.5.1.1Germany Corundum Market by Type
9.2.5.1.2Germany Corundum Market by Application
9.2.5.2France Corundum Market
9.2.5.2.1France Corundum Market by Type
9.2.5.2.2France Corundum Market by Application
9.2.5.3Italy Corundum Market
9.2.5.3.1Italy Corundum Market by Type
9.2.5.3.2Italy Corundum Market by Application
9.2.5.4United Kingdom Corundum Market
9.2.5.4.1United Kingdom Corundum Market by Type
9.2.5.4.2United Kingdom Corundum Market by Application
9.2.5.5Russia Corundum Market
9.2.5.5.1Russia Corundum Market by Type
9.2.5.5.2Russia Corundum Market by Application
9.2.5.6Rest of Europe Corundum Market
9.2.5.6.1Rest of Europe Corundum Market by Type
9.2.5.6.2Rest of Europe Corundum Market by Application
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Corundum Market Overview
9.3.2Asia-Pacific Corundum Market Forecasts and Analysis
9.3.3Asia-Pacific Corundum Market Forecasts and Analysis - By Type
9.3.4Asia-Pacific Corundum Market Forecasts and Analysis - By Application
9.3.5Asia-Pacific Corundum Market Forecasts and Analysis - By Countries
9.3.5.1Australia Corundum Market
9.3.5.1.1Australia Corundum Market by Type
9.3.5.1.2Australia Corundum Market by Application
9.3.5.2China Corundum Market
9.3.5.2.1China Corundum Market by Type
9.3.5.2.2China Corundum Market by Application
9.3.5.3India Corundum Market
9.3.5.3.1India Corundum Market by Type
9.3.5.3.2India Corundum Market by Application
9.3.5.4Japan Corundum Market
9.3.5.4.1Japan Corundum Market by Type
9.3.5.4.2Japan Corundum Market by Application
9.3.5.5South Korea Corundum Market
9.3.5.5.1South Korea Corundum Market by Type
9.3.5.5.2South Korea Corundum Market by Application
9.3.5.6Rest of Asia-Pacific Corundum Market
9.3.5.6.1Rest of Asia-Pacific Corundum Market by Type
9.3.5.6.2Rest of Asia-Pacific Corundum Market by Application
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Corundum Market Overview
9.4.2Middle East and Africa Corundum Market Forecasts and Analysis
9.4.3Middle East and Africa Corundum Market Forecasts and Analysis - By Type
9.4.4Middle East and Africa Corundum Market Forecasts and Analysis - By Application
9.4.5Middle East and Africa Corundum Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Corundum Market
9.4.5.1.1South Africa Corundum Market by Type
9.4.5.1.2South Africa Corundum Market by Application
9.4.5.2Saudi Arabia Corundum Market
9.4.5.2.1Saudi Arabia Corundum Market by Type
9.4.5.2.2Saudi Arabia Corundum Market by Application
9.4.5.3U.A.E Corundum Market
9.4.5.3.1U.A.E Corundum Market by Type
9.4.5.3.2U.A.E Corundum Market by Application
9.4.5.4Rest of Middle East and Africa Corundum Market
9.4.5.4.1Rest of Middle East and Africa Corundum Market by Type
9.4.5.4.2Rest of Middle East and Africa Corundum Market by Application
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Corundum Market Overview
9.5.2South and Central America Corundum Market Forecasts and Analysis
9.5.3South and Central America Corundum Market Forecasts and Analysis - By Type
9.5.4South and Central America Corundum Market Forecasts and Analysis - By Application
9.5.5South and Central America Corundum Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Corundum Market
9.5.5.1.1Brazil Corundum Market by Type
9.5.5.1.2Brazil Corundum Market by Application
9.5.5.2Argentina Corundum Market
9.5.5.2.1Argentina Corundum Market by Type
9.5.5.2.2Argentina Corundum Market by Application
9.5.5.3Rest of South and Central America Corundum Market
9.5.5.3.1Rest of South and Central America Corundum Market by Type
9.5.5.3.2Rest of South and Central America Corundum Market by Application
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.CORUNDUM MARKET, KEY COMPANY PROFILES
11.1.ALTEO ALUMINA RIKEN CORUNDUM CO. LTD
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.SWAROVSKI GEMSTONES
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.HENGE GROUP
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.K.A. REFRACTORIES CO. LTD
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.ZHONGTIAN SPECIAL ALUMINA CO., LTD
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.RETEK LTD
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.XINYANG JINBO ABRASIVES CO., LTD
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.ROCK AND GEM COMPANY LTD.
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.OTHERS
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1. Alteo Alumina Riken Corundum Co. Ltd
2. Swarovski Gemstones
3. Henge Group
4. K.A. Refractories Co. Ltd
5. Zhongtian Special Alumina Co., Ltd
6. Retek LTD
7. Xinyang Jinbo Abrasives Co., Ltd
8. Rock and Gem company Ltd.
9. Others
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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