Corundum is a form of aluminum oxide and is crystalline in nature. Corundum comprises a few traces of titanium, iron, vanadium & chromium. It is a rock forming mineral and is highly-stable hard mineral and is available in different colors. some variants of the corundum are: Pink and orange variety of Sapphire, Green Sapphire, Star Ruby, Blue Sapphire etc. It is used in for various proposes like: making jewelry, electronics etc.
Corundum Market: Key Players
The research study includes profiles of leading companies operating in the global Corundum market. Key players profiled in the report include: Alteo, MOTIM Electrocorundum Ltd., RusAL, Greenland Ruby, Henan Sicheng Co. Ltd, K. A Refractories Co., Ltd., Rubicon Technology, Xingyang Jinbo Abrasive Co., Ltd., RSA LE RUBIS SA and Arteka.
Drivers for the Global Corundum Market:
Rising demand for Corundum due to its properties like durability & scratch resistance it is widely used in electronic products, corundum is used in various industries like : metals, ecteronic for sand blasting, grinding, plunge cutting etc; increasing usage of synthetic corundum for mechanical parts/optics/watch crystals/spacecraft etc, increasing popularity & purchase of sapphire & ruby and high demand for artificial corundum as it is a specialty product. These are the major drivers of the market and are going to increase the growth & disposable income of the market.
Opportunities for the Global Corundum Market:
Moreover, increasing usage of corundum in making jewelry, demand for usage of corundum as an industrial abrasion compared to other metals and elevated popularity of domestic production of synthetic & natural gemstones globally. Hence these factors are going to provide opportunities for the future growth of the market.
Restrains for the Global Corundum Market:
However, displaying the stone's vibrancy when cut is not as critical like that of the diamond and less industrial activities & increasing unemployment. Hence these factors are going to hamper the growth of the market.
Region Wise, Global Corundum Market Analysis:
Asia Pacific held a major share in the market due to general economic conditions, increasing industrialization, investment in new technology and presence of high number of steelmaking & glass industries. Besides, North America and Europe held a large share in the market.
Covid-19: Impact and Recovery Analysis for Global Corundum Market:
The world is greatly affected by the uncertain raise of the covid-19 Pandemic among the population. The Corona virus outbreak has disrupted & disturbed every sector of business as well as human activity. In most parts of the world there has been a complete restriction set by governments regarding various activities and in turn this is greatly affecting the financial stability of industries like: Corundum market globally. Most of the industries and businesses like: Corundum market are shifting to manufacturing equipment that can support the covid-19 spread from increasing and spreading. The Corundum market has faced a decline due to shutting down of retail stores, halting of public activity, unavailability of transport and shortage of raw-materials. But is going to get back like that before of the lockdown.
Global Corundum Market: Product analysis
Global Corundum Market: Application analysis
- Electrical & Electronics
Global Corundum Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East