Report Code: A07254 | Pages: NA | Mar 2023 | 780 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Abrasive Corundum Market
Request Now !Abrasive Corundum Market Analysis 2020-2027:
Abrasive corundum is a crystal form of alumina used largely in the machining of metals for abrasion. It contains traces of iron, titanium, vanadium, and chromium. It reflects different colors if it contains impurities such as gray, golden-brown, brown, purple, pink, red, orange, yellow, green, blue, and violet. These impurities arise as a result of the presence of transition metals in the crystal structure of corundum. Corundum is an extremely hard material, which is used in various applications such as cutting, polishing, and grinding. Corundum is utilized to produce sandpaper, milling of precision tools, sandblasting, and deburring. Its high melting point makes it a suitable option for use in refractories. Corundum occurs naturally, however, can be synthetically manufactured. In addition, it is used to manufacture bearings in instruments and high-end watches. Additional applications of corundum include the manufacture of devices used at checkout counters based on optical scanning and in light-emitting lasers.
Market scope and structure analysis
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast units | Value (USD) |
Segments covered | Type, Application, and Region |
Key drivers of global abrasive corundum market
Rapid urbanization and increase in industrialization have boosted the demand for abrasive corundum, which significantly contributes toward the growth of the global market. Moreover, development of the electronics industry and rise in need for scratch-resistant materials in product manufacturing fuel the market growth. In addition, increase in awareness about this highly durable material along with its high refractive power augments its demand in the refractory industry.
Market scenario: opportunities and challenges
The demand for abrasive corundum is projected to generate significant growth opportunities in the future. Rise in demand for abrasive corundum in the electrical & electronics industry, owing to its enhanced thermal properties is propelling the growth of the global abrasive corundum market. However, high initial cost owing to high expenditure during mining is anticipated to hamper the growth of the abrasive corundum market.
COVID-19 scenario analysis
Owing to the outbreak of the COVID-19 pandemic, the global abrasive corundum market is expected to witness a slowdown during the next couple of years. Governments of various countries have implemented lockdown, which has led to shutdown of factories in scores of cities and provinces across the world, thus leading to predictions of a sharp slowdown in the output from electronics industry to industrial sector. Declining growth of the electronic industry is one of the key factors that is expected to negatively impact the growth of abrasive corundum market. Moreover, companies are dealing with missing sales and disrupted supply chains as production activities are shutdown. However, Covid-19 pandemic will not have any major impact on the growth of this market, owing to the fact that abrasive corundum is a material confined to specific uses.
Key benefits of the report
Questions answered in the global abrasive corundum market research report:
Abrasive Corundum Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
Aspects | Details |
---|---|
By Type |
|
By Application |
|
By Region |
|
Key Market Players | Alteok Scientific Instruments Private Limited, Bernd Kunze GmbH, Ceram Intertrade, EK-Company GmbH & Company, KG Gemfields, Henan Sicheng Company Limited, K.A. Refractories Company Limited, LD International Abrasives Limited, Mineralmhle Leun, Rau GmbH & Company KG |
Loading Table Of Content...
Start reading.
This Report and over 19,603+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers