Artificial and Synthetic Corundum - The Fastest Growing Type by Usage
Natural corundum is used in a wide variety of industrial applications because of their toughness, hardness, and chemical stability. It is mainly used as an abrasive for grinding optical glass and for polishing metals. Additionally, corundum is converted into sandpaper and grinding wheels. Corundum, in its varied forms, has several applications, for example, ruby is widely used in jewelry, and sapphire is used in LEDs and refractory substances. Moreover, corundum is used in the preparation of toothpaste since its abrasive properties help in keeping teeth clean and white. To cater to the growing demand, corundum is now being artificially produced using calcined bauxite. It is also used for making refractory products such as firebrick, kiln liners, kiln furniture, and in electronic applications. Synthetic corundum is used in the production of windows of store scanners, watch crystals, aircraft windows, and protective covers for electronic devices. Usage of corundum is increasing rapidly in the field of electronics, driving the market.
Asia-Pacific Region to Lead the Market
India, Thailand, Korea, Japan, Germany, and other parts of Eastern Europe are the major manufacturers of corundum. As for North America, demand for artificial corundum is high, due to the scarcity of natural corundum in its region. In Asia-Pacific, corundum is mined at Sri Lanka, India, Myanmar, Afghanistan, Vietnam, and Thailand. The mines in this area provide some of the best materials for jewelry. Additionally, corundum is India’s main inorganic chemical export to China.
Notable Developments in the Market:
February 2018: Pink corundum market set for rapid growth worldwide, focusing on business strategies of the key players, and market fundamental dynamics during the forecast period (2018 - 2023).
December 2017: DENSO and Kyoto University startup FLOSFIA will develop Next-Gen power semiconductor device for electrified vehicles using the application of corundum structured.
November 2017: China Alumina to import synthetic corundum and aluminum hydroxide to cater to its growing demand in multiple industries.
Major Players: Alteo Alumina, Henan Sicheng Co Ltd, LD International Abrasives Limited, and Rusal, amongst others.
Reasons to Purchase the Report
To understand the impact of end-user applications on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating technology in the market
Countries expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3 month analyst support, along with the Market Estimate sheet (in Excel)
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1.1 Research Phases
1.2 Scope of the Market
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Production Scenario
3.4 Trade Analysis
3.5 Price Analysis
4. Market Dynamics
4.1.1 High Demand for Synthetic Corundum in Abrasion Industry
4.1.2 Natural Corundum in Gemstone Market
4.1.3 Growing Demand of Artificial Corundum in Jewelry Sector
4.2.1 Scarcity of Natural Corundum in North America Region
4.2.2 Competition from Synthetics Including Fused Alumina and Silicon Carbide
4.3.1 Application of Innovative Products in the Electronics Industries
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By End-user Industry
5.1.5 Electrical and Electronics
5.2 By Variety type
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.4 Rest of North America
6.3.5 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle East and Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East and Africa
7. Competitive Landscape
7.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services and Recent Developments)
8.1 Alteo Alumina
8.2 Arotek GmbH & Co KG
8.3 Bernd Kunze GmbH
8.4 Ceram Intertrade
8.5 Changzhou Sunai Metallurgical Refractories Co Ltd
8.6 EK-Company GmbH & Co KG
8.8 Guangxi Wuzhou City Yihe Jewelry Co Ltd
8.9 Henan Sicheng Co Ltd
8.10 Henge Group
8.11 HK Fengqi Jewelry Co Ltd
8.12 K.A. Refractories Co Ltd
8.13 LD International Abrasives Limited
8.14 Mineralmühle Leun, Rau GmbH & Co KG
8.15 Riken Corundum Co Ltd
8.16 RSA Le Rubis SA
8.17 Rubicon Technology
8.19 Shenyang Hongyang Fine Ceramic Co Ltd
8.20 Stars Gem Co Ltd
8.21 Swarovski Gemstones
8.22 World Corundum Co Ltd
8.23 Wuzhou Yisheng Jewelry Co Ltd
8.24 Xiamen Xinbailong Instrument Co Ltd
8.25 Xingyang Jinbo Abrasives Co Ltd
8.26 Yancheng Jiuheng Industry & Trade Co Ltd
8.27 Yixing Haiyu Refractory Materials Co Ltd
8.28 Zhengzhou Sunrise Technology Co Ltd
*(List Not Exhaustive)
**Subject to availability on public domain
- Alteo Alumina
- Arotek GmbH & Co. KG
- Bernd Kunze GmbH
- Ceram Intertrade
- Changzhou Sunai Metallurgical Refractories Co. Ltd.
- EK-Company GmbH & Co. KG
- Guangxi Wuzhou City Yihe Jewelry Co. Ltd.
- Henan Sicheng Co. Ltd.
- Henge Group
- HK Fengqi Jewelry Co. Ltd.
- K.A. Refractories Co. Ltd.
- LD International Abrasives Limited
- Mineralmühle Leun
- Rau GmbH & Co. KG
- Riken corundum Co. Ltd.
- RSA Le Rubis SA
- Rubicon Technology
- Shenyang Hongyang Fine Ceramic Co. Ltd.
- STARS GEM CO. LTD.
- Swarovski Gemstones
- World Corundum Co. Ltd.
- Wuzhou Yisheng Jewelry Co. Ltd.
- Xiamen Xinbailong Instrument Co. Ltd.
- Xingyang Jinbo Abrasives Co. Ltd.
- Yancheng Jiuheng Industry & Trade Co. Ltd.
- Yixing Haiyu Refractory Materials Co. Ltd.
- Zhengzhou Sunrise Technology Co. Ltd.