Corundum Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0209151
  • Format: Electronic (PDF)
  • Number of Pages: 181
  • Author(s): Joshi, Madhavi

Report Overview

The Corundum Market size was estimated at USD 1.5 billion in 2023 and is projected to reach USD 3.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.50% during the forecast period (2024-2030).

Corundum Market

(Market Size)
$1.5 billion
$3.2 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 11.50%
2023 Market Size USD 1.5 billion
2030 Market Size USD 3.2 billion
Key Players Alteo, Hindalco, Rusal, Alcoa, Norsk Hydro

Market Summary

The corundum market represents a critical segment within the global industrial minerals and advanced materials sector. Corundum, an aluminum oxide mineral, is renowned for its exceptional hardness, thermal stability, and chemical inertness, making it indispensable across a multitude of high-performance applications. Naturally occurring corundum is sourced from specific geological formations, while synthetic corundum is manufactured through high-temperature processes to meet precise industrial specifications. The market is characterized by steady demand driven by its use in abrasive products, refractory materials, and increasingly, in electronic and optical components. Key industries relying on corundum include manufacturing, construction, automotive, aerospace, and electronics. The market dynamics are influenced by factors such as raw material availability, technological advancements in production methods, and evolving end-user requirements for high-purity and specialized grades. Geographically, production and consumption patterns show significant variation, with certain regions dominating supply chains while others focus on high-value processing and end-use manufacturing. The competitive landscape features a mix of large multinational corporations and specialized producers, all striving to enhance product quality and expand their application reach.

Key Highlights

The corundum market is distinguished by several pivotal aspects that underscore its industrial importance and growth trajectory. A primary highlight is the material's role as the foundation for a vast array of abrasive products, including grinding wheels, sandpapers, and blasting media, essential for metalworking, woodworking, and surface preparation industries. Another significant aspect is its critical function in refractory linings for high-temperature industrial furnaces used in steel, glass, and cement production, where its resistance to thermal shock and chemical corrosion is paramount. The market is also witnessing growing utilization in advanced technical ceramics and electronic substrates, leveraging corundum's excellent dielectric properties and mechanical strength. Furthermore, the gem-quality varieties, namely ruby and sapphire, represent a high-value niche segment with applications in jewelry, lasers, and precision instruments. Innovation in synthetic corundum production, particularly the development of methods to create larger, purer crystals with controlled properties, is a key trend enabling new applications in optics and semiconductors. The strategic focus on sustainability and recycling of corundum-based materials is also gaining prominence, aligning with broader industrial environmental goals.

Drivers, Opportunities & Restraints

The corundum market is propelled by several powerful drivers, with robust demand from the industrial manufacturing sector standing paramount. The expansion of global infrastructure and construction activities fuels the need for abrasives and refractories, directly increasing corundum consumption. The automotive and aerospace industries' relentless pursuit of precision machining and high-performance components further accelerates demand for advanced abrasive solutions. Significant opportunities are emerging from the electronics and semiconductor sectors, where synthetic sapphire is increasingly used as a substrate for LEDs, optical windows, and semiconductor wafers due to its superior properties. The development of new applications in protective coatings, wear-resistant parts, and even medical devices presents a fertile ground for market expansion. However, the market faces notable restraints, including the high energy costs associated with synthetic corundum production, which can impact profitability and pricing. Environmental regulations concerning mining operations for natural corundum and the disposal of used abrasive materials pose compliance challenges. Additionally, competition from alternative materials like silicon carbide, boron carbide, and advanced polymers in certain applications can limit market penetration and growth potential.

Concentration Insights

The global corundum market exhibits a moderate level of concentration, with a blend of established multinational players and regional specialists defining the competitive environment. A handful of major corporations command significant market share, leveraging integrated operations that span from raw material sourcing and processing to the manufacturing of finished abrasive and refractory products. These industry leaders, including companies like Saint-Gobain, Imerys, and Almatis, benefit from extensive distribution networks, strong technical expertise, and longstanding relationships with key end-user industries. Alongside these giants, numerous medium and small-sized enterprises operate in specific geographic markets or specialize in particular grades or applications of corundum, such as high-purity synthetic crystals or custom-fabricated refractory shapes. The market concentration is also influenced by regional factors; for instance, China's dominance in the production of brown fused alumina, a key corundum product, significantly impacts global supply dynamics. This structure creates a competitive landscape where scale, technological capability, and application-specific innovation are crucial for maintaining and growing market position.

Type Insights

The corundum market is segmented primarily into natural and synthetic varieties, each with distinct characteristics and applications. Natural corundum is mined from deposits and is often processed to create fused alumina abrasives, with brown fused alumina and white fused alumina being the most common commercial forms. Brown fused alumina is known for its toughness and is widely used in grinding wheels and blasting media. White fused alumina offers higher purity and is preferred for precision grinding and refractory applications requiring minimal contamination. Synthetic corundum, produced through processes like the Verneuil method or Czochralski process, allows for precise control over crystal structure, size, and purity. This category includes synthetic sapphire, which is colorless in its pure form but can be doped to create colors, and is critical for optical, electronic, and gemological uses. Tabular alumina, a sintered form of calcined alumina, represents another important type, valued for its superior thermal shock resistance and strength in refractory applications. The choice between types is dictated by the specific requirements of hardness, purity, thermal properties, and cost-effectiveness for the intended end-use.

Application Insights

Corundum's exceptional properties facilitate its use across a remarkably diverse range of applications. The largest application segment is abrasives, where it is the primary material for bonded abrasives like grinding wheels and cutting discs, coated abrasives such as sandpaper, and loose abrasives for blasting and polishing. These are essential in metal fabrication, automotive component manufacturing, and construction. The refractory industry constitutes another major application, utilizing corundum in the form of bricks, castables, and mortars to line kilns, furnaces, and reactors in the steel, glass, and non-ferrous metal industries due to its ability to withstand extreme temperatures and corrosive environments. A rapidly growing application is in technical ceramics and electronics, where high-purity synthetic sapphire is used for substrates in LED lighting, watch crystals, optical lenses, windows in barcode scanners, and even as insulating components in high-voltage equipment. Additionally, the gem and jewelry sector utilizes natural ruby and sapphire, while lesser-known applications include its use as a catalyst support and in certain types of advanced armor systems.

Regional Insights

The production and consumption of corundum are unevenly distributed across the globe, creating distinct regional dynamics. The Asia-Pacific region stands as the dominant force, both as the largest producer and consumer. China is the undisputed leader in production, particularly of fused alumina abrasives, supplying a significant portion of global demand. India is also a major producer of natural corundum and abrasive grains. Consumption in Asia-Pacific is driven by massive manufacturing bases, thriving construction sectors, and a rapidly expanding electronics industry. North America and Europe represent mature markets characterized by high-value consumption. These regions focus more on advanced applications, such as high-purity synthetic sapphire for electronics and technical ceramics, and have strong demand from their aerospace, automotive, and precision engineering industries. While they have some domestic production, they are also significant importers of both raw and processed corundum materials. Other regions, including South America and the Middle East & Africa, have smaller but growing markets, often linked to local mining activities and industrial development, particularly in the refractory sector supporting metal and cement production.

Company Insights

The competitive landscape of the corundum market is populated by a mix of global chemical and material giants and specialized manufacturers. Leading companies such as Saint-Gobain, with its Norton Abrasives division, and Imerys, through its Aluminium Oxides business, have a comprehensive global presence offering a wide portfolio of abrasive grains, refractory grains, and fused minerals. Almatis is a key player specializing in high-purity alumina products and advanced oxides, catering primarily to the refractory and technical ceramics markets. Other significant participants include Henan Great Wall Refractories, Zhejiang Zili Corporation, and Washington Mills, which are major forces in the production of fused alumina and other corundum-based materials. These companies compete on factors including product quality and consistency, technical service and support, production capacity, global logistics, and the ability to develop innovative products for emerging applications. Many are vertically integrated, controlling processes from raw material processing to finished product manufacturing, which provides them with cost advantages and supply chain stability. The strategic focus for these companies often involves expanding production capacity for high-value synthetic products and strengthening their positions in growth regions like Asia-Pacific.

Recent Developments

The corundum market has been active with strategic movements aimed at capacity expansion, technological innovation, and market consolidation. Several leading producers have announced investments in new production facilities or the expansion of existing plants to meet rising demand, particularly for high-purity synthetic sapphire and specialized fused alumina grades. There is a pronounced trend towards the development of more energy-efficient and environmentally sustainable production processes to reduce the carbon footprint associated with the high-temperature fusion required for manufacturing. Technological advancements are focused on creating corundum materials with enhanced properties, such as improved fracture toughness for abrasives or higher transparency for optical applications. In terms of corporate strategy, mergers and acquisitions have been observed as companies seek to broaden their product portfolios and geographic reach. Furthermore, key players are increasingly engaging in long-term supply agreements with major end-users in the electronics and automotive sectors to ensure stable demand. Research and development efforts are also intensifying, exploring novel applications in additive manufacturing (3D printing) and next-generation electronic devices, indicating the market's continuous evolution beyond its traditional boundaries.

Report Segmentation

This comprehensive market research report on the global corundum industry is meticulously segmented to provide a detailed and granular analysis. The segmentation is structured along several key dimensions to cater to the specific informational needs of strategic planners and investors. The primary segmentation is by type, delving into the distinct markets for natural corundum and its various processed forms like brown fused alumina and white fused alumina, as well as synthetic corundum including synthetic sapphire and tabular alumina. The report is further segmented by application, providing deep dives into the consumption patterns and growth prospects within major end-use sectors such as abrasives, refractories, electronics, optical industries, and others including jewelry and catalysts. A crucial geographical segmentation breaks down the market size, trends, and forecasts for key regions and major countries within North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. This multi-faceted segmentation allows for a comparative analysis of growth rates, market dynamics, and competitive landscapes across different product types, applications, and regions, offering actionable intelligence for informed decision-making.

FAQs

What is corundum used for?

Corundum is predominantly used in industrial applications due to its extreme hardness. Its primary uses include serving as an abrasive material in grinding wheels, sandpaper, and blasting media. It is also a critical component in refractory products for lining high-temperature furnaces in the steel and glass industries. Furthermore, high-purity synthetic corundum, or sapphire, is essential in electronics for LED substrates, optical components for windows and lenses, and even in luxury watchmaking.

What are the different types of corundum?

The main types of corundum are natural and synthetic. Natural corundum is mined and processed into forms like brown fused alumina and white fused alumina, which differ in purity and application. Synthetic corundum is manufactured under controlled conditions and includes products like synthetic sapphire, which can be produced colorless or doped with elements for color, and tabular alumina, a sintered product with high thermal stability used in advanced refractories.

How is synthetic corundum made?

Synthetic corundum is produced through high-temperature industrial processes. The most common method is the fusion of calcined alumina in electric arc furnaces to produce fused alumina grains. For high-purity single crystals like synthetic sapphire, methods such as the Verneuil (flame fusion) process or the Czochralski process are employed. These techniques involve melting high-purity alumina powder and carefully controlling the crystallization to grow large, pure crystals with specific properties.

Where is corundum found?

Natural corundum deposits are found in specific geological environments around the world. Significant sources include alluvial deposits in countries like India, Myanmar, Sri Lanka, and Thailand, which are known for gem-quality stones. Industrial-grade corundum is mined in several locations, with China being a major producer of emery and abrasive-grade material. Other countries with notable corundum occurrences include Russia, South Africa, and the United States, though much of the industrial demand is met by synthetic production.

What is the difference between corundum and aluminum oxide?

Corundum is the natural crystalline form of aluminum oxide (Al2O3). In industrial contexts, the term aluminum oxide often refers to the processed chemical compound in various forms, such as powders or precursors used to make synthetic corundum. Essentially, corundum is the specific mineral manifestation of aluminum oxide, prized for its hardness and durability, while aluminum oxide is the broader chemical term for the compound itself.

Is corundum the hardest mineral?

Corundum is an exceptionally hard mineral, ranking 9 on the Mohs scale of mineral hardness. This makes it the second hardest natural mineral known, after diamond, which ranks 10. Its hardness is a key property that makes it so valuable as an abrasive material, as it can scratch or wear down virtually all other natural materials except for diamond.

Citius Research has developed a research report titled “Corundum Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Corundum Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Corundum Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Corundum Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Corundum Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Corundum Market
• Research Methodology
• Executive Summary
• Market Dynamics of Corundum Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Corundum Market
• Cost and Gross Margin Analysis of Corundum Market
• Corundum Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Corundum Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Corundum Market Key Stakeholders

Below are the key stakeholders for the Corundum Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Corundum Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Corundum Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Corundum Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Corundum Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Corundum Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Corundum Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Corundum Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Corundum Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Corundum Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Corundum Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Corundum Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Corundum Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Corundum Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Corundum Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Corundum Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Corundum Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Corundum Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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