Global Abrasives Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q3 2018 Update)
- 147 Pages
- Region: Global
The global abrasives market is expected to grow from USD 39.21 billion 2017 to USD 57.82 billion by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 5.71%.
“High demand from metal fabrication, and automotive industry driving market growth
is one of the factors largely attributing to the growth of abrasives market globally”
The factors attributing to the growth of the market are high demand from metal fabrication, and automotive industry driving market growth, cnc machines replacing older technologies, massive production of electronic components, decreasing cost of synthetic diamond, and conventional abrasives substituting super abrasives. However, some factors such as pressure to keep prices low, and stringent regulations on phenolic resin manufacturing may hinder the market growth. The global abrasives market is expected to showcase the opportunities such as emerging economies to have high growth potential, significant investment in r&d activities, miniaturization of abrasives to nanoscale for usage in medical and electronic components, and abrasive blasting and coal slag industrial application. In the near future, the market may face the possible challenges in the growth due to and volatile cost of raw materials. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the global abrasives market market.“Bonded Abrasives: The highest growing product for the global abrasives market”
On the basis of product, the global abrasives market is studied across Bonded Abrasives, Coated Abrasives, and Super Abrasives. Among all these product, the Bonded Abrasives is projected to hold the largest market share while the Super Abrasives has the potential to grow the market with the highest CAGR in the forecast period.“Natural: The highest growing type for the global abrasives market”
On the basis of type, the global abrasives market is studied across Natural and Synthetic. Among all these type, the Natural is projected to hold the largest market share while the Synthetic has the potential to grow the market with the highest CAGR in the forecast period.
On the basis of application, the global abrasives market is studied across Aerospace & Defense, Automotive, Construction Equipment, Electrical & Electronic, Furniture & Wood, Machinery, Marine & Shipbuilding, Metal Fabrication, and Nonmetallic Mineral.“Asia-Pacific: The highest growing geography for the global abrasives market”
On the basis of geography, the global abrasives market is studied across Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia). Among all these geography, the Asia-Pacific is showing the maximum growth in the near future with the highest CAGR while the Asia-Pacific is dominating the market with highest market size.
“3M Company: The potential growing player for the global abrasives market”
The key players profiled in the global abrasives market are 3M Company, Abrasiflex, Abrasive technologies LLC, Asahi Diamond Industrial, Carborundum Universal Limited, Compagnie De Saint-Gobain S.A., Deerfos, Dowdupont, Fujimi Incorporated, Grind Master Machines Pvt., Ltd., Günter Wendt GmbH, Henkel AG & Co. KGaA, Hilti Corporation, ILIYCH Abrasive Company, Indasa, Krebs & Riedel Schleifscheibenfabrik, Nippon Resibon Corporation, Noritake, Novovodolazkyi Abrasive Plant Ltd., Robert Bosch GmbH, Sankyo-Rikagaku, Tyrolit Group, and sia Abrasives Industries AG.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the global abrasives market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global abrasives market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the global abrasives market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the global abrasives market.
5. Competitive Assessment & Intelligence: Provides exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global abrasives market.