Abrasives

 decision foresight.png

Global Abrasives Market Size, Share, Growth, Industry Trends and Forecast 2020-2030


The global abrasives market valued 43.8 USD billion in 2020 and is expected to reach 73.45 USD billion by 2030, at a CAGR of 5.3% during the forecast period.Abrasives are hard materials, used for cleaning the hard surface, grinding, and polishing across the various industries. It helps to provide shape and surface finish for the material. It acts as a mineral-like material and available in different sizes and shapes depending upon the need. It is used for cleaning, abrading, scouring, grinding and removing solid materials by the action of rubbing. Further, two kinds of abrasives are available in the global abrasives market as synthetic and natural. Natural abrasives include corundum, garnet, emery, and pumice and synthetic abrasives include silicon carbide and alumina. Additionally, the grinding wheel, the most important abrasive product, is involved in the manufacturing of machinery, electronic components, electrical, and automotive components. It is made of abrasive grain and is a self-sharpening cutting tool. The majority of grinding wheels made have a ceramic bond, vitreous, and are made of feldspars and clays. 

Download Sample Copy of the Report to understand the structure of the complete report (Including Full TOC, Table & Figures) @ https://www.decisionforesight.com/request-sample/DFS020299

Market Dynamics and Factors:

The growing demand of the automotive industry is the key driving factor for the rising abrasive demand. Abrasives play a vital role in manufacturing automotive components in modifying operating parameters such as reducing the carbon dioxide emissions of high-performance engines, lowering the noise levels and machining of components. The efficient finishing of automobiles requires abrasives for sizing engine parts, cleaning, deburring, repairing and maintaining the body, interiors, and accessories of the automobile. According to the research study, global cars and commercial vehicle production grew by approximately 9.23% in 2018 from 2013. Hence, this augmented demand for automobiles is expected to indirectly influence the abrasive market growth positively. However, stringent regulation for the usage of silica abrasive and limited availability of raw materials is expected to restrain the growth of the market. Investments in R&D activities to produce innovative and less hazardous abrasives are expected to provide ample opportunities for the market to grow in the near future.

Market Segmentation:

  • Global Abrasives Market – By Type

    • Bonded

    • Coated

    • Super

  • Global Abrasives Market – By Material

    • Natural

    • Synthetic

  • Global Abrasives Market – By End-User

    • Automotive

    • Metal Fabrication

    • Machinery

    • Electronics

    • Construction

    • Others

  • Global Abrasives Market – By Application

    • Grinding

    • Cutting

    • Polishing

    • Drilling

  • Global Abrasives Market – By Geography

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • U.K.

      • France

      • Germany

      • Italy

      • Rest of Europe

    • Asia-Pacific

      • Japan

      • China

      • India

      • Australia

      • Rest of Asia Pacific

    • ROW

      • Latin America

      • Middle East

      • Africa

New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC at @ https://www.decisionforesight.com/toc-request/DFS020299

Geographic Analysis:

Asia-Pacific is dominating the market across the world. In 2016 Asia-Pacific region accounted for an approximate 40% share of the total revenue. The growth in this region attributed to the growing demand for bonded and coated abrasives suitable for precision grinding processes. Followed by Asia-Pacific, Europe is the second-largest contributor across the world. Ongoing construction projects in Russia, Poland, and Western European countries, which is expected to offer growth opportunities to synthetic abrasives segment. Europe accounted for 19.4% share of total revenue in 2018.  North-America is anticipated to show significant growth in the near future. Due to the increasing demand for commercial vehicles.

Competitive Scenario:

At a global level, the key players of the abrasives market are Bosch (Germany), DowDuPont (US), Saint-Gobain Abrasives (France), 3M (US), and Fujimi Incorporated (Japan), Henkel (Germany), Tyrolit (Austria), LTD (Japan), Deerfos (Korea), Asahi Diamond Industrial Co., and Carborundum Universal Limited (India). Large construction players such as Balfour Beatty PLC (UK), Lafarge Holcim (France), and Kier Group (UK) have a scope to enter into abrasive services.

Connect to Analyst @ https://www.decisionforesight.com/speak-analyst/DFS020299

How will this Market Intelligence Report Benefit You?

  1. The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.

  2. Exclusive insight into the key trends affecting the Global Abrasives industry, although key threats, opportunities and disruptive technologies that could shape the Global Abrasives Market supply and demand.

  3. The report tracks the leading market players that will shape and impact the Global Abrasives Market most.

  4. The data analysis present in the Global Abrasives Market report is based on the combination of both primary and secondary resources.

  5. The report helps you to understand the real effects of key market drivers or retainers on Global Abrasives Market business.

The 2021 Annual Global Abrasives Market offers:

  • 100+ charts exploring and analysing the Global Abrasives Market from critical angles including retail forecasts, consumer demand, production and more

  • 15+ profiles of top producing states, with highlights of market conditions and retail trends

  • Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand

  • Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Abrasives Market type

Buy This Premium Research Report@ https://www.decisionforesight.com/checkout/DFS020299

About Us:

Decision Foresight is a market research organization known for its reliable and genuine content, market estimation and the best analysis which is designed to deliver state-of-the-art quality syndicate reports to our customers. Apart from syndicate reports, you will find the best market insights, strategies that will help in taking better business decisions on subjects that may require you to develop and grow your business-like health, science, technology and many more. At Decision Foresight, we truly believe in disseminating the right piece of knowledge to a large section of the audience and cover the in-depth insights of market leaders across various verticals and horizontals.

Contact:

Email: sales@decisionforesight.com

For Latest Update Follow Us:

https://www.facebook.com/Decision-Foresight-110793387201935

https://twitter.com/DecisionFs

https://www.linkedin.com/company/decision-foresight/

Comments

Post a Comment

Popular posts from this blog

Digital Pathology

Image
  Global Digital Pathology Market Size, Share, Growth, Industry Trends and Forecast 2020-2030 Global Digital Pathology Market accounted USD 721.7 million in 2020 and is anticipated to reach USD 2281.7469 million by 2030, at a CAGR of 12.2% during the forecast period. It is an innovation predominantly committed to minimize laboratory expenses, increase operational efficiency, improving treatment decisions and patient care, and improved overall productivity. This technique incorporates the management, acquisition, sharing and interpretation of pathology information — which include slides and data — in a digital environment. Digital slides are produced when glass slides are apprehended with a scanning device, to deliver a high-resolution digital image that can be observed on a computer screen or mobile device. Virtual microscopy is a part of the market which enables to practice converting glass slides into digital slides that can be viewed, managed, shared and analyzed on a computer m...
Read more

Global Antisense And RNAi Therapeutics Market

Image
  Global Antisense And RNAi Therapeutics Market Size, Share, Growth, Industry Trends and Forecast 2020-2030 Antisense and RNAi therapeutics are therapeutic treatments having the potential to treat diseases such as chronic liver and cardiovascular diseases, and other rare diseases. Antisense RNAi was the largest technology segment in 2018 due to technological advancement in the healthcare sector. Antisense technology is a method that can stop protein production. Antisense technology can be used to design new therapeutics for certain new diseases. The principle behind is antisense nucleic acid sequence base pairs with complementary sense RNA strand and avoids from being translated into a protein. Based on the triggering of the RNA molecules this technology is segmented into siRNA and miRNA. Antisense and RNAi therapeutics services are applicable in the treatment of a wide range of diseases that target nucleic acid and affect the cell growth cycle. miRNA has the ability to restore gen...
Read more

Regenerative Therapies

Image
  Global Regenerative Therapies Market Size, Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts to 2030 The Global regenerative therapies market held USD 8.5 billion in 2020 and is to grow with a CAGR of 15.7% from 2020-2030. Regenerative medicine is medicine principle that focuses on the replacement of tissues, human cells and organs in order to restore normal functionality. Regenerative medicine aims to renew or replace cells in the damaged and unfitting tissue or organ of human beings. The body's own cells can be encouraged to cure, or a patient with laboratories-grown cells and tissues can be therapied. It can treat incurable chronic disorders and conditions such as Alzheimer's disease, Parkinson's disease, diabetes, cardiac illness, kidney failure, osteoporosis and injuries to the spinal cord, etc. Download Sample Copy of the Report to understand the structure of the complete report (Including Full TOC, Tabl...
Read more