What is the key market trends behind Abrasives market growth? Stay Tuned with Key Industry Developments & Opportunities

Market Overview:

According to Market Prognosis, the Global Abrasives market is accounted for $40.50 billion in 2017 and is expected to reach $78.65 billion by 2026 growing at a CAGR of 7.7% during the forecast period. Some of the factors that are fuelling the market are rapid expansion of automotive production, establishments of metal fabrication industries and huge production of electric components, increasing medical devices market. On the other hand, restricted use of silica-based abrasives, growing environmental concerns and high cost of raw materials used are hampering the market.

Abrasives otherwise called as minerals, which is used to shape work piece on rubbing. It is a process involves roughening as in satin, matte or beaded finishes. On the basis of types, bonded abrasives is expected to hold the largest market value due to rise in per capita disposable incomes and increase in demand for passenger and commercial vehicles. On the other hand, synthetic abrasives segment of materials is expected to remain largest market due to durability, high efficiency and physical properties.

By Geography, Asia Pacific region has dominated the market during the forecast period due to expansion in end-use segments and increasing demand for high quality electronics followed by North America and Europe.

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Top Industry Players:

Some of the key players in Abrasives market include 3M, Almatis GmbH, Asahi Diamond Industrial Co Ltd., Cabot Microelectronics Corporation, Carborundum Universal Limited, DuPont, Fujimi Incorporated, Henkel AG & Co. KGaA, Jason Incorporated, Robert Bosch GmbH, Saint-Gobain Abrasives, Tyrolit Schleifmittelwerke Swarovski K.G.

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Market Segments:

Products Covered:
• Sandpaper
• Grinding Wheels
• Other Products
Types Covered:
• Super Abrasives
• Steel Abrasives
• Loose Abrasive grains
• Coated Abrasives
• Bonded Abrasives
Materials Covered:
• Natural Abrasives
• Synthetic Abrasives
End Users Covered:
• Automotive
• Metal Fabrication
• Machinery
• Electronics
• Construction
• Other End-Users

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

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This release was published on openPR.