Abrasive Materials Market Global Top Players Forecasts 2022 by Saint Gobain SA, Robert Bosch GmbH, TYROLIT Schleifmittelwerke Swarovski K.G., 3M, DuPont, and Henkel AG & Co. KGaA

Global Abrasive Materials Market Overview:

The global abrasive market has grown along with the global machinery, automotive and metal fabrication industry. The resumption of global economic growth after the economic slowdown in 2007 has led to a significant demand for machinery to increase industrialization, and urbanization has played an important role in driving the global market for abrasives.

On the other hand, the strict regulations for the use of silica-based abrasives and the volatility of raw material prices are an obstacle to the growth of the global abrasive market.

In terms of competition, the global abrasive market is fragmented with the presence of many global and regional players. Mergers and acquisitions, commercial alliances and product innovations are just some of the growth strategies that players in this market are focusing on to steal competition from their competitors.

Global Abrasive Materials Market Size:

The global market for abrasives reached $38.2 billion in 2016. The market should reach $39.8 billion in 2017 and $51.9 billion by 2022, growing at a compound annual growth rate (CAGR) of 5.5% during 2017-2022.

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Drivers and Restraints:

Depending on the product, the bonded abrasive segment ranked first with a revenue contribution of more than US $ 12.3 billion in the previous years.

On the other hand, it is expected that the gross super abrasive segment will have the highest CAGR growth of 7.7%, in relation to billing. In fact, manufacturers of abrasive products increasingly demand abrasive grains in bulk, which has a positive influence on the unprocessed super abrasive segment. In addition, the segment of abrasive grains in bulk is expected to show strong growth over the next few years, the demand for bulk abrasive grains in the increase of abrasive manufacturers.

The market segments classified by end user are machinery, transport, metal fabrication, electrical and electronic equipment, etc. The machines were evaluated as the main end-user segment in 2012. With an average annual growth rate of 5.4% between 2013 and 2019, the machinery industry will reach 12,418.5 million dollars at the end of 2019.

Metal fabrication is the second end-user segment of the global abrasive market. It is expected that the transportation and electrical and electronic equipment sectors will grow significantly in the coming years, due to their growing demand throughout the world. The segment of other end users, including medical devices, construction, cleaning and maintenance, and electricity production is expected to show a strong demand for abrasives in the coming years.

Geographic Segmentation:

The main regions in which the global abrasive market is divided are North America, Asia-Pacific, Europe and the rest of the world. Asia Pacific is currently the largest regional market for abrasives and is expected to make a substantial contribution to the global market. China is the main national market to produce abrasive and abrasive materials. As a result, Asia Pacific will record the best growth rate during the forecast period.

Leading players in the global abrasives market include Saint Gobain SA, Robert Bosch GmbH, TYROLIT Schleifmittelwerke Swarovski K.G., 3M, DuPont, and Henkel AG & Co. KGaA.

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Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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