Press release
Abrasives Market Rise to a Valuation of USD 67.33 billion by 2023 | Abrasive Technology, Almatis GmbH, 3M, Robert Bosch GmbH, Allied High Tech Products Inc, DuPont
Abrasives Market 2018
Competitive Insights:
The worldwide abrasives market is extremely aggressive and furthermore divided because of the existence of numerous expansive and little providers. Numerous new merchants are foreseen to enter the market inferable from the expanding interest for abrasives. Merchants contend based on development, quality and performance, price, and client anti-extremism. The leading players in the market are Abrasive Technology, Almatis GmbH, 3M, Robert Bosch GmbH, Allied High Tech Products Inc, DuPont and Asahi Diamond Industrial Co Ltd.
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The Abrasives Market is segmented as follows-
By Type:
Coated
Bonded
Super abrasives
By End User:
Fabrication industry
Automotive and auto ancillaries
Electronics
Others
Regional Analysis by Segment:
North America: U.S, Canada, Mexico
Europe: Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific: Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World: Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others
Industry Outlook and Trend Analysis:
The global Abrasives Market was worth USD 39.08 billion in 2014 and is expected to reach approximately USD 67.33 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.23% during the forecast period. With the expanding usage of abrasives in automobiles sector, the market for abrasives has an uplifting viewpoint amid the conjecture time frame. Proficient completing of cars requires the usage of abrasives like estimating motor parts, deburring, and cleaning. In addition, abrasives are additionally used to repair and keep up the body, accessories, and interiors of the vehicle. They are principally used to smooth out welds, clean the inside of funnels, and to smoothen out uneven and unpleasant surfaces and edges. Besides, covered abrasives are made use of as a part of the transportation area for completing and grinding applications.
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Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
4.Abrasives Market, By Type
4.1.Introduction
4.2.Global Abrasives Sales, Revenue and Market Share by Type (2014-2017)
4.3.Abrasives Market Assessment and Forecast, By Type, 2014-2023
4.4.Bonded abrasives
4.5.Coated abrasives
4.6.Super abrasives
5.Abrasives Market, By End User
5.1.Introduction
5.2.Global Abrasives Sales, Revenue and Market Share by End User (2014-2017)
5.3.The Abrasives Market Assessment and Forecast, By End User, 2014-2023
5.4.General Engineering and Tooling
5.5.Fabrication Industry
5.6.Automotive and Auto Ancillaries
5.7.Electronics
5.8.Other End Users
6.Abrasives Market, By Region
7.Company Profiles
7.1.3M
7.2.DuPont
7.3.Henkel
7.4.Robert Bosch
7.5.Saint-Gobain
7.6.Abrasive Technology
…
8.Global Abrasives Market Competition, by Manufacturer
In 2015, the coated portion ruled the abrasives market and represented over half of the share of the overall industry. Coated abrasives are flexible in nature and are used as a part of the type of belts, sheets, and discs. In addition, the usage of coated abrasives is high in light cleaning applications in the white goods, auto ancillaries, hand and power tools, furniture, fabrications, furniture, sanitary ware, and construction ventures. Factors, for example, the development of worldwide development and manufacturing business will affect the development prospects of this market portion in the coming years.
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