openPR Logo
Press release

Abrasives Market is Anticipated to Maintain its Dominance by 2024 Owing to Popularity Among End-Users | Robert Bosch GmbH, 3M Company, Cosentino S.A., Saint-Gobain Abrasives and more

04-12-2019 08:23 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Abrasives Market

Abrasives Market

The demand for abrasives in the automotive industry is increasing considerably, owing to rise in demand for efficient and smooth surfaces. Moreover, growth in demand for cost-effective synthetic abrasives for electronics and construction applications presents lucrative opportunities for players in the global abrasives market.

According to a new report published by Allied Market Research, titled, "Abrasives Market by Type, Material, and End-user Industry: Global Opportunity Analysis and Industry Forecast, 2017-2023," the abrasives market was valued at $34,615 million in 2016, and is projected to reach $53,634 million by 2023, growing at a CAGR of 6.5% from 2017 to 2023. The automotive segment accounted for nearly half of the global market in 2016.
Download Sample PDF Brochure at: https://www.alliedmarketresearch.com/request-sample/2155

In 2016, Asia-Pacific and LAMEA collectively accounted for nearly half of the global market, in terms of volume, and are expected to continue this trend during the forecast period, owing to increase in urbanization, especially in China, India, Brazil, and other developing countries. Moreover, rapid urbanization, increase in per capita income, and growth in overall consumer expenditure drive the growth of the Asia-Pacific market.

The major companies profiled in the report include Robert Bosch GmbH, Cosentino S.A., 3M Company, Henkel AG & Co. KGAA, Saint-Gobain Abrasives, Inc., Dupont, Asahi Diamond Industrial Co., Ltd., Carborundum Universal Limited, Fujimi Incorporated.

Abrasives are materials, which are used to mold or finish other rough materials through extensive rubbing. Abrasives work by scraping the outer layers or surfaces for removal of unwanted substances or roughness. Abrasives are used in many end use industries such as metal working, wood working, cleaning, and deburring.

Increase in demand from automobile manufacturers, medical device manufacturers, and electronic equipment manufacturers drives the global abrasives market. Moreover, rise in consumption of abrasives in cleaning applications and surface treatment, such as grinding, dimensioning, blending, finishing, sharping, and polishing, are some other key aspects that drive the growth of the global abrasives market. However, strict government regulations on the extraction of natural abrasives and fluctuations in raw material prices hinder the market growth.

Do Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/2155

Abrasives are expected to witness the highest growth rate in automotive industry, owing to increase in demand for passenger and commercial vehicles especially in the developing economies across the globe. Furthermore, rapid urbanization and upsurge in demand for efficient abrasive materials for cutting and grinding precious metals are expected to boost the market growth.

The automotive segment accounted for around half of the global market, in terms of volume, in 2016. The demand of abrasives has increased due to response to the perennial modifications in the automotive industry. Thus, increase in requirement of high-tech synthetic abrasives and rise in adoption of new abrasive materials especially in automotive industry fuel the demand for abrasives across the globe.

About us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David C
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Abrasives Market is Anticipated to Maintain its Dominance by 2024 Owing to Popularity Among End-Users | Robert Bosch GmbH, 3M Company, Cosentino S.A., Saint-Gobain Abrasives and more here

News-ID: 1700673 • Views: 965

More Releases from Allied Market Research

Siloxane Copolymer Lubricants Market Growing Popularity and Emerging Trends | Do …
Allied Market Research published a new report, titled Siloxane Copolymer Lubricants Market: Global Opportunity Analysis and Industry Forecast 2020–2027” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken
Immunoprotein Diagnostic Testing Market Industry Size, Share, Trends, Growth, To …
The global immunoprotein diagnostic testing market was pegged at $10.13 billion in 2019, and projected to reach $18.38 billion by 2027, growing at a CAGR of 6.6% from 2020 to 2027. Rise in incidence of chronic and infectious diseases and advancements in technologies have boosted the growth of the global immunoprotein diagnostic testing market Request Sample Report at: https://www.alliedmarketresearch.com/request-for-customization/486 Rise in incidence of chronic and infectious diseases and advancements in technologies have
Disposable Medical Sensors Market is expected to reach at $9,700 million by 2023 …
The global disposable medical sensor market was valued at $4,823 million in 2016, and is projected to reach $9,700 million by 2023, growing at a CAGR of 10.2% from 2017 to 2023. The biosensor segment accounted for nearly three sevenths share of the total market in 2016. Request Sample Report at:https://www.alliedmarketresearch.com/request-sample/2299 Covid-19 Impact on the Global Disposable Medical Sensors Market: Global Disposable Medical Sensors Market Report provides an overview of the market based
Breast Biopsy Devices Market will be Dominate in coming years 2020-2023 With Ind …
Global breast biopsy market was valued at $977 million in 2016, and is projected to reach at $1,420 million by 2023, growing at a CAGR of 5.3% from 2017 to 2023. Core needle biopsy (CNB) segment accounted for about half of the global market share in 2016. Request Sample Report at:https://www.alliedmarketresearch.com/request-sample/1067 The major factors that boost the market growth include rise in incidence of breast cancer, growth in awareness toward cancer screening

All 5 Releases


More Releases for Abrasives

Coated Abrasives Market Size, Share, Global Industry Report 2022 - Saint-Gobain …
Market Insights Coated Abrasives some in a number of forms, with the most popularly known form being sandpaper. Coated Abrasives are witnessing continued use as an industrial tool, and as a result, the Coated Abrasives Market is likely to grow consistently upward. Market Research Future has identified the various factors affecting the market and recorded them in its newest report on the Global Coated Abrasives Market. According to MRFR, the global
Coated Abrasives Market Size 2022 Analysis by Saint-Gobain Abrasives, Inc, Carbo …
Industry Updates: In June 2018, Walter Surface Technologies, a specialist in surface treatment technologies, has introduced SURFOX 305. It is a patented electrochemical MIG and TIG weld cleaning system that uses coated abrasives for faster, safer and more user-friendly functioning. Market Drivers and Restraints: The increasing application of Coated Abrasive as surface treatment material for various purposes such as auto ancillaries, fabrication, furniture, general engineering, auto OEM, flooring and others is one of
Alumina Zirconia Oxide Abrasives Market Report 2018: Segmentation by Type (< 20 …
Global Alumina Zirconia Oxide Abrasives market research report provides company profile for VSM AG, White Dove, Zhengzhou Jinghua, K.A Refractories Co.,Ltd, Henan Ruishi, Saint-Gobain, Jingjiehui New Ceramic, Imerys, Zhongyue Abrasive and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the
Abrasive Material Market Professional Survey Report 2018: Natural Abrasives, Syn …
This report studies Abrasive Material in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering E. I. du Pont de Nemours and Company Robert Bosch GmbH Cabot Microelectronics Corporation Saint Gobain S.A Tyrolit Schleifmittelewerke
Global Non-woven Abrasives market 2018 - Hermes Abrasives, Dewalt, Arc Abrasives …
Apex Market Reports, recently published a detailed market research study focused on the "Non-woven Abrasives Market" across the global, regional and country level. The report provides 360° analysis of "Non-woven Abrasives Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Non-woven Abrasives industry, and estimates the future trend of Non-woven Abrasives market
Abrasives Market show exponential growth by 2020
Transparency Market Research (TMR) recently published a market study on the global abrasives market. TMR, a market intelligence company based in the U.S., estimates the global abrasives market to be valued at US$51,389.7 million by 2019, growing from US$35,203.6 million in 2012. The TMR research report projects the global abrasives market to grow at a CAGR 5.5% between 2013 and 2019. The research report, titled “Abrasives Market - Global Industry Analysis,