Global Abrasive Grains Market Is Expected to Reach USD 8.61 Billion by 2025

As per the report published by Fior Markets, the global abrasive grains market is expected to grow from USD 5.18 Billion in 2017 and expected to reach USD 8.61 Billion by 2025at a CAGR of 6.64% during the forecast period 2018-2025.

Abrasives are extremely common grains and are used very extensively in a wide variety of industrial, technological, and domestic applications. This has resulted into large variation in the physical and chemical composition of abrasives as well as the shape of the abrasive grains to use among the industries. Some common uses for abrasives include polishing, buffing, honing, cutting, grinding, drilling, sharpening, lapping, and sanding. Abrasives grains are used in the form of grindingsandpapers, wheels, cut-off wheels, polishes, honing stones, tumbling and vibratory mass-finishing media, sandblasting, pulp stones, ball mills, and still other tools and products. Abrasives grains are most popular forthe production of ultra-smooth surfaces andhighly precise components required in the manufacture of airplanes,automobiles, and space vehicles, mechanical and electrical appliances, and machine tools. In addition to this trends such as use of abrasive grans in the water jet cutting technology in the industrial applications for the achieving efficient and faster operation is increasing significantly in the recent years.

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An abrasive is a type of very hard material, and these abrasive grains are used in a wide range of industrial, domestic, and technological applications. Abrasives grains are used for to shape or finishing of a work piece. They are used to scour, grind, clean, abrade, and remove solid materials by the action of rubbing. When finishing a material it is often thought of as a reflective surface or even means to polish the material to gain a smooth surface. However some finishes require roughening as in beaded, matte or satin finishes.

Global abrasive grains market is expected to witness rapid growth over the forecast period, owing to increasing demand for abrasives grains from the automotive industry. In addition to this, an increasing popularity of abrasive grains in the grinding and polishing application in the end use sectors such as metal fabrication and metal forming, further boosting the growth of market. However, volatility in the cost of raw materials is expected to hinder the market growth over the forecast period.

Key players operating in the global abrasive grains market includeSaint-Gobain Abrasives, Inc., 3M Company, Arc Abrasives, Inc., Imerys SA, V S M Abrasives Corporation, K.A Refractories Co.,Ltd., Henan Ruishi Renewable Resources Group Co., Ltd., and White Dove Abrasives Co.,Ltd,among others. To enhance their market position in the global abrasive grains market, the key players are now focusing on adopting the strategies such as product innovations, mergers & acquisitions, recent developments, joint venture, collaborations, and partnership. Many companies of abrasive gains market are investing in the research and development activities, for the development of new product, is further boosting the market growth over the forecast period.

For instance, in August, 2017, VSM Abrasives has announced a new line of ceramic coated abrasive products.
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> 60 grit abrasives segment held largest market share of 45.43% in 2017

Type segment includes < 20 grit abrasives, 20 - 60 grit abrasives, and > 60 grit abrasives. > 60 grit Abrasives segment held largest market share of 45.43% in 2017. For smoothing surfaces and removing small imperfections 80- to 120-grit sandpaper are used. For finishing surfaces smoothly, super fine sandpaper with 360- to 600-grit are commonly used across the globe.

Steel segment is anticipated to grow at highest CAGR of 7.01% over the forecast period

Application segment includes steel, cast iron, and others. Steel segment is anticipated to grow at highest CAGR of 7.01% over the forecast period. Steel abrasive are one of the steel particles that are used in the peening media or abrasives. They are usually available in two different shapes including shot and grit that fulfils the demand for different industrial applications. Steel grit commonly comes in the angular shape. These steel abrasive grains are obtained by crushing steel shot, therefore they exhibit broken sections and sharp edges. Harder than steel shot, it is also available in different sizes and harnesses. The most important properties for steel abrasives are grain size and shape, hardness, toughness and cleanliness (lack of oxides, contaminants, etc.).

RegionalSegment Analysis of the Abrasive GrainsMarket

North America (U.S. , Canada, Mexico)
Europe (Germany, France, U.K., Italy, Spain, Rest of the Europe)
Asia-Pacific (China, Japan India, Rest of APAC)
South America (Brazil and Rest of South America)
Middle East and Africa (UAE, South Africa, Rest of MEA)
The regions analysed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. Asia Pacific held the largest market share of 45.56% in the year 2017. The demand for abrasive grains is mainly due to surge in construction and manufacturing sector across the region. The emerging economies in the regions such as China and India are adopting the high end technologies for the manufacturing abrasive grains, further driving the growth of market in the Asia Pacific region. China held the largest market share in the abrasive grains in the Asia Pacific region. This is mainly due to presence of many key vendors as well as local vendors across the country. In addition to this, North America is anticipated to hold the significant market share in the global abrasive grains market, sophisticated machine part units and precision tolling development in the region.

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About the report:

The global abrasive grains market is analysed on the basis of value (USD Billion), volume (K MT), consumption (K MT), imports (K MT) and exports (K MT).All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter's five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution and marketing channels analysis.

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