openPR Logo
Press release

COVID-19 Impact on Abrasives Market in 2020 - Know the Forecast Demand till 2026 | 3M, Saint-Gobain, KREBS & RIEDEL Schleifscheibenfabrik GmbH & Co. KG, Fujimi Corporation, etc

Abrasives Market

Abrasives Market

Abrasives Market Drivers, Influencer and Restraints

The increasing demand for abrasives in the automotive industry will have a positive impact on the abrasives market growth. Moreover, coated and non-woven abrasives are both used to refinish auto bodies. Therefore, the surge in the sales of automobiles will boost the abrasives market revenue during the forecast period. Furthermore, the growing auto-export in countries such as India will fuel demand abrasives in the forthcoming years. According to data released by India's Department for Promotion of Industry and Internal Trade (DPIIT). The industry has attracted Foreign Direct Investment (FDI) worth US$ 22.35 billion during the period from April 2000 to June 2019. In addition, the growing investment by foreign giants for the development of automobile manufacturing plants will steer the potential for abrasives in the foreseeable future. For instance, in October 2018, As of October 2018, Honda Motors Company announced to set up its third factory in India for launching hybrid and electric vehicles with the cost of Rs 9,200 crore (US$ 1.31 billion), its largest investment in India so far.

The Global Abrasives Market Size is predicted to reach USD 59.34 billion by 2026, exhibiting a CAGR of 6.1% during the forecast period.

Get Sample PDF Brochure with "Short-Term and Long-Term Impact of COVID-19" on Market, Please Visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/abrasives-market-102177

According to the report, published by Fortune Business Insights in a report, titled "Abrasives Market Size, Share & Industry Analysis, By Materials (Natural and Synthetic), By Product (Bonded, Coated, and Super Abrasive), By Application (Automotive, Electrical & Electronics, Metal Fabrication, Machinery, and Others), and Regional Forecast, 2019-2026" the market size stood at USD 37.09 billion in 2018.

The report incorporates several factors that have impacted the abrasives market share in recent years. Besides providing insights on the growth stimulators, it reveals a few factors that have restricted the market growth. The report highlights a few of the leading products, significant companies, and considerable industry developments of recent times. The competitive landscape has been discussed in-depth in the abrasives market report. Forecast values for the market have been provided in the report for the period of 2019 to 2026. Moreover, the report recognizes areas that have witnessed the highest demand and applications for the product in recent years.

Some of the Major Companies Operating in the Abrasives Market Include:

o 3M
o Saint-Gobain
o KREBS & RIEDEL Schleifscheibenfabrik GmbH & Co. KG
o Asahi Diamond Industrial Co., Ltd.
o Robert Bosch GmbH
o Fujimi Corporation
o Henkel AG & Co. KGaA

Gain More Insights into the Abrasives Market Research Report: https://www.fortunebusinessinsights.com/abrasives-market-102177

Launch of New Quantum3 by Saint-Gobain to Support Proliferation

Saint-Gobain Abrasives, the global leader in abrasives and cutting, grinding, and finishing operations, unveiled its new Norton QUANTUM3(TM) RightCut Wheels, adding to its Norton QUANTUM3(TM) (NQ3) lines of Depressed Center Grinding Wheels and Combination Wheels. Furthermore, the Saint-Gobain Abrasives also partnered with Airgas to provide Norton QUANTUM3(TM) RightCut Wheels through Airgas exclusively for a limited period of 3 months. Air Airgas is a leading U.S. supplier of industrial, medical and specialty gases as well as related hard goods, including maintenance, repair and operations (MRO), welding and safety equipment and supplies. The collaboration between both companies is expected to aid the abrasives market trends in the forthcoming years. Furthermore, Product Manager Cutting-off & Grinding Wheels Northern Europe & South Africa at Saint-Gobain Abrasives said in a statement "Increased user comfort is a massive bonus for Norton Quantum3 Grinding Wheels thanks to the special grain/bond composition which adapts to all grinding conditions and leads to a reduction in the vibration levels during the operation, this, in turn, maximizes performance."

Rising Technological Advancement to Propel Market in North America

The market in North America stood at USD 9232.8 million in 2018 and is expected to grow rapidly during the forecast period. The growth in the region is attributable to the advancement in precision tooling and machine part manufacturing along with technological development. Europe is likely to witness high growth during the forecast period owing to the automobile production hub in the region. The rising demand for cleaning and maintenance of automobiles to augment the growth of the market in Europe.

Ask for Customization Click Here: https://www.fortunebusinessinsights.com/enquiry/customization/abrasives-market-102177

Contact Us:

Fortune Business Insights Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune - 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com

About Us:

Fortune Business Insights(TM) offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights(TM), we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

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 COVID-19 Impact on Abrasives Market in 2020 - Know the Forecast Demand till 2026 | 3M, Saint-Gobain, KREBS & RIEDEL Schleifscheibenfabrik GmbH & Co. KG, Fujimi Corporation, etc here

News-ID: 2065094 • Views: 270

More Releases from Fortune Business Insights(TM)

RTD Coffee Market: How the Business Will Grow in 2026 ? Prominent Players: Pepsi …
The global RTD coffee market boasts an unparalleled distribution channel in the Asia Pacific, which as per Fortune Business Insights is a key factor supporting its expansion in the region. In its report, titled "Ready to Drink Coffee Market Size, Share and Industry Analysis By Packaging Material (Glass and PET Bottles, Cans), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail), and Regional Forecast 2018-2025", Fortune Business Insights has found that
Why the Probiotics Market is set to explode? Top Companies: o Danone S.A., Lalle …
According to the recent report published by Fortune Business Insights, titled "Probiotics Market Size, Share and Global Trend By Microbial Genus (Lactobacillus, Bifidobacteria, Yeast), By Application (Functional Food and Beverage, Dietary Supplement, Animal Feed), By Distribution Channel (Supermarkets/Hypermarkets, Pharmacies/Health Stores, Convenience Stores, Online Retail), and Geography Forecast till 2025," the market was valued at USD 42.55 billion in 2017 and is projected to reach USD 74.69 billion by the end
Plastics Market Affects due to Coronavirus Pandemic | Know The Short and Long-Te …
Fortune Business Insights(TM) recently published a research report titled, "Plastics Market, Share & Industry Analysis, By Type (Polyethylene, Polypropylene, Polyethylene Terephthalate, Polyvinyl Chloride, Acrylonitrile Butadiene Styrene, Polyamide, Polycarbonate, Polyurethane, Polystyrene, and Others), By End-Use Industry (Packaging, Automotive & Transportation, Infrastructure & Construction, Consumer Goods/Lifestyle, Healthcare & Pharmaceutical, Electrical & Electronics, Textile, and Others), and Regional Forecast, 2019-2026". Global Plastics Market Recent Growth Factors, Trends, Size, Share and Forecast to 2026The report
Activated Carbon Market: Growth Opportunities Created by COVID-19 Outbreak! | Ac …
The Global Activated Carbon Market Size is slated to reach USD 4.09 billion by 2026, exhibiting a CAGR of 5.2% during the forecast period. Fortune Business Insights(TM), in its new report, titled "Activated Carbon Market Size, Share & Industry Analysis, By Form (Powdered, Granular, and Others), By Application (Water Treatment, Air & Gas Purification, Food & Beverage, Others), and Regional Forecast, 2019-2026", states that the value of the market stood

All 5 Releases


More Releases for Abrasive

Global Abrasive Material Market Professional Survey Report
The global Abrasive Material market was valued at million US$ in 2018 and will reach million US$ by the end of 2025, growing at a CAGR of during 2019-2025. This report focuses on Abrasive Material volume and value at global level, regional level and company level. From a global perspective, this report represents overall Abrasive Material market size by analyzing historical data and future prospect. Regionally, this report categorizes the production, apparent
Global Abrasive Blasting Machines Market Forecast 2018-2025 Graco, Airblast, Emp …
A detailed market study on "Global Abrasive Blasting Machines Market" examines the performance of the Abrasive Blasting Machines market. It encloses an in-depth Research of the Abrasive Blasting Machines market state and the competitive landscape globally. This report analyzes the potential of Abrasive Blasting Machines market in the present and the future prospects from various angles in detail. The Global Abrasive Blasting Machines Market 2018 report includes Abrasive Blasting Machines market
Global Abrasive Belt Market Forecast 2018-2025 SIA Abrasive, ARC Abrasives, Nori …
Recently added detailed market study "Global Abrasive Belt Market" examines the performance of the Abrasive Belt market 2018. It encloses an in-depth Research of the Abrasive Belt market state and the competitive landscape globally. This report analyzes the potential of Abrasive Belt market in the present and the future prospects from various angles in detail. The Global Abrasive Belt Market 2018 report includes Abrasive Belt market Revenue, market Share, Abrasive Belt
US Abrasive Product Market, 2025
IndexBox has just published a new report "U.S. Abrasive Product Market. Analysis And Forecast to 2025" ( http://www.indexbox.co.uk/store/us-abrasive-product-market-analysis-and-forecast-to-2020?utm_source=opr ). This report is best suitable for you if you: • Are planning to enter a new geographical market and wish to know which one is best for your product • Are planning to enter a new product market and want to have a detailed overview of the market before entering • Already work in a
Nov 7, 2017 : Abrasive Blast Systems Market Forecast 2023 Titan, Abrasive Blast, …
A market study ” Global Abrasive Blast Systems Market Forecast ” examines the performance of the Abrasive Blast Systems market Size 2017. It encloses an in-depth Research of the Abrasive Blast Systems market state and the competitive landscape globally. This report analyzes the potential of Abrasive Blast Systems market in the present and the future prospects from various angles in detail. Get Free Sample Of Report: https://goo.gl/TqiFhN The Global Abrasive Blast Systems
Global Abrasive Blasting Equipment Market 2017- Clemco Industries, Airblast, Emp …
The Report entitled Global Abrasive Blasting Equipment Market 2017 analyses the crucial factors of the Abrasive Blasting Equipment market based on present industry situations, market demands, business strategies adopted by Abrasive Blasting Equipment market players and their growth scenario. This report isolates the Abrasive Blasting Equipment market based on the key players, Type, Application and Regions. The Abrasive Blasting Equipment industry research report mainly focuses on Abrasive Blasting Equipment industry in