Abrasives Market to Witness Huge Growth by Key Players: Robert Bosch GMBH, 3M Company, Sak industries, Fujimi Incorporated, Tyrolit Group, Deerfos Co Ltd

Global Abrasives Market 2020-2025, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.

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The global abrasives market size is projected to grow from USD 46.4 billion in 2020 to USD 58.0 billion by 2025, at a CAGR of 4.5% from 2020 to 2025. This report spread across 175 Pages, Profiling 20 Companies and Supported with xx Tables and xx figures are now available in this research.

Top Companies Profiled in the Abrasives Market:
• Robert Bosch GMBH (Germany)
• 3M Company (U.S.)
• Sak industries (India)
• Saint-Gobain Abrasives, Inc. (US)
• Fujimi Incorporated (Japan)
• Henkel AG & CO. KGAA (Germany)
• Tyrolit Group (Austria)
• Asahi Diamond Industrial Co., LTD (Japan)
• Deerfos Co., Ltd (Korea)
• Carborundum Universal Limited (India)

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Based on type, the bonded segment is projected to be a faster-growing market during the forecast period. The bonded sector is projected to be the fastest-growing type segment in the next five years. Due to the focus on rapid industrialization in emerging economies, and development of the metal fabrication industry is expected to shift the inclination of both, suppliers and consumers towards abrasive. Increasing demand in welding, automotive, foundry, jewelry industries is also anticipated to propel bonded abrasives market in next five years.

“Increasing demand from the machinery industry coupled with the growing automotive industry is expected to drive the abrasive market.”
The growth of the abrasives market is driven by the increased demand for automotive and machinery, throughout the world, especially in Asia Pacific due to urbanization and industrialization. Also, the accurate manufacturing features involving various applications (grinding, cutting, polishing, sanding, and others) of the abrasive are attracting the end-use industry significantly.

“In terms of both value as well as volume, the Asia Pacific region is expected to account for the largest share in the global abrasives market during the forecast period.”
Asia Pacific is the fastest-growing market for abrasives due to its increasing economic growth. The market for Asia Pacific is projected to grow at the highest rate during the forecast period. The rise in disposable income, exceptional demand for passenger and commercial vehicles, and rise in the sales of electronic devices are driving the abrasive market.

Competitive Landscape of Abrasives Market:
1. Overview
2. Competitive Situations & Trends
3. Mergers & Acquisitions
4. Agreements, Collaborations & Joint Ventures
5. Expansions & Investments
6. New Product/ Service Launches

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Reason to access this report:
The report is projected to help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers of the overall abrasives market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market and gain insights to improve the position of their businesses and plan suitable go-to-market strategies.

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