U.S. and Canada Abrasives Market to hit $11.9 billion by 2026, Industry Share, Size, Type, Applications, Industry Verticals, Material, Country and Region-Forecast from 2019 to 2026

U.S. and Canada Abrasive Market size was $7.35 billion in 2018, and is set to surpass $11.9 billion by 2026, witnessing at a CAGR of 6.2% from 2019 to 2026. 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 to gain competitive advantage.

Download Free PDF Sample Report (Including COVID-19 effect Analysis): https://www.alliedmarketresearch.com/request-sample/6475

On the basis of applications, the market is categorized into cutting, sanding, grinding, blending, finishing, brushing, and others. The grinding segment held the largest share in 2018, contributing to more than one-fourth of the total revenue. Moreover, the segment is estimated to register the fastest CAGR of 7.0% during the forecast period.

The U.S. and Canada Abrasive market is segmented on the basis of type, applications, industry verticals, material, and country. Based on type, the market is divided into bonded abrasives, coated abrasives, and super abrasives. The bonded abrasive segment dominated the market in 2018, accounting for nearly half of the market. However, the super abrasives segment is estimated to register the highest CAGR of 6.7% during the forecast period.

The market across the U.S. held the lion's share in 2018, contributing to more than 90% of the market. However, the market across Canada is expected to register the highest CAGR of 7.9% during the study period.

By Application

1. Cutting
2. Sanding
3. Grinding
4. Blending
5. Finishing
6. Brushing
7. Others

Based on industry verticals, the market is divided into automotive (only cars), automotive aftermarket service, construction, oil, gas and petrochemicals, aerospace, food processing, pharmaceuticals, transportation equipment (except cars), metal fabrication, mining, shipyards, others. The aerospace segment is estimated to register the highest CAGR of 7.5% during the forecast period. However, the automotive (only cars) segment dominated the market in 2018, accounting for more than one-fourth of the total market.

High demand from the electronic industry and rise in demand in vehicle and bicycle brakes have boosted the growth of the U.S. and Canada abrasive market. However, restrictions on the use of silica-based abrasives hamper the market growth. On the contrary, increase in demand in the medical and biotechnology sector is expected to create lucrative opportunities in the near future.

Interested in Procuring this Report? Visit Here: https://www.alliedmarketresearch.com/us-and-canada-abrasives-market/purchase-options

The market report includes an in-depth analysis of the major market players such as Avery Abrasives Inc., Robert Bosch GmbH, Hermes Schleifmittel GmbH, Compagnie de Saint-Gobain S.A., Carborundum Universal Limited (CUMI), Klingspor AG, Vereinigte Schmirgel-und Maschinen-Fabriken AG (VSM), Stanley Black & Decker, Pearl Abrasive, Flexovit 3M Inc, Sait Abrasive S.p.A. (United Abrasives, Inc.), Extreme Abrasives, Rapid Abrasives & Accessories Inc., Makita Corporation (Makita Canada Inc.) Gemtex Abrasives and Günter Wendt GmbH.

Key Benefits for Stakeholders:

1. The report provides an in-depth analysis of the forecast along with the current and future market trends.
2. This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period.
3. Porter's five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the industry for strategy building.
4. The qualitative data in this report aims on market dynamics, U.S. and Canada abrasives market trends, and developments.
5. A comprehensive analysis of the factors that drive and restrain the market growth is provided.
6. The U.S. and Canada abrasives market size is provided in terms of revenue.

Similar Report:

Global Abrasives Market
https://www.alliedmarketresearch.com/abrasives-market

Abrasive Corundum Market
https://www.alliedmarketresearch.com/abrasive-corundum-market-A07254

Automotive Interior Materials Market
https://www.alliedmarketresearch.com/automotive-interior-materials-market

Contact:

David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
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

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. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. 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.

This release was published on openPR.