Press release
Abrasives Industry - Know the Prominent Factors That Will Help in Reshaping the Market Growth
Abrasives Market
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Abrasive technology is the use of abrasives to shape or finish a workpiece. Abrasives are natural or synthetic materials that are harder than the workpiece material and are used to wear away the workpiece or remove material from it. Common abrasives include alumina, silicon carbide, and diamond. Abrasive technology includes the following processes: grinding, lapping, polishing, and honing.
Key Trends
Abrasives technology is constantly evolving to meet the needs of industries that rely on abrasives for their operations. Some of the key trends in abrasives technology include:
• The development of new and more effective abrasives.
• The development of new and more efficient ways to use abrasives.
• The development of new and more effective methods for abrasive manufacturing.
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Key Drivers
The abrasives market is driven by the growing demand for abrasive products in the automotive and construction industries. The automotive industry is the largest consumer of abrasives, accounting for more than 50% of the total demand. The construction industry is the second-largest consumer of abrasives.
Market Segments
By Product
• Bonded
• Coated
• Others
By Application
• Automotive & Transportation
• Heavy Machinery
• Metal Fabrication
• Electrical & Electronics Equipment
• Others
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Key Players
• 3M
• Saint-Gobain
• Robert Bosch
• Dyson
• Sia Abrasives
• Klingspor
• Norton Abrasives
• Hitachi Koki
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