Abrasives Market Size - Industry Outlook Report 2021

Abrasives Market Size, Capacity, Trends, Outlook, Research, Analysis, Growth | Industry Report 2021 Market Research Report to It’s a Database.

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The global abrasives market size is projected to grow from USD 41.21 billion in 2015 to reach USD 58.43 billion by 2021, at a projected CAGR of 6.10%. The growth of this market is driven by the increased demand from the automotive and machinery industries globally, especially in Asia-Pacific due to urbanization and industrialization. Also, the accurate manufacturing features involving various applications (grinding, cutting, polishing, sanding, and others) of abrasives are attracting the end-use sectors significantly. With the emergence of new technologies, contractors and consumers are looking for advanced and accurate manufacturing, which are driving market for abrasives globally.

The coated sector is projected to be the fastest-growing segment on the basis of type, in the next five years. Due to the focus on rapid industrialization in emerging economies and development of the metal fabrication industry, a shift is expected towards the inclination of both, suppliers and consumers, towards abrasives. Increasing demand in welding, automotive, foundry, and jewelry industries is also expected to drive the coated abrasives market in next five years. Market participants are focusing on novel products such as wide belts, flexible belts, nonwoven fabric abrasives, seeded gel abrasives, and polyester backed abrasives. This factor is also expected to boost demand over the forecast period.

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Primary interviews were conducted with a number of industry experts in order to collect data related to different aspects of the abrasives market. Primary sources include professionals such as opinion leaders, executives, vice presidents, and CEOs of companies in the construction sector and abrasivesindustry. The following is the breakdown of primaries:

• By Company Type: Tier 1: 43%; Tier 2: 33%; Tier 3: 24%
• By Designation: C-level: 40%;Manager Level: 35%;Others: 25%
• By Region: North America: 40%; Europe: 20%; Asia-Pacific: 25%; RoW: 15%

Key Points From Table Of Content:

5 Market Overview

5.1 Introduction
5.2 Evolution
5.3 Market Segmentation
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Demand-Side Drivers
5.4.1.1.1 Rising Metal Fabrication Industry
5.4.1.1.2 Growing Automobile Market
5.4.1.1.3 Massive Production of Electronic Components
5.4.1.1.4 Growing Medical Devices Market
5.4.1.2 Supply-Side Drivers
5.4.1.2.1 Decreasing Cost of Synthetic Diamond
5.4.2 Restraints
5.4.2.1 Demand-Side Restraints
5.4.2.1.1 Stringent Regulations
5.4.2.2 Supply-Side Restraints
5.4.2.2.1 Volatile Costs of Raw Materials
5.4.3 Opportunities
5.4.3.1 Untapped Asia-Pacific Region has Huge Scope for the Abrasives Market
5.4.3.2 Increasing Demand From the E-Commerce Industry
5.4.4 Challenges
5.4.4.1 High Import Costs
5.5 Cost Comparison of Abrasives: Garnet vs Sand

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13 Company Profiles

(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
13.1 Introduction
13.2 Robert Bosch GmbH
13.3 3M Company
13.4 Saint–Gobain Abrasives, Inc.
13.5 Henkel AG & Co. KGAA
13.6 Asahi Diamond Industrial Co., Ltd.
13.7 E.I. Du Pont De Nemours and Co.
13.8 Fujimi Incorporated
13.9 Carborundum Universal Limited
13.10 Deerfos Co., Ltd.
13.11 Tyrolit Group

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