Abrasives Market 2020 by Manufacturers, Industry Drivers, Countries, and End User Forecast to 2025


Posted July 24, 2020 by pranitahakim

Abrasives are the materials used for cleaning, polishing, and grinding the surface. It helps in providing surface finish and appropriate shape to the material. Abrasives are composed of mineral like types which comprise of different shape and sizes.

 
The driving factors influencing the global abrasives market includes increasing growth of electronics, construction, machinery, metal fabrication, automotive, medical. Due to the increasing manufacturers in the industry the global abrasives market is on the verge to witness tremendous popularity over the forecast period.

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Regional-wise, North America holds the largest market in 2018, followed by Europe owing to increasing growth of automotive and electronics. The region is expected to witness massive growth in the coming future.
The global abrasives market is categorized into several segmentations including material overview, end use overview, type overview and regions. Based on the material overview, the global abrasives market is fragmented into synthetic and natural. Based on the end use overview, the global abrasives market is segregated into machinery, automotive, electrical & electronics, and others. On the basis of the type, the global abrasives market is segregated into coated, bonded, superabrasive, and others.

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Looping on to the regional overview, the global abrasives market is a wide range to the Middle East and Africa, Egypt, Saudi Arabia, Canada, South Africa, Asia Pacific, Argentina, Mexico, Korea, India, France, Turkey, Nigeria, UAE, Europe, Japan, China, UK, Russia, South America, Brazil, Italy, North America, Southeast Asia, Germany, USA, and Columbia.
Abrasives are mainly used in constructions, electronics, automotive, and manufacturing industries to provide a polished surface during manufacturing. Abrasives are also recommended to shape materials through removing surface layers of paint, polish finished products, grinding, and cut hard materials made of steel or concrete.
According to the global construction visionary, the market output has increased by 85% from 2015, reaching $15 trillion, by 2030. Synthetic products barring garnets and synthetic diamonds primarily drive the demand for abrasives, as synthetic types have more uniformity in quality and properties such as high cutting speeds that are desirable in the end-use industries.
The abrasives market is segmented to dominate the market until 2025. Based on the products the market is segmented to rubber, oxychloride, ceramic, shellac, resinoid, silicate of soda which are mainly used for bonding of various grains to produce bonded abrasive products.
Leading players of the abrasives market include Henkel AG & Co. KGAA, Carborundum Universal Limited, Cosentino S.A., Saint-Gobain Abrasives, Asahi Diamond Industrial Co, Fujimi Incorporated, 3M Company, and Robert Bosch GmbH.

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Geographically, Asia Pacific region is anticipated to maintain dominance in the market throughout the forecast period in terms of revenue and volume followed by abrasive market Europe, and abrasive market in US. Electronic & electrical components are poised to augment the regional market due to the growth in urban population and expansion in end-use segments.
Key Segments of the global abrasive market 2019-2025
Type Outlook (Volume, Kilotons; Revenue, USD Million, 2019-2025)
• Bonded
• Coated
• Superabrasives
Material Outlook (Volume, Kilotons; Revenue, USD Million, 2019-2025)
• Natural
• Synthetic
End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2019-2025)
• Automotive
• Machinery
• Metal Fabrication
• Electronic & Electrical Equipment
• Others
Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2019-2025)
• North America
• S.
• Europe
• Germany
• K.
• Asia Pacific
• China
• India
• South & Central America
• Brazil
• Middle East & Africa
• Saudi Arabia

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What to expect from the Global Hydrogenated Nitrile Butadiene Rubber Market report?

• Predictions of future made for this market during the forecast period.
• Information on the current technologies, trends, devices, procedures, and products in the industry.
• Detailed analysis of the market segmentation, depending on the types, devices, and products.
• Government regulations and economic factors affecting the growth of the market.
• An insight into the leading manufacturers.
• Regional demographics of the market.
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Issued By Ryan Johnson
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Business Address 3131 McKinney Ave Ste 600, Dallas, TX75204, U.S.A.
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Categories Advertising , Business
Tags abrasives market , abrasives market size , global abrasives market
Last Updated July 24, 2020