The abrasives industry will relinquish an approximated estimate at a frequency of 5.3% for the projection space of 2021 to 2028 with factor such as increasing demand in automotive and machinery industry.
The abrasives market has shown an exceptional penetration in countries such as the U.S., China and Germany. Growing usage of abrasives is increasing with rise in the penetration in developed countries. In developing countries, the increasing demand in automotive and building and construction is creating opportunity for the global abrasives market.
Abrasives Market Scenario
According to Data Bridge Market Research, the market for abrasives in Europe region has the highest market share followed by Asia-Pacific and North America. Market leader is DuPont which accounts an estimated market share of approximately 5% to 10% globally. The company has gained outstanding sales through their wide range of abrasives due to surging growth in automotive industry in the world.
- In September 2020, DuPont Interconnect Solutions, a unit of DuPont has received “Global Supplier Award” for the leading manufacturer of Printed Circuit Board (PCB) fabricators products. This will help in rise in market goodwill of DuPont with rise in value of sales and revenue of DuPont.
Trends Impacting the Abrasives Market
Now the question is which other regions DuPont, 3M and Robert Bosch GmbH are targeting? Data Bridge Market Research has forecasted a large growth in Europe abrasives market and the market leaders targeting the Germany and U.K. to be their next revenue pockets for 2021.
The abrasives market is becoming more competitive every year with companies such as DuPont, 3M and Robert Bosch GmbH. They are the market leaders for abrasives. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the abrasives market.
For more analysis on the abrasives market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-abrasive-market
Abrasives Market Development
- In November 2020, 3M announced a launch of new product “New TB Quat Disinfectant Ready-to-Use Cleaner” that gets an approval by the U.S. Environmental Protection Agency (EPA). This will help reduction in diseases with rise in sales and revenue of 3M.
Scope of the Abrasives Market
Global abrasives market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Taiwan, Hong Kong, Singapore, Thailand, Malaysia, Indonesia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, UAE, Saudi Arabia, Egypt, Israel, South Africa and rest of Middle East and Africa.
- All country based analysis of abrasives market is further analysed based on further segmentation. On the basis of raw materials, the abrasives market is segmented into natural and synthetic. On the basis of type, the abrasives market is segmented into coated abrasive, bonded abrasive, super abrasive and others. On the basis of product, the abrasives market is segmented into disc, cups, cylinder and others. On the basis of form, the abrasives market is segmented into block form and powdered form. On the basis of application, the abrasives market is segmented into grinding, cutting, polishing, drilling, finishing and others. On the basis of end- user, the abrasives market is segmented into automotive, machinery, aerospace and defence, metal fabrication, building and construction, medical devices, oil and gas, electrical and electronics and others.
To know more about the study https://www.databridgemarketresearch.com/reports/global-abrasive-market
Key Pointers Covered in Abrasives Market Industry Trends and Forecast to 2028
- Market Size
- Market Standards and Changes
- Market Trials in Different Regions
- Market Requirements in Different Regions
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different Regions
- Sales Data for Market Competitors
- Market Key Vendors and Disruptors Study
- Market Supply Chain Competiveness
- Market Value Chain Analysis
Key Market Competitors Covered in the Report
- Saint-Gobain
- DuPont
- 3M
- VSM AG
- NORITAKE CO.,LIMITED
- NIPPON RESIBON CORPORATION
- Robert Bosch GmbH
- DRONCO
- Asahi Diamond Industrial Co.,Ltd.
- Fujimi Incorporated
- WASHINGTON MILLS
- Domill Abrasives
- GMA Garnet Pty Ltd
- WINOA GROUP
- Sankyo-Rikagaku Co., Ltd.
- Mirka Ltd.
- Henkel AG & Co. KGaA
- SAIT ABRASIVI S.p.A.
- Radiac Abrasive
- Asia Abrasives Industries AG
Above are the key players covered in the report, to know about more and exhaustive list of abrasives companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-abrasive-market
Research Methodology: Global Abrasives Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Automotive, Metal fabrication, Oil and Gas, Aerospace and Defence among others
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence and Regulatory Affairs Managers among others.
Related Reports
- Global Rubber Bonded Abrasives Market – Industry Trends and Forecast to 2026
- Global Abrasive Market – Industry Trends and Forecast to 2027
- Global Super Abrasive Market – Industry Trends and Forecast to 2026
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