Australia Abrasives Market, By Raw Material (Natural And Synthetic), Type (Coated Abrasive, Bonded Abrasive, Super Abrasive and Others), Product (Disc, Cups, Cylinder and Others ), Form (Block Form and Powdered Form), Application (Grinding, Cutting, Polishing, Drilling, Finishing and Others), End-User (Automotive, Machinery, Aerospace and Defence, Metal Fabrication, Building and Construction, Medical Devices, Oil and Gas, Electrical and Electronics and Others), Country (Australia) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Australia Abrasives Market
Australia abrasives market is expected to gain market growth in the forecast period of 2020 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.6% in the forecast period of 2021 to 2028 and expected to reach USD 640,332.79 thousand by 2028.
Abrasives are a substance used for grinding, cutting, polishing, and drilling of solid surfaces that can further be used by different end-users such as oil and gas, metal fabrication, aerospace, and others. They are considered the maximum in the automotive industry, giving a smooth surface finish to various automobiles and automotive bodies. Abrasives are available to individuals by using different raw materials such as natural and synthetic. The abrasives have wide use in automotive, machinery, aerospace and defense, medical devices, oil, and gas industries.
The abrasives markets are growing because of the rise in demand from the automotive and electrical, and electronics industry, increasing demand for abrasives in Australia abrasives market at a higher rate.
The major factors which are expected to hamper the market’s growth are the high cost of labour and raw materials of abrasives, which restrain the growth of the abrasives. Along with it smelting abrasives with environmental pollution is the problem faced by manufacturers in manufacturing the abrasives. The manufacturers are focusing on innovative and automotive techniques to produce abrasives that will help to cope with the restrain of Australia abrasives market.
This Australia abrasives market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Australia Abrasives Market Scope and Market Size
Australia abrasives market is categorized into six notable segments based on raw material, type, product, form, application, and end-user.
- On the basis of raw materials, the Australia abrasives market is segmented into natural and synthetic. Natural segmented is further segmented into diamond, garnet, corundum, quartz and others. In 2021, the synthetic segment is expected to dominate the Australia abrasives market because of the easy availability of raw materials used in the manufacturing of synthetic abrasives helps boost its demand in the forecast year.
- On the basis of type, the Australia abrasives market is segmented into coated abrasive, bonded abrasive, super abrasive and others. In 2021, coated abrasive is expected to dominate the Australia abrasives market because coated abrasive increases the efficiency and shelf life by increasing the flexibility which is been coated by the use of any of the glue, resins, among others, which helps to boost its demand in the forecast year.
- On the basis of product, the Australia abrasives market is segmented into disc, cups, cylinder and others. In 2021, disc is expected to dominate the Australia abrasives market because it is able to use a fixed as well as a portable tool that helps in order to cut, roughing or sanding any material, through friction, which helps to boost its demand in the forecast year.
- On the basis of form, the Australia abrasives market is segmented into block form and powdered form. In 2021, block form is expected to dominate the Australia abrasives market because block form is easy to be transformed into any desired shape.
- On the basis of application, the Australia abrasives market is segmented into grinding, cutting, polishing, drilling, finishing and others. In 2020, polishing is expected to dominate the Australia abrasives market because polishing application of abrasives is the most used application.
- On the basis of end-user, the Australia abrasives market is segmented into automotive, machinery, aerospace and defense, metal fabrication, building and construction, medical devices, oil and gas, electrical and electronics and others. In 2021, automotive is expected to dominate the Australia abrasives market because automotive sector has regular cleaning procedures which require abrasives in large quantities, which helps to boost its demand in the forecast year.
Australia Abrasives Market Country Level Analysis
Australia abrasives market is analysed and market size information is provided by country, raw material, type, product, form, application, and end-user as referenced above.
Australia dominates the abrasives market as in Australia the import and consumption of abrasives are increasing.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Increasing Demand of Abrasives in Australia
Australia abrasives market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in Australia abrasives and changes in regulatory scenarios with their support for the Australia abrasives market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Australia Abrasives Market Share Analysis
Australia abrasives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Australia abrasives market.
The major players covered in the report are Saint-Gobain, 3M, DuPont, VSM AG, NORITAKE CO.,LIMITED, NIPPON RESIBON CORPORATION, Robert Bosch GmbH, Asahi Diamond Industrial Co., Ltd, GMA Garnet Pty Ltd, sia Abrasives Industries AG, Henkel AG & Co. KGaA, Radiac Abrasives, Makita Corporation, Techtronic Industries Co. Ltd., CARBORUNDUM UNIVERSAL LIMITED, Hermes Abrasives Australia Pty Ltd, INDASA, Klingspor Australia Pty Ltd, and PFERD Australia Pty Ltd, among others, among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide which are also accelerating the growth of Australia abrasives market.
For instance,
- In March 2018, GMA Garnet Pty Ltd announced participation in green initiatives focusing on renewable energy rather than on coal to resolve the issue related to climate change. This will increase the sales and revenue and a rise in the goodwill of the GMA Garnet Pty Ltd
- In May 2019 VSM AG has received a German Innovation Award in ceramic-grain abrasive ACTIROX. The award was given for aggressive and rapid cutting action. This will lead to an increase in goodwill with growth in the value of sales and revenue of VSM AG
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for Australia abrasives through expanded range of size.
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