Global Abrasive Market, By Type (Bonded Abrasives, Coated Abrasives, Super Precision Abrasives, and Super Construction Abrasives), Material (Natural Abrasives, Synthetic Abrasives), Abrasive Material Type (Conventional Abrasives, Super Abrasives), End-User Industry (Metal Manufacturing, Electronics, Construction, Automotive, Aerospace, Medical, Oil and Gas, Other End-user Industries), Application (Grinding, Cutting, Polishing, Drilling, Other Applications), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Abrasive market is expected to be growing at a growth rate of 4.50% in the forecast period of 2020 to 2027. Abrasive market report analyses the growth, which is currently being growing due to the swiftly increasing construction sector in developing economies.
An abrasive is a material, often mineral, used to shape or finish a workplace through rubbing which results in friction wearing away part of the workplace. They are extensively utilized in several applications such as cutting, polishing, grinding, drilling, and other applications.
The swift increasing manufacturing sector around the world, increasing automotive, metal fabrication, machinery, electronics, electrical, medical, and construction industries, rising popularity of super abrasives are some of the factors contributing to the growth of the abrasive market in the forecast period of 2020-2027. On the other hand, the increasing furniture and interior industry and growing production of electronics products will further create several opportunities that will lead to the growth of the abrasive market in the above mentioned forecast period.
Strict regulations on usage of silica abrasives is expected to restrain the growth of the abrasive market in the above mentioned.
This abrasive market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on abrasive market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Abrasive Market Scope and Market Size
Abrasive market is segmented on the basis of type, material, abrasive material type, end-user industry, and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the abrasive market is segmented into bonded abrasives, coated abrasives, super precision abrasives, and super construction abrasives.
- On the basis of material, the abrasive market is segmented into natural abrasives and synthetic abrasives.
- On the basis of abrasive material type, the abrasive market is segmented into conventional abrasives and super abrasives.
- On the basis of end-use industry, the abrasive market is segmented into metal manufacturing, electronics, construction, automotive, aerospace, medical, oil and gas, and other end-user industries.
- On the basis of application, the abrasive market is segmented into grinding, cutting, polishing, drilling, and other applications.
Abrasive Market Country Level Analysis
Abrasive market is analysed and market size, volume information is provided by country, type, material, abrasive material type, end-user industry, and application as referenced above.
The countries covered in the abrasive market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the abrasive market due to the growing economic growth and swift growth in industries such as automotive, machinery and metal fabrication in the region.
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 consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis 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 domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Abrasive Market Share Analysis
Abrasive 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, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to abrasive market.
The major players covered in the abrasive market report are Robert Bosch GmbH, 3M, Saint-Gobain, FUJIMI INCORPORATED, Henkel, Tyrolit Schleifmittelwerke Swarovski KG, Asahi Diamond Industrial Co., Ltd., Deerfos, SAKSOFT, Carborundum Universal Limited, KWH Mirka, Ltd., Nippon Resibon Corporation, Dronco GmbH, DuPont, Krebs & Riedel Schleifscheibenfabrik GmbH & Co. KG, Jason Incorporated, and NORITAKE CO., LIMITED among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Abrasive Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.