Global Abrasive Market, By Material (Natural, Synthetic), Type (Bonded, Coated, Super), Product Type (Disc, Cups, Cylinder), End-Use Industry (Automotive, Machinery, Aerospace, Metal Fabrication, Electrical & Electronics), Geography (North America, South America, Europe, Asia-Pacific, Middle East And Africa)– Industry Trends and Forecast to 2025
Market Analysis: Global Abrasive Market
The Global Abrasive Market is expected to reach USD 58.5 billion by 2025, from USD 43.5 in 2017 growing at a CAGR of 6.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year is 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Abrasive Market
Abrasives are an entrenched worldwide market with a long history of items, advances and gradually developing business sector patterns. Exceptional and novel innovations are proceeding to make advances into the everyday and settled rough item and innovation showcase. Organizations that are championing these advances are wagering on the decrease in lifetime costs for rough item end clients in spite of the way that the forthright expenses are higher. These have long haul impacts in the commercial centre, and market entrance of these advances happens descending from the high-esteem end applications. Abrasives are grouped into normal abrasives including garnet, corundum, emery, and pumice and synthetic abrasives with synthetic precious stone, silicon carbide, and alumina among others. Besides, abrasives can be moreover bonded or covered. Bonded abrasives remain joined to a network, which is otherwise called a binder. They are prepared of regularly elastic, dirt, pitch or glass, while covered abrasives are settled to a support material, for example, paper, fabric, sap, polyester or metal. The revenue generated from adhesives and sealants from different U.S companies are 3M USD 30.1 billion, Dow Chemical USD 48 billion, Avery Dennison USD 6.09, RPM International Inc. USD 4.81 and MAPEI USD 2.69
- Rising metal fabrication industry
- Growing automobile market
- Decreasing cost of synthetic diamond
- Volatile costs of raw materials
- Stringent regulations
Segmentation: Global Abrasive Market
- Coated Abrasives
- Bonded Abrasives
- Super Abrasives By Technology
By End-Use Industry
- Electrical & Electronics
- Automotive & Transportation
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- North America
- Rest of Europe
- South America
- Rest of south America
- Middle East & Africa
- South Africa
- Rest of MEA
Competitive Analysis: Global Abrasive Market
The global abrasives market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of abrasives market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Henkel has signed an agreement to acquire Aislantes Nacionales South America a major player in the Chilean tile adhesive and building materials market.
Key Market Competitors: Global Abrasive Market
The key players operating in the global abrasives market are –
- Robert Bosch GmbH
- 3M Company
- Compagnie De Saint-Gobain S.A
Axiom Materials, Inc. The other players in the market are Cytec Solvay Group, Royal Ten Cate (Tencate Advanced Composites), Master Bond, Nusil, Axiom Materials, Inc., Lord Corporation, Bondline Electronic Adhesives, AI Technology, Gurit, Fastel Adhesives and Substrate Products, Rogers Corporation, Plitek, Gluetex, Dai Nippon Printing Co., Ltd., HMT Manufacturing, Everad Adhesives, Permabond, Protavic International, L&L Products among other.
Research Methodology: Global Abrasive 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 inquiry.
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, other 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.
Key Insights in the report:
- Historical and current market size and projection up to 2025.
- Market trends impacting the growth of the global abrasives market.
- Analyse and forecast abrasives market on the basis of material, type, product type, end user
- Trends of key regional and country-level markets for material, type, product type, end user
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis.