Market Research Report
Abrasives - Global Market Outlook (2017-2026)
|Published by||Stratistics Market Research Consulting||Product code||652592|
|Published||Content info||187 Pages
Delivery time: 1-2 business days
|Abrasives - Global Market Outlook (2017-2026)|
|Published: April 1, 2018||Content info: 187 Pages||
According to Stratistics MRC, the Global Abrasives market is accounted for $40.50 billion in 2017 and is expected to reach $78.65 billion by 2026 growing at a CAGR of 7.7% during the forecast period. Some of the factors that are fuelling the market are rapid expansion of automotive production, establishments of metal fabrication industries and huge production of electric components, increasing medical devices market. On the other hand, restricted use of silica-based abrasives, growing environmental concerns and high cost of raw materials used are hampering the market.
Abrasives otherwise called as minerals, which is used to shape work piece on rubbing. It is a process involves roughening as in satin, matte or beaded finishes. On the basis of types, bonded abrasives is expected to hold the largest market value due to rise in per capita disposable incomes and increase in demand for passenger and commercial vehicles. On the other hand, synthetic abrasives segment of materials is expected to remain largest market due to durability, high efficiency and physical properties.
By Geography, Asia Pacific region has dominated the market during the forecast period due to expansion in end-use segments and increasing demand for high quality electronics followed by North America and Europe.
Some of the key players in Abrasives market include 3M, Almatis GmbH, Asahi Diamond Industrial Co Ltd., Cabot Microelectronics Corporation, Carborundum Universal Limited, DuPont, Fujimi Incorporated, Henkel AG & Co. KGaA, Jason Incorporated, Robert Bosch GmbH, Saint-Gobain Abrasives, Tyrolit Schleifmittelwerke Swarovski K.G.