Maximize Market Research, has published competitive intelligence market research report on Abrasives Market. The Market overview gives thorough details about the industry trends, barriers, competitive strategies, segment wise market analytics & country wise scope.
Abrasives are materials with a hard mineral composition that are used to polish, grind, and clean surfaces. They are typically employed in polishing with magnetic fields, abrasive jet machining, and ultrasonic machining. As they help to eliminate extraneous sizing, slicing, and material, they are frequently employed in the production of delicate components or the creation of ultra-smooth surfaces for machines and aeroplanes. Additionally, they are utilised in the automotive sector to make components for vehicles including mirrors, valve springs, fuel, and de-aeration tanks as well as to reduce noise and carbon emissions.
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Abrasives Market Report Scope and Research Methodology
Maximize Market Research has collected the data through Primary research surveys from Abrasives dealers, suppliers and producers. The company’s annual reports and secondary sources, such as reliable paid and free databases are carefully examined to verify the facts for the Abrasives market report. The scope of the research includes the analysis of market dynamics, regulations, segments & industry rivalry.
Region wise data has been collected the analyse the country wise markets. The new entrants in Abrasives market were researched for growth prospects and future business outlooks Secondary data was collected from official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the Abrasives industry along with paid and free databases. All the information that has been acquired has been verified, evaluated, and presented in list form in order to give a coherent and understandable picture of the Abrasives market.
Abrasives Market was valued at US$ 37.67 Bn. in 2022 and it expected to reach US$ 52.31 Bn. by 2029, at a CAGR of 4.8% throughout the forecast period.
Abrasives Market Regional Insights
The country wise insights help in planning the Abrasives market strategies which are suitable and appropriately applicable according to specific countries and regions. The key regions studied are North & South America, Asia Pacific, Europe and Middle East Africa
Abrasives Market Segmentation
Global Abrasives Market Size, by Product (2022-2029)
• Coated Abrasive
• Bonded Abrasive
• Super Abrasive
Global Abrasives Market Size, by Material (2022-2029)
• Natural
• Synthetic
The market for abrasives is divided into two categories: natural and synthetic. In terms of market share in 2020, the Natural Abrasives category dominated. The expansion of the construction industry worldwide is blamed for the segment rise. Because of their stiffness and hardness, natural abrasives including calcite, diamond, pumice, corundum, and sandstone are employed. The smoothing of welding during building and bridge construction is facilitated by natural abrasives. By 2030, it is anticipated that the worldwide construction industry would increase to a value of over USD 8000000 million.
During the projected period, the synthetic abrasives segment is anticipated to expand significantly at a CAGR. Ceramic, borazon, and silicon carbide are examples of artificial abrasives. The use of synthetic abrasives in the manufacturing sector aids in creating surfaces with a mirror-like finish.
Global Abrasives Market Size, by Application (2022-2029)
• Automotive
• Machinery
• Aerospace
• Metal fabrication
• Electrical & electronics equipment
• Others
The Automotive, Machinery, Aerospace, Metal Fabrication, Electrical & Electronics Equipment, and Other segments of the Abrasives Market are based on Application. By accounting for 35% of the market in 2020, the automotive category had the highest share. In the automotive sector, abrasives are used for a number of tasks, such as coarse and lacquer sanding. To increase the surface smoothness of automotive components, super abrasives in the form of diamond discs are chosen. The use of abrasives in the automotive industry is expanding, which is helping this market’s growth. The number of automobiles produced fell by around 2% in 2021 compared to 2022, totaling 25.23 million units. As a result, the need for abrasives in the construction of vehicles for uses like cutting and grinding has increased.
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Abrasives Market Key Players
1. Robert Bosch GmbH
2. 3M Company
3. Compagnie De Saint-Gobain S.A.
4. Henkel
5. Asahi Diamond Industrial
6. Dowdupont
7. Fujimi Incorporated
8. Carborundum Universal
9. Krebs & Riedel Schleifscheibenfabrik
10. Deerfos
11. Tyrolit Group
12. Nippon Resibon Corporation
13. Sankyo-Rikagaku
14. Abrasiflex
15. Noritake
16. Kier Group PLC
17. Carillon
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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Table Of Content :
1. Global Abrasives Market Size: Research Methodology
2. Global Abrasives Market Size: Executive Summary
2.1. Market Overview and Definitions
2.1.1. Introduction to Global Abrasives Market Size
2.2. Summary
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2.4. Recommendations for New Market Entry
3. Global Abrasives Market Size: Competitive Analysis
3.1. MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2. Consolidation in the Market
3.2.1 M&A by region
3.3. Key Developments by Companies
3.4. Market Drivers
3.5. Market Restraints
3.6. Market Opportunities
3.7. Market Challenges
3.8. Market Dynamics
3.9. PORTERS Five Forces Analysis
3.10. PESTLE
3.11. Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• Latin America
3.12. COVID-19 Impact
Key questions answered in the Automotive Relay Market are:
- What are the recent industry trends that can be implemented to generate additional revenue streams for Abrasives Market?
- How is the intervention from regulatory authority is shaping the Abrasives Market?
- What growth strategies are the players considering to increase their presence in Abrasives Market?
- Who held the largest market share in Abrasives Market?
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