Abrasives Market – Global Opportunities & Forecast, 2020-2027
The GMI Research report provides an overall outlook of the
industry through a detailed market segmentation. The report offers thorough
information related to the overview and scope of the market, including the
market drivers, restraints, and emerging trends in the industry. This report is
especially designed to include both qualitative and quantitative aspects of the
industry in each region and country participating in the study.
Competitive Rivalry of the Abrasives Market:
The leading players in the abrasives market
include 3M Company, Dupont De Nemours, Inc., Robert Bosch GmbH,
Saint-Gobain, Jason Industries, Inc., Asahi Diamond Industrial Co., Ltd.,
Fujimi Incorporated, Henkel AG & Co. KGaA, Nippon Resibon Corporation,
Noritake Co., Limited, Tyrolit Schleifmittelwerke Swarovski KG, Sankyo-Rikagaku
Co., Ltd., Mirka Ltd., BORIDE Engineered Abrasives, and Flexovit USA, Inc., among
others.
Drivers of the Abrasives Market:
The growth
of the abrasives market is mainly due to the several beneficial properties of
abrasive products such as hardness, durability, brittleness, and flexibility.
The rising automotive industry has been surging the demand for abrasives around
the world. The abrasive products are used in all vehicle manufacturing stages,
such as deburring, engine parts sizing, cleaning auto body, accessories
repairs, and interior. Use of abrasives for cleaning the insides of pipes,
smooth welding, roughening or smoothening surfaces, and edges for oiling,
fitting, painting, and polishing are further boosting the high demand for
abrasives in the vehicle manufacturing sector. Organization for the Safety of
Abrasives, Abrasives Manufacturers’ Association (UAMA), Coated Abrasives
Fabricators Association (CAFA), Unified and International Committee for
Abrasive Technology are some of the organizations that grow standards to
support the production, design, and quality of abrasives. This factor is
further projected to surge the growth and development of the global abrasives
market.
Increasing industrialization and
urbanization has led to an upsurge in demand for electric, machinery, and
electronic products. This will propel the growth of the abrasives market due to
the large range of applications in machinery and metal fabrication industries.
Availability of various shapes and sizes of abrasive products, including
abrasive sandpapers, pencils, sponges, steel wool, rubbing compound, emery
cloths, and finishing pads, is one major driver accelerating the growth of the
market. Abrasives are used to manufacture printed circuit boards, which are
used in the electronic device, including laptops, computers, routers, and
others. The growing trend of digitization and artificial intelligence is
another factor that is fuelling the demand for abrasive products.
Market Segmentation:
The main objective of the study is to
define market sizes of the different market segments & countries during the
forecast period and analyze the values in the next six years. The detailed
segments and sub-segments of the market are explained below:
Breakup by Raw Material:
·
Natural
·
Synthetic
Breakup by Type:
·
Coated Abrasives
·
Bonded Abrasives
·
Super Abrasives
Breakup by Type:
·
Type A
·
Type B
Breakup by End-User Industry:
·
Aerospace
·
Automotive
·
Machinery
·
Metal Fabrication
·
Electrical & Electronics Equipment
·
Others
Breakup by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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