Global Abrasives Market Value Reaches USD 84.84 Billion Per
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Global “Abrasives marketThe report covers comprehensive data on the operational landscape and trend analysis, market drivers, growth opportunities and segmentation in terms of region. It presents a point-to-point analysis that includes products, applications and competitor analysis. The Abrasives Market report highlights the latest strategies of major key players including new product launches, partnerships, joint ventures, and the latest technologies. It provides accurate assessment of market share, size, growth rate, revenue, sales and value chain analysis.
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The global abrasives market was valued at USD 41.54 billion in 2019 and is expected to reach USD 84.84 billion by 2030, with a CAGR of 6.6% during the forecast period, from 2020 to 2030. On Based on volume, the global abrasives market was valued at 43,738.4 kilotons in 2019 and is expected to reach 84,643.5 kilotons by 2030, at a CAGR of 6.1% from 2020 to 2030.
Abrasives are mainly minerals derived from natural or synthetic sources. Abrasives are widely used for polishing, grinding, cutting, drilling, lapping, lapping, polishing, sharpening and sanding. They are widely used in household, industrial and technological applications because they are available in many sizes, physical compositions, shapes and chemical compositions. Commonly used abrasives include silicon carbide, aluminum oxide, cubic boron nitride, and diamond. In special applications, materials such as garnet, zirconium, glass and walnut shells are used to provide a superior finish.
The different contributors involved in the product value chain are manufacturers, suppliers, distributors, intermediaries and customers. The major manufacturers in this market include:
- Kier Group
- Deerfos Co., Ltd.
- Tyrolit Group
- Stanley Black & Decker Incorporated
- Almatis GmbH
- Sia Abrasives
- Cabot Microelectronics Corporation
- Dow chemical company
- FMSA Holdings Incorporated
- Jason Incorporated
- Fujimi Incorporated
- Treibacher, Global Material Technologies Incorporated
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Market dynamics and trends:
The increasing demand for abrasives from the metal fabrication industry, the massive production of electronic components and the reduction in the cost of synthetic diamonds are driving the global abrasives market. The automotive segment is expected to create opportunities as abrasives play a vital role in the manufacture of automotive components. Rising disposable income and growing demand for passenger and utility vehicles are expected to propel the market in the future. However, factors such as implementation of strict regulations on the use of silica-based abrasives and fluctuating raw material prices may hamper the abrasives market.
Market segmentation and scope of the study:
The abrasives market has been segmented into type, material, end user industry and geography. Based on the type, the market is segmented into Glued, Coated and Super. On the basis of material, the abrasives market is divided into natural and synthetic. In terms of end user industry, the market is divided into automotive, machinery, aerospace, metal fabrication, electronics, construction, and others. On the basis of geography, the global market is classified into North America, Europe, Asia-Pacific, and RoW.
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Abrasives market segmentation:
Global Abrasives Market – By Type
Global Abrasives Market – By Material
Global Abrasives Market – By End User Industry
o Metal fabrication
Asia-Pacific holds the dominant share of the global abrasives market and is expected to continue to dominate throughout the forecast period owing to such factors as increased investment by manufacturers in this region, strong demand for abrasives in the booming construction sector, government initiatives to increase foreign direct investment (FDI) in the manufacturing sector and the rapid growth of various other end-user industries such as automobiles, machinery and metal fabrication. The market in North America is expected to grow at a high rate due to the growing demand for abrasives from the furniture and interior design industry, its strong adoption in metal fabrication applications, and its rapid industrialization. .
The study objectives of this report are:
- To study and analyze the global Abrasives market size (value & volume) by company, key regions / countries, products and applications, historical data and forecast to 2030.
- To understand the structure of Abrasives market by identifying its various subsegments.
- Share detailed information on the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry specific challenges and risks).
- Focuses on the world’s leading Abrasives manufacturers, to define, describe and analyze sales volume, value, market share, market competition landscape, SWOT analysis and development plans over the course of coming years.
- To analyze the Abrasives with respect to individual growth trends, future prospects, and their contribution to the total market.
- To project the value and volume of Abrasives submarkets, with respect to key regions (along with their respective key countries).
- Analyze competitive developments such as extensions, agreements, new product launches and acquisitions in the market.
- To draw up a strategic profile of the key players and to analyze in depth their growth strategies.
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Along with tables and figures to help analyze the global Abrasives market, this research provides key statistics on the state of the industry and is a valuable source of direction and direction for businesses and interested individuals. es by the market.
Key points of the COT:
1.1. Description of the report
1.2. Research methodology
1.2.1 Secondary research
1.2.2 Data analysis framework
1.2.3 Market size estimate
1.2.5 Primary research and data validation
2. Market Overview, 2019-2030 Million USD
2.1. Market Snapshot
3. Analysis of Porter’s five forces model
4. Market dynamics
4.1. Growth drivers
10. Company profiles
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