Abrasives Market Global Demand, Supply and Research Synopsis 2020 to 2030
The Global Abrasives Market size valued to USD 41.54 billion in 2019, shall witness a growth of USD 84.84 billion by 2030, with a CAGR of 6.6% from 2020-2030.
Abrasives,
widely used for grinding, polishing, buffing, honing, cutting, drilling,
sharpening, lapping, and sanding; are mostly mineral derived materials, either
obtained naturally or synthetically. It works on the principle of difference in
hardness between the two substances, where abrasive is harder of the two. The
global abrasive market witnessed a notable volumetric sale of 43,738.4 kilotons
in 2019, which is expected to rise up-to 84,643.5 kilotons by 2030, with a CAGR
of 6.1% from 2020-2030.
Access
Full Description of this report at:-
https://www.nextmsc.com/report/abrasive-market
Top Companies: Robert Bosch GmbH, 3M Company,
Sankyo-Rikagaku, Abrasiflex, Noritake, Asahi Diamond Industrial, Dowdupont,
Deerfos, Tyrolit Group, Nippon Resibon Corporation, Fujimi Incorporated, Carborundum
Universal, Compagnie De Saint-Gobain S.A., Henkel, and Krebs & Riedel
Schleifscheibenfabrik and others.
The abrasives market
share analysis is based on type, material, product type, end user industry, and
geography. Based on type, the market is segmented into bonded, coated, and
super abrasives. Based on material, the abrasives market covers natural and
synthetic. Based on product type, the market is classified into disc, cups, and
cylinder. Based on end user industry, the market is divided into automotive,
machinery, aerospace, metal fabrication, electronics, construction, and others.
Geographic breakdown and analysis of each of the previously mentioned segments
include regions comprising North America, Europe, Asia-Pacific, and RoW.
Request sample copy of this report
at:-
https://www.nextmsc.com/Abrasive-Market/request-sample
Asia
Pacific shall hold the highest market share, dominating the global abrasives
market throughout the forecast period. This is attributable to factors such as
increasing investments by manufacturers in this region, high demand in
construction sector, government initiatives to increase the flow of FDI in the
manufacturing sector, rapid growth in various industries such as automotive, machinery,
and metal fabrication. North America would witness increasing market size owing
to factors such as increasing demand from the furniture and interior-designing
industry, higher adoption rate in metal fabrication applications, and rapid
industrialization.
About
Next Move Strategy Consulting:
Next Move Strategy Consulting is an independent and
trusted third-platform market intelligence provider, committed to deliver high
quality, market research reports that help multinational companies to triumph
over their competitions and increase industry footprint by capturing greater
market share. Our research model is a unique collaboration of primary research,
secondary research, data mining and data analytics.
We have been servicing over 1000 customers globally
that includes 90% of the Fortune 500 companies over a decade. Our analysts are
constantly tracking various high growth markets and identifying hidden
opportunities in each sector or the industry. We provide one of the industry’s
best quality syndicate as well as custom research reports across 10 different
industry verticals. We are committed to deliver high quality research solutions
in accordance to your business needs. Our industry standard delivery solution
that ranges from the pre consultation to after-sales services, provide an
excellent client experience and ensure right strategic decision making for
businesses.
For more insights, please visit, https://www.nextmsc.com
Comments
Post a Comment