Abrasives Market Report

Abrasives Market Analysis, Market Size, Application, Analysis, Regional Outlook, Competitive Strategies and Forecasts, 2015 to 2022

Format: PDF  |  Report ID: GVR2363

Global abrasives market is expected to grow significantly over the forecast period owing to the rising demand from automobiles, medical device along with electronic equipments. Abrasives are generally classified into natural and synthetic adhesives. Furthermore, synthetic adhesives are divided into three types including bonded, coated and super. Natural abrasives include corundum, diamond, and emery. Various types of synthetic abrasives include silicon carbide, zirconia alumina, aluminium oxide, and ceramic aluminium oxide. Growing consumption in cleaning applications is expected to fuel market growth. Mounting demand for coated abrasives in variety of surface-treatment applications including blending, grinding, dimensioning, shaping, finishing, and polishing is likely to expand market size over the next seven years. They are used in various forms such as honing stones, grinding wheels, sandpapers, polishes, sand for blasting, cutoff wheels, ball mills, pulp stones, tumbling and mass-finishing media, and other tools and products. Increasing demand in automotive, welding, jewellery, and foundry is expected to fuel market growth.

Increasing construction and manufacturing sectors along with per capita incomes is likely to result in rise in demand for industrial abrasives that comprise cleaning & maintenance products in developing areas. Rising demand for abrasives as control cables in bicycle brakes, car parking brakes & chokes is expected to propel market growth. Increasing consumption in cutting expensive metals along with grinding high tensile materials, such as carbon steel, alloy steels, hard woods and tough bronze is likely to drive market growth. In addition, rising demand in machinery along with furniture sector is expected to spur market size. However, strict government restrictions on the usage of silica abrasives along with fluctuating raw material prices is expected to restrain market growth over the next seven years.

Abrasives find applications in numerous segments including medical, metal fabrication, electronics and electrical equipments, automotive, machinery, aerospace, furniture, cosmetics, construction and cleaning. Mounting automotive market in various countries including China, U.S., and Mexico is expected to propel market growth. Increasing demand in durable goods manufacturing owing to growing usage of furniture and wood products, machinery, and non-metallic mineral products will stimulate market growth over the next seven years. In addition, construction applications are expected to fuel market demand as a result of growing construction investment by government. Mounting demand for bonded abrasives in bearing industry, valve industry, and gear grinding is expected to increase its market share over the forecast period. Moreover, accelerating coated abrasives consumption in wood, flooring, and automotive OEM is expected to spur market growth over the next seven years.

Asia Pacific was the largest segment and is expected to grow significantly over the forecast period owing to the rapid industrialization and urbanization particularly in China, India and Japan. Increasing automotive production mainly in China, Indonesia, Japan, Malaysia and Taiwan is expected to propel demand for abrasives. Growing production of all kind of vehicles and components on account of increasing R&D efforts is expected to propel market growth. Increasing number of manufacturing facility in China is expected to drive market expansion over the forecast period. China is expected to fuel demand for abrasives in light of increasing demand for automobiles, growing domestic producers along with increasing transportation infrastructure sector. Rising demand for abrasives from building & construction coupled with durable goods industries will drive Asia Pacific abrasives market over the upcoming years. North America is expected to grow with a steady rate on account of increasing motor vehicle production in U.S. and Mexico. MEA and Latin America is expected to witness substantial growth over the next seven years on account of growing infrastructure and transportation sector.

Global key players in abrasives market include Abrasive Technology Incorporated, Almatis GmbH, Bosch (Robert) GmbH, Sia Abrasives, Cabot Microelectronics Corporation, Norton, DuPont, Clorox Company, Dow Chemical Company, Saint-Gobain, 3M Company, Stanley Black & Decker Incorporated, Winterthur, Winoa Group, Henkel, FMSA Holdings Incorporated, Jason Incorporated, Imerys SA, SAIT ABRASIVI SpA, Diamond Innovations, Harsco Corporation, Global Material Technologies Incorporated, Fujimi Incorporated, Sumitomo, Treibacher, and Carborundum Universal Limited. Norton offers wide range of coated abrasives having applications in metals including surface preparation, cutting, and finishing. Saint-Gobain’s bonded and coated abrasives are used in various applications including grinding, sharpening and cutting

 

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