Market Values:
- Valued at US$ 37.67 Billion in 2022
- Expected to reach US$ 52.31 Billion by 2029
- CAGR of 4.8% throughout the forecast period
Report Scope: The comprehensive report on the Abrasives Market provides industry stakeholders with valuable insights into market trends, dynamics, and regional nuances. The study covers market values, dynamics, research methodology, and regional insights to present a detailed analysis of the global abrasives market.
Research Methodology: The report employs a robust research methodology to delve into the intricacies of the abrasives market. Extensive data analysis and a dedicated study of key players, including market leaders, followers, and new entrants, form the foundation of the research. The report also includes PORTER and PESTEL analyses, presenting a comprehensive view of the market's micro-economic factors.
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Dynamics: The global abrasives market is witnessing growth propelled by factors such as increased automobile sales, expanding electronics and manufacturing industries, and a surge in construction activities worldwide. The report highlights the market dynamics, emphasizing the impact of these trends on the industry's growth.
Regional Insights: Asia Pacific: Holding the largest market share of 53% in 2022, the region is driven by increased construction activity in countries such as South Korea, Japan, India, Australia, and China.
North America: Anticipating significant growth at a CAGR of 7.2%, the region benefits from growing infrastructure, rising manufacturing investments, and increased electric vehicle production.
Global Abrasives Market Segment Analysis:
Material: Natural and Synthetic
- Natural Abrasives: Holding the largest market share, driven by the growing global construction sector.
- Synthetic Abrasives: Expected to witness significant growth, especially in India and China, due to favorable government initiatives and a booming manufacturing sector.
Application: Automotive, Machinery, Aerospace, Metal fabrication, Electrical & electronics equipment, and others
- Automotive: The largest market share in 2020, with abrasives used for various purposes in the automotive industry.
- Electrical & Electronics Equipment: Projected to grow at the fastest rate, with increasing demand for abrasives in the manufacturing of electronic components.
Market Restraints: The report notes potential restraints, such as volatile raw material prices globally, affecting abrasive production costs and pricing during the forecast period.
Conclusion: The report aims to present a comprehensive analysis of the Abrasives Market, offering stakeholders a clear understanding of industry dynamics, trends, and key players. Decision-makers can utilize the report as an investor's guide, providing valuable insights into market segments, competitive analysis, growth strategies, and regional presence.
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What is Abrasives Market Segmentation?
by Product
Coated Abrasive
Bonded Abrasive
Super Abrasive
by Material
Natural
Synthetic
Who are 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
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Table of content for the Abrasives Market includes:
- Global Abrasives Market : Research Methodology
- Global Abrasives Market : Executive Summary
- Market Overview and Definitions
- Introduction to the Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Abrasives Market : Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Key Offerings:
- Past Market Size and Competitive Landscape
- Abrasives Market Size, Share, Size & Forecast by different segment |
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Abrasives Market Segmentation – A detailed analysis by Product
- 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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