Abrasives Market by Material (Natural, Synthetic), Product (Grinding Wheel, Sandpaper, Others), Type (Bonded, Coated, Super), End-Use Industry (Automotive, Machinery, Metal Fabrication, Others) - Global Forecast to 2021
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Published: Jun 2016 No. of Pages: 227 Single User PDF: US$ 7150
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Abrasives Market: Global Forecasts to 2021
“Increasing demand from machinery industry coupled with growing automotive industry is expected to drive the abrasives market” The global abrasives market size is projected to grow from USD 41.21 billion in 2015 to reach USD 58.43 billion by 2021, at a projected CAGR of 6.10%. The growth of this market is driven by the increased demand from the automotive and machinery industries globally, especially in Asia-Pacific due to urbanization and industrialization. Also, the accurate manufacturing features involving various applications (grinding, cutting, polishing, sanding, and others) of abrasives are attracting the end-use sectors significantly. “Coated sector projected to grow at the highest rate during the forecast period” The coated sector is projected to be the fastest-growing segment on the basis of type, in the next five years. Due to the focus on rapid industrialization in emerging economies and development of the metal fabrication industry, a shift is expected towards the inclination of both, suppliers and consumers, towards abrasives.
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Abrasives Market: Global Forecasts to 2021
“Asia-Pacific is projected to dominate the abrasives market in 2021” Asia-Pacific accounted for the largest share in the abrasives market in 2015, and is projected to dominate the market in 2021.The market in Asia-Pacific is projected to grow at the highest rate during the forecast period. The rise in disposable income, exceptional demand for passenger and commercial vehicles, and rise in the sales of electronic devices are driving the abrasives market. Due to the increasing consumption and production of industrial products in developing economies such as India and China, the abrasives market in these countries is projected to grow at a higher rate than the rest of the Asian-Pacific countries. Breakdown of Primaries: By Company Type: Tier 1: 43%; Tier 2: 33%; Tier 3: 24% By Designation: C-level: 40%;Manager Level: 35%;Others: 25% By Region: North America: 40%; Europe: 20%; Asia-Pacific: 25%; RoW: 15%
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Abrasives Market: Global Forecasts to 2021
This report will help the market leaders/new entrants in this market in the following ways:  This report segments the abrasives market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub segments across the different verticals and regions.  The report helps stakeholders to understand the market and provides them information on key market drivers, restraints, challenges, and opportunities.  This report will help stakeholders to better understand their competitors and gain more insights about their position in the business.
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Abrasives Market: Global Forecasts to 2021
Some of the major companies profiled in this report are Robert Bosch GMBH (Germany), 3M Company (U.S.), E.I. du Pont de Nemours and Company (U.S.), Saint-Gobain Abrasives, Inc. (France), Fujimi Incorporated (Japan), Henkel AG & CO. KGAA (Germany), Tyrolit Group (Austria), Asahi Diamond Industrial Co., LTD (Japan), Deerfos Co., Ltd (Korea), Carborundum Universal Limited (India). Complete report on Abrasives Market spread across 227 pages, 10 profiling companies and supported with 198 tables and 66 figures is now available at http://www.marketreportshub.com/abrasives-industry-researchmarketsandmarkets.html .
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