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Global Abrasives Market Expected to Generate a Value of US $57.5 Billion be End of Forecast Period, 2019-2024 - ResearchAndMarkets.com

January 21, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Jan 21, 2020--

The “Abrasives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.

The publisher expects the market to reach a value of US$ 57.5 Billion by 2024, registering a CAGR of 5.6% during 2019-2024.

The global abrasives market reached a value of US$ 41.2 Billion in 2018. Abrasives refer to mineral-based substances that are used for polishing, grinding and cleaning softer materials or hard surfaces. Abrasives are classified into natural variants, including corundum, emery and pumice, and synthetic variants, which include silicon carbide, synthetic diamond and ceramic iron oxide, etc. For industrial applications, abrasives are commonly used for de-flashing, paint removal, blast cleaning, tool sharpening and metal cleaning. They also aid in the removal of excess material, sizing and slicing, and are used for the manufacturing of intricate components or ultra-smooth surfaces for automobile, mechanical, electrical and aircraft parts.

The growing automotive industry across the globe is one of the key factors driving the growth of the market. Abrasives are extensively used in the manufacturing of automotive components, including mirrors, valve springs, fuel and de-aeration tanks, and in modifying operating parameters, such as minimizing carbon emissions and lowering the noise levels. Furthermore, the growing adoption of super-abrasives such as industrial diamonds for precision grinding and cutting of hard metals is also providing a boost to the market. Additionally, the rapid growth of the electronics and manufacturing industries in the emerging nations is acting as another growth-inducing factor. Abrasives are utilized to scrape the metal in small amounts to manufacture semiconductors and other electronic equipment with precision and consistency. Moreover, various product innovations, such as the development of polyester- and fabric-based abrasives for wooden products, along with advanced coated abrasives for metal fabrication, are further creating a positive outlook for the market.

Key Questions Answered in This Report:

Key Topics Covered:

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study

2.2 Stakeholders

2.3 Data Sources

2.3.1 Primary Sources

2.3.2 Secondary Sources

2.4 Market Estimation

2.4.1 Bottom-Up Approach

2.4.2 Top-Down Approach

2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Abrasives Market

5.1 Market Overview

5.2 Market Performance

5.3 Market Breakup by Product

5.4 Market Breakup by End-Use

5.5 Market Breakup by Material Type

5.6 Market Breakup by Region

5.7 Market Forecast

6 Market Breakup by Product

6.1 Bonded Abrasives

6.2 Coated Abrasives

6.3 Super-abrasives

6.4 Others

7 Market Breakup by End-Use

7.1 Machinery

7.2 Metal Fabrication

7.3 Electronics

7.4 Others

8 Market Breakup by Material Type

8.1 Natural Abrasives

8.2 Synthetic Abrasives

9 Market Breakup by Region

9.1 Asia Pacific

9.2 Europe

9.3 North America

9.4 Middle East and Africa

9.5 Latin America

10 SWOT Analysis

10.1 Overview

10.2 Strengths

10.3 Weaknesses

10.4 Opportunities

10.5 Threats

12 Value Chain Analysis

13 Porter’s Five Forces Analysis

13.1 Overview

13.2 Bargaining Power of Buyers

13.3 Bargaining Power of Suppliers

13.4 Degree of Competition

13.5 Threat of New Entrants

13.6 Threat of Substitutes

14 Price Analysis

14.1 Key Price Indicators

14.2 Price Structure

14.3 Margin Analysis

15 Competitive Landscape

15.1 Market Structure

15.2 Key Players

15.3 Profiles of Key Players

15.3.1 Robert Bosch GmbH

15.3.2 Dowdupont

15.3.3 Fujimi Incorporated

15.3.4 Compagnie De Saint-Gobain S.A.

15.3.5 Henkel

15.3.6 3M Company

15.3.7 Asahi Diamond Industrial

15.3.8 Carborundum Universal

15.3.9 Tyrolit Group

15.3.10 Nippon Resibon Corporation

15.3.11 Krebs & Riedel

15.3.12 Abrasiflex

15.3.13 Noritake

15.3.14 Deerfos

15.3.15 Sankyo-Rikagaku

For more information about this report visit https://www.researchandmarkets.com/r/cip0rt

View source version on businesswire.com:https://www.businesswire.com/news/home/20200121005530/en/

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SOURCE: Research and Markets

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