Abrasives Market Share, Industry Growth Analysis, Revenue, Size, Report 2021-2026

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Abrasives market share

SHERIDAN, ALABAMA, USA, February 18, 2022 /EINPresswire.com/ — According to the latest report of the IMARC group, entitled “Abrasives market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global abrasives market reached a value of US$48 billion in 2020. Going forward, the market is expected to grow at a CAGR of 4.5% during 2021-2026. Abrasives refer to materials used in a wide range of industrial, household and technological applications to shape, polish, grind, clean or finish a part. These include natural abrasives, such as corundum, garnet, emery, and pumice, as well as synthetic abrasives, such as silicon carbide, synthetic diamond, and alumina.

We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

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Global Abrasives Market Trends:

The global market is mainly driven by the significant growth of the automotive industry worldwide. This, in conjunction with the growing demand for commercial and passenger vehicles, is contributing significantly to the growth of the market. Apart from this, increasing investments in R&D activities to produce innovative and less hazardous abrasives are creating a positive outlook for the market. Additionally, the growing demand for applied abrasives by end-use industries is catalyzing the growth of the market. Additionally, increasing demand for bonded abrasives including grinding wheels, hook-on wheels, and mounted wheels due to their high efficiency and improved operational capability is also giving impetus to the growth of the market.

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Key Market Segmentation:

Competitive landscape with key players:

The report has also analyzed the competitive landscape of the market with some of the major players being:

Robert Bosch GmbH
Dowdupont
Fujimi Incorporated
Company of Saint-Gobain SA
Henkel
3M Company
Asahi Industrial Diamond
Universal Carborundum
Tyrolit Group
Nippon Resibon Corporation
Krebs and Riedel
Abrasiflex
noritake
deer
Sankyo-Rikagaku

Breakdown of the market by type of product:

Bonded abrasives
coated abrasives
Super-abrasives
Others
Market Breakdown by End Use:

Machinery
Metallurgy
Automotive
Electronic
Construction
Others

Breakdown of the market by type of material:

Natural abrasives
Synthetic abrasives

Market Breakdown by Region:

Asia Pacific
Europe
North America
Latin America
Middle East and Africa

Main highlights of the report:

Market performance
Market Outlook
Porter’s Five Forces Analysis
Market drivers and success factors
SWOT analysis
Value chain
Complete mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

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About Us:

The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

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IMARC Group
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