Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global Abrasives Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 5.0% during the review period (2022 to 2027).
It is expected that the global abrasives market will register a CAGR of over 5% over the forecast period of 2022 to 2027. One of the key driving factors in driving the market for global abrasives market is the growth of the metal fabrication industry because of the increasing demand for components and developments & pre-engineered buildings in the manufacturing sector. The growth of the metal fabrication industry is also due to the increasing demand from several end-use industries such as agriculture, automotive, medical and aerospace. Furthermore, the market is budding due to changing technologies and a lack of skilled labor.
In terms of volume, the Sales of Abrasives was about 4873.67 K Tons in 2016. And it is anticipated to reach 7689.43 K Tons by 2022. The global abrasives market is expected to grow significantly over the forecast period owing to the rising demand from automobiles, medical devices along electronic equipment. Abrasives are generally classified into natural and synthetic adhesives. The leading companies own the advantages on better performance, more abundant product's types, better technical and impeccable after-sales service.
Industry Updates:
Abrasives Market is segmented based on the type, applications, companies and regions.
Market Volume (%) By Type, it is segmented into
Market Volume (%) By Applications it is segmented into
The Asia-Pacific region is expected to dominate the abrasives market in the future. In this region, China is the largest economy in terms of GDP.. The country’s manufacturing sector is one of the major contributors to the economy. The Chinese aircraft industry experienced significant growth over the years. According to Boeing, China is estimated to require around 7,600 new commercial aircraft, valued at USD 1.2 trillion, over the next two decades.
The foreign investments in China have also been extended into the aviation sector, which is projected to register a CAGR of 6%. These investments are being made owing to China’s geographical location, which provides easy access to the industrial goods markets in the neighboring countries and other countries globally, making it a major access point for manufacturers and suppliers.
China is the largest manufacturer of automobiles in the world. The country’s automotive sector has been focusing on the product evolution and manufacturing products to ensure fuel economy and minimize emissions. This focus is due to the growing environmental concerns related to the rising pollution levels in the country.
All these factors greatly affect the Abrasives market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales value, sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,
The Abrasives Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Abrasives Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes
| Report Details |
Forecast Period 2022 to 2027 CAGR (Value and Volume) | CAGR of 5.0% during the review period (2022 to 2027). |
Market Volume (%) By Type(Revenue, USD Million, 2017 - 2022) |
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Market Volume (%) By Type(Revenue, USD Million, 2017 - 2022) |
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Quantitative units | Revenue in USD million/billion and CAGR from 2022 to 2027 |
By Companies | Saint-Gobain, 3M, Murugappa, Tyrolit, Noritake, Asahi, Huanghe Whirlwind, Hermes Schleifmittel, Husqvarna, Bosch, Fujimi, Pferd, Sharpness, Rhodius, Klingspor, Suhner, Dronco (Osborn) |
Regions Covered |
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Countries Covered |
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Base Year
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2022 |
Historical Year
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2017 to 2021 |
Forecast Year
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2022 to 2027 |
Customization Available
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Yes, the report can be customized as per your needs |
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
What is the study period of this market?
The Abrasives Market is studied from 2017 - 2027.
What is the growth rate of Abrasives Market?
The Abrasives Market is growing at a CAGR of 5.0% over the next 5 years.
Who are the key players in Abrasives Market?
Saint-Gobain, 3M, Murugappa, Tyrolit, Noritake, Asahi, Huanghe Whirlwind, Hermes Schleifmittel, Husqvarna, Bosch, Fujimi, Pferd, Sharpness, Rhodius, Klingspor, Suhner, Dronco (Osborn)
What region does this Abrasives Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Abrasives Market?
Bonded Abrasives, Coated Abrasives, Super Precision Abrasives, Super Construction Abrasives
What are the major end-use applications of Abrasives Market?
Metal Manufacturing, Electronics, Construction, Automotive and Aerospace, Medical, Oil and Gas, Other
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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