Abrasives market share forecast to witness considerable growth from 2019-2025 - PowerPoint PPT Presentation

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Abrasives market share forecast to witness considerable growth from 2019-2025

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Global abrasives market share is moderately fragmented with major players includes 3M, Arc Abrasives, Inc, Fujimi Incorporated., Robert Bosch GmbH, Saint-Gobain, sia Abrasives Industries AG., and DowDuPont – PowerPoint PPT presentation

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Title: Abrasives market share forecast to witness considerable growth from 2019-2025


1
Abrasives Market share research by applications
and regions for 2019-2025 Global Market
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2
Overview of Abrasives Market
  • North America led by Mexico, Canada and the U.S.
    abrasives market size is projected to witness
    substantial gains by 2025. The product due to
    sharp nature is used for fine sanding, profile
    sanding, and polishing applications in wooden and
    furniture industry. Rising wood demand in the
    region for constructing homes and apartments will
    foster market growth.
  • Abrasives market from bonded type is forecasted
    to grow by 2025. The product is mixed with matrix
    to produce bonded abrasive which is shaped into
    sticks, blocks, and wheels. The product is also
    used for sharpening edges honing external and
    internal surfaces. It has applications in
    automotive industry for finishing body parts.
    Global automotive aftermarket size may grow over
    3.5 by 2025. Growing automotive industry due to
    rising consumer purchasing power will foster
    product demand.
  • Abrasives market size from coated type is
    anticipated to witness significant gains by 2025.
    The product comprises of flexible backing
    material and is used for polishing and lacquering
    in furniture industry. Rising furniture demand
    owing to increasing commercial spaces including
    malls, hypermarkets, and supermarkets will foster
    market size by 2025.

3
Continue
  • Automotive application is forecasted to grow by
    2025. The product is used to maintain dimensional
    accuracy of plastic components, valve springs,
    air ducts, and mirrors in automotive industry due
    to their sharp nature. Increasing electric
    vehicles manufacturing will boost automotive
    sector growth which would enhance market size.
  • Abrasives market size from super abrasive type is
    anticipated to witness significant gains by 2025.
    The product owing to high performance grinding
    properties is used for machining ferrous and
    non-ferrous materials. The product has
    applications in grinding wear parts in oil and
    gas industry. Growing oil and gas industry due to
    rising energy needs will foster product demand.
  • Abrasives market from electrical electronics
    application is projected to witness substantial
    gains by 2025. The product provides proper finish
    to electrical components owing to good contact
    force. Global consumer electronics goods market
    is forecasted to grow over 6.0 by 2024.
    Increasing electronic products demand due to
    rising disposable incomes will foster product
    demand which would boost industry growth.

4

Browse Full Research Report On Abrasives Market
_at_ https//bit.ly/2znytAD Request for an
in-depth table of contents for this report _at_
https//bit.ly/2ZkYW12 .com/request-toc/upcoming/
1797
5
Continue
  • Stringent regulations and lack of raw material
    availability may hamper market growth and
    industry profitability. Abrasive products
    manufacturing requires large amounts of raw
    material. Demand and supply gaps of raw materials
    may fuel product costs which may hamper industry
    price trends.
  • Europe driven by Spain, UK, France Italy and
    Germany abrasives market size may grow owing to
    its usage in automotive industry. The product
    owing to grinding cutting properties is used
    for sanding off weld seams and removal of rust
    and lacquer in automotive industry. Growing
    regional automotive industry due to increased
    consumer spending and easy vehicle financing will
    favour industry growth.
  • Asia Pacific led by South Korea, Japan, India,
    Australia and China abrasives market is projected
    to witness gains owing to rising construction
    activities. The products are used to surface and
    shape building materials by polishing and
    grinding. It offers non slip properties in
    walkways and stairways. Growing infrastructural
    development in the region will foster walkways
    construction which will boost product demand.

6
Continue
  • Global abrasives market share is moderately
    fragmented with major players includes 3M, Arc
    Abrasives, Inc, Fujimi Incorporated., Robert
    Bosch GmbH, Saint-Gobain, sia Abrasives
    Industries AG., and DowDuPont. Producers are
    focusing on expanding production capacity and
    market penetration through implementing joint
    ventures, strategic alliance and partnerships.
    Increasing product applications in furniture,
    electrical electronics, and automotive industry
    which may stimulate market.

7
Methodology
  • Market
    research reports Key analytical components

8
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