Abrasive Material Market is set for a Potential Growth Worldwide
Author : Lal Singh Bisht | Published On : 30 Nov 2023
Latest business intelligence report released on Global Abrasive Material Market, covers different industry elements and growth inclinations that helps in predicting market forecast. The report allows complete assessment of current and future scenario scaling top to bottom investigation about the market size, % share of key and emerging segment, major development, and technological advancements. Also, the statistical survey elaborates detailed commentary on changing market dynamics that includes market growth drivers, roadblocks and challenges, future opportunities, and influencing trends to better understand Abrasive Material market outlook.
List of Key Players Profiled in the study includes market overview, business strategies, financials, Development activities, Market Share and SWOT analysis:
DuPont (United States), Robert Bosch GmbH (Germany), Cabot Microelectronics Corporation, Saint Gobain S.A (France), Fugimi Incorporated (Japan), Henkel (Germany), Tyrolit (Austria), Asahi Diamond Industrial Co., LTD (Japan), Deerfos (Korea), KREBS & RIEDEL (Germany), Nippon Resibon Corporation (Japan), Sankyo-Raikagaku Co., Ltd. (Japan), Noritake Co. Limited (Japan).
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Brief Overview on Abrasive Material:
An abrasive, a type of hard mineral or material, has found use in a wide range of domestic, industrial, and technological applications. Abrasives are used in various operations such as grinding, polishing, lapping, honing, pressure blasting, and others. The growth is majorly driven by the increasing popularity of super abrasives and growing automotive production. The industry is anticipated to witness significant growth on account of the growing demand for the product in grinding and polishing applications in end-use sectors such as automotive, Electronic and Electrical (E&E) equipment, metal fabrication, and machinery.
Key Market Trends:
Decreasing Cost of Synthetic Diamond
Opportunities:
Huge Demand from End-Use Industries Includes Metal Fabrication, Automotive Industry
The Growth in the Production of Electronic Components Globally
Market Growth Drivers:
High Demand from Metal Fabrication Industry
Increasing Automotive Industry in both Developing and Developed Nations
Expansion of the Construction Sector on Global Scale
Challenges:
Stringent Government Regulations
Volatile Cost of Raw Materials
Segmentation of the Global Abrasive Material Market:
by Type (Bonded Abrasive, Coated Abrasive, Super Abrasive), Application (Buffing, Cutting, Grinding, Honing, Lapping, Machining, Polishing), End Use Industry (Automotive, Machinery, Metal Fabrication, Electrical & Electronics Equipment, Others), Material Type (Natural, Synthetic, Metallic Abrasives, Aluminium Oxide, Silicon Carbide, Others (Boron Carbide, Ceramic Aluminum Oxide, and Others))
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Geographically, the following regions together with the listed national/local markets are fully investigated:
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
Furthermore, the years considered for the study are as follows:
Historical data – 2017-2022
The base year for estimation – 2022
Estimated Year – 2023
Forecast period** – 2023 to 2028 [** unless otherwise stated]
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Summarized Extracts from TOC of Global Abrasive Material Market Study
Chapter 1: Exclusive Summary of the Abrasive Material market
Chapter 2: Objective of Study and Research Scope the Abrasive Material market
Chapter 3: Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis
Chapter 4: Market Segmentation by Type, End User and Region/Country 2016-2027
Chapter 5: Decision Framework
Chapter 6: Market Dynamics- Drivers, Trends and Challenges
Chapter 7: Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 8: Appendix, Methodology and Data Source
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