The global abrasives
market size is expected to reach USD 59.34 billion by 2025,
according to a new report by Grand View Research, Inc., exhibiting a CAGR of
5.9% during the forecast period. Abrasive materials are used for grinding and
polishing a substrate such as wood and metal. They are available in natural or
synthetic form and possess properties such as purity, hardness, and
brittleness.
Synthetic products are less expensive and perform the
grinding and polishing process much better and faster than the natural ones,
thus reducing the overall cost. It is for this reason artificial materials are
gaining an edge over the natural ones, which include garnet, corundum, and
emery.
Aluminum oxide, cubic carbon nitride, and synthetic
diamond are various grains used for abrasive production. Several types of
minerals, glues, resins, and backings are used to produce different products.
These minerals are bonded with various agents and are deposited on cloth or
paper to form coated abrasives. Superabrasives are another type of products
that are used when hard materials require high quality surface finish.
Leading manufacturers include Noritake Co., Inc,
Saint-Gobain S.A., The 3M Company, Henan Huanghe Whirlwind Co., Ltd, and
TYROLIT Schleifmittelwerke Swarovski K.G. They manufacture products to serve
various end-user sectors such as aerospace, automotive, oil & gas, retail,
and furniture & wood working markets.
Browse full research report on Abrasives Market: https://www.grandviewresearch.com/industry-analysis/abrasives-market
Further
key findings from the report suggest:
- The global abrasives market stood at 11.78 million tons in 2016. In
terms of volume, the market is projected to expand at a CAGR of 4.5%
during the forecast period.
- The metal fabrication sector is estimated to register the highest
CAGR of 5.2% in terms of volume during the forecast period.
- In the North America and Europe regions, global manufacturers
currently meet the demand for abrasives in high-end precision rolling and
grinding. Rapid expansion of the market is providing lucrative
opportunities for new entrants having technical expertise.
- Asia Pacific is expected to be the most promising region during the
forecast period, holding over 55.0% of the total revenue by 2025. However,
government norms in the region pertaining to the use of silica abrasives
is likely to challenge the growth of the region.
- Saint-Gobain S.A. Asahi Diamond Industrial Co. Ltd, and The 3M
Company are some of the manufacturers of superabrasive products.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
Grand
View Research has segmented the global abrasives market on the basis of type,
material, end use, and region.
Abrasives
Market Type Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
- Bonded
- Coated
- Superabrasives
Abrasives
Market Material Outlook (Volume, Kilotons; Revenue, USD Million, 2014 -
2025)
- Natural
- Synthetic
Abrasives
Market End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2014 -
2025)
- Automotive
- Machinery
- Metal
Fabrication
- Electronic
& Electrical Equipment
- Others
Abrasives
Market Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 -
2025)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- South &
Central America
- Brazil
- Middle East
& Africa
- Saudi Arabia
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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