Abrasive Materials Market Size, Share and Growth Analysis

Abrasive Materials Market Analysis Size, Growth rate and Overview:

Abrasive Materials Marketwas valued atUSD 38.2 billion in 2017 and is expected to reach almostUSD 51.9 billion by the end of 2022, growing at a CAGR of around 5.5% over the predicted period.

Abrasive are the most used materials across the various industries for cleaning the hard surface, grinding and polishing. An abrasive helps to provide surface finish and shape for the material.They are used to clean, abrade, scour, grind and remove solid materials by the action of rubbing. Two kinds of abrasives are available in global market as synthetic and natural. Most of the natural abrasives have been replaced by synthetic abrasives in the market due to their consistent properties in industrial applications. Apart from natural, most of the abrasives are variable with their properties. One of the basic properties an abrasive must possess is hardness and that it must be harder than the material to which is polished, grinded or removed.

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Abrasive Materials Market Key Drivers, Challenges, and Opportunities:

The increasing application of abrasives in the transport, machinery, metal fabrication, electronics and electronics sectors, to give the surface a suitable finish and obtain the desired shape is mainly the driving force behind the growth of the global abrasive market. Abrasives are used in the fields of automotive, manufacturing and electronics for perfect surface polishing, they are also used to shape materials by grinding, removing superficial layers of paint or corrosion, polishing finished products and cutting hard materials made of steel or concrete. With the increase in sales of automotive and electronic products, the global abrasive market is expected to follow a trajectory of sustained growth in the next two years. The manufacture of metals is another important driver of market demand. In addition, it is also expected that the sectors of construction, medical devices, cleaning and maintenance, and power generation have a positive impact on the demand in the global market of abrasives.

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Abrasive Materials Market – Regional Presence:

The main regions in which the global market is divided are North America, Asia-Pacific, Europe and the rest of the world. Asia Pacific is currently the largest regional market for abrasives and is expected to make a substantial contribution to the global market. China is the main market for the production of abrasive materials in the APAC. Asia Pacific will record the best growth rate during the forecast period between 2013 and 2019.

Some of the Key Players Profiled in this Abrasive Materials Market Report are:

Saint Gobain SA, Robert Bosch GmbH, TYROLIT Schleifmittelwerke Swarovski K.G., 3M, DuPont, and Henkel AG & Co. KGaA.Top of Form

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