Abrasives Market

“Abrasives Market: Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the global abrasives market. An abrasive refers to a type of hard material utilized to shape, smoothen, and finish uneven surfaces. It is used in various forms, such as sandpaper, polishes, tumbling, grinding wheel, cut-off wheel, and ball mill. Abrasives are categorized according to the grain size, hardness, and abrasive material. These materials are widely used in several industrial, technological, and domestic applications.

The global abrasive market is primarily being driven by the significant expansion in various end-use industries, including automotive and electronics. Additionally, the rise in construction activities due to improving lifestyles and rapid urbanization, especially in developing nations is further contributing to the market growth.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the abrasives market and can also impact its future growth. Taking 2021 as the base year, the report covers the historical market scenarios from 2016-2021 and provides forecasts till 2027. This includes the study of value and volume trends and pricing history. Growth-inducing factors, market restraints, and recent developments have also been analyzed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the abrasives market in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each of these regions, the report studies the abrasives market in detail for the latest trends, outlook,s and opportunities. 

Segmentation by Product:                                     

• Bonded Abrasives
• Coated Abrasives
• Loose Abrasive Grains
• Superabrasives
• Others

Segmentation by Material:                                     

• Natural Abrasives
• Synthetic Abrasives

Segmentation by End-User:                                     

• Machinery
• Metal Fabrication
• Transportation
• Electronics
• Automotive
• Others

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape:

• Robert Bosch GmbH
• 3M Company
• Compagnie De Saint-Gobain S.A.
• Henkel
• Asahi Diamond Industrial
• Dowdupont
• Fujimi Incorporated
• Carborundum Universal
• Krebs & Riedel Schleifscheibenfabrik

The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the abrasives industry along with the parameters of Porter’s Five Forces model. This model examines the degree of competition in the abrasives industry by analyzing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities, and threats pertaining to the abrasives industry. Furthermore, the value chain analysis of the abrasives industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing and sales of the products, and their distribution.

Highlights of the Global Abrasives Market

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the abrasives industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analyzed and presented in the form of easily comprehensible charts, graphs, and tables.