Forecast On Abrasives Market: Global Industry Analysis and Trends till 2020 by Future Market Insights

Global Abrasives
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2014
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Report
Description
Report Description
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. Abrasives are mineral like materials available in different sizes, shapes and
sizes depending upon the need. 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
abrasives market as synthetic and natural. Most of the natural abrasives have been
replaced by synthetic abrasives in the abrasives market due to their consistent properties
as required in industrial applications. Apart from natural diamond 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.
Abrasives market covers wide variety of materials used on large scale in various industries
such as transportation, metal fabrication, machinery and electronic equipment. General
application of abrasive material includes grinding, tumbling media, cutting wheels, tool
sharpening and metal cleaning. Some of the high-end industrial application of abrasives
material market are peening, de-flashing, paint stripping, blast cleaning and de-burring.
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The global abrasives market is estimated to grow two fold in terms of market revenue,
with a double digit CAGR for the forecast period.
Report
Description
Report Description
The global abrasives market is segmented in seven key regions which are North America,
Latin America, Western Europe, Eastern Europe, Asia-Pacific, Middle East and Africa and
Japan. As of 2013, Asia-Pacific abrasives market dominated the global abrasives market in
terms of volume followed by Western Europe and North America. The growth of AsiaPacific abrasives market is supported by various factors such as increasing production of
automobiles, electronic equipment, medical devices and packaging especially in
emerging economies such as India and China. The government norms on the use of silica
abrasives, volatile prices of raw materials in production of abrasives are the major
challenges of the global abrasives market.
Additionally, trends in global abrasives market such as use of abrasives in blast cleaning
and water jet cutting technology in industrial applications for achieving faster and
efficient operation is increasing significantly.
On the basis of product type, global abrasives market is segmented as coated abrasives,
steel abrasives, loose abrasive grains, raw super abrasives, bonded abrasives and others.
As of 2013, amongst the product type segments bonded abrasives segment is
predominant in terms of market share followed by coated abrasives and loose abrasive
grains.
The bonded abrasives market segment market is expected to maintain its dominant
position during the forecast period. Whereas, in terms of revenue; super abrasives is the
fastest growing segment in global abrasives market with a double digit CAGR.
Report
Description
Report Description
Due to rising demand of loose abrasive grains from abrasive product manufacturers, the
loose grain segment is estimated to record strong growth during the forecast period in
the abrasives market. As of 2013, use of abrasives in machinery is the predominant
industry for abrasives. This is followed by metal fabrication, transportation and electronic
equipment. However, industries such as transportation and electronic equipment are
estimated to record robust growth due to higher demand for automobiles and electronic
appliances. Apart from this use of abrasives in construction, cleaning, maintenance,
power generation and medical devices are expected to rise significantly in the coming
years thus driving demand in global abrasives market.
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E. I. du Pont de Nemours and Company, Robert Bosch GmbH, Cabot Microelectronics
Corporation, Saint Gobain S.A, Tyrolit Schleifmittelewerke Swaroski K.G, Fugimi
Incorporated, and Jason Incorporated are few of major players in abrasivesmarket. The
market of abrasive is fragmented with large number of global and local players. Mergers
and acquisitions, collaborations and new product launch are some of the major strategies
adopted by key market players. Apart from this, innovation and new product
development are major focus areas for dominant companies.
Advancement in technology, increase in overall trade and transportation globally will fuel
the abrasives market to a large extent, especially in emerging economies of India and
China.
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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.Abrasives are mineral like materials available in different sizes, shapes and sizes depending upon the need. They are used to clean, abrade, scour, grind and remove solid materials by the action of rubbing.