Abrasives Market - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2025 Abrasives are hard materials used for wearing/shaping the soft surfaces of the work piece. Here, the friction between the abrasive materials when rubbed against the work piece, is used to obtain a smooth final product. Abrasives are hard and brittle and are found naturally or can be produced synthetically. Calcium carbonate (calcite), diamond dust, and emery are some naturally occurring abrasives. These abrasives are useful for processes such as polishing, grinding, sharpening, drilling, sanding, buffing, and cutting. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/2348 Market Dynamics Properties such as hardness (harder than the surface to be rubbed), durability, flexibility, and brittleness are major factors that boost demand for abrasives during the forecast period. These properties are of utmost use in case of end-user industries such as automotive, machinery, and metal fabrication. However, volatile prices of raw materials required for production of abrasives like silica sand and carbon is one of the major factors restraining growth of the market. Moreover, low availability of natural abrasives as compared to their synthetic substitutes and various health hazards like silicosis lung cancer and breathing problems when exposed to silica sand (a type of abrasive) are some challenges that are expected to hinder the market growth during the forecast period. Market Outlook Among material type, the synthetic segment accounts for a major market share. Synthetic abrasives are easily available as compared to naturally occurring ones. An alternative for emery is silicon carbide. Although synthetic abrasives consist of certain impurities, these abrasives are preferred against natural abrasives such as emery and corundum due to their higher grain sizes. Among end-use industry, automotive segment is expected to witness a major market share over the forecast period due to the emerging technological innovations in terms of this segment. Some innovations like Tesla, driverless tractors, etc. are examples of emerging technologies which will continue to develop during the forecast period owing the growing digital era. According to Indian Brand Equity Foundation (IBEF), in 2017, Indian infrastructure sector witnessed 91 mergers and acquisitions deals worth US$ 5.4 billion. This will have an impact on the logistics industry of the region. In 2016, as per the World Bank's Logistics Performance Index, India ranked 35th among 160 countries. This is due to the growing industrialization, construction and automation in emerging Asian economies like China and India. Since then, the Asia Pacific abrasives market is expected to dominate the market positioning followed by Europe and North America. Major players like Robert Bosch, Saint-Gobain and 3M have their headquarters in Europe and North America respectively owing to the increasing market share from these players during the forecast period. Key Players Key players operating in the global abrasives market include, Robert Bosch, 3M, Saint-Gobain, Henkel, Fujimi, Asahi Diamond Industrial, and others. For More Information: https://tinyurl.com/y5myv8x6 About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: [email protected]
The research report on Abrasives Market is segmented by Material Type, by Product Type, by End-use Industry and by Region - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2025
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