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Surging Automotive and Electronic Sectors Fueling Demand in Market

Abrasives are being increasingly used in transportation, machinery, metal fabrication, and electronic & electrical equipment sectors for imparting a proper finish to the surface and getting the desired shape of objects. According to the lead analyst of the report, “Abrasives find usage in automotive, manufacturing, and electronics for a perfect polish to their surface. They are also used for shaping materials through grinding, removal of surface layers of paint or corrosion, polishing finished products, and cutting hard materials made of steel or concrete.”

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With surging sales of automotive and electronic products, the global abrasive market is expected to tread on a steady growth trajectory over the next couple of years. The expansion of the metal fabrication segment is another major driver for the market. Besides, end users of construction, medical devices, cleaning & maintenance, and power generation are also expected to positively influence the demand for abrasives across the globe.

Range of Materials Find Usage as Abrasives for Various Purposes

Some of the materials used as abrasives in the global abrasives market are silicon carbide, which is normally used for non-ferrous metals, aluminum oxide or alumina, which is the most commonly used abrasive for high tensile materials, ferrous alloys, wood, diamond used for ceramic grinding or final polishing, cubic boron nitride, garnet, glass, alumina and zirconia alloys.

Posing a challenge to the global abrasives market, on the other hand, is the strict rules framed by governments against the usage of silica abrasives and fluctuating prices of feedstock.

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Abrasives Market: Key Players

Operational efficiency and R&D of better products are two factors determining the success of manufacturers in the global abrasives market. Banking upon such strategies, companies that hold a prominent position in the market are Robert Bosch GmbH, Saint Gobain SA, DuPont, Henkel AG & Co. KGaA, 3M, and Tyrolit Schleifmittelwerke Swarovski K.G.

Overall, the global abrasives market is fragmented with numerous large and small companies. They are seen resorting to mergers & acquisitions and partnerships to tap into synergies and grow further.

Global Abrasives Market: Segmentation

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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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