Abrasives Market 2019 | Emerging Trends, Highlights and Challenges Forecast 2023

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Abrasives Market Research Report - Forecast to
2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Abrasives Market Research Report- Forecast to 2023
Abrasives Market - Overview
Abrasives are gaining prominence in the global
market with the growing usage in the end use
applications such as electrical electronics,
automotive, machinery, metalworking,
construction, and others. Some of the factors
that are positively influence the growth of the
Abrasives Market are rapid urbanization, rising
demand from the furniture interior industry,
and increasing building construction
activities. Moreover, modern industrialization
with the growing demand for customization in the
machining has created demand for abrasives.
Applications of abrasives are increasing,
especially for customized products such as
high-end engines from the automotive industry and
dental prosthetics in modern dentistry.
Furthermore, GDP and healthy employment in
emerging economies are driving the demand for
versatile furniture, which is expected to give
new momentum to the Global Abrasives Market.
However, fluctuation in raw material prices are
affecting the cost of abrasives product, which,
in turn, is expected to hamper the market
growth. Global Abrasives Market is estimated to
grow at a CAGR of 4.98 to reach USD 47,170
million by the end of 2023.
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Abrasives Market Research Report- Forecast to 2023
Segmentation
MRFR in its report has offered a segmental
analysis of the market based on Source, Material,
Type, Application, and Region. Based on the
Source, the market is segmented into natural and
synthetic. Based on the Material, the market is
classified into aluminum oxide, silicon carbide,
emery, corundum, boron carbide, and others. Among
the material segment, aluminum oxide emerged as
the leading type segment with largest global
share, followed by silicon carbide. Aluminum
oxide is predominantly used for metalworking and
woodworking application. Emery is another
prominent material segment after silicon carbide,
rising use in metal fabrication and automotive
sector is projected to fuel the segment
growth. Based on the Type, the market is
segmented into bonded, coated, super, and
others. Based on the Application, the market is
classified into automotive, metalworking,
machinery, electrical electronics,
construction, and others. The metalworking
segment accounted for around 28 market share in
2017 and is projected to expand at a significant
CAGR of around 4.90 during the review period. In
the metalworking sector, abrasives are used for a
wide range of application such as polishing,
grinding, deburring, and other metalworking
application. This wide usage of abrasives is
estimated to drive the segmental growth. For
Further Information _at_ https//www.marketwatch.com/
press-release/abrasives-market-global-trends-and-f
orecast-by-regions-types-applications-and-outlook-
2018-2023-2018-05-23
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Abrasives Market Research Report- Forecast to 2023
Regional Outlook
The Global Abrasives Market is further
classified into five regions namely Latin
America, the Middle East Africa, North America,
Europe, and Asia Pacific. Asia Pacific dominated
the Global Abrasives Market in 2017, accounting
for more than 63 of the value share of the
Global Abrasives Market. The regional market
trends driving the growth of the abrasives market
include the increasing contribution from the
metalworking and an automotive segment to the
numerous developing economies and expanding
end-user application industry across Asia Pacific
region. Other developing countries of Europe,
Latin America, the Middle East Africa, and
North America are predicted to register moderate
growth due to the broad utilization of abrasives
in numerous applications.
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Abrasives Market Research Report- Forecast to 2023
Major Players in this Research

• Abrasives Market Prominent Players
• Saint-Gobain Abrasives, Inc.
• Robert Bosch GmbH
• Fujimi Incorporated
• TYROLIT group
• Asahi Diamond Industrial Co., Ltd
• Cabot Microelectronics Corporation
• Jason Incorporated, Noritake Co., Ltd
• Schaffner Manufacturing Company, Inc
• DEERFOS Co., Ltd
• sia Abrasives Industries AG
• Carborundum Universal Limited
• DowDuPont, Inc.
• 3M and KREBS RIEDEL

Browse Full Report Details _at_ https//www.marketres
earchfuture.com/reports/abrasives-market-5391
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