Abrasives market share forecast to witness considerable growth from 2019-2025

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Abrasives Market share research by applications
and regions for 2019-2025 Global Market
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Overview of Abrasives Market

• North America led by Mexico, Canada and the U.S.
  abrasives market size is projected to witness
  substantial gains by 2025. The product due to
  sharp nature is used for fine sanding, profile
  sanding, and polishing applications in wooden and
  furniture industry. Rising wood demand in the
  region for constructing homes and apartments will
  foster market growth.
• Abrasives market from bonded type is forecasted
  to grow by 2025. The product is mixed with matrix
  to produce bonded abrasive which is shaped into
  sticks, blocks, and wheels. The product is also
  used for sharpening edges honing external and
  internal surfaces. It has applications in
  automotive industry for finishing body parts.
  Global automotive aftermarket size may grow over
  3.5 by 2025. Growing automotive industry due to
  rising consumer purchasing power will foster
  product demand.
• Abrasives market size from coated type is
  anticipated to witness significant gains by 2025.
  The product comprises of flexible backing
  material and is used for polishing and lacquering
  in furniture industry. Rising furniture demand
  owing to increasing commercial spaces including
  malls, hypermarkets, and supermarkets will foster
  market size by 2025.

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• Automotive application is forecasted to grow by
  2025. The product is used to maintain dimensional
  accuracy of plastic components, valve springs,
  air ducts, and mirrors in automotive industry due
  to their sharp nature. Increasing electric
  vehicles manufacturing will boost automotive
  sector growth which would enhance market size.
• Abrasives market size from super abrasive type is
  anticipated to witness significant gains by 2025.
  The product owing to high performance grinding
  properties is used for machining ferrous and
  non-ferrous materials. The product has
  applications in grinding wear parts in oil and
  gas industry. Growing oil and gas industry due to
  rising energy needs will foster product demand.
• Abrasives market from electrical electronics
  application is projected to witness substantial
  gains by 2025. The product provides proper finish
  to electrical components owing to good contact
  force. Global consumer electronics goods market
  is forecasted to grow over 6.0 by 2024.
  Increasing electronic products demand due to
  rising disposable incomes will foster product
  demand which would boost industry growth.

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• Stringent regulations and lack of raw material
  availability may hamper market growth and
  industry profitability. Abrasive products
  manufacturing requires large amounts of raw
  material. Demand and supply gaps of raw materials
  may fuel product costs which may hamper industry
  price trends.
• Europe driven by Spain, UK, France Italy and
  Germany abrasives market size may grow owing to
  its usage in automotive industry. The product
  owing to grinding cutting properties is used
  for sanding off weld seams and removal of rust
  and lacquer in automotive industry. Growing
  regional automotive industry due to increased
  consumer spending and easy vehicle financing will
  favour industry growth.
• Asia Pacific led by South Korea, Japan, India,
  Australia and China abrasives market is projected
  to witness gains owing to rising construction
  activities. The products are used to surface and
  shape building materials by polishing and
  grinding. It offers non slip properties in
  walkways and stairways. Growing infrastructural
  development in the region will foster walkways
  construction which will boost product demand.

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• Global abrasives market share is moderately
  fragmented with major players includes 3M, Arc
  Abrasives, Inc, Fujimi Incorporated., Robert
  Bosch GmbH, Saint-Gobain, sia Abrasives
  Industries AG., and DowDuPont. Producers are
  focusing on expanding production capacity and
  market penetration through implementing joint
  ventures, strategic alliance and partnerships.
  Increasing product applications in furniture,
  electrical electronics, and automotive industry
  which may stimulate market.

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Methodology

• Market
  research reports Key analytical components

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