ReportsnReports.com adds Global Abrasives Market 2016-2020 latest research report, analysts forecast the global abrasives market to grow at a CAGR of 5.59% during the period 2016-2020.This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Complete report on Abrasives market is now available at http://www.reportsnreports.com/reports/524634-global-abrasives-market-2016-2020.html.
The global coated abrasives market is a red ocean market. The competition among the global and regional manufacturers is intense. The manufacturers are focusing on the development of innovative coated abrasive-based products to gain a competitive edge.
According to the Abrasives market report, garnet is increasingly replacing silica-based abrasives in many industries due to the strict regulations imposed on the use of silica abrasives. The mineral is cheaper than silica, and its round-shaped grains make it a suitable material for use in many industrial applications.
This report covers the present scenario and the growth prospects of the global abrasives market for 2015-2020. To calculate the market size, the report considers revenue generated from the sales of abrasives in APAC, Europe, Americas, and rest of the world (ROW).
Segmentation by End-user and Analysis of the Abrasives Market – Coated, Bonded and Super abrasives
During 2015, the coated segment dominated the abrasives market and accounted for more than 50% of the market share. Coated abrasives are malleable in nature and are used in the form of belts, discs, and sheets. Moreover, the use of coated abrasives is high in light polishing applications in the auto ancillaries, automobile, hand and power tools, white goods, sanitary ware, furniture, fabrications, and construction industries. Factors such as the growth of global construction and manufacturing market will impel the growth prospects of this market segment in the coming years.
Geographical Segmentation and Analysis of the Abrasives Market – APAC, North America, Europe and ROW
The APAC region dominates the global abrasives and will generate revenues of over USD 33 billion by the end of 2020. Factors such as rapid economic development and the increase in per capita income in this region will drive the market in the region during the predicted period. Moreover, the growth of this market is also fostered by the demand from the transportation and construction industries in APAC.
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The global abrasives market is very competitive and also highly fragmented due to the presence of many large and small suppliers. Many new vendors are expected to enter the market owing to the increasing demand for abrasives. Vendors compete on the basis of innovation, price, quality and performance, and customer-centrism.
Key players in the global Abrasives market: 3M Co., DuPont, Henkel AG & Company KGaA, Robert Bosch GmbH, and Saint-Gobain S.A.
Other prominent vendors in the market are: Abrasive Technology, Allied High Tech Products, Almatis, Asahi Diamond Industrial, Cabot Microelectronics, and TYROLIT Schleifmittelwerke.
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