An abrasive is a material, often a mineral, that is used to shape or finish a workpiece through rubbing which leads to part of the workpiece being worn away by friction. While finishing a material often means polishing it to gain a smooth, reflective surface, the process can also involve roughening as in satin, matte or beaded finishes. In short, the ceramics which are used to cut, grind and polish other softer materials are known as abrasives.
In terms of volume, the Sales of Abrasives was about 4873.67 K Tons in 2016. And it is anticipated to reach 7689.43 K Tons by 2022. Global abrasives market is expected to grow significantly over the forecast period owing to the rising demand from automobiles, medical device along with electronic equipments. Abrasives are generally classified into natural and synthetic adhesives.
The key players are Saint-Gobain, 3M, Murugappa Group, Tyrolit, Noritake, Asahi, Huanghe hirlwind, Hermes Schleifmittel, Husqvarna, Bosch, Fujimi, Pferd, Sharpness, Rhodius, Klingspor, Suhner Group, Dronco (Osborn). Saint-Gobain, 3M are the global leader.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins. Manufacturers can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times (TAT) and supply-lead-times.
Significant and lasting barriers make entry into this market difficult. These barriers include, but are not limited to: (i) product development costs; (ii) capital requirements; (iii) intellectual property rights; (iv) regulatory requirement; and (v) Transitions’ unfair methods of competition.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
The global Abrasives market is valued at 11300 million US$ in 2018 is expected to reach 18400 million US$ by the end of 2025, growing at a CAGR of 6.3% during 2019-2025.
This report focuses on Abrasives volume and value at global level, regional level and company level. From a global perspective, this report represents overall Abrasives market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
Saint-Gobain
3M
Murugappa Group
Tyrolit
Noritake
Asahi
Huanghe Whirlwind
Hermes Schleifmittel
Husqvarna
Bosch
Fujimi
Pferd
Sharpness
Rhodius
Klingspor
Suhner Group
Dronco (Osborn)
Segment by Regions
North America
Europe
China
Japan
Segment by Type
Bonded Abrasives
Coated Abrasives
Super Abrasives
Segment by Application
Automotive
Machinery
Metal Fabrication
Electrical & Electronics
Others
Summary:
Get latest Market Research Reports on Abrasives . Industry analysis & Market Report on Abrasives is a syndicated market report, published as Global Abrasives Market Research Report 2019. It is complete Research Study and Industry Analysis of Abrasives market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.