Which
observes that the revenue generated by abrasives market was USD
35,203.6 million in 2012 and is expected to reach USD 51,389.7
million by 2019, growing at a CAGR of 5.5% from 2013 to 2019. The
global demand for abrasives was 13,939.7 kilo tons in 2012.
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Global Abrasives Market Report with Full TOC at Abrasives
Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2013 – 2019
http://www.transparencymarketresearch.com/abrasive-market.html
Abrasives
are natural or synthetic substances used to grind, clean, scour,
abrade or remove solid material by rubbing action or by impact.
Abrasives are used in various forms such as grinding wheels, honing
stones, sandpapers, cutoff wheels, polishes, sand for blasting, pulp
stones, tumbling and mass-finishing media, ball mills and other tools
and products. Machinery segment was the largest end user of abrasives
in 2012 while transportation is expected to be the fastest growing
end user segment in future. The rising global demand for abrasives
from transportation, electrical and electronic equipment and medical
device industry is anticipated to drive the global abrasives market
in the coming years.
The
machinery segment dominated the demand for abrasives in 2012 and
accounted for 23.8% of the global demand. It is expected to maintain
its position in the next few years with a decent rate of growth. On
the other hand, the transportation segment is growing at a rapid pace
and is expected to continue the growth in the future as well. The
modest growth in the automotive and aerospace industry across the
globe, especially in the Asia Pacific region, is predicted to drive
the demand for abrasives in the next six years. Apart from that, the
electrical and electronic equipment market of abrasives is projected
to record strong growth in the coming years, due to the growing
demand for electronic appliances all over the world.
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The
global abrasives market is dominated by Asia Pacific, which accounted
for 55.8% of global volumes consumed in 2012. Growth of abrasives
market in Asia Pacific is mainly driven by the increasing demand from
the automotive and electronic equipment industry in developing Asian
countries such as China and India. Asia Pacific was followed by
Europe with slightly over 20% share in total volume consumption. The
slowdown in the North American and European markets has prompted the
major market players to emphasize on the tremendously attractive Asia
Pacific market. The key players in the abrasives market are Saint
Gobain SA, 3M, Robert Bosch GmbH, DuPont, TYROLIT Schleifmittelwerke
Swarovski K.G. and
Henkel
AG & Co. KGaA among others.
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all Press Releases:
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Abrasives
Market: Product Segment Analysis
Bonded
abrasives
Coated
abrasives
Raw
superabrasives
Steel
abrasives
Loose
abrasive grains
Others
(Including nonwoven abrasives, etc.)
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all Article :
http://www.transparencymarketresearch.com/articles.htm
Abrasives
Market: End-user Analysis
Machinery
Electrical
& electronic equipment
Transportation
Metal
fabrication
Others
(Including construction, medical devices, power generation, cleaning
and maintenance, etc.)
Abrasives
Market: Regional Analysis
North
America
Europe
Asia
Pacific
RoW
(South America, Africa and the Middle East)
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