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Abrasives Market is estimated to reach USD 58.43 Billion by 2021

The abrasives market size is estimated to grow from USD 41.21 Billion in 2015 to USD 58.43 Billion by 2021, at a CAGR of 6.10%. With the rise in industrialization, the machinery and metal fabrication sector is expected to play a key role in fueling the growth of the abrasives market in the next five years. <br>For more information click here: http://bit.ly/29384K6

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Abrasives Market is estimated to reach USD 58.43 Billion by 2021

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  1. Abrasives Market is estimated to reach USD 58.43 Billion by 2021

  2. Target audience Raw material suppliers Abrasive manufacturers Traders and distributors of abrasives Commercial R&D institutions Associations and industry bodies Regulatory bodies End-use industries such as the automotive, metal, electrical, electronics, and others (Construction, medical devices, power generation, cleaning & maintenance) 

  3. Scope of the Report • By Raw Material: • Natural • Synthetic • Metallic abrasives • Aluminum oxide • Silicon carbide • Others (boron carbide, ceramic aluminum oxide, and ceramic iron oxide)

  4. By Type: • Bonded abrasive • Coated abrasive • Super abrasive

  5. By Product: • Grinding wheels • Sandpaper • Others (discs, belts, and tool sharpening & metal cleaning products)

  6. By End-Use Industry: • Automotive • Machinery • Metal Fabrication • Electrical & electronics equipment • Others (construction, medical devices, and cleaning & maintenance)

  7. By Region: • North America • Europe • Asia-Pacific • RoW  (South Africa, Argentina, Brazil, and Others in RoW)

  8. Objectives of the Study To define, segment, and project the global abrasives market on the basis of raw material, product, type, end-use industry, and region To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, industry-specific challenges, and other issues) To project the size of the market in terms of value and volume, with respect to the four main regions (along with their respective key countries), namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW) To track and analyze competitive developments such as acquisitions, new product developments, agreements, and expansions & investments in the abrasives market

  9. Summary The Asia-Pacific region is the most attractive market for abrasives, owing to the rapid growth in industries such as automotive, machinery, and metal fabrication in the region. The growth of this region is supplemented by the increase in consumption and production of industrial products in developing economies such as India and China. Rise in disposable income, especially in developing countries, has led to an exceptional demand for passenger and commercial vehicles. Thus, this augmented demand for automobiles is expected to indirectly drive the growth prospects of the abrasives market in the coming years. Rise in the sales of electronic devices is likely to boost the demand for coated abrasives in the electronic industry during the forecast period, especially in the consumer goods sector.

  10. Contact US Contact:Mr. RohanMarkets and Markets UNIT no 802, Tower no. 7, SEZMagarpatta city, HadapsarPune, Maharashtra 411013, India1-888-600-6441Email: sales@marketsandmarkets.com

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