Global Abrasives Market is Expected to Reach USD 51.38 Billion by 2019: Transparency Market Research

   Global Abrasives Market is Expected to Reach USD 51.38 Billion by 2019:
                         Transparency Market Research

  PR Newswire

  ALBANY, New York, March 13, 2014

ALBANY, New York, March 13, 2014 /PRNewswire/ --

Transparency Market Research has released a new market report titled "
Abrasives (Bonded Abrasives, Coated Abrasives, Raw Superabrasives, Steel
Abrasives, Loose Abrasive Grains and Others) Market for Machinery, Electrical
& Electronic Equipment, Transportation, Metal Fabrication and Other End-user
Industries - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2013 - 2019 " 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.

Browse Global  Abrasives  Market  Report with Full TOC at

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.

Abrasives Market: Product Segment Analysis

  *Bonded abrasives
  *Coated abrasives
  *Raw superabrasives
  *Steel abrasives
  *Loose abrasive grains
  *Others (Including nonwoven abrasives, etc.)

Browse  Abrasives  Market  Report at

Abrasives Market: End-user Analysis

  *Electrical & electronic equipment
  *Metal fabrication
  *Others (Including construction, medical devices, power generation,
    cleaning and maintenance, etc.)

Abrasives Market: Regional Analysis

  *North America
  *Asia Pacific
  *RoW (South America, Africa and the Middle East)

Browse all Chemical & Materials Market Research Reports @

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