Global Abrasives Market 2019-2023
Absrasives are materials that are used to grind, abrade, or clean workpieces to give the desired shape and finish. They are used for polishing surfaces, buffing, honing, and sanding.
Technavio’s analysts forecast the global abrasives market to grow at a CAGR of 5.65% during the period 2019-2023.
Covered in this report
The report covers the present scenario and the growth prospects of the global abrasives market for 2019-2023. To calculate the market size, the report considers the revenue generated from the use of abrasives in different type
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Abrasives Market 2019-2023
Technavio recognizes the following companies as the key players in the global abrasives market: 3M, Asahi Diamond Industrial, Fujimi, Henkel, Robert Bosch.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the growth in the medical devices industry. Abrasives are used for cleaning and providing finishing medical devices. The rise in medical devices will be a key trend in the market.
According to the report, one of the major drivers for this market is the increasing use of abrasive in the electronics industry. In the industry, abrasives are primarily used for sizing of silicon bricks, surface grinding and chamfering of silicon blocks and many others.
Further, the report states that one of the major factors hindering the growth of this market is the regulations on phenolic resin manufacturing. Stringent regulations on phenolic resin manufacturing will hamper the market growth.
Asahi Diamond Industrial
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