Abrasives Market Share, Industry Growth, Trends, Business Opportunities, Challenges, Growth Insights to 2026

The Global Abrasives Market Size is predicted to reach USD 59.34 billion by 2026, exhibiting a CAGR of 6.1% during the forecast period.

According to the report, published by Fortune Business Insights in a report, titled “Abrasives Market Size, Share & Industry Analysis, By Materials (Natural and Synthetic), By Product (Bonded, Coated, and Super Abrasive), By Application (Automotive, Electrical & Electronics, Metal Fabrication, Machinery, and Others), and Regional Forecast, 2019-2026” the market size stood at USD 37.09 billion in 2018.

The report incorporates several factors that have impacted the abrasives market share in recent years. Besides providing insights on the growth stimulators, it reveals a few factors that have restricted the market growth. The report highlights a few of the leading products, significant companies, and considerable industry developments of recent times. The competitive landscape has been discussed in-depth in the abrasives market report. Forecast values for the market have been provided in the report for the period of 2019 to 2026. Moreover, the report recognizes areas that have witnessed the highest demand and applications for the product in recent years.

Some of the Major Companies Operating in the Abrasives Market Include:

  • 3M
  • Saint-Gobain
  • KREBS & RIEDEL Schleifscheibenfabrik GmbH & Co. KG
  • Asahi Diamond Industrial Co., Ltd.
  • Robert Bosch GmbH
  • Fujimi Corporation
  • Henkel AG & Co. KGaA

Launch of New Quantum3 by Saint-Gobain to Support Proliferation

Saint-Gobain Abrasives, the global leader in abrasives and cutting, grinding, and finishing operations, unveiled its new Norton QUANTUM3™ RightCut Wheels, adding to its Norton QUANTUM3™ (NQ3) lines of Depressed Center Grinding Wheels and Combination Wheels. Furthermore, the Saint-Gobain Abrasives also partnered with Airgas to provide Norton QUANTUM3™ RightCut Wheels through Airgas exclusively for a limited period of 3 months. Air Airgas is a leading U.S. supplier of industrial, medical and specialty gases as well as related hard goods, including maintenance, repair and operations (MRO), welding and safety equipment and supplies. The collaboration between both companies is expected to aid the abrasives market trends in the forthcoming years. Furthermore, Product Manager Cutting-off & Grinding Wheels Northern Europe & South Africa at Saint-Gobain Abrasives said in a statement “Increased user comfort is a massive bonus for Norton Quantum3 Grinding Wheels thanks to the special grain/bond composition which adapts to all grinding conditions and leads to a reduction in the vibration levels during the operation, this, in turn, maximizes performance.”

Gain More Insights into the Abrasives Market Research Report: https://www.fortunebusinessinsights.com/abrasives-market-102177

Rising Technological Advancement to Propel Market in North America

The market in North America stood at USD 9232.8 million in 2018 and is expected to grow rapidly during the forecast period. The growth in the region is attributable to the advancement in precision tooling and machine part manufacturing along with technological development. Europe is likely to witness high growth during the forecast period owing to the automobile production hub in the region. The rising demand for cleaning and maintenance of automobiles to augment the growth of the market in Europe.