Good Growth Opportunities in Global Abrasives Market Till 2020

Future Market Insights has announced the addition of the “Abrasives Market: Global Industry Analysis and Opportunity Assessment 2014 - 2020" report to their offering.

Abrasives are the most used materials across the various industries for cleaning the hard surface, grinding and polishing. An abrasive helps to provide surface finish and shape for the material. Abrasives are mineral like materials available in different sizes, shapes and sizes depending upon the need. They are used to clean, abrade, scour, grind and remove solid materials by the action of rubbing. Two kinds of abrasives are available in global abrasives market as synthetic and natural.

Most of the natural abrasives have been replaced by synthetic abrasives in the abrasives market due to their consistent properties as required in industrial applications. Apart from natural diamond most of the abrasives are variable with their properties. One of the basic properties an abrasive must possess is hardness and that it must be harder than the material to which is polished, grinded or removed.

Abrasives market covers wide variety of materials used on large scale in various industries such as transportation, metal fabrication, machinery and electronic equipment. General application of abrasive material includes grinding, tumbling media, cutting wheels, tool sharpening and metal cleaning. Some of the high-end industrial application of abrasives material market are peening, de-flashing, paint stripping, blast cleaning and de-burring.

The global abrasives market is estimated to grow two fold in terms of market revenue, with a double digit CAGR for the forecast period. The global abrasives market is segmented in seven key regions which are North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Middle East and Africa and Japan.

As of 2013, Asia-Pacific abrasives market dominated the global abrasives market in terms of volume followed by Western Europe and North America. The growth of Asia-Pacific abrasives market is supported by various factors such as increasing production of automobiles, electronic equipment, medical devices and packaging especially in emerging economies such as India and China. The government norms on the use of silica abrasives, volatile prices of raw materials in production of abrasives are the major challenges of the global abrasives market.