The global abrasives market report is expected to reach USD 63.98 billion by 2027, exhibiting a CAGR of 5.7% during the forecast period. The increasing demand for abrasives in the automotive industry will have a positive impact on the abrasives market growth. Moreover, coated and non-woven abrasives are both used to refinish auto bodies.

The increasing demand for abrasives in the automotive industry will have a positive impact on the abrasives market growth. Moreover, coated and non-woven abrasives are both used to refinish auto bodies.

The tragedy caused by communicable coronavirus has put enormous pressure on industries and sectors across the globe. The governments of several countries have instigated lockdown to prevent the spread of this infectious disease. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.

Market Driver:

Rising Demand from Automotive Sector to Drive Market

The growing use of abrasives in the automotive industry can be an essential factor augmenting the growth of the market. They are used for engine parts sizing, repairing, cleaning of auto body, interior, and exterior. It is also utilized to clean the surfaces for oiling, smooth welds, smooth edges, fitting, polishing, or painting as well as the insides of pipes. Moreover, the inflated demand for abrasives from the automotive industry will create lucrative business opportunities for the market. For instance, coated and non-woven abrasives are both used to refinish auto bodies, while super abrasives or grinding wheels are used in the engine

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

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

• The 3M Company (U.S.)

• Saint-Gobain (U.S.)

• Krebs & Riedel (Germany)

• Asahi Diamond Industrial Co., Ltd. (Japan)

• Robert Bosch GmbH (Germany)

• Fujimi Incorporated (Japan)

• Henkel AG & Co. KGaA (Germany)

• Carborundum Universal Limited (India)

• NIPPON RESIBON CORPORATION (Japan)

• KWH Mirka (Finland)

• NORITAKE CO., LIMITED (Japan)

• Other Key Players

Surging Construction Industry to Aid Expansion in Asia Pacific

The market in Asia Pacific is expected to experience a rapid growth rate during the forecast period owing to the booming construction industry in countries such as China, Japan, and India. The increasing advancement and urbanization will influence the healthy growth of the market in the region. The metal fabrication and machinery business in china will contribute positively to the growth of the market. Europe is expected to witness a substantial growth rate during the forecast period due to rising automobile production and consumption. The growing inclination towards the cleaning and maintenance of automobiles will spur opportunities for the market. The market in North America is expected to bolster impressively due to the rapid development of precision tooling and machine part manufacturing in the US.

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.