September 2, 2019

Rapid Increase in Production of Automotive Segment Expected to Drive World Abrasive Disc Market Over the Forecast Period: Ken Research

According to study, “World Abrasive Disc Market Research Report 2024(Covering USA, Europe, China, Japan, SEA and India)” the key companies operating in the world abrasive disc market areSaint-Gobain,3M, Tyrolit,KLINGSPOR, Rhodius,Hermes Schleifmittel, SWATY COMET, Robert Bosch GmbH,Pferd, Abrasive Technology, Inc., DEERFOS, DowDuPont, Noritake,DRONCO, Noritake Co. Limited, Murugappa Group (Carborundum Universal Limited), Arc Abrasives, Inc.,CGW, Tyrolit Schleifmittelwerke Swarovski K.G., Cabot Microelectronics, FUJI Grinding Wheel, MABTOOLS, Abmast, METABO, Henkel AG & Co. KGaA, Abracs, WINKING, Zhuhai Elephant,DEWALT, Asahi Diamond Industrial Co. Ltd., Jason Inc., BWS Industrial, Shengsen Abrasive, Almatis GmbH, Zhejiang YIDA, Yongtai (Zhengzhou), BONDFLEX.

Abrasive disc is a coated abrasive which attached fine ore abrasive grains to the base material of uniform thicken. The disc is installed in grinding machines to eliminate materials from the surface of glass, plastic, ceramic, wood and other substrates. The disc also eliminates sharp edges, burrs, and other imperfections from a work piece. It is composed of an abrasive compound for polishing products without degrading their quality levels. It comes in different sizes which depends on the amount of material needed to be removed. It is economical, durable, simple to use, and does not require any kind of power to operate. It is used in a variety of grinding, sanding, polishing and surface preparation applications.

Based on type, abrasive disc market is segmented into coated abrasive disc, bonded abrasive disc, super construction abrasive disc and super precision abrasive disc. Based on material, market is segmented into synthetic and natural. Based on abrasive material type, market is segmented into super abrasive and conventional abrasive. Super abrasives include Cubic Boron Nitride (CBN) and diamond (vitrified diamond, resin bond diamond, electroplated diamond and metal diamond) while conventional abrasives include aluminum oxide, cerium oxide, boron carbide, silicon carbide and others. Based on thickness, market is segmented into 100 mm to 150 mm, 150 mm to 350 mm, 350 mm to 500 mm and 500 mm to 800mm. Based on marketing channel, market is segmented into abrasive disc customers, direct marketing and indirect marketing. Based on application, market is segmented into polishing, grinding, drilling, cutting and others. In addition, based on end-use industries, market is segmented into automotive, electronics, metal manufacturing industry, construction, medical, aerospace, oil & gas and others.

The abrasive disc market is driven by rise in demand in vehicle and bicycle brakes, followed by increase in demand for automobiles, rapid increase in manufacture sector, growth in advanced technologies, rise in construction sector in emerging economies, increase in middle-class population and high demand from electronics industry. However, fluctuation in price of raw materials and stringent regulations on usage of silica abrasives may impact the market. Moreover, significant investment in R&D activities is a key opportunity for market.

Based on geography, China and India countries holds major share in abrasive disc market owing to rapid increase in production of automotive segment, presence of various unorganized players & abundant raw material availability. Europe and USA countries are expected to witness a steady growth rate due to increase in demand from the furniture & interior industry over the forecast period. The market is expected to reach at US $4590 million, by 2024, at a CAGR of 1.5%.

For more information on the research report, refer to below link:

World Abrasive Disc Market Research Report

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