Research On: Abrasives Market 2021-2027 By Top Key Players, Types, Applications & Forecast

 Overview 

The global abrasives market, during the forecast period 2019-2027, will register growth at a CAGR of 4.9% . The market for abrasives is set to reach a high value by 2027. As per abrasive market analysts, the global market is anticipated to witness growth owing to the factors such as the growing automotive industry as well as rising modernization and urbanization. However, the abrasives market will face challenges and restraints due to fluctuations in raw material prices and laws restricting the use of silica abrasives during the forecast period 2017-2025. 

Growing adoption from the furniture and interior industry in the market is set to play a key role in determining the growth potential during 2019-2027years. Analysts have also studied the market to understand potential threats and challenges the market companies could face. Although the abrasives market is poised to grow at a fast pace across source, material, type, and applications segments, factors such as volatile price of raw materials could slow down the market's growth worldwide. 

 

Competitive Landscape 

Abrasives have seen increased demand over the years, due to demand for edge finishing and high consumption of abrasive furniture and the growing metal manufacturing industry. Companies functioning in the global abrasives market are also being challenged due to raw material related problems and weak supply chain. Mergers and acquisitions by market companies are anticipated to help the market during the forecast period 2017-2025. As the market is set to register a high CAGR of 4.9% and is also anticipated to reach a high value, the report highlights key areas companies need to focus on. The report suggests that the market will see a healthy growth in the long run till 2025. Based on SWOT analysis and market’s analysis based on Porters’ Five Force Model presented in the market report. Mergers and acquisitions by market companies are anticipated to help the market during the forecast period 2017-2025.  

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