Saint Gobain Abrasives Market Covid-19 Impact Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, And Growth Forecast To 2027
Market Highlights:
Global super abrasives market is estimated to reach USD 14,681.1
million by the end of the year 2023 on account of increasing production and
sale of automotive across the globe. Moreover, the extensive use of super
abrasives in high-tech electronic devices coupled with the changing lifestyle has
augmented the product demand.
Segment Analysis:
The Saint Gobain Abrasives Market is
segmented on the basis of product type, application, and region. Based on the
product type, the market is segmented into vitrified diamond, vitrified CBN,
resin bond diamond, resin bond CBN, metal/ hybrid bond CBN, metal/ hybrid bond
diamond, electroplated diamond, electroplated CBN, rotary dressers, and
stationary dressers. The vitrified diamond by product type accounted for 16.00%
market share in overall sales revenue in 2016. The demand for vitrified diamond
is increasing due to its superior edge quality and thermal stability over
conventional abrasives. The global super abrasives market is segregated on the
basis of its application as cutting tools, tool industry, machinery,
electronics/ smartphones, bearings, powertrain, turbines, gear, medical, primary
metal, and others. Cutting tools segment was the dominating segment with a
share of 15.90% in 2016 and value of USD 1,505.9 million. The segment is
projected to grow at a CAGR of 6.97% during the forecast period. Tool Industry
was the second-largest market by application in 2016 and is projected to grow
at a CAGR of 7.47% over the forecast period.
Geographically, the market is segmented into Asia Pacific,
Europe, Latin America, North America, and the Middle East & Africa.
Access Report @
https://www.marketresearchfuture.com/reports/super-abrasives-market-5958
Regional Analysis
Regionally, super abrasives market is spanned across five
regions namely North America, Europe, Asia Pacific, Latin America, and the
Middle East & Africa. Asia Pacific dominated the global super abrasives
market in 2016 by accounting for more than 57% share of the global super
abrasives market, in terms of value. This regional growth is attributed to the
high production and sales of automotive in China, India, and Japan. The
reviving automotive sector in North America and the manufacturing and trade of
automotive parts in Europe are likely to augment the market growth over the
review period. The other emerging markets such as Latin America and the Middle
East & Africa seems to observe a healthy market trend.
Key Players:
Market Research Future (MRFR) recognizes the following companies
as the key players in the global super abrasives market: Saint Gobain (France),
3M (U.S.), Carborundum Universal Limited (France), Noritake (Japan), Meister
Abrasives (U.S.), KREBA & RIEDEL (Germany), Tyrolit Schleifmittelwerke
Swarovski K.G. (Austria), TOYODA VAN MOPPES LTD. (Tokyo), SUPER ABRASIVES
(India), Zhengzhou Hongtuo Super Abrasive Products Co., Ltd (China), VSM
Abrasives Corporation (Germany), and others.
Get A Sample Report
of @
https://www.marketresearchfuture.com/sample_request/5958
About Market
Research Future:
At Market Research Future (MRFR), we enable our
customers to unravel the complexity of various industries through our Cooked
Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting
Services.
MRFR team have supreme objective to provide the
optimum quality market research and intelligence services to our clients. Our
market research studies by products, services, technologies, applications, end
users, and market players for global, regional, and country level market
segments, enable our clients to see more, know more, and do more, which help to
answer all their most important questions.
In order to stay updated with technology and work
process of the industry, MRFR often plans & conducts meet with the industry
experts and industrial visits for its research analyst members.
Contact:
Market Research Future
Phone: +16468459312
Email: sales@marketresearchfuture.com
Read More Related
Article:
https://www.marketresearchfuture.com/reports/phosgene-market-1184
https://www.marketresearchfuture.com/reports/aromatics-market-930
https://www.marketresearchfuture.com/reports/cyclohexane-market-1090
Comments
Post a Comment