NEW YORK, June 21, 2021 /PRNewswire/ —
The Abrasives Market report has been added to Technavio’s offering. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Our client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies.
The abrasives market is expected to grow by USD 8.29 billion during 2021-2025, expanding at a CAGR of over 4%. The report also throws light on the impact of the COVID-19 pandemic on the market and the new opportunities and challenges market players can expect. The impact can be expected to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth.
The report offers a detailed analysis of the impact of the COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios.
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Abrasives Market: Rising demand for PSA-backed coated abrasives to drive growth
As per Technavio, the increasing demand for abrasives from the automotive industry will also have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2021-2025.
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Abrasives Market: Segmentation Analysis
This market research report segments the abrasives market by End-user (General engineering and tooling, Fabrication, Automotive, Electronics, and Others), Type (Bonded abrasives, Coated abrasives, and Superabrasives), and Geography (APAC, Europe, North America, South America, and MEA).
APAC will record a fast growth rate during 2021-2025, owing to which the region should offer several growth opportunities to market vendors. 70% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for abrasives market in the region.
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Some of the key topics covered in the report include:
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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