Global Abrasives Market to Reach $54.7 Billion by 2026

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22 Sep, 2021, 10:55 ET

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SAN FRANCISCO, Sept. 22, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Abrasives - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCEEdition: 15; Released: April 2021Executive Pool: 1107Companies: 42 - Players covered include 3M Company; Asahi Diamond Industrial Co., Ltd.; Dronco GmBH; Henan Huanghe Whirlwind Co., Ltd.; Henkel AG & Co. KGaA; Mirka Ltd; Nippon Resibon Corporation; Robert Bosch GmbH; Saint-Gobain Abrasives, Inc.; Tyrolit-Schleifmittelwerke Swarovski K.G. and Others.Coverage: All major geographies and key segmentsSegments: Type (Bonded, Coated, and Superabrasives); Material (Natural, and Synthetic); End-Use (Automotive, Machinery, Metal Fabrication, Electronic & Electrical Equipment, and Other End-Uses)Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Abrasives Market to Reach $54.7 Billion by 2026Amid the COVID-19 crisis, the global market for Abrasives estimated at US$40.9 Billion in the year 2020, is projected to reach a revised size of US$54.7 Billion by 2026, growing at a CAGR of 4.8% over the analysis period. Bonded, one of the segments analyzed in the report, is projected to record a 4.6% CAGR and reach US$27.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Coated segment is readjusted to a revised 5.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $11.7 Billion in 2021, While China is Forecast to Reach $10.9 Billion by 2026The Abrasives market in the U.S. is estimated at US$11.7 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.9 Billion by the year 2026 trailing a CAGR of 7.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.

Superabrasives Segment to Reach US$9.8 Billion by the year 2026In the global Superabrasives segment, USA, Canada, Japan, China and Europe will drive the 3.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$5.8 Billion in the year 2020 will reach a projected size of US$7.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:Zak AliDirector, Corporate CommunicationsGlobal Industry Analysts, Inc.Phone: 1-408-528-9966www.StrategyR.com Email: [email protected]

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