The report of Bonded Abrasives Market, By Applications (Precision Grinding, Rough Grinding, Fabrication, Polishing, Cutting and Others) End-Users (General Metalworking, Automotive, Marine, Aerospace, Construction and Others) and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ 28.19 Bn by 2027, at a CAGR of 6.2% during a forecast period.
Applications of Global Bonded Abrasives segment is expected to grow at the highest CAGR of XX% during the forecast period.
Precision grinding applications accounts for the largest bonded abrasives market share in the year of 2019. Rise application with growing awareness will boost the market growth, developing construction, automotive, electronics industry growth is significant since long. Automotive sector is anticipated to witness the fastest growth over the forecast period because of increasing number of industrial projects globally.
The North America region dominated the Bonded Abrasives Market in 2019.
Regionally, North America is expected to witness the noticeable growth during the forecast period since North America on account of rapid urbanisation and industrialization. North America accounted for over 45% of bonded abrasives market with the highest demand. As construction sector in developed countries with lavish infrastructure like North America is very high and so is expected to grow the bonded abrasives market in the North American region.
Major Key player’s executing in the global bonded abrasives market are, NIPPON RESIBON CORPORATION, Carborundum Universal Limited, Buffalo Abrasives, Abrasives Manhattan, Marrose Abrasives, Grinding Techniques Ltd, SAK Abrasives Limited, Sia Abrasives Industries AG, Flexovit, Saint-Gobain, 3M, Bosch GmbH, DRONCO GmbH, KWH Mirka and Fujimi Incorporated.
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