MarketResearchReports.biz has announced the addition of a report, titled “Abrasive Chemicals Market – Global Industry Trend Analysis 2013 to 2017 and Forecast 2018–2028”. The in-depth study on the global abrasive chemicals market takes a closer look at key evolutionary trends, current opportunities, and end-use industry demand dynamics. The study also makes a detailed assessment of the various competitive dynamics expected to impact the future growth trajectories of the market.
The global abrasive chemicals market is increasingly driven by widespread applications of abrasive chemicals in numerous industries such as mining, construction, steel and bar manufacturing, and pipe manufacturing. The rising demand for these chemicals for improving the surface of equipment used in foundries and for fabrication work for various metals is also accentuating the abrasive chemicals market.
The rising use of chemicals in technologies related to surface improvement in various end-use industries is an important trend propelling the growth of the abrasive chemicals market. The rising applications of such technologies in metal removal or abrasive machining process is expected to reinforce the demand in various countries. These chemicals have emerged as a choice of matter abrasive machining process on account of their unique set of mechanical properties such as grain shape and size, rigidity, hardness, and uniformity.
The global demand for abrasive chemicals market is bolstered by the rising use of abrasive use of metal fabrication processes in various applications in the automotive manufacturing sector. Hence, the staggering rise in sales of passenger and commercial vehicles in developing countries is catalyzing the uptake of abrasive chemicals. However, the growth of the abrasive chemicals market suffers from the rising price of raw materials for manufacturing abrasive chemicals.
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The rising sales of mining machines, chemical furnaces, and fabrication machines is also catalyzing the expansion of the abrasive chemicals market. The advent of new formulations for high-grade abrasives is also opening lucrative avenues for chemical companies. Furthermore, great progress have made in the functionality of artificial abrasives in recent years. Coupled with this, their lesser cost is positively impacting the dynamic of the market.
The various regional market for abrasive chemicals are North America, Latin America, Western Europe, Eastern Europe, South East Asia and Pacific, and the Middle East and Africa. Of these, the global market is expected to be led by North America. Meanwhile, the burgeoning demand for abrasive chemicals in Europe are expected to be propelled by the big strides taken by construction and fabrication works across the region. On the other hand, the Asia Pacific market for abrasive chemicals is expected to rise at above average growth rate during the assessment period.
Some of the prominent players operating in the abrasive chemicals market are Opera Chemisol India Private Limited, Robert Bosch GmbH, KWH Group, Hermes Schleifmittel, Saint-Gobain, and Richard Baker Harrison Ltd.