- The key vendors in the global coated abrasives market 2015-2019 are 3M Co., Bosch Group, Cabot Corp., E. I. du Pont de Nemours and Co., Henkel AG & Co. KGaA, Imerys SA and Saint-Gobain SA (Saint-Gobain Abrasives)
London, 22 April 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global coated abrasives market 2015-2019. Emergence of China as major consumer and producer is one of the latest trends upcoming in the market. The consumption of coated abrasives has surged further in recent times because of the economic and industrial development taking place in the country. Also, the rapid growth of the automobile industry in the country, resulting from urbanization and the increased influence of the West, will further augment market growth. The global coated abrasives market is expected to have a CAGR of 6.74% during the forecast period of 2014-2019.
“The manufacturers of coated abrasives are introducing innovative products to increase revenue and remain viable in the highly competitive global market,” says Faisal Ghaus, Vice President of Technavio Research.
“Vendors are removing intermediaries in the value chain and are directly marketing and supplying abrasive products to end-users. This change in the distribution system has found increased adoption because of the rapid development of e-business trading platforms, which has increased the revenue of vendors and helped them maintain profit margins.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3E%3Cspan%20style%3D%22line-height%3A%201….
