Global Abrasives Market is Expected to Reach USD 51.38 Billion by 2019: Transparency Market Research

Global Abrasives Market is Expected toGlobal Abrasives Market is Expected to Reach USD 51.38 Billion by 2019: Transparency Market Research PR Newswire ALBANY, New York, March 13, 2014 Transparency Market Research has released a new market report titled "Abrasives (Bonded Abrasives, Coated Abrasives, Raw Superabrasives, Steel Abrasives, Loose Abrasive Grains and Others) Market for Machinery, Electrical & Electronic Equipment, Transportation, Metal Fabrication and Other End-user Industries - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" which observes that the revenue generated by abrasives market was USD 35,203.6 million in 2012 and is expected to reach USD 51,389.7 million by 2019, growing at a CAGR of 5.5% from 2013 to 2019. The global demand for abrasives was 13,939.7 kilo tons in 2012. Browse Global Abrasives Market Report with Full TOC at http://www.transparencymarketresearch.com/abrasive-market.html Abrasives are natural or synthetic substances used to grind, clean, scour, abrade or remove solid material by rubbing action or by impact. Abrasives are used in various forms such as grinding wheels, honing stones, sandpapers, cutoff wheels, polishes, sand for blasting, pulp stones, tumbling and mass-finishing media, ball mills and other tools and products. Machinery segment was the largest end user of abrasives in 2012 while transportation is expected to be the fastest growing end user segment in future.