Pune, India, February 26, 2019 -- /360iResearch/ -- The report "Russia Abrasives Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q4 2018 Update)", published by 360iResearch, states that the russia market was valued at USD 1,204.15 million in 2017 and is projected to reach USD 2,382.65 million by 2024, growing at a CAGR of 10.24% from 2017 to 2024.
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The major forces driving the growth of the abrasives market include the dominated use of abrasives for all applications from surface preparation to finishing in metal fabrication for russia’s machine-building industry and increasing demand for abrasives across neighbouring countries and innovative distribution channels. However certain factors such as the pressure to keep price low may hinder the market growth. In the middle of difficulty lies opportunity such as the recovering the state of automotive sector, and facility expansion in russia and other cis countries. The possible challenges for the market growth is subjective investment prospects for international vendors. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on product, the russia abrasives market is studied across Bonded Abrasives, Coated Abrasives, and Super Abrasives. Based on type, the russia abrasives market is studied across Natural, and Synthetic. Based on application, the russia abrasives market is studied across Aerospace & Defense, Automotive, Construction Equipment, Electrical & Electronic, Furniture & Wood, Machinery, Marine & Shipbuilding, Metal Fabrication, and Nonmetallic Mineral. Based on geography, the russia abrasives market is studied across.
The report features a competitive scenario of the abrasives market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are 3M Company, Abrasive technologies LLC, Carborundum Universal Limited, Compagnie De Saint-Gobain S.A., Fujimi Incorporated, Grind Master Machines Pvt., Ltd., Günter Wendt GmbH, Henkel AG & Co. KGaA, Hilti Corporation, ILIYCH Abrasive Company, Indasa, Novovodolazkyi Abrasive Plant Ltd., Robert Bosch GmbH, Tyrolit Group, and sia Abrasives Industries AG.
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