On the back of growing population and economic development around the world combined with rising energy demand among residential, commercial and public services, and transport sector, the Abrasive Disc Market is estimated to witness exuberant growth over the forecast period, i.e., 2023-2033. According to IEA (International Energy Agency), the worldwide energy demand grew by 4% (900TWh) in 2018. In the same year, the estimation of total electricity production across the globe was attained through coal and natural gas, with coal contributing to 25.6% and natural gas with 27.9% of the total production. Additionally, there is a rising demand for clean, sustainable and eco-friendly energy generation due to increased concerns pertaining to rise in CO2 emissions from energy generation.
Driven by these concerns, many government bodies introduced strict policies and regulations in order to reduce carbon emissions and their adverse impact on the environment. These are some of the notable factors that are contributing to the growth of the Abrasive Disc Market .
To provide better understanding of internal and external marketing factors, the multi-dimensional analytical tools such as SWOT and PESTEL analysis have been implemented in the Abrasive Disc Market report. Moreover, the report consists of market segmentation, CAGR (Compound Annual Growth Rate), BPS analysis, Y-o-Y growth (%), Porter's five force model, absolute $ opportunity and anticipated cost structure of the market.
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