Global Abrasives Market

Abrasives Market Exceeds USD 35.5 Billion in 2022, Predicts 4.5% CAGR Triumph Until 2030

Global Abrasives Market A Dive from USD 35.5 Billion in 2022/by 2030 | MarkNtel Advisors

MarkNtel Advisors has recently released an all-encompassing report on Global Abrasives Market. The report thoroughly explores the present and future market scenarios, providing valuable insights into market size, share, and competitor segmentation. It also delivers an overview of manufacturers, regions, product categories, and application areas. This extensive research is designed to empower clients with the knowledge required to comprehend and capitalize on market trends for their business strategies.

Forecast 2030: Revealing Abrasives Market Insights and Analysis

The Global Abrasives Market size was valued at USD 35.5 Billion in 2022 and is projected to grow at a CAGR of around 4.5% during the forecast period, i.e., 2024-30.

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Market Driver: The Automotive Industry’s Growing Demand for Abrasives

Since abrasives find substantial application across the automotive industry for repairing engine parts, auto body, and interior & exterior cleaning, among other applications, their demand is hiking worldwide. In fact, these materials are also used for cleaning the insides of components like pipes, smooth welds, edges, & surfaces for fitting, oiling, polishing, or painting. Such applications are augmenting the demand for abrasives across the automotive industry and driving the abrasives market.

A Comprehensive Overview of Geographical Diversity:

the Global Abrasives Market expands across:

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

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Abrasives Market Segmentation Outline:

  • By Type (Coated Abrasive, Bonded Abrasive
  • By Bonding Agents (Vitreous, Resin, Metal Bonded, Electroplated, Rubber, Others}], Super Abrasive)
  • By Raw Material (Synthetic [Aluminum oxide, Metallic abrasives, Silicon carbide, Others], Natural)
  • By Application (Machinery, Aerospace, Metal Fabrication, Automotive, Electrical & Electronics, Others)

Competitive Outlook

Robert Bosch GMBH, 3M Company, Saint-Gobain Abrasives, Inc., Fujimi Incorporated, Asahi Diamond Industrial Co., Ltd., Cumi Murugappa Group (Carborundum Universal Limited), Mirka Ltd., Henkel AG & Co. KGaA, Nippon Resibon Corporation, Sankyo Rikagaku Co., Ltd., Noritake Co. Ltd., Tyrolit Group, Boride Engineered Abrasives, Flexovit USA, Inc., Abrasive Technology.

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About MarkNtel Advisors

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

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