Market Insights and Analysis: Global Abrasives Market Overview and Projections (2024-2030)
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. The market is projected to experience significant growth in the coming years due to the surge in construction manufacturing activities worldwide. The demand for abrasives in the construction industry for woodworking, fabrication, metal components, and other uses is particularly high in various developing countries. As a result, abrasives manufacturers have the immense potential to capitalize on these opportunities and achieve substantial revenue market share.
Top leading companies in the Global Abrasives Market includes:
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.
Global Abrasives 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.
Access the detailed PDF Sample report- https://www.marknteladvisors.com/query/request-sample/global-abrasives-market.html
Report Segmentation:
The market is categorized into the following segments in the report:
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.
Explore Our Comprehensive Study Reports – https://www.marknteladvisors.com/research-library/global-abrasives-market.html
Global Abrasives Market Geographic Reach:
The Geographic Reach of the Global Abrasives Market evaluates the spread and significance of Global Abrasives market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North America: USA, Canada, Mexico
- Europe: Germany, UK, France, Italy, Spain
- Asia-Pacific: China, India, Japan, South Korea
- South America: Brazil, Argentina, Rest of South America
- Middle East Africa: UAE, Saudi Arabia, South Africa, Algeria, Morocco.
Note: If you require specific information not covered in the current report, we can provide it through customized option
Why choose Us?
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative quantitative research company, strive to deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
For Media Inquiries, Please Contact:
Call: +1 628 895 8081 | +91 120 4278433
Email: sales@marknteladvisors.com
Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511
Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India
