Markntel Advisors’ report, Abrasives Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Abrasives presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
Abrasives Market Research Report & Market Summary:
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.
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Abrasives Market Dynamics:
Key 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.
Abrasives Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
By Type
- Coated Abrasive
- Bonded Abrasive
- By Bonding Agents
- Vitreous
- Resin
- Metal Bonded
- Electroplated
- Rubber
- Others
- Super Abrasive
- By Bonding Agents
By Raw Material
- Synthetic
- Aluminum oxide
- Metallic abrasives
- Silicon carbide
- Others
- Natural
By Application
- Machinery
- Aerospace
- Metal Fabrication
- Automotive
- Electrical & Electronics
- Others
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific.
As indicated in the latest market research report published by Markntel Advisors, “Abrasives Research Report: Forecast (2024-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Abrasives industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
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Top Companies Operating in the Abrasives Market:
- 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, Inc.
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Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Frequently Asked Questions (FAQs)-
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