Abrasives Set to Grow at 4.5% CAGR by 2030

According to recent findings, 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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Abrasives Overview:

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 Outlook and Future Trends :

Mounting Demand for Abrasives, Driven by Increasing Infrastructure Development Activities: Numerous countries worldwide are increasingly focusing on developing their infrastructure across diverse sectors, such as commercial, residential, industrial areas. Such projects include the construction development of commercial areas, such as airports, shopping malls, railway stations, highways, roads, tunnels, coupled with industrial construction activities associated with manufacturing plants, steel mining industries, metal fabrication, as well as the construction of smart cities rural areas, among others, indicating a substantial rise in demand for abrasives over the coming years.

Global Abrasives Segmentation Analysis:

By Type

Coated Abrasive
Bonded Abrasive
- By Bonding Agents
  - Vitreous
  - Resin
  - Metal Bonded
  - Electroplated
  - Rubber
  - Others
- Super Abrasive

According to reports, Between the two, coated abrasives dominated the market with the largest revenue share in 2022, and the same trend is likely during 2024-30.

By Raw Material

Synthetic
- Aluminum oxide
- Metallic abrasives
- Silicon carbide
- Others
Natural

By Application

Machinery
Aerospace
Metal Fabrication
Automotive
Electrical Electronics
Others

According to reports, Of them all, the metal fabrication application of abrasives has proliferated in recent years and is likely to witness rapid growth, hinting at the inflated Abrasives Market size during 2024-30.

By Region

North America
South America
Europe
Middle East Africa
Asia-Pacific.

According to reports, Of all regions globally, Asia-Pacific is anticipated to dominate the Abrasives Market with the largest share during 2024-30.

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Some of the Market players in the Global Abrasives are:

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.

Abrasives Recent Development:

In October 2022, Boride Engineered Abrasives introduced a fresh addition to its range of polishing equipment, the HTSG-3S High Torque Air Grinder. This new air grinder is the most robust one available in the air micro grinder series. The inclusion of this low-speed, high-torque grinder expands the variety of abrasives that can be used and reduces the occurrence of errors during the grinding process.

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Key Highlights of the Report – Unlock Valuable Market Insights

Market Size, Share Future Projections – Understand the current market dimensions and forecasted growth trajectory.
In-Depth Pricing Analysis – Get clarity on pricing trends and cost structures across segments.
Company Strategies Developments – Discover recent mergers, acquisitions, partnerships, and innovations.
Key Stakeholders Value Chain Insights – Identify the main players and their roles within the industry ecosystem.
Import Export Dynamics – Analyze global trade flows, regional export trends, and supply chain movements.
Competitive Benchmarking – Gain a clear view of the leading companies and their market positioning.
Emerging Growth Opportunities – Spot untapped areas and niche markets for potential investment.
Market Trends Growth Drivers – Stay ahead with insights into evolving consumer behavior and industry indicators.

Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

Key Steps:

Define objectives and research design
Collect data through surveys and interviews
Analyze and validate data using reliable tools
Forecast trends and deliver actionable insights

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