Abrasives Market Thrives, Anticipates 4.5% CAGR Growth by 2030

 


Market Overview: Global Abrasives Market

MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the Global Abrasives Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.

Abrasives Market Insights 2024-30

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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Top Players 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.

Segmentation Analysis of Abrasives Market

Abrasives Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

-By Application

  • Machinery
  • Aerospace
  • Metal Fabrication
  • Automotive
  • Electrical & Electronics

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. This growth is backed by the capabilities of these materials in aiding the manufacturing of metal structures through bending, cutting, & assembling processes. They are also used as cut-off saws owing to the steel-cutting abrasive disks that help cut metals into the desired shape. Other than this, they aid in the fabrication of products like fiber & flap discs for grinding metals & blending surfaces. Backed by such uses, the demand for abrasives is exploding for metal fabrication and, in turn, fueling the Abrasives Market growth.

On the other hand, Electrical & Electronics applications of abrasives significantly contribute to the ascension of the Global Abrasives Market, owing to the easy availability of new & attractive materials for wire insulation & blending in the electrical sector, creating lucrative opportunities for the abrasives market leaders and instigating them to expand their production & distribution capacities in order to cater to the varied end-user demands globally.

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-By Type

  • Coated Abrasive
  • Bonded Abrasive

-By Raw Material

  • Synthetic
  • Natural

A Comprehensive Geographical Analysis:

-By Region

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

Of all regions globally, Asia-Pacific is anticipated to dominate the Abrasives Market with the largest share during 2024-30. It owes to its flourishing automotive industry and the growing number of construction activities across different countries in the region, creating the demand for abrasives and generating lucrative opportunities for the abrasives market leaders to increase their production & distribution capacities in order to cater to the burgeoning end-user requirements.

Likewise, Europe is anticipated to make a substantial contribution to the abrasives market expansion in the coming years. The region is a hub for automobile production, so the procurement of abrasives is massive, making Europe a prominent consumer of these materials. Moreover, stringent regulations by automakers to ensure high-level cleaning & maintenance services for automobiles are also escalating the regional market growth.

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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.

We have our existence across the market for many years and have conducted multi-industry research across 4.50+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

Being one of the most efficient market research companies in India, our specialized team of experienced & efficient market research professionals is capable of grasping every minute and valuable information & data of the market to offer our clients with satisfactory details. Our company has served the biggest market research firms in India at leading positions and is proficient in managing all types of market research projects.

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About Us

MarkNtel Advisors is a leading market research company, 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.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.5 diverse industrial verticals.

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