Abrasives Market - Industry Trends and Forecast to 2028
MarkNtel Advisors, a prominent market research firm, has recently published a report titled Abrasives Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing Abrasives market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.
Abrasives Reports Highlights
What is the size of the Abrasives Market?
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., 2023-28. The market is projected to experience significant growth in the coming years due to the surge in construction & manufacturing activities worldwide.
What do the growth prospects and trends look like in the Abrasives Industry?
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 global abrasives market.
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What Components are encompassed within Abrasives Market segmentation?
The report has divided the market into the following segments:
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
By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific.
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Who are the Primary Companies or Entities active in the Industry?
The report covers the major market players including:
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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