A comprehensive industry overview and market perspective are included in the latest study from MarkNtel Advisors titled Latin America Abrasives Market. The research provides a detailed overview of the current market state, including market trends and the most recent advancements made globally. In-depth analysis of market size, share, industry trends, forecast, and competitive environment is covered in the report that presents clear picture of the market with relevant statistical data.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Latin America Abrasives Market Definition:
Abrasives are materials that grind away elements like concrete, wood, ceramic, stone, & mineral, among others, and offer an elegant, sleek, & finished look to the finished product. Abrasion is majorly used for polishing in order to gain smooth & reflective surfaces & also finds application in roughening materials to matte, satin, or beaded finishes.
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Latin America Abrasives Market Insights:
The Latin America Abrasives Market is projected to grow at a considerable CAGR during the forecast period, i.e., 2023-28.
Latin America Abrasives Market Drivers:
Thriving Automotive Sector Pushes the Abrasive Industry - The market is likely to gain momentum with the wide application of abrasives demonstrated by the Automotive industry in recent years. These applications include repairing and maintaining autobody, interiors, and accessories. Abrasives also aid in sizing engine parts, deburring, smoothening welds, cleaning pipe interiors, and roughening or smoothening surfaces and edges. These materials, particularly coated abrasives, find broader applications across the automotive industry for grinding and finishing purposes. Thus, with expanding automotive sector with the substantial surge in car sales across Brazil, Argentina, and Mexico, the abrasives market is likely to thrive in the coming years.
Latin America Abrasives Market Leading Key Players:
3M Company, AA Argentine Abrasives SAIC, CARSIL ARGENTINA, German Abrasives SAS, Hilti Corporation, Klingspor Abrasivos SA, Robert Bosch GMBH, Saint-Gobain Abrasives, Inc. (Argentina), Telstar Abrasivos Ltda, Unibras, VSM Latin America SAS, Others
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Latin America Abrasives Market Segmentation:
Based on Type
- Coated
- Bonded
- Super
Based on Raw Material
- Synthetic
- Natural
Based on End User
- Construction
- Industrial
- Aerospace
- Metal Fabrication
- Automotive
- Electrical & Electronics
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Latin America Abrasives Market Geographical Analysis
By Region
- Brazil
- Argentina
- Mexico
- Chile
- Colombia
- Rest of Latin America
Recent Development of Latin America Abrasives Market:
June, 2022: Saint-Gobain Abrasives, Inc. announced its Norton Abrasive Process Solutions (APS) Program out of its grinding technology center. With this program, the company seeks to test and optimize new abrasive grinding and polishing techniques for customers, try out new & automated processes, and improve the quality and throughput for targeted applications.
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