Global Abrasives Market size is expected to grow from USD 50.14 Billion in 2022 to USD 70.76 Billion by 2030, at a CAGR of 4.4% during the forecast period (2023–2030).
Global Abrasives Market size is expected to grow from USD 50.14 Billion in 2022 to USD 70.76 Billion by 2030, at a CAGR of 4.4% during the forecast period (2023–2030).
Current Market Trends:
The Abrasive market is experiencing a surge in demand, driven by advancements in industrial applications. Among the notable trends is the increasing preference for recyclable and eco-friendly abrasive materials. This shift aligns with the global sustainability agenda, reflecting the industry's commitment to reducing environmental impact.
Abrasives refer to materials or substances used for grinding, polishing, or smoothing surfaces through the process of abrasion. Abrasion involves the wearing away or removal of material from a solid surface by friction or rubbing. Abrasives are typically hard and often consist of minerals, ceramics, or synthetic materials with sharp edges.
Key Players Covered in Abrasives Market:
3M (U.S),ARC Abrasive (U.S),Dewalt (U.S),Hermes Abrasives (U.S),Noritake Coated Abrasive (U.S),Osborn (U.S),Walter Surface Technologies (U.S),Weiler (U.S),Saint-Gobain (U.S),United SteeAbrasives (U.S),Bosch/sia Abrasives (Switzerland),Klingspor (Germany),Mirka (Finland),Pferd (Germany),SAIT ABRASIVI (Italy),Zhengzhou KINGSHARK Abrasives (China) ,Nihon Kenshi (Japan),Tailin Abrasives (Philippines), and Other Major Players.
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Market Segmentation:
By Product Type
By Material
By End-Users
By Region:
Our Abrasives market report ensures accuracy by conducting a precise examination of the industry. We establish a robust foundation for our findings through extensive utilization of primary and secondary sources. To enhance the depth of our evaluation, we employ industry-standard tools such as Porter's Five Forces Analysis, SWOT Analysis, and Price Trend Analysis.
Studying the complete Abrasives market ecosystem, our study elaborates the interdependencies and functions of various market stakeholders. Through extensive segmentation analysis and comprehensive geographical coverage, we facilitate a profound comprehension of regional trends. Furthermore, we carefully analyse external factors that impact market dynamics.
What are the key data covered in this coated abrasives market report?
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Jan 18, 2024