Abrasives Market 2024-2030 | Size, Demand, Key Players, Growth and Forecast – MarkNtel

Abrasives Market 2024-2030 | Size, Demand, Key Players, Growth and Forecast – MarkNtel

Abrasives Market Overview

As per recent research by MarkNtel Advisors, 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.

Abrasives Market Dynamics

Market Drivers : 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 abrasives market.

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Abrasives Market Segmentation Overview 2024-2030: Key Factors

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

Read Full Report: https://www.marknteladvisors.com/research-library/global-abrasives-market.html

Abrasives Market Geographical Insights:

By Region:

-North America

-South America

-Europe

-Middle East & Africa

-Asia-Pacific

Key Players and Competitive Strategies in the Abrasives Market

Several prominent players dominate the Abrasives Market, 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.

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Questions Addressed in this Study

1.How big is the Abrasives Market Size?

2.What is the Abrasives Market Growth?

3.Who are the key players of the Abrasives Market?

If you require specific information that isn't included in the current report, we'll provide it as part of the customization process

Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, 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 15 diverse industrial verticals.

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