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. The demand for abrasives in the construction industry for woodworking, fabrication, metal components, and other uses is particularly high in various developing countries. As a result, abrasives manufacturers have the immense potential to capitalize on these opportunities and achieve substantial revenue & market share.

What do the growth prospects and trends look like in the Abrasives Industry?

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. The demand for abrasives in the construction industry for woodworking, fabrication, metal components, and other uses is particularly high in various developing countries. As a result, abrasives manufacturers have the immense potential to capitalize on these opportunities and achieve substantial revenue & market share.

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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

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.

About Us-

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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