Bonded Abrasives Market Key Manufacturers, Product Type, Application, Segmentation 2022 to 2028- 3M, Saint-Gobain, Robert Bosch GmbH

Bonded Abrasives Market report helps in making informed business decisions by having complete insights of market and by making a comprehensive analysis of market segments. This recent research compilation on the Bonded Abrasives Market is a versatile and future-ready analytical survey that replicates trend assessment, an in-depth assessment of market valuation and revenue-generating trends with information on profit models, Swot examination, competition spectrum, and associated vendor strategies illustrated by major players and market participants contributing by aggressively investing in the global Bonded Abrasives market to secure a competitive advantage amid staggering competition, potential threats from new entrants, as well as technological innovations leading to market substitutes.

The Bonded Abrasives Market is expected to register a CAGR of 3.2% over the forecast period 2022 - 2028.

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Top Companies:

3M, Saint-Gobain, Robert Bosch GmbH, Abrasives Manhattan, Marrose Abrasives, Grinding Techniques, Sak Abrasives, Sia Abrasives, Flexovit, Carborundum Universal Limited, NIPPON RESIBON, DRONCO GmbH, Hermes Schleifwerkzeuge

By the product type, the market is primarily split into:

Rubber Bonded Abrasives
Glass Bonded Abrasives
Resin Bonded Abrasives
Others

By the end-users/application, this report covers the following segments:

Automotive
Marine
Aerospace
Construction
Metal Working
Others

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Key Market Trends

Increasing Demand from the Construction Industry

Bonded abrasives are substances used in the construction industry, to smooth out or mould (providing the finish) other softer materials through extensive rubbing.
These bonded materials work by scratching away the surface of materials, to get rid of unwanted roughness or substances, thus resulting in a polished floor look. Increasing population is ramping up the demand for living spaces, thereby driving the bonded abrasive materials use in the construction sector including residential, commercial, and infrastructural activities.
According to a study by Institution of Civil Engineers (ICE), the global construction industry is expected to value USD 8 trillion by 2038, primarily driven by China, India, and the United States region.

In the North American Region, the United States to Dominate the Market:

The United States has one of the world's largest construction industries, and it recorded annual revenue of USD 1,306 billion in 2019. The United States is a major industrialized nation that houses multiple industries in heavy-scale, medium-scale, and small-scale categories. The country is known for its booming commercial activities. According to US Census Bureau, the total Residential housing units authorized by building permits in March 2020 were at a seasonally adjusted annual rate of 1,353,000, representing 5% growth over the March 2019 rate of 1,288,000. The total number of privately‐owned housing starts in March 2020 was at a seasonally adjusted annual rate of 1,216,000, representing 1.4% growth over the March 2019 rate of 1,199,000.
Even though the United States construction sector took a plunge in 2020, the industry is expected to recover and grow by late 2021, thereby increasing the demand for bonded abrasives market from the construction sector during the forecast period. Despite the continuous growth of the automotive industry from the past decade, the sector is exhibiting a sharp decline since the beginning of 2019 due to several factors like the trade war between China and the United States and further due to the outbreak of COVID-19.

Geographical Analysis

The report provides geographical as well as country-level analysis of the Bonded Abrasives market demonstrating the dominance of companies in different regions and countries. Also, in this section, the report presents the market revenue of specific products in specific regions to get informed about the dominating region in the market. Some of the regions and countries mentioned in the report are, the US, Canada, Mexico, Brazil, in North America; China, India, Korea, Japan, Singapore in the Asia Pacific; Germany, UK, Italy, France in Europe, GCC countries, Qatar in the Middle East and Africa, Latin America, South America, etc.

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Research Methodology

All the data presented in the report from valuation to revenue, drivers, growth areas of the Bonded Abrasives market, etc., is aided by thorough research from press releases, announcements by companies, news updates, reports from company websites, government verified websites, research publications, articles by researchers, etc. All this data is scanned thoroughly by analysts in the company and the summary and collaterals are presented in the report precisely. This research helps in offering well authenticated, verified, data with exact facts and figures. The report is then forwarded to in-house analysts, top-level experts, veterans, industry persons, third parties for feedback, verification, and editing, thus, providing the reader with well written, praised report.

Key takeaways from the report

The report provides drivers, restraints, challenges, and growth points of the Bonded Abrasives market and how the market can be grown from 2022-to 2028.
The report helps in figuring out the impact of covid-19 on the Bonded Abrasives market and what measures can be taken for its development.
The Bonded Abrasives market players are assisted from the report for investing in the right product or application from the market.
The report also mentions applications, product offerings, types, key marketing trends of the Bonded Abrasives

The research includes historic data from 2016 to 2021 and forecasts until 2028 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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