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Abrasives Market Research Analysis, Application, Global Outlook And Forecast To 2031
Abrasives Market
The regions covered in the abrasives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions
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The abrasives market consists of sales of abrasives by entities (organizations, sole traders, and partnerships) that are used to shape or finish a workpiece by rubbing, resulting in the wear of a portion of the workpiece due to friction. Grinding wheels, sandpapers, honing stones, polishes, cut off wheels, tumbling and vibratory mass-finishing media, sandblasting, pulp stones, ball mills, and other instruments and items are all examples of abrasives. Industry can only generate the very exact components and ultra-smooth surfaces required in the production of automobiles, aeroplanes, and space vehicles, as well as mechanical and electrical appliances and machine equipment, using abrasives.
Key competitors in the abrasives market include Robert Bosch GMBH, 3M Company, Saint-Gobain Abrasives Inc., Fujimi Incorporated, Henkel AG & CO. KGAA, Tyrolit Group, Asahi Diamond Industrial Co. LTD, Deerfos Co. Ltd, Carborundum Universal Limited, Nippon Resibon Corporation, Krebs & Riedel, Abrasiflex, Noritake Co. Ltd, Sankyo-Rikagaku, Sia Abrasives Industries AG., Jason Incorporated and Schaffner Manufacturing Company Inc.
The global abrasives market size is expected to grow from $36.65 billion in 2021 to $39.46 billion in 2022 at a compound annual growth rate (CAGR) of 7.68%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The abrasives market is expected to reach $56.59 billion in 2026 at a CAGR of 9.43%.
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TBRC's report segments the global abrasives market:
1) By Raw Material: Natural, Synthetic
2) By Type: Bonded Abrasives, Coated Abrasives, Super Precision Abrasives, Super Construction Abrasives
3) By Form: Block Form, Powdered Form
4) By Application: Grinding, Cutting, Polishing, Drilling, Finishing, Others
5) By End-User: Automotive, Machinery, Aerospace, Electrical and Electronics, Construction, Furniture
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The Table of Contents includes:
1. Executive Summary
2. Abrasives Market Characteristics
3. Abrasives Market Trends And Strategies
4. Impact Of COVID-19 On Abrasives Market
5. Abrasives Market Size And Growth
.....
26. Africa Abrasives Market
27. Abrasives Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Abrasives Market
29. Abrasives Market Future Outlook and Potential Analysis
30. Appendix
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The increasing application of Coated Abrasive as surface treatment material for various purposes such as auto ancillaries, fabrication, furniture, general engineering, auto OEM, flooring and others is one of…
