Abrasive Market Size in 2023 | Business Forecast up to 2031 with Strong Data Source & Driving Forces | No of Pages 100

𝐀𝐛𝐫𝐚𝐬𝐢𝐯𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

A report by Transparency Market Research on the global abrasives market finds that it would expand at a steady 5.5% CAGR between 2021 and 2031. Rising at this pace, the market would likely to cross the value of US$ 97.7 Bn by 2031.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 | 𝐔𝐬𝐞 𝐏𝐫𝐨𝐦𝐨 𝐂𝐨𝐝𝐞 𝐅𝟑𝟎 𝐟𝐨𝐫 𝐈𝐧𝐬𝐭𝐚𝐧𝐭 𝟑𝟎% 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 -https://www.transparencymarketresearch.com/checkout.php?rep_id=1334<ype=S

Among different types of products being sold in the global abrasives market, the loose abrasive grains are set to rise at a healthy rate over the next couple of years, owing to their solid demand from manufacturers, predicts the TMR report. From a geographical standpoint, Asia Pacific accounts for a leading share of the global abrasives market. Moreover, it is expected to contribute significantly to the market growth, powered primarily by China, which leads with respect to production of abrasive materials and abrasive products

Surging Automotive and Electronic Sectors Fueling Demand in Market

Abrasives are being increasingly used in transportation, machinery, metal fabrication, and electronic & electrical equipment sectors for imparting a proper finish to the surface and getting the desired shape of objects. According to the lead analyst of the report, "Abrasives find usage in automotive, manufacturing, and electronics for a perfect polish to their surface. They are also used for shaping materials through grinding, removal of surface layers of paint or corrosion, polishing finished products, and cutting hard materials made of steel or concrete."

𝐓𝐎 𝐊𝐍𝐎𝐖 𝐇𝐎𝐖 𝐑𝐔𝐒𝐒𝐈𝐀 𝐔𝐊𝐑𝐀𝐈𝐍𝐄 𝐖𝐀𝐑 𝐖𝐈𝐋𝐋 𝐈𝐌𝐏𝐀𝐂𝐓 𝐓𝐇𝐈𝐒 𝐌𝐀𝐑𝐊𝐄𝐓 -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1334

With surging sales of automotive and electronic products, the global abrasive market is expected to tread on a steady growth trajectory over the next couple of years. The expansion of the metal fabrication segment is another major driver for the market. Besides, end users of construction, medical devices, cleaning & maintenance, and power generation are also expected to positively influence the demand for abrasives across the globe.

Range of Materials Find Usage as Abrasives for Various Purposes

Some of the materials used as abrasives in the global abrasives market are silicon carbide, which is normally used for non-ferrous metals, aluminum oxide or alumina, which is the most commonly used abrasive for high tensile materials, ferrous alloys, wood, diamond used for ceramic grinding or final polishing, cubic boron nitride, garnet, glass, alumina and zirconia alloys.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=1334

Posing a challenge to the global abrasives market, on the other hand, is the strict rules framed by governments against the usage of silica abrasives and fluctuating prices of feedstock.

Abrasives Market: Key Players

Operational efficiency and R&D of better products are two factors determining the success of manufacturers in the global abrasives market. Banking upon such strategies, companies that hold a prominent position in the market are Robert Bosch GmbH, Saint Gobain SA, DuPont, Henkel AG & Co. KGaA, 3M, and Tyrolit Schleifmittelwerke Swarovski K.G.

Overall, the global abrasives market is fragmented with numerous large and small companies. They are seen resorting to mergers & acquisitions and partnerships to tap into synergies and grow further.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=1334

Global Abrasives Market: Segmentation

Abrasives Market, by Product

Bonded Abrasives
oated Abrasives
Raw Super Abrasives
Steel Abrasives
Loose Abrasive Grains
Others (including Nonwoven Abrasives)

Abrasives Market, by End-user

Machinery
Electrical & Electronic Equipment
Transportation
Metal Fabrication
Others (including Construction, Medical Devices, Power Generation, and Cleaning & Maintenance)

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 -

Liquid Polybutadiene [LPBD] Market - https://www.globenewswire.com/news-release/2022/10/03/2526527/0/en/Liquid-Polybutadiene-LPBD-Market-to-Grow-at-5-CAGR-during-Forecast-Period-TMR-Study.html

Smart Polymers Market - https://www.accesswire.com/718718/Smart-Polymers-Market-to-Reach-US-27-Bn-by-2030-TMR-Study

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬

Nikhil Sawlani
Transparency Market Research Inc.
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