Press release
Global Abrasives Market valued at USD 37.67 Bn. in 2022, is projected to reach USD 52.31 Bn. by 2029, with a Compound Annual Growth Rate (CAGR) of 4.8% throughout the forecast period.
Global Abrasives Market
Maximize Market Research Pvt. Ltd., a leading market research company based in Pune, India, has released an in-depth and insightful market research report on the Abrasives Market. The report provides a detailed analysis of the market dynamics, trends, key players, and regional insights, offering stakeholders a comprehensive view of the industry landscape.
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The report aims to present a comprehensive analysis of the Abrasives Market, covering past and current industry status, forecasted market size, trends, and key player analysis. It includes a detailed study of market leaders, followers, and new entrants, along with a thorough examination of external and internal factors affecting the industry.
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What are Global Abrasives Market Dynamics?
Abrasives are mineral-based hard material substances crucial for polishing, grinding, and cleaning surfaces. They find extensive applications in various industries, including automotive, machinery, aerospace, metal fabrication, and electrical & electronics equipment. The report highlights the key factors influencing market growth, such as increased automobile sales globally, growth in electronics and manufacturing industries, and the rise in construction activities.
The global abrasive market is driven by the automotive sector's increased use of abrasives to reduce CO2 emissions and noise levels. Advancements in manufacturing, including the development of polyester and fabric-based abrasives, are contributing to market growth. Super-abrasives like industrial diamonds are gaining popularity for precision grinding and cutting of hard metals.
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What is Global Abrasives Market Regional Insight?
Asia Pacific holds the largest market share (53% in 2022), driven by increased construction activity in countries like China and India.
North America is expected to witness significant growth (CAGR of 7.2%) due to growing infrastructure, rising manufacturing investments, and increased electric vehicle (EV) production.
Southeast Asian countries, particularly Vietnam, are emerging as prime markets for abrasives due to increased industrial production.
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What is Global Abrasives Market Segmentation?
by Product
Coated Abrasive
Bonded Abrasive
Super Abrasive
by Material
Natural
Synthetic
by Application
Automotive
Machinery
Aerospace
Metal fabrication
Electrical & electronics equipment
Others
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Who are Global Abrasives Market Key Players?
1. Robert Bosch GmbH
2. 3M Company
3. Compagnie De Saint-Gobain S.A.
4. Henkel
5. Asahi Diamond Industrial
6. Dowdupont
7. Fujimi Incorporated
8. Carborundum Universal
9. Krebs & Riedel Schleifscheibenfabrik
10. Deerfos
11. Tyrolit Group
12. Nippon Resibon Corporation
13. Sankyo-Rikagaku
14. Abrasiflex
15. Noritake
16. Kier Group PLC
17. Carillon
Table of content for the Global Abrasives Market includes:
Global Abrasives Market: Research Methodology
Global Abrasives Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Abrasives Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape
Market Size, Share, Size & Forecast by different segment |
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
Contact Maximize Market Research:
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About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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