Metal Abrasives Market Trend 2024-2032: Strategic Collaborations for Innovation

Allied Market Research recently released an in-depth report titled "Metal Abrasives Market By Material, Type (Steel and Others), By Type (Coated, Bonded, Super Abrasives), By End-Use Industry (Automotive, Metalworking, Building & Construction, Machinery & Equipment, Others): Global Opportunity Analysis and Industry Forecast, 2022-2032." The study values the global metal abrasives market at $6.2 billion in 2022, projecting it to reach $9.6 billion by 2032, with a compound annual growth rate (CAGR) of 4.6% from 2023 to 2032.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/16592

Key Growth Drivers

The demand for metal abrasives is being driven by the need for energy-efficient and lightweight materials in various industries. Metal abrasives are utilized in several applications, such as abrasive blasting, grinding, and polishing. Despite growth, health risks and environmental concerns related to metal abrasives present challenges. However, increasing applications in advanced manufacturing, like 3D printing, offer promising growth opportunities.

Market Coverage Overview

- Forecast Period: 2023-2032
- Base Year: 2022
- 2022 Market Size: $6.2 billion
- 2032 Market Size: $9.6 billion
- CAGR: 4.6%
- Pages: 350
- Segments: Material Type, Type, End-Use Industry, Region

Segment Insights

Material Type: Steel abrasives accounted for the largest share in 2022 due to their extensive use in surface preparation, cleaning, and polishing. However, the "others" category, which includes glass bead blasting and garnet abrasives for cutting, is set to grow at a 5.1% CAGR from 2023 to 2032.

Type: Bonded abrasives led the market in 2022, especially within metalworking, automotive, aerospace, and construction. Super abrasives are expected to show the highest growth (CAGR 5.2%), driven by applications in oil and gas drilling and cutting.

End-Use Industry: Metalworking dominated with over 40% share in 2022 due to metal abrasives' role in creating compressive stress layers on metal surfaces. The "others" segment is expected to grow the fastest, with a 5.6% CAGR, driven by their role in enhancing adhesion for new coatings.

Regional Insights

Asia-Pacific leads with the largest revenue share in 2022 (about 40%), supported by substantial demand in construction, automotive, and manufacturing. The region is also anticipated to experience the fastest growth (CAGR 5.1%) due to its expanding infrastructure projects.

Leading Market Players

Key industry players include:

- SAINT GOBAIN
- 3M COMPANY
- FINISHING SYSTEMS, INC.
- METALTEC STEEL ABRASIVE CO.
- W ABRASIVES
- NORITAKE CO., LTD.
- KLINGSPOR ABRASIVES, INC.
- CAMEL GRINDING WHEELS WORKS SARID LTD
- AIR BLAST-ABRASIVES B.V.
- ERVIN INDUSTRIES

These companies are actively engaging in strategic initiatives, such as product innovations, partnerships, and geographic expansions, to strengthen their positions in the global market.

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/metal-abrasives-market-A16223

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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