openPR Logo
Press release

Industrialization and Urbanization Propel Global Abrasive Market Growth Across Automotive and Construction Sectors

12-09-2024 04:38 PM CET | Chemicals & Materials

Press release from: Future Market Insights

Abrasive Market

Abrasive Market

The global abrasive industry demand is experiencing noteworthy growth, with a projected increase in valuation from USD 53,622.9 million in 2024 to USD 81,694.6 million by 2034. The market is expected to grow at a CAGR of 4.3% through 2034, driven by increasing demand from industries such as automotive, construction, and metalworking.

The construction industry, in particular, is driving the demand for abrasives due to the surge in infrastructure development and urbanization. With the growing population and urbanization, the use of abrasives in securing blocks and metalwork has become crucial.

The automotive sector is also a significant contributor to the growth of the abrasive market globally. The demand for luxury vehicles and bikes has increased, leading to a surge in the demand for abrasives. The introduction of new and innovative products in the sector has attracted attention to efficiency and profitability parameters. The market is also witnessing technological advancements that are creating advanced abrasives, offering improved performance and durability, making them a popular choice among end-users.

To Gain More Insights about this Research, Visit! https://www.futuremarketinsights.com/reports/abrasives-market

The market, however, faces uncertainty due to rising raw material costs and increasing competition. Government norms on the use of silica abrasives have also contributed to the attrition of industrial growth in this market.

"The increasing demand for electronic devices and the growing focus on infrastructure development are foreseen to drive soaring expansion of the abrasive market," - opines an analyst at FMI.

Key Takeaways from the Market Study

- With a share of 48.5% in 2024, bonded abrasives achieved continuous success in the abrasive market.
- Electrical and electronics equipment has experienced significant growth, with a share of 33.4% in 2024.
- The abrasive market in India is poised to experience exponential growth, with a 6.4% CAGR through 2034.
- The abrasive market in China is anticipated to develop at a CAGR of 4.8% through 2034.
- The abrasive market in Spain is projected to surge at a CAGR of 3.2% through 2034.
- The abrasive market in France is predicted to rise at a 3% CAGR through 2034.
- The abrasive market in the United States is estimated to progress at a 2.4% CAGR through 2034.

Competitive Landscape

E.I.du Pont de Nemours and Company, Robert Bosch GmbH, Cabot Microelectronics Corporation, Saint Gobain S.A., Tyrolit Schleifmittelewerke Swaroski K.G., Fugimi Incorporated, and Jason Incorporated are leading brands in the abrasive market. Major brands are launching advanced products to meet the demands of different industries. Mergers are positioning many countries to work together and expand their distribution channels over borders.

Recent Developments:

In August 2023, 3M launched its first abrasive robotics lab in Bengaluru, India, which is the 17th of its kind globally.
Norton | Saint-Gobain Abrasives introduced a new three-pointed curved grain approach in March 2024, which revolutionized abrasive grinding productivity.
Krebs & Riedel and GYSL collaborated to introduce PROTEUS ABRASIVES in February 2024, aiming to merge German precision with efficient Asian production, setting new industry standards.

Key Segments of Market Report

By Raw Material:

Based on raw material, the sector is bifurcated into natural and synthetic.

By Type:

Coated, bonded, and super abrasives are different types present in the industry.

By End User:

Key end users present in this industry are aerospace, automotive, machinery, metal fabrication, electrical and electronics equipment, and others.

By Region:

A regional analysis has been carried out in key countries such as North America, Latin America, Asia Pacific, Middle East and Africa (MEA), and Europe.

Related Reports:

Industrial and Institutional Cleaning Chemical Market: https://www.futuremarketinsights.com/reports/industrial-institutional-cleaning-chemicals-market
Bonded Abrasives Market Overview: https://www.futuremarketinsights.com/reports/bonded-abrasives-market
Lining Market: https://www.fmiblog.com/2024/12/06/lining-market-amid-rising-requirement-for-sustainable-lining-solutions-future-market-insights-inc/

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Industrialization and Urbanization Propel Global Abrasive Market Growth Across Automotive and Construction Sectors here

News-ID: 3779275 • Views:

More Releases from Future Market Insights

Hybrid Meat Products Market Projected to Grow at 9.5% CAGR to USD 1,314.9 Million by 2035
Hybrid Meat Products Market Projected to Grow at 9.5% CAGR to USD 1,314.9 Millio …
The global Hybrid Meat Products Market is poised for remarkable growth over the next decade, with the market projected to expand from USD 530.6 million in 2025 to approximately USD 1,314.9 million by 2035, reflecting a robust CAGR of 9.5%. This surge underscores the growing appetite for protein solutions that blend traditional meat with plant-based ingredients, combining taste familiarity with sustainability and nutritional benefits. Hybrid meat products are gaining traction across
Fermented Coffee Market Set to Reach USD 766.8 Million by 2035: A Flavorful Blend of Tradition, Innovation, and Wellness
Fermented Coffee Market Set to Reach USD 766.8 Million by 2035: A Flavorful Blen …
The global fermented coffee market is brewing a new era of growth, with projections indicating a rise from USD 330.6 million in 2025 to USD 766.8 million by 2035-a remarkable CAGR of 8.8%. This forecast underscores a transformative decade for the category, driven by health-conscious consumer demand, innovative fermentation techniques, and the expansion of both established and emerging players in the global coffee landscape. Acquire the Complete Market Report - Available
Enzyme Protectants Market Forecast to Reach USD 1.51 Billion by 2035, Driven by Biologics, Sustainability, and Technological Innovation
Enzyme Protectants Market Forecast to Reach USD 1.51 Billion by 2035, Driven by …
The global enzyme protectants market is poised for remarkable growth over the next decade, with valuations expected to rise from USD 820.5 million in 2025 to approximately USD 1,511.5 million by 2035. Representing a compound annual growth rate (CAGR) of 6.3%, this surge reflects an increasing demand for solutions that maintain enzyme stability and performance across pharmaceuticals, food processing, industrial biotechnology, and research applications. Request the Full Report or Custom Research
Global Aqua Probiotic Market to reach USD 1,180.0 Million by 2035, Driven by Sustainable Aquaculture and Innovative Technologies
Global Aqua Probiotic Market to reach USD 1,180.0 Million by 2035, Driven by Sus …
The global Aqua Probiotic Market is poised for remarkable expansion over the next decade, projected to grow from USD 480.5 million in 2025 to approximately USD 1,180.0 million by 2035, registering a CAGR of 9.4%. This growth reflects the sector's evolution from niche adoption to mainstream integration, highlighting the increasing importance of probiotics in sustainable aquaculture practices worldwide. For Tailored Insights and Customization, Connect With Us Here: https://www.futuremarketinsights.com/reports/sample/rep-gb-26136 Rising demand for antibiotic-free

All 5 Releases


More Releases for Abrasive

Abrasive Blast Equipment Market Set for Dynamic Rise with Key Players like Graco …
The Abrasive Blast Equipment Market 2025 Forecast to 2032 research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Abrasive Blast Equipment industry, as well as predicted future growth, technological advancements, investment prospects,
Global Abrasive Industry Analysis By Geography
Stratistics MRC's Abrasive Market report explains company profiling, key segments, market trends, top players and regional, country-level segments. Materials called abrasives are employed to remove wood, concrete, ceramic, stone, or minerals. These materials offer a refined, completed appearance. The method is frequently used to polish materials to obtain a smooth, shiny surface. These items are used to give fabrics with matte, satin, or beaded finishes a rougher surface. The market's expansion
Abrasive Blasting Market: Getting Back To Growth | Abrasives, AB Shot Tecnics, C …
AMA Research added a comprehensive research document of 200+ pages on 'Abrasive Blasting' market with detailed insights on growth factors and strategies. The study segments key regions that includes North America, Europe, Asia-Pacific with country level break-up and provide volume* and value related cross segmented information by each country. Some of the important players from a wide list of coverage used under bottom-up approach are Abrasives Inc. (United States) AB
Global Abrasive Sanding Discs Market Trends, Growth, Size, Segmentation, Share, …
The market for Abrasive Sanding Discs is growing with the expansion of this Industry Sector Worldwide. Market Research Hub (MRH) has added a new report titled “Global Abrasive Sanding Discs Market Insights, Forecast to 2025” which offer details about the current trends and analysis, as well as scope for the near future. This research study also covers information about the production, consumption and market share based on different active regions.
Global Abrasive Belt Market Status, Market Drivers, Opportunities and Future For …
Market Research Hub (MRH) has recently broadcasted a new study to its broad research portfolio, which is titled as “Global Abrasive Belt Market Insights, Forecast to 2025” provides an in-depth analysis of the Abrasive Belt with the forecast of market size and growth. The analysis includes addressable market, market by volume, market share by business type and by segment (external and in-house).The research study examines the Abrasive Belt on the
Global Abrasive Blast Systems (ABS) Market 2017 by Manufacturers - Rosler, Titan …
The report Global Abrasive Blast Systems (ABS) Industry is an insightful reference for new entrants and established players in the Global Abrasive Blast Systems (ABS) market. The data in the report presents a review of the most updated market trends. Furthermore, the report addresses the latest key industry events and their impact on the Global Abrasive Blast Systems (ABS) market. Download Free Sample Report @ http://www.fiormarkets.com/report-detail/34390/request-sample Covering Manufacturers Titan Abrasive Systems Abrasive Blast Systems,