Press release
Abrasives Market Overview, Competitive Analysis, Key Trends And Outlook 2024 To 2033
Abrasives Market Overview
What Is The Projected Market Size Of The Global Abrasives Market And Its Growth Rate?
A promising stable outlook is projected for the global abrasives market in the near future. Some key statistical data include:
* Growth from $46.55 billion in 2024 to $50.72 billion in 2025 at a CAGR of 9.0%
* Expected to reach $70.15 billion in 2029 with CAGR of 8.4%
* This growth is attributed to factors such as the rise in industrialization and disposable income, increasing demand for abrasives in heavy-duty applications and the aerospace and electronic industries, and growing focus on safety and ergonomics in equipment design.
What Is Driving The Growth In The Abrasives Market?
The surge in the electric vehicle (EV) industry is anticipated to fuel growth in the abrasives market. EVs, which use electricity as their power source, are in high demand, and the need for EV charging stations made from stainless steel and other materials that require abrasive treatments has also seen steady growth. For instance, it's reported that nearly 14 million electric cars were sold globally in 2023, a 35% rise from 2022, stimulating demand for abrasives in finishing the stainless steel used for EV charging stations and other applications.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8387&type=smp
Who Are the Key Players Driving Abrasives Market Growth?
Major players influencing the global abrasives market include:
* Robert Bosch GmbH
* Minnesota Mining and Manufacturing Company
* Saint-Gobain Abrasives Inc.
* Fujimi Incorporated
* Henkel AG & CO. KGAA
* Tyrolit India Tool Pvt. Ltd.
* Asahi Diamond Industrial Co. Ltd.
* Deerfos Co. Ltd.
What Are The Key Trends In The Abrasives Market?
Key trends in the forecast period include:
* Advancements in abrasive technology
* Focus on sustainability
* Customization and specialization in product manufacturing
* Digitalization of the abrasives market
* Application in 3D printing technologies
What Are The Segments Of The Global Abrasives Market?
The Global Abrasives Market is divided into several sectors:
* By Raw Material: Natural, Synthetic
* By Type: Bonded Abrasives, Coated Abrasives, Super Precision Abrasives, Super Construction Abrasives
* By Form: Block Form, Powdered Form
* By Application: Grinding, Cutting, Polishing, Drilling, Finishing, Other Applications
* By End User: Automotive, Machinery, Aerospace, Electrical & Electronics, Construction, Furniture
Which Region Leads The Abrasives Market?
In 2024, Asia-Pacific was the largest regional player in the abrasives market, and it's expected to continue as the fastest-growing region in the coming years. This market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/abrasives-global-market-report
What Is Covered In The Abrasives Market Global Market Report?
- Market Size Analysis: Analyze Abrasives Market size by key regions, product types, and applications.
- Market Segmentation Analysis: Identify subsegments within the Market.
- Key Player Focus: Focus on key players defining their market value, share, and landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects.
- Market Contribution: Evaluate contributions of different segments to overall market growth.
- Growth Drivers: Detail factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Market.
- Competitive Developments: Analyze competitive developments like expansions and new product launches.
Request Customization for This Report
https://www.thebusinessresearchcompany.com/Customise?id=8387&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Learn More About The Business Research Company
The Business Research Company, with a comprehensive database of 1,500,000 datasets across 60 geographies and 27 industries, prides itself with 15,000+ reports providing in-depth research and insights. Our flagship product, the Global Market Model, supports informed decision-making with comprehensive and updated forecasts.
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 Abrasives Market Overview, Competitive Analysis, Key Trends And Outlook 2024 To 2033 here
News-ID: 3810177 • Views: …
More Releases from The Business Research Company
Leading Companies Fueling Growth and Innovation in the Sun Care Products Market
The sun care products market is on track for substantial expansion as consumer awareness about skin protection intensifies worldwide. With evolving preferences and technological advancements shaping product offerings, this sector is set to witness robust growth in the coming years. Let's explore the market's size projections, key players, emerging trends, and major segments driving its development through 2030.
Projected Size and Growth Trajectory of the Sun Care Products Market
The…
Future Perspectives: Key Trends Shaping the Styrene Butadiene Rubber (SBR) Based …
The styrene butadiene rubber (SBR) based adhesive market is on track for notable growth as we approach 2030. Driven by a variety of factors including expanding infrastructure projects and rising demand across multiple industries, this sector is poised for steady expansion. Let's explore the market's size projections, key players, emerging trends, and the main segments shaping its future.
Projected Growth and Market Size of Styrene Butadiene Rubber Based Adhesives
The…
Emerging Sub-Segments Transforming the Stearic Acid Market Landscape
The stearic acid market is poised for significant expansion in the coming years, driven by evolving demand across various industries. This report explores the projected market size, leading companies, key trends, and segment analysis shaping the future of this vital chemical.
Stearic Acid Market Size and Growth Outlook
The stearic acid market is set to grow robustly, reaching a valuation of $54.63 billion by 2030. This represents a compound annual…
Market Trend Insights: The Impact of Recent Innovations on the Specialty Pestici …
The specialty pesticides sector is on the verge of significant expansion as global agricultural practices continue to evolve. Driven by increasing demand for crop protection and sustainable farming techniques, this market is set to experience robust growth in the coming years. Let's explore the market's anticipated value, leading companies, emerging trends, and detailed segmentation to gain a comprehensive understanding of this dynamic industry.
Projected Market Size and Growth Expectations for Specialty…
More Releases for Abrasives
Synthetic Abrasives: Sharpening the Future of the Abrasives Market
The abrasives market is a cornerstone of numerous industries, from manufacturing and construction to automotive and aerospace. Driven by the need for precision, efficiency, and high-performance materials, the synthetic abrasives segment is experiencing significant growth and presents a wealth of opportunities.
Market Dynamics and Growth Drivers
As industries strive for higher levels of precision and efficiency, the demand for engineered abrasives is on the rise. Synthetic abrasives, created through controlled chemical processes,…
Optical Abrasives Market 2024 : Rising Trends & Impressive Growth over Forecaste …
Optical Abrasives Market Overview -
The "Optical Abrasives Market 2024 Report," the most recent study from QY Research, is a fundamental component of many international businesses, including manufacturing, construction, healthcare, and agriculture. This vast market includes a diverse range of items, such as metals, ceramics, composites, polymers, and specialized chemicals. The Optical Abrasives market is a major force behind innovation and sustainability activities, as well as facilitating technology breakthroughs and influencing…
Abrasives Market Capturing Opportunities: Exploring the Expanding Abrasives Mark …
Abrasives Market to Reach USD 66.71 Billion and Exhibiting a 7.13% CAGR by 2028: The Brainy Insights The global abrasives market is expected to grow from USD 38.87 billion in 2020 to USD 66.71 billion by 2028, at a CAGR of 7.13% during the forecast period 2021-2028. The Asia Pacific region accounted for the major market of 53.56% in the year 2020. The presence of many local and global key…
Coated Abrasives Market Size, Share | Global Industry Report 2022 - Saint-Gobain …
Saint-Gobain (France), 3M (US), Sia Abrasives AG (Switzerland), Napoleon Abrasives SPA (Italy), Sungold Abrasives (US), Schaffner Manufacturing Company Inc (US), United Abrasives Inc (US), Noritake Co. Limited (Japan), and Fandeli International Corporation (US) are some of the prominent players at the forefront of competition in the Global Coated Abrasives Market and are profiled in MRFR Analysis.
Coated Abrasives Market – Market Overview
Coated Abrasives are made from loose abrasive grains bonded to…
Coated Abrasives Market Size, Industry Outline and Leading Manufacturers - Saint …
Coated Abrasives Market- Competitive Landscape
The Global Coated Abrasives Market is demonstrating a prominent growth due to the increasing demand of Coated Abrasives in the metal working industry for metal finishing, grinding, and polishing applications. Saint-Gobain (France), 3M (US), Sia Abrasives AG (Switzerland), Napoleon Abrasives SPA (Italy), Sungold Abrasives (US), Noritake Co. Limited (Japan), among others are some of the leading players in this market. Most of these participants adopt various…
Coated Abrasives Market Size 2022 Analysis by Saint-Gobain Abrasives, Inc, Carbo …
Industry Updates:
In June 2018, Walter Surface Technologies, a specialist in surface treatment technologies, has introduced SURFOX 305. It is a patented electrochemical MIG and TIG weld cleaning system that uses coated abrasives for faster, safer and more user-friendly functioning.
Market Drivers and Restraints:
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…
