Precision Business Insights has published a report on the global abrasives market, estimating its value at USD 39.6 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 5.0% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/abrasives-market
Market Definition:
An abrasive is a substance, usually a mineral, that is used to finish or shape a workpiece by rubbing it, which causes friction to wear away a portion of the workpiece.
Drivers:
1) Increasing use in the aerospace and automotive industries.
2) Growing metal manufacturing and fabrication Industries.
The global abrasives market segmentation:
1) By Raw Material: Natural & Synthetic.
2) By Product Type: Bonded Abrasives, Coated Abrasives, Super Abrasives, Loose Abrasives.
3) By End-User Industry: Automotive, Machinery, Aerospace, Metal Fabrication, Electrical & Electronics Equipment, Construction, Others.
Regional Overview:
The report also examines the current concerns and their Future Effects on the abrasives market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the abrasives market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
· North America (U.S., Canada)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
· Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
· Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The key players profiled in the global abrasives market report are 3M, Krebs & Riedel, Asahi Diamond Industrial Co., Ltd., Robert Bosch GmbH Limited, Fujimi Incorporated, Deerfos, Carborundum Universal Limited (CUMI), Henkel AG & Co, KGaA, sia Abrasives Industries AG, Saint-Gobain, KWH Mirka, NORITAKE CO., LIMITED, NIPPON RESIBON CORPORATION, SAK ABRASIVES LIMITED, TYROLIT Group.
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