Abrasives Market Overview
MMR recently published Abrasives market report offers a holistic view of the Abrasives Market, encompassing both global players and local players operating in different countries. Through a comparative analysis of key players and market followers, this report provides an insightful industry outlook.
Market Estimation
Abrasives Market was valued at USD 39.48 Bn. in 2023 and it expected to reach USD 54.82 Bn. by 2030, at a CAGR of 4.8% throughout the forecast period.
Abrasives Market Report Scope and Research Methodology
The report provides an in-depth analysis of the Abrasives market, through segmentation. It analyses the market size, share, growth, and trends, along with the drivers and restraints affecting the market growth. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report.
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Abrasives Market Regional Insights
The report provides regional insights into the industrial gas market for North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The Asia-Pacific region is expected to dominate the market.
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
The market for abrasives is divided into several segments based on their applications, including metal fabrication, automotive, machinery, aerospace, electrical and electronics equipment, and others. With 35% of the market in 2023, the automotive segment held the greatest share. The automotive sector uses abrasives for a number of tasks, including as lacquer and coarse sanding. To enhance the surface finish of automotive components, super abrasives in the form of diamond discs are recommended for grinding and polishing. The market for abrasives in this sector is expanding due to the expanding usage of abrasives in the automotive industry. The total number of automobiles produced in 2022 was 25.23 million, a 2% decrease from 2023.
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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
Key questions answered in Abrasives Market are:
Who held the largest market share in the Abrasives Market?
What are the factors driving the Abrasives Market growth?
What are the factors restraining the Abrasives Market growth?
Which trends are expected to generate additional revenue for the Abrasives market growth?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Abrasives Market?
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by different segment | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
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
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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