According to the recent study the abrasive market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 4% to 6% from 2023 to 2028. Growth in this market is primarily driven by growth in the manufacturing sector and growing adoption of pre-engineered building & components.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in abrasive market by raw material (natural and synthetic), product type (coated abrasives, bonded abrasives, and super abrasives), end use industry (aerospace, automotive, machinery, metal fabrication, electrical & electronics equipment, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Coated abrasive market is expected to remain the largest segment during the forecast period.”

Based on product type, the abrasive market is segmented into coated abrasives, bonded abrasives, and super abrasives. Lucintel forecasts that the coated abrasive market is expected to remain the largest segment due to growing usage of coated abrasive in consumer goods, fabrication, hand & power tools, furniture, and surgical products.

“Within the abrasive market, the automotive segment is expected to remain the largest end use industry”

Based on end use industry the automotive segment is expected to witness the highest growth over the forecast period due to rise in per capita disposable incomes and increase in demand for passenger & commercial vehicles.

“Asia pacific will dominate the abrasive market in near future”

Asia Pacific is expected to remain the largest region over the forecast period due to rise in the manufacturing and consumption of industrial products in developing countries such as India and China.

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Major players of abrasive market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Robert-Bosch, 3M, Saint-Gobain, Fujimi, Henkel, Asahi Diamond Industrial are among the major abrasive providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/abrasive-market.aspx or [email protected]