Abrasive Market Scope And Analysis

Report Code : TIPRE00002793
Category : Chemicals and Materials

Status : Published
No. of Pages : 255

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Abrasive Market Analysis, Trends, and Scope 2023 to 2030

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Abrasive Market Report Scope

Report Attribute	Details
Market size in 2022	US$ 34.81 Billion
Market Size by 2030	US$ 50.99 Billion
Global CAGR (2022 - 2030)	4.9%
Historical Data	2020-2021
Forecast period	2023-2030
Segments Covered	By Material Natural and Synthetic By Type Bonded Abrasives Coated Abrasives By Application Automotive Aerospace Marine Metal Fabrication Woodworking Electrical and Electronics By Sales Channel Direct and Indirect
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Deerfos Co Ltd CUMI AWUKO Abrasives GmbH Robert Bosch GmbH Tyrolit Schleifmittelwerke Swarovski AG Co KG Sun Abrasives Co Ltd Compagnie de Saint Gobain SA sia Abrasives Industries AG RHODIUS Abrasives GmbH 3M Co

Industry Developments and Future Opportunities:

Some of the initiatives taken by the key players operating in the abrasive market are listed below:

In January 2024, Tyrolit acquired a majority stake in Abrasive Tools Specialists, an importer, wholesaler, and converter of abrasive tools, in order to strengthen its presence in the Australian market, diversify its product offerings, and cater to diverse customer needs.
In December 2023, Mirka announced a plan to build an innovative circular grain manufacturing plant in Jeppo, Finland. The investment is expected to reduce Mirka’s CO2 footprint by ~5,000 metric ton. Moreover, the first circular abrasive products will be launched in 2026.

Competitive Landscape and Key Companies:

3M Co, Saint-Gobain, Sia Abrasives Industries AG, Deerfos, Tyrolit, INDASA, Mirka Ltd, Cumi Awuko Abrasives Gmbh, Bosch Limited, Hermes Schleifmittel Gmbh, VSM AG, and SAIT Abrasivi SpA are among the key players profiled in the abrasive market report. The global market players focus on providing high-quality products to fulfill customer demand.