The Abrasive Market value for was USD 6.41 Billion in 2022 and is expected to reach USD 11.69 Billion in 2032 growing at a CAGR of 6.9% during the forecast period. A class of materials called Abrasive s is employed in cutting, grinding, drilling, and polishing operations. These substances, formed of cubic boron nitride or Diamond, are renowned for their extreme hardness, thermal stability, and wear resistance.
The increasing demand for Abrasive tools across a range of end-use industries, including automotive, aerospace, construction, and electronics, is one of the main drivers of market expansion. The expansion of the Abrasive market is being driven by the rising demand for high-precision and high-performance tools in these industries. The industry is also growing as a result of the use of cutting-edge manufacturing technologies like computer-aided design (CAD) and computer-aided manufacturing (CAM).
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Major Companies:
- 3M Company
- Saint-Gobain S.A.
- Diamond Innovations
- Noritake Co. Ltd.
- Asahi Diamond Industrial Co. Ltd.
- Coherent Inc.
- Keihin Kogyosho Co. Ltd.
- Master Abrasives Ltd.
- Grinding Techniques (Pty) Ltd.
- Advanced Abrasives Corporation
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Abrasives Market Segmentation:
Type Outlook:
- Diamond
- Cubic Boron Nitride
- Others
End-Use Outlook:
- Automotive
- Aerospace
- Medical
- Electronics
- Others
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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