The global abrasives market size surpassed USD 15,565 million in 2024 and is predicted to reach around USD 28,944 million by 2034, registering a CAGR of 6.4% from 2024 to 2034.
Abrasives are materials that are used to grind away wood, concrete, ceramic, stone, or mineral and provide an elegant, sleek, and finished look. This process is used for material to obtain smooth and reflective surfaces and used in roughening materials in matte, satin, or beaded finishes. The increase in electrical, automotive, medical, and metal fabrication sectors and the changing shift towards aesthetics and standardizing the quality of surface finishes are expanding the market for abrasives. Many manufacturers are also increasing the production of coated, bonded, and steel abrasives that can be used across several sectors and propel market growth.
The rising industries such as construction, automotive, and metalworking use abrading substances for construction and securing blocks entertaining demand for abrasives. Moreover, the rising population and urbanization demand vast and lavish space, metalwork, and cementing that contribute to the growth of the abrasives market. Also, innovation in the products and technological advancements which offer improved performance and durability make it a better choice for use among users. Many governments and major key players are investing more in international trade creating market opportunities for the abrasive.
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| Stats ID: | 7356 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Stats ID: | 7356 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
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