The Global Abrasives Market size valued to USD 41.54 billion in 2019, shall witness a growth of USD
84.84 billion by 2030, with a CAGR of 6.6% from 2020-2030. Abrasives, widely used for grinding,
polishing, buffing, honing, cutting, drilling, sharpening, lapping, and sanding; are mostly mineral
derived materials, either obtained naturally or synthetically. It works on the principle of difference in
hardness between the two substances, where abrasive is harder of the two. The global abrasive
market witnessed a notable volumetric sale of 43,738.4 kilotons in 2019, which is expected to rise up-
to 84,643.5 kilotons by 2030, with a CAGR of 6.1% from 2020-2030.
Market Segmentations and Scope of the Study:
The abrasives market share analysis is based on type, material, product type, end user industry, and
geography. Based on type, the market is segmented into bonded, coated, and super abrasives. Based
on material, the abrasives market covers natural and synthetic. Based on product type, the market is
classified into disc, cups, and cylinder. Based on end user industry, the market is divided into
automotive, machinery, aerospace, metal fabrication, electronics, construction, and others.
Geographic breakdown and analysis of each of the previously mentioned segments include regions
comprising North America, Europe, Asia-Pacific, and RoW.
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Asia Pacific shall hold the highest market share, dominating the global abrasives market throughout
the forecast period. This is attributable to factors such as increasing investments by manufacturers in
this region, high demand in construction sector, government initiatives to increase the flow of FDI in
the manufacturing sector, rapid growth in various industries such as automotive, machinery, and
metal fabrication. North America would witness increasing market size owing to factors such as
increasing demand from the furniture and interior-designing industry, hig