Global Industrial Abrasives Demand to Reach $67 billion - Industry Experts, Inc.

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Industry Experts, Inc., released the latest version of its report on Industrial Abrasives Market. The study reveals that the demand for Industrial Abrasives is estimated at US$49.2 billion in 2024 and projected to reach US$67 billion by 2030 at a 2024-2030 CAGR of 5.3%.

Some of the factors instrumental in driving demand for Industrial Abrasives include rising demand from end-use industries, technological advancements, automation and robotics integration, focus on sustainability and customization & specialization.

Among the various applications where Industrial Abrasives are used, Grinding is the largest, with an estimated 2024 share of 38.9%, the major reasons for which are its versatility and high demand for precision in industrial production. Grinding finds extensive use in metalworking, automotive (engine components & gears), aerospace (turbine blades) and machinery manufacturing and involves material removal with abrasive wheels, belts or discs for achieving precise dimensions and surface quality. However, the fastest growing application for Industrial Abrasives is Polishing, forecast to maintain a compounded annual rate of 6.2% between 2024 and 2030. Diamond slurries, cerium oxide and nano-abrasives are widely used for chemical-mechanical polishing (CMP) to achieve ultra-smooth surfaces in fast-growing high-tech industries, such as semiconductors (wafer polishing), optics (lenses & mirrors) and medical devices (implants & surgical tools).

The report studies the Industrial Abrasives market across all major regions including North America (The United States, Canada and Mexico), Europe (France, Germany, Italy, Russia, Spain, The United Kingdom and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea and Rest of Asia-Pacific), South America (Argentina, Brazil and Rest of South America) and Middle East & Africa.

The market for raw materials for Industrial Abrasives analyzed in this report includes Natural and Synthetic. The study also examines the market for Industrial Abrasives by type, comprising Bonded Industrial Abrasives, Coated Industrial Abrasives and Super Industrial Abrasives. The applications where Industrial Abrasives are used as analyzed in this report include Cutting, Drilling, Finishing, Grinding and Polishing, among Other Applications (Incl.  Lapping and Sanding). By end-use sector, the analysis for Industrial Abrasives covered by this report includes Aerospace & Defense, Automotive & Transportation, Building & Construction, Cleaning & Maintenance, Electrical & Electronics, Heavy Machinery and Metal Fabrication, among Other End-Use Sectors (Incl. Consumer Goods, Medical Devices and Woodworking).

About Industry Experts, Inc
Industry Experts, Inc., ranks among the leading market research providers globally. The company's off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable various stakeholders, such as corporate strategists, analysts, researchers and startups, among others, in obtaining valuable, crisp and unbiased current and future market data. For more information, contact us on +1-320-497-3787 or visit https://industry-experts.com/

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