The global metal abrasives market is experiencing growth due to several factors such as rise in demand for metal abrasives in the construction industry.
WILMINGTON, DELAWARE, UNITED STATES, April 4, 2024 /EINPresswire.com/ — Allied Market Research recently released a comprehensive report titled “Metal Abrasives Market By Material, Type, End-Use Industry, and Region: Global Opportunity Analysis and Industry Forecast, 2022-2032.” According to the report, the global metal abrasives market was valued at $6.2 billion in 2022 and is projected to reach $9.6 billion by 2032, with a compound annual growth rate (CAGR) of 4.6% from 2023 to 2032.
Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/16592
Key Drivers of Growth:
– Growing demand for metal abrasives for energy-efficient and lightweight materials across various industries.
– Utilization of metal abrasives in abrasive blasting, grinding, polishing, and other processes.
– Increasing adoption of metal abrasives in 3D printing and advanced manufacturing technologies.
Report Highlights:
– Forecast Period: 2023–2032
– Base Year: 2022
– Market Size in 2022: $6.2 billion
– Market Size in 2032: $9.6 billion
– CAGR: 4.6%
– Number of Pages in Report: 350
– Segments Covered: Material Type, Type, End-Use Industry, and Region
Key Challenges:
– Health hazards associated with metal abrasives.
– Environmental impact of metal abrasives.
– Volatility in raw material prices.
Segment Insights:
– Steel segment dominated the market in 2022 and is expected to maintain its leadership throughout the forecast period, while the others segment is projected to grow at the highest CAGR due to applications like glass bead blasting and garnet abrasives.
– Bonded abrasives segment held the highest market share in 2022 but the super abrasives segment is expected to witness the highest CAGR from 2023 to 2032.
– Metalworking segment accounted for the highest market share in 2022, while the others segment is projected to grow at the highest CAGR during the forecast period.
– Asia-Pacific held the highest market share in 2022 and is expected to maintain dominance, with the fastest CAGR anticipated in the region from 2023 to 2032.
Leading Market Players:
– Saint-Gobain
– 3M Company
– Finishing Systems, Inc.
– Metaltec Steel Abrasive Co.
– W Abrasives
– Noritake Co., Ltd.
– Klingspor Abrasives, Inc.
– Camel Grinding Wheels Works Sarid Ltd.
– Air Blast-Abrasives B.V.
– Ervin Industries
These players have adopted various strategies such as new product launches, collaborations, and expansions to maintain their market dominance.
Want to Access the Statistical Data and Graphs, Key Players’ Strategies:
https://www.alliedmarketresearch.com/metal-abrasives-market/purchase-options
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
Allied Market Research
+1 5038946022
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
