Abrasives Market Segmentation:
Application Segment Analysis
The global abrasives market is segmented and evaluated for demand and supply based on application, which includes automotive, metal working, machinery, electrical & electronics, and construction. Out of these, the automotive segment is anticipated to hold the largest market size by the end of 2035 on the back of the rising automotive industry and the increasing use of abrasives for various machinery cleaning. The total number of highway-registered vehicles in the world increased from 273,602,100 in 2018 to 275,924,442 in 2020. Abrasives are being highly used in automotive applications mainly in grinding wheels, and grinding segments to smoothen and roughen the surface of vehicle components for polishing, fitting, and paints and coatings among others. In addition, the increased application of abrasives for cleaning, deburring, and repairing auto parts is also estimated to lead to segment growth in the analysis period.
Type Segment Analysis
The global abrasives market is also segmented and analyzed for demand and supply by type into bonded, coated, super, and others. Out of these, the bonded segment is attributed to holding a significant share of the market. Bonded abrasives are composed of a material kept in a matrix called a binder which makes it preferable for sanding and polishing metal products. Furthermore, there is a high demand for bonded abrasives from the automotive and electric & electronics industries is anticipated to impetus the sales of abrasives in the assessment period. Also, bonded abrasives are considered to be an ideal option for grinding wheels, snagging wheels, mounted wheels, and others which are used for precision and harsh grinding applications owing to their efficiency and enhance operational capability.
Our in-depth analysis of the global market includes the following segments:
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By Type |
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By Source |
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By Material |
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By Application |
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