Abrasives Market : Capturing Emerging Trends and Business Opportunities to 2035
The global abrasives market is anticipated to grow with a CAGR of ~6% over the forecast period, i.e., 2023-2033. The market is segmented by application into automotive, metal working, machinery, electrical & electronics, and construction. Among these segments, the automotive segment is anticipated to garner the largest revenue by the end of 2033 owing to the increasing automobile industry on account of more use of abrasives in the cleaning of machinery. The number of highway registered vehicles showed a raise of 275,924,442 in 2020, up from 273,602,100 in 2018.
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