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Oct 23, 2023

Role of Bonded Abrasives Market in Manufacturing and Industrial Applications to Grow at a CAGR of 5.0% by 2032

The global bonded abrasives market is anticipated to augment at an impressive

The global bonded abrasives market is anticipated to augment at an impressive CAGR of 5% throughout the forecast period from 2022 to 2032. The global market is expected to surge due to the increasing usage of bonded abrasive materials which is rapidly growing in the building industry comprising residential, commercial, and infrastructure projects.

An abrasive is a type of material that when rubbed against a surface, tends to produce the desired surface's finish and shape. Abrasives are usually such types of minerals that are often available in a huge range of shapes, sizes, and types. The abrasives material or the abrasives products are known to find various applications in various industries such as electrical & electronics, machinery, metal fabrication, and transportation among others.

The bonded abrasives are usually utilized to clean, grind, scour, abrade, or remove the solid material usually by using impact or by rubbing action. Abrasives are mainly classified as bonded abrasives, steel abrasives, coated abrasives, rubber bonded abrasive wheels, loose abrasives grain, resin grinding wheel, and raw super abrasives, among other classifications.

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Key Takeaways

Key Players

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Competitive Landscape

The dominant players in the global bonded abrasives market are focusing on diversifying their end-use abilities by concentrating on research and development activities. In addition to that, key market players are meticulously working towards mergers and acquisitions to cater to the diverse customer base.

Furthermore, technological advancements are making it possible for dominant companies in the global landscape to diversify the application of bonded abrasives which can lead to higher sales over the forecast period.

Key Segments

By Type

By End User

By Application

By Region

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More Insights into the Bonded Abrasives Market

The Asia Pacific region comprises the largest construction market, followed by India, China, and several Southeast Asian countries. Housing for All by 2022, a program announced by the Indian government, is likely to have a substantial influence on the residential building bonded abrasives market in India throughout the forecast period.

North American region is anticipated to be the largest shareholder in the bonded abrasives market. The growing demand especially in the U.S. is expected to boost the growth of the global bonded abrasives market.

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