With the emergence and long-term Impact of COVID-19, the Global Metal Abrasives Market is to reach USD 8.7 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Metal Abrasives Market is poised to raise up to USD 8.7 Billion by 2030. Metal Abrasives is a versatile abrasive that may be used on a variety of metals. Metal surfaces are also shaped, polished, and cleaned using hard and sharp materials. They are widely utilized in a variety of industries such as automotive, aerospace, construction, and manufacturing as it helps to improve the quality and durability of metal items. The use of abrasives in gear manufacturing enhances wear resistance, reduces noise, and extends longevity. It is also used to produce a wide range of surface qualities, from matte to highly polished. Precision manufacturing and high-quality materials are widely used in aerospace to make aircraft components that fulfill stringent safety and performance criteria. The automotive industry’s moderate to high demand is expected to boost the market. Furthermore, ongoing investments in machinery and equipment production plants are expected to increase demand for metal abrasives during the projection period. An increase in demand for the aerospace industry drives the growth of the metal abrasives market during the forecast period. According to the AIA, A&D industry exports would increase by 11.2 percent in 2022 to a total value of $100.4 billion in 2021. Additionally, technological advancements in manufacturing metal abrasives, rapid industrialization, and increasing manufacturing activities are opening up new opportunities. However, the environmental impact of Metal Abrasives stifles market growth throughout the forecast period of 2023-2030.
Geographically, the global Metal Abrasives Market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). Asia Pacific dominated the market in 2022 owing to high-volume die-cast component manufacture, aided by car production, is expected to drive demand for metal abrasives in the region in the coming years. North America is expected to grow significantly during the forecast period, owing to increasing lack of money for the establishment of machinery and equipment manufacturing centres in the nation. For example, Siemens agreed in June 2022 to invest USD 54.0 million in the production of electrical infrastructure and EV charging devices its numerous production plants across the United States.
The global Metal Abrasives Market is highly competitive owing to the presence of several key manufacturers such as Ervin Industries, Camel Grinding Wheels Works Sarid Ltd, Saint Gobain, W Abrasives, Metaltec Steel Abrasive Co., Air Blast-Abrasives B.V., and others.
For further analysis on this or to request a sample copy of this report, please click the link mentioned below:
Key findings of the study suggest:
- Global Metal Abrasives Market is anticipated to grow with a healthy growth rate of more than 4.8% over the forecast period 2023-2030.
- In the End Use segment, automotive emerged as the leading market segment in 2022.
- Asia Pacific is anticipated to drive regional growth owing to ongoing investments in machinery and equipment production plants.
- North America is expected to grow at a significant CAGR during 2023-2030.
Bizwit Research & Consulting has considered the following segments for the study:
By Type:
- Coated Abrasives
- Bonded Abrasives
- Super Abrasives
By Material Type:
- Synthetic
- Natural
By End Use:
- Automotive
- Metalworking
- Building and Construction
- Machinery and Equipment
- Other
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
To get a sample of this report or to purchase a copy of the study, you can directly contact us at: sales@bizwitresearch.com
About Us
Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
Contact US
Global Business Development
Phone : +1 209 498-3066
Email: Sales@bizwitresearch.com
Website: www.bizwitresearch.com
