The global abrasives market is anticipated to grow at a CAGR of 3.8% during the forecast period (2024-2031). The abrasives market has witnessed impressive growth over the past few decades. The rising mergers and acquisitions among key market players to expand their product offerings and manufacturing units is the factor driving the growth of the global abrasives market. Some of the recent mergers & acquisitions in the abrasives market include the acquisition of 10,000 equity shares of Orient Advanced Materials by Orient Abrasives among others. In June 2021, Orient Abrasives Ltd. has approved the acquisition of 10,000 equity shares of Rs10 each of Orient Advanced Materials Private Ltd. (formerly known as KMM Consultancy Pvt. Ltd.) to expand its business by developing a separate product line for abrasives.
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In the same month, Irvine, CA-based Continental Abrasives has acquired the Edmar Abrasive Company. The deal gains Continental a supplier of premium diamond products and reinforced abrasive blades for the construction, stone and metal fabrication industries. Edmar has been an abrasives industry pioneer over the years. This acquisition will promote Continental to grow into the construction and specialty diamond markets by taking benefits of using Edmar technology. Such type of mergers & acquisition for the expansion of product line or to expand geographical reach is a key factor driving the growth of the global abrasives market.
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Market Coverage
- Segment Covered-
o By Raw Material
o By Product Type
o By End-User Industry
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- 3M Company, Abrasiflex Pty Ltd., Asahi Diamond Industrial Co., Ltd., Carborundum Universal Ltd., Deerfos Co., Ltd, Flexovit
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Abrasives Market Report Segment
By Raw Material
- Natural
- Synthetic
By Product Type
- Coated
- Bonded
- Super
By End-User Industry
- Automotive
- Machinery
- Aerospace
- Metal Fabrication
- Electrical & Electronics Equipment
- Other
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