Consumption Of Abrasives Is Expected To Increase At A CAGR Of 5.5% To Reach A Market Valuation Of Us$ 97.7 Bn By The End Of 2031

The impact of the COVID-19 outbreak has compelled several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The Abrasives industry suffered a huge setback due to halted production and a limited supply of raw materials.

With the vaccination process picking up pace in countries like China, India, the U.S., the U.K., and Germany, manufacturers are gradually heading towards the road to recovery with an improved supply chain and streamlined production activities.

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Competitive Landscape
Market players are focusing on primary tactics such as technology launches, acquisitions, and R&D efforts. Abrasive manufacturers are working on establishing joint ventures, strategic alliances, and partnerships to increase production capacity and market penetration.

For instance,

In May 2021, Norton Quantum Prime Grinding Wheels with unique, proprietary nano-crystalline ceramic grain was launched by Saint-Gobain Abrasives, offering exceptional productivity benefits across a wide range of applications.

Key Segments Covered in Abrasives Industry Research
Abrasives Market by Product:

Bonded Abrasives
Coated Abrasives
Raw Super Abrasives
Steel Abrasives
Loose Abrasive Grains
Others (including Nonwoven Abrasives)
Abrasives Market by End User:

Machinery
Electrical & Electronic Equipment
Transportation
Metal Fabrication
Others (including Construction, Medical Devices, Power Generation, and Cleaning & Maintenance)
Abrasives Market by Region:

North America Abrasives Market
Europe Abrasives Market
Asia Pacific Abrasives Market
Latin America Abrasives Market
MEA Abrasives Market
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Infrastructure Expansion in the U.S. is Fueling Demand for Abrasives

The Abrasives chemical industry in the U.S. suffered a huge setback due to the coronavirus outbreak in 2022, halting operations in industries such as construction, automotive, and pharmaceutical.

However, with the gradual resumption of production activities and improvements in the supply chain globally, manufacturers operating in the Abrasives chemical industry are gearing up to retain the industry's post-pandemic status.

Rising demand for Abrasives dispersants from the construction and oil & gas industry is driving the Abrasives chemical industry in the U.S. Abrasives dispersants are widely used in the construction industry, and the anticipated growth is attributable to the wide expanse of real estate in the country.

Increasing housing infrastructure projects are propelling Abrasives dispersant sales, thus augmenting the growth of the Abrasives chemical industry. The presence of leading players in the country is also driving sales and export in the Abrasives chemical industry.

U.K is Capitalizing on Abrasives Binders for Sustainable Construction Activities

The U.K. has been at the forefront in terms of technological advancements and the adoption of sustainable technology in production globally, which is a key factor augmenting the growth of the Abrasives chemical industry.

In 2022, the country suffered huge setbacks due to the adverse effects caused by the COVID-19 pandemic. However, manufacturers operating in the Abrasives chemical industry are striving to achieve the pre-pandemic status by opting for various Abrasives and in Abrasives growth strategies.

In the U.K, the growth of the Abrasives industry can be attributed to the surging demand for Abrasives binders. The environment-friendly nature, low energy consumption, and cost-effectiveness offered by Abrasives binders are key factors leading the sales and demand.

Growing urbanization and rapid increments in infrastructure activities across the country are fueling the demand for Abrasives binders, thus creating lucrative opportunities for several players operating in the Abrasives chemical industry in the upcoming decade.

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The global hub for the Abrasives chemical industry, China, is picking up pace in its post-covid recovery, due to the timely eradication of the virus. With little to no restrictions, most production-related activities have resumed across the country, acting as anchors for various local and global manufacturers.

China is a lucrative ground for the Abrasives industry due to the presence of leading manufacturers and several industries such as textile, pharmaceutical, plastic, and paint. Due to the abundance of these industries, the demand for Abrasives pigments is also gaining immense traction in China.

Abrasives pigments are non-toxic, cost-effective, and offer good color strength, making them a favorable choice for usage in various end-use sectors. Increasing the use of Abrasives pigments in plastics, textiles, paints, and coatings will continue driving the growth in the Abrasives industry.

Additionally, the wide range of unique shades available in Abrasives pigments makes them a preferred choice for visual arts as well. The consumption of Abrasives pigments in high-tech applications such as photo-reprographics, optoelectronic displays, and optical data storage are fueling the demand for Abrasives pigments and creating lucrative opportunities for players operating in the Abrasives industry.

India Will Showcase High Demand for Speciality Abrasives

India is emerging as a lucrative market for the Abrasives chemical industries for players across the world. With gradual resumptions in the restrictions on movement, the country is slowly getting back on track to achieve post-pandemic status in the coming years.

The Abrasives industry in India is capitalizing on various sectors such as paints, pharmaceuticals, adhesives, pesticides, and dyes, making it one of the most important industries in the country.

Leading players operating in the Abrasives industry are focusing on enhancing their product portfolio by adding specialty chemicals such as polymer additives, water treatment chemicals, and lubricating additives, which will further drive growth and sales in the industry in the upcoming decade.

The newly discovered natural gas reserves in the country will also enable manufacturers to procure diverse Abrasives and will continue augmenting the growth of the Abrasives chemical industry.

Key Long-Term Trends

The global Abrasives industry is gradually recovering in 2021 and is expected to gain momentum in the upcoming years. With a noteworthy surge in activities in industries such as infrastructure, construction, pharmaceutical, and oil & gas, the Abrasives industry will show an upward trend in the coming years. Some new trends that are augmenting the market growth are:

Chemoinformatic
The Abrasives industry will largely benefit from chemoinformatic due to various factors such as the ease of evaluating specific properties of large compounds. The use of computational and informational techniques will help manufacturers gain insights into the new and existing chemicals and how to incorporate them into Abrasives chemical products.

For More Insights

http://www.globenewswire.com/en/newsrelease/2018/10/18/1623494/0/en/Hand-Dishwashing-Products-Gain-Upper-Hand-in-Market-despite-High-Demand-for-Dishwashers-says-Fact-MR.html

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