The Abrasives Global Market Report 2023, provides comprehensive information on the abrasives market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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According to The Business Research Company's recently published Abrasives Global Market Report for the year 2023, the global abrasives market is poised for substantial growth. In particular, it is projected to expand from its 2022 valuation of $39.9 billion to an impressive $43.85 billion in 2023, marking a robust compound annual growth rate (CAGR) of 9.9%. This steady increase is underpinned by a complex interplay of global factors, including the Russia-Ukraine war and the lingering repercussions of the COVID-19 pandemic.

The conflict between Russia and Ukraine has notably disrupted the world's path to economic recovery, at least in the short term. Economic sanctions imposed on several nations, an upsurge in commodity prices, and the resulting supply chain disruptions have led to a notable inflationary pressure on various goods and services, sending ripple effects throughout the global markets. These far-reaching consequences have not left the abrasives market untouched, as it is expected to continue its upward trajectory, reaching a market size of $65.07 billion by 2027 with a CAGR of 10.4%.

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One prominent trend emerging within the abrasives sector is the strategic collaborations that various companies are increasingly entering into. These partnerships and alliances are driven by a shared objective: to innovate and develop cutting-edge technologies and products that can revolutionize the industry. An exemplary case of this trend can be found in Bosch, a renowned German multinational engineering and technology company. In October 2020, Bosch embarked on a partnership with BehrBircher BBC AG, a Swiss-based precision parts manufacturer. This strategic move saw Bosch acquire a substantial 40% stake in Sia abrasives holding AG for a noteworthy sum of $110 million. The purpose behind this collaboration was to fortify Bosch's power tools division's foothold in surface technology and enhance its existing abrasive product portfolio.

Similarly, the abrasives industry in the United States witnessed a momentous partnership in March 2020 when Marco Group International, a prominent manufacturer of abrasives, coating equipment, and engineered systems, joined forces with APE Companies, a producer of abrasives and safety products for industrial contractors. This strategic alliance paved the way for the creation of a preeminent North American distributor specializing in surface preparation, abrasives, and safety products. With a retail presence spanning 24 locations across the United States and Canada, this merger has positioned both entities to better serve their clientele with an expanded geographical reach and a more diverse array of high-quality products.

The abrasives market is segmented:
1) By Raw Material: Natural, Synthetic
2) By Type: Bonded Abrasives, Coated Abrasives, Super Precision Abrasives, Super Construction Abrasives
3) By Form: Block Form, Powdered Form
4) By Application: Grinding, Cutting, Polishing, Drilling, Finishing, Other Applications
5) By End User: Automotive, Machinery, Aerospace, Electrical & Electronics, Construction, Furniture

Asia-Pacific was the largest region in the abrasives market in 2022.

The table of contents in TBRC’s abrasives market report includes:
1. Executive Summary
2. Abrasives Market Market Characteristics
3. Abrasives Market Market Trends And Strategies
4. Abrasives Market – Macro Economic Scenario
5. Abrasives Market Market Size And Growth

......

26. Africa Abrasives Market Market
27. Abrasives Market Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Abrasives Market Market
29. Abrasives Market Market Future Outlook and Potential Analysis
30. Appendix

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