Market Size of Abrasives Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 47.34 Billion |
| Market Size (2029) | USD 66.83 Billion |
| CAGR (2024 - 2029) | > 5.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Abrasives Market Analysis
The Abrasives Market size is estimated at USD 47.34 billion in 2024, and is expected to reach USD 66.83 billion by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).
- COVID-19 negatively impacted the market in 2020. However, the market is estimated to have reached pre-pandemic levels and is expected to grow steadily.
- The expanding usage of abrasives in the construction and automotive sectors will likely fuel the demand for abrasives during the forecast period.
- On the other hand, the stringent regulations on silica abrasives are likely to hinder the market. Significant investment in research and development activities will likely offer market growth opportunities.
- The Asia-Pacific region is expected to dominate the market during the forecast period owing to its growing development in major countries such as India, China, and Japan.
