Market Size of Super Abrasives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 9.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Super Abrasives Market Analysis
The super abrasives market is projected to register a CAGR of more than 9% during the forecast period.
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.
- Increasing usage of super abrasives in the Electronics industry is likely to fuel the market growth during the forecast period.
- On the other hand, high initial investment due to the high cost of abrasives is expected to hinder market growth.
- Emerging technologies easing production and using super abrasives will likely create opportunities for the market in the coming years.
- 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.
