Pennsylvania.

Market Segmentation

MRFR's Abrasives Market report includes a meticulous segmental analysis which has been performed on the basis of source, material, type, application, and region. By source, the market is divided between natural and synthetic.

By material, the market is segmented into silicon carbide, aluminum oxide, emery, corundum, boron carbide, and others. Aluminum oxide has been found to represent the largest share of the market due to its extensive use in abrasives.

By type, the market is categorized by bonded, coated, super, and others. The coated abrasives segment dominates the market with over a third of the market share and is expected to witness moderate growth at a CAGR of 4.90% during the forecast period.

By application, the market is segmented into automotive, metalworking, machinery, electrical & electronics, construction, and others. Theundergoing industrialization, and the region has become a manufacturing hub due to the ease of availability with regards to raw materials and the availability of reduced operating costs. This has allowed several manufacturing industries to thrive and increased the demand for abrasives. China accounts for the most significant country in the regional market and is set to grow at a CAGR of 5.64% over the review period.

Europe and North America follow the Asia Pacific and represent the second and third largest market respectively. Europe is expected to witness sustained growth from countries such as France, Germany, the UK, and Italy due to the presence of a strong manufacturing base for the automotive sector in the region. Meanwhile, North America has reached some degree of maturity which is expected