U.S. Abrasives Market - Industry Trends and Forecast to 2031
The U.S. abrasives market is expected to reach USD 5.18 billion by 2031 from USD 3.68 billion in 2023, growing with a substantial CAGR of 4.4% in the forecast period of 2024 to 2031.
Market Segmentation: U.S. Abrasives Market, By Raw Material (Synthetic, and Natural), Type (Bonded Abrasive, Coated Abrasive, and Super Abrasive), Product (Disc, Cups, Cylinder, and Others), Form (Powdered Form, and Block Form), Application (Grinding, Polishing, Cutting, Finishing, Drilling, and Others), End-Use (Automotive, Building and Construction, Metal Fabrication, Machinery, Aerospace and Defense, Electrical and Electronics, Medical Devices, Oil and Gas, and Others) - Industry Trends and Forecast to 2031
Driver
• Increasing metal fabrication activities
• Increasing activities in manufacturing and construction industries
Restrain
• Stringent regulations and standards regarding abrasives
• Emerging substitute materials and technologies
Opportunities
• Increasing demand for superabrasives
• Growth in electronics and semiconductors industry
Market Players:
Some of the major market players operating in U.S. abrasives market are:• ARC ABRASIVES, INC.
• Bullard Abrasives, Inc.
• Engis Corporation
• INDASA
• Klingspor Abrasives Limited
• Osborn, SAK ABRASIVES LIMITED
• Tyrolit - Schleifmittelwerke Swarovski AG & Co K.G.
• Asahi Diamond Industrial Co.,Ltd.
• CUMI
• Hermes Schleifmittel GmbH
• Robert Bosch GmbH
• SAIT ABRASIVI S.p.A.
• Mirka USA
• Saint-Gobain
• 3M
• Weiler Abrasives.
• VSM AG
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