The Global Abrasives Market size valued to USD 41.54 billion in 2019, shall witness a growth of USD 84.84 billion by 2030, with a CAGR of 6.6% from 2020-2030.
Abrasives, widely used for grinding, polishing, buffing, honing, cutting, drilling, sharpening, lapping, and sanding; are mostly mineral derived materials, either obtained naturally or synthetically. It works on the principle of difference in hardness between the two substances, where abrasive is harder of the two. The global abrasive market witnessed a notable volumetric sale of 43,738.4 kilotons in 2019, which is expected to rise up-to 84,643.5 kilotons by 2030, with a CAGR of 6.1% from 2020-2030.
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