Glass Abrasives Market Projection by Key Players, Demand,

Pune, Sep 15, 2022 (GLOBE NEWSWIRE) — The Global Glass abrasives The market includes analysis of global opportunities and industry forecast for the period 2023-2032. The global market was valued at USD 45.07 billion in 2023 and registering a CAGR of 6.34% from 2023 to 2032. The base year considered for the study is 2022, and the forecast has been provided for the period 2023 at 2032.

An abrasive, which is often a mineral or ceramic, is used to rub the product into a finished appearance. The rough or uneven surface wears away due to friction, leaving the object with a smooth, reflective and soft finish. Abrasives are ceramics used to cut, grind and clean other softer materials. Small particles of glass called glass abrasives are used to shape and polish an object. Drilling, grinding, cutting, polishing, sharpening, polishing, sanding, and lapping are all processes that require glass abrasives. When creating jewelry or grinding glass, extremely fine glass rouge powder is frequently used to give decorations a highly reflective shine.

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Automotive industry is expected to witness the highest growth which can be attributed to increasing disposable income and increasing demand for vehicles from countries like Russia, Germany, China, India and others. Market demand is expected to be driven by growing demand from the automotive and construction industries for glass abrasives used in drilling, sharpening and polishing, deburring, sizing and repair of glass parts. machines and motors. However, market expansion is expected to be limited by health risks associated with the use of glass abrasives containing silica, which is known to have carcinogenic properties.

Benefits of Glass abrasives:

It can be used near and around water as it is inert and non-reactive. In addition, cleaning after sandblasting is not necessary. A free silica content of less than 1%, unlike slag, does not require beryllium exposure limits. exemplary performance The metal finish is naturally whiter thanks to the crushed glass.

Impact of Covid-19 on glass abrasives Market:
The Covid-19 pandemic has impacted all industries such as aerospace and defense, agriculture, food and beverages, automotive and transportation, chemicals and materials, consumer goods consumption, energy and electricity, pharmaceuticals and healthcare, packaging, construction, mining and gases, electronics and semiconductors, banking, financial services and insurance , ICT and many more.

  • COVID-19 outbreak has had a substantial effect on the global Glass Abrasives Market. Due to the outbreak of the global health crisis and the lack of manpower, production and industrial facilities around the world have been closed.
  • The business sector and industry have been heavily affected by the COVID-19 outbreak. By changing their sales channels and focusing on product innovation, manufacturers understand ways to recover from the current scenario.

Glass abrasives MarketBy product type:
It contains:

  • Extra coarse size
  • Average sizes
  • Fine sizes.

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Glass abrasives MarketPer request:

  • The industry segment with the highest revenue share of over 35% in 2020 was automotive and transportation. Abrasives are used for a variety of tasks in the automotive industry, including rough sanding and lacquer sanding. Also, for grinding and polishing to improve the surface finish of automotive components, super abrasives in the form of diamond discs are preferred. One of the fastest growing application segments in the market is heavy machinery.
  • The product is widely used in the grinding and crushing of mining equipment, as well as in applications involving metal cutting. Over the projected period, growth in the manufacturing sector in developing countries is expected to increase the demand for heavy machinery.

Global Glass abrasives Market, based on regional analysis:

  • In 2020, Asia-Pacific led the global market and generated over 54% of global revenue. From 2021 to 2028, the regional market will continue to grow at the fastest CAGR. During the projection period, market growth is expected to be driven by improved infrastructure, increased investment in the manufacturing sector, and an increase in the production of electric vehicles in developing economies in the region. Potential markets for abrasives include Southeast Asian countries. For example, compared to the same period in 2019, Vietnam’s industrial output increased by 2.7% in the first half of 2020. Following the trade war between the United States and China, Vietnam has become a sought-after investment location in Asia and a small manufacturing base globally.
  • The demand for products has increased due to changes in the country’s manufacturing sector. Due to the growing demand for products from the automotive, aerospace and military industries, North America is expected to experience steady expansion over the next few years. The increased focus on electric vehicle production in the region, along with the restart of aircraft manufacturing operations, is expected to prove supportive for market growth in the coming years, despite the decline in 2020 caused by the pandemic.

Recent developments around the world Glass Abrasives Market:

  • June 2019 – Manus Abrasive Systems, an Edmonton, Alberta-based manufacturer and distributor of abrasive materials, consumables and surface preparation tools, was acquired by Marco Group International in June 2019. With this tactical acquisition, Marco was able to establish itself in the Canadian market.
  • June 2017 – Strategic Materials launched a new line of abrasives made entirely from recycled glass in June 2017. The abrasive is highly effective and has been extensively tested.

Some key points from the Glass Abrasives market report include:

  • An in-depth analysis of the global Glass Abrasives Market by segments, along with an analysis of trend-based information and factors.
  • Major companies operating in the global glass abrasives market include Marco Group International, Vitro Minerals, Abrasives Inc, TRU Abrasives, Reade International Corp, GlassOx Abrasives, Harsco Minerals International, Rapid Prep, Graco, Saint-Gobain Group.
  • Analysis of key impacting factors across all regions that includes analysis, along with drivers, restraints, opportunities, and challenges prevalent in the global Glass Abrasives market.
  • Impact of covid-19 on the global glass abrasives market.

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