The global abrasives market is anticipated to grow at a CAGR of 3.8% during the forecast period (2021-2027). The abrasives market has witnessed impressive growth over the past few decades. The rising mergers and acquisitions among key market players to expand their product offerings and manufacturing units is the factor driving the growth of the global abrasives market. Some of the recent mergers & acquisitions in the abrasives market include the acquisition of 10,000 equity shares of Orient Advanced Materials by Orient Abrasives among others. In June 2021, Orient Abrasives Ltd. has approved the acquisition of 10,000 equity shares of Rs10 each of Orient Advanced Materials Private Ltd. (formerly known as KMM Consultancy Pvt. Ltd.) to expand its business by developing a separate product line for abrasives.
Browse the full report description of "Global Abrasives Market Size, Share & Trends Analysis Report by Raw Material (Natural Abrasives, Synthetic Abrasives), By Product Type (Bonded, Coated, and Super), By End-User Industry (Automotive, Machinery, Aerospace, Metal Fabrication, Electrical & Electronics Equipment, Other) Forecast Period 2021-2027" at https://www.omrglobal.com/industry-reports/abrasives-market
In the same month, Irvine, CA-based Continental Abrasives has acquired the Edmar Abrasive Company. The deal gains Continental a supplier of premium diamond products and reinforced abrasive blades for the construction, stone and metal fabrication industries. Edmar has been an abrasives industry pioneer over the years. This acquisition will promote Continental to grow into the construction and specialty diamond markets by taking benefits of using Edmar technology. Such type of mergers & acquisition for the expansion of product line or to expand geographical reach is a key factor driving the growth of the global abrasives market.
Market Coverage
o By Raw Material
o By Product Type
o By End-User Industry
o North America
o Europe
o Asia-Pacific
o Rest of the World
Key questions addressed by the report
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Global Abrasives Market Report Segment
By Raw Material
By Product Type
By End-User Industry
Global Abrasives Market Report Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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