Portland, OR -- (SBWire) -- 06/30/2017 --Global Abrasives Market was valued at $34,615 million in 2016, and is expected to reach $53,634 million by 2023, registering a CAGR of 6.5% from 2017 to 2023. Abrasives are hard materials, which are used in a wide range of industrial, domestic, and technological applications to shape or finish a workpiece. Abrasives are classified into natural abrasives including corundum, garnet, emery, and pumice and synthetic abrasives including silicon carbide, synthetic diamond, and alumina among others. Moreover, abrasives can be either bonded or coated. Bonded abrasives are attached to a matrix, which is also known as a binder. They are made of often rubber, clay, resin or glass, whereas coated abrasives are fixed to a backing material such as paper, cloth, resin, polyester or metal.

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The global abrasives market is segmented based on type, material, end-user industry, and geography. The type segment is categorized into bonded, coated, and super. Based on material, the market is bifurcated into natural and synthetic. On the basis of end-user industry, it is classified into automotive, metal fabrication, machinery, electronics, construction, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Abrasives Market Key Segments:

By Type
- Bonded Abrasives
- Coated Abrasives
- Super Abrasives

By Material
- Natural
- Synthetic

By End-user Industry
- Automotive
- Metal Fabrication
- Machinery
- Electronics
- Construction
- Others (Medical Devices, Cleaning, and Maintenance)

By Geography

North America
- U.S.
- Canada
- Mexico

Europe
- Germany
- Spain
- UK
- Italy
- France
- Rest of Europe

Asia-Pacific
- China
- India
- Japan
- Australia
- Korea
- Rest of Asia-Pacific

LAMEA
- Brazil
- KSA
- South Africa
- Rest of LAMEA