Latin America Abrasives Market Breakdown By Size, Share, Growth, Trends, and Industry 2028
The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Latin America Abrasives Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Latin America Abrasives Industry (2023-2028):
According to the latest report, The Latin America Abrasives Market is projected to grow at a considerable CAGR during the forecast period, i.e., 2023-28. The report demonstrates the prominent factors propelling the exponential growth of the Latin America Abrasives industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
· Historical Data: 2018-21
· Base Year: 2022
· Forecast Period: 2023-28
What are the major Driver the Latin America Abrasives industry?
Thriving Automotive Sector Pushes the Abrasive Industry - The market is likely to gain momentum with the wide application of abrasives demonstrated by the Automotive industry in recent years. These applications include repairing and maintaining autobody, interiors, and accessories. Abrasives also aid in sizing engine parts, deburring, smoothening welds, cleaning pipe interiors, and roughening or smoothening surfaces and edges. These materials, particularly coated abrasives, find broader applications across the automotive industry for grinding and finishing purposes. Thus, with expanding automotive sector with the substantial surge in car sales across Brazil, Argentina, and Mexico, the abrasives market is likely to thrive in the coming years.
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Latin America Abrasives Market Segmentation
The Latin America Abrasives Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Type
- Coated
- Bonded
- Super
- By Raw Material
- Synthetic
- Natural
- By End User
- Construction
- Industrial
- Aerospace
- Metal Fabrication
- Automotive
- Electrical & Electronics
- By Country
- Brazil
- Argentina
- Mexico
- Chile
- Colombia
- Rest of Latin America
As per the regional aspect, the Latin America Abrasives Market is expected to be dominated by Latin America by capturing the potential market share.
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Top Companies in the Latin America Abrasives Market
3M Company, AA Argentine Abrasives SAIC, CARSIL ARGENTINA, German Abrasives SAS, Hilti Corporation, Klingspor Abrasivos SA, Robert Bosch GMBH, Saint-Gobain Abrasives, Inc. (Argentina), Telstar Abrasivos Ltda, Unibras, VSM Latin America SAS.
Latin America Abrasives Market Recent Development
June, 2022: Saint-Gobain Abrasives, Inc. announced its Norton Abrasive Process Solutions (APS) Program out of its grinding technology center. With this program, the company seeks to test and optimize new abrasive grinding and polishing techniques for customers, try out new & automated processes, and improve the quality and throughput for targeted applications.
September 2021: Norton|Saint-Gobain Abrasives launched the new BlueFire zirconia coated abrasives based on a fourth-generation zirconia abrasive grain, which combines the latest innovations and optimization of grain shape, fusion processing, and composition. In order to improve the resharpening and metal removal rates, the zirconia-alumina grain composition and shape, are finely tuned.
April 2021: The Vereinigte Schmirgel- und Maschinen-Fabriken (VSM) AG unveiled AK890Y abrasive belt from the VSM ACTIROX technology family. The product is likely to hit new benchmarks in terms of processing super alloys, stainless steels, and carbon steels when it comes to stock removal and grinding speeds.
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