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World Market for Abrasives: English Market Research Report

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The global market size for abrasives was valued at 36.42 billion USD in 2022, and it is projected to grow from 38.17 billion USD in 2023 to 55.54 billion USD by 2031, with a CAGR of 4.80% during the forecast period from 2024 to 2031. The global abrasives market is experiencing significant expansion, largely driven by the rapidly growing metalworking sector. This growth is attributed to the increasing demand for pre-designed structures and components, along with technological advancements in manufacturing. Diverse industries such as healthcare, agriculture, automotive, and aerospace are also contributing to this growth.

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