Latin America Abrasives Market Growth, Size & Forecast 2023-2028

The Latin America Abrasives Market is projected to grow at a considerable CAGR during the forecast period, i.e., 2023-28.                               

Latin America Abrasives Market Dynamics:

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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Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

 

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Latin America Abrasives Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2022

-Historical Period: 2018 to 2021

-Forecast Period: 2023-28

  • 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

 

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   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.

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