Latin America Abrasives Market is estimated to grow at a CAGR of over During 2023-28

Latin America Abrasives Market Overview and Insights:

According to MarkNtel Advisors Report, Latin America Abrasives Market projected to grow at a CAGR of around during the forecast period, i.e., 2023-28.

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Time Period Captured in the Report:

Historical Years: 2018-21

Base Years: 2022

Forecast Years: 2023-28

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Key Driver: 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.

Who are the Key Players Operating in the Latin America Abrasives Industry?

The top companies of the Latin America Abrasives market ruling the industry are:

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
Others

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What is Included in Latin America Abrasives Market Segmentation?

The report has segmented the market into the following categories:

-By End User

Construction
Industrial
Aerospace
Metal Fabrication
Automotive
Electrical & Electronics

Metal Fabrication is expected to demonstrate the fastest growth pace in the Latin America Abrasives Market during the forecast period. This growth lies in the remarkable potential of these materials in manufacturing metal structures through bending, cutting, & assembling processes. Additionally, these materials are used as cut-off saws because of the steel-cutting abrasive disks that carve the metal into the desired shape. Backed by the incorporation of abrasives in the metal fabrication of products like fiber & flap discs for grinding metals & blending surfaces, the demand for abrasives is exploding and bolstering the overall market growth in the forecast period.

-By Type

Coated
Bonded
Super

-By Raw Material

Synthetic
Natural

Geographical Analysis:

-By Country

Brazil
Argentina
Mexico
Chile
Colombia
Rest of Latin America

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