09-17/2024
The global abrasives market will reach $12.3 billion by 2030, growing at 5.1% CAGR. Brown fused alumina dominates (38% share), driven by steel and construction demand. Silicon carbide grows fastest (7.2% CAGR) in EV and semiconductor sectors. Boron nitride leads premium segments at $210/kg for aerospace applications. Asia-Pacific contributes 45% revenue, fueled by industrial expansion in China and India.