
Global Abrasives Market was valued at $34,615 million in 2016, and is expected to reach $53,634 million by 2023, registering a CAGR of 6.5% from 2017 to 2023. Abrasives are hard materials, which are used in a wide range of industrial, domestic, and technological applications to shape or finish a workpiece. Abrasives are classified into natural abrasives including corundum, garnet, emery, and pumice and synthetic abrasives including silicon carbide, synthetic diamond, and alumina among others. Moreover, abrasives can be either bonded or coated. Bonded abrasives are attached to a matrix, which is also known as a binder. They are made of often rubber, clay, resin or glass, whereas coated abrasives are fixed to a backing material such as paper, cloth, resin, polyester or metal.