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Expanding Abrasive Markets
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Overview
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The global market for sandblasting media and coated abrasives is projected to experience substantial growth, driven by various industries such as manufacturing, construction, and automotive. These markets are expected to reach US$6.2 billion and US$23.2 billion respectively by 2028 and 2031, with steady CAGRs of over 7.6% and 6.7% respectively.
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How might the growth of these markets influence the future development and innovation in related industries?
How might the increasing demand for sandblasting media and coated abrasives impact the competitiveness of traditional abrasive products?
What are the potential challenges and opportunities for the key players in these expanding markets?
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