Bonded abrasive is a special chemical substance mainly used for grinding and dispersing pigments, fillers, etc. in industries such as coatings, paints, inks, etc. According to their different chemical properties and uses, bonded abrasives can usually be divided into water-based bonded abrasives, oil-based bonded abrasives, polyurethane bonded abrasives, and other types.
Overview of Market Development and Analysis of Downstream Application Patterns
Romania, as an important market in Eastern Europe, has unique development characteristics and market demand in its bonded abrasive industry. Romania's industrial development is relatively balanced, with a high demand for bonded abrasives in industries such as automobiles, manufacturing, and construction. In addition, Romania's industrial infrastructure is constantly improving, and the government is actively promoting industrial development, providing a good development environment for the bonded abrasive market. At the same time, Romania's bonded abrasive market also has a certain export potential, and its products have a certain competitiveness in the European market. According to our research data, the market size of Romanian bonded abrasives was $35.39 million in 2023 and may increase to $40.56 million by 2025.
From the perspective of downstream application patterns, the application of bonded abrasives involves multiple fields such as automotive, marine, metal processing, and wood processing. Among them, the automotive industry is the largest downstream application market, with an application share of 45.44% in 2023.
Romania Bonded Abrasive Market Size Forecast and Market Share by Application
Source: www.globalmarketmonitor.com
Analysis of Market Competition Pattern
From the perspective of market competition, the concentration of the Romanian bonded abrasive market is moderate. The data shows that in 2023, the total output value of bonded abrasives by the top 3 enterprises in the industry was $16.24 million, with a total share of 45.90%. The top 3 companies were Carbochem, St Gobin and Hermes. In 2023, these three companies accounted for 13.06%, 12.98%, and 12.57% of the global market output for bonded abrasives, respectively.
Bonded Abrasive Output Value and Share of Main Companies in 2023
|
Companies
|
Output Value (Million USD)
|
Share
|
|
Carbochim
|
7.63
|
13.06%
|
|
St. Gobin
|
4.92
|
12.98%
|
|
Hermes
|
3.69
|
12.57%
|
|
Top3
|
16.24
|
45.90%
|
Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Bonded abrasive Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".
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