Market Research Report

Global Abrasives Market Research Report: Forecast (2024-2030)

Abrasives Market- By Type (Coated Abrasive, Bonded Abrasive [By Bonding Agents {Vitreous, Resin, Metal Bonded, Electroplated, Rubber, Others}], Super Abrasive), By Raw Material (Sy...nthetic [Aluminum oxide, Metallic abrasives, Silicon carbide, Others], Natural), By Application (Machinery, Aerospace, Metal Fabrication, Automotive, Electrical & Electronics, Others), By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa), By Country (US, Canada, Mexico, Brazil, Argentina, UK, Germany, France, Italy, Spain, UAE, Saudi Arabia, South Africa, Algeria, Morocco, China, Japan, South Korea, India), By Company (Robert Bosch GMBH, 3M Company, Saint-Gobain Abrasives, Inc., Fujimi Incorporated, Asahi Diamond Industrial Co., Ltd., Cumi Murugappa Group (Carborundum Universal Limited), Mirka Ltd., Henkel AG & Co. KGaA, Nippon Resibon Corporation, Sankyo Rikagaku Co., Ltd., Noritake Co. Ltd., Tyrolit Group, Boride Engineered Abrasives, Flexovit USA, Inc., Abrasive Technology, Inc. etc.) Read more

  • Buildings, Construction, Metals & Mining
  • Aug 2023
  • 187
  • BM33006

Market Definition

Abrasives are materials that grind away elements like concrete, wood, ceramic, stone, & mineral, among others, and offer an elegant, sleek, & finished look to the final product. They are used primarily in polishing to create a smooth & reflective surface. They also find applications in roughening materials to achieve matte, satin, or beaded finishes.

Market Insights & Analysis: Global Abrasives Market (2024-30)

The Global Abrasives Market size was valued at USD 35.5 Billion in 2022 and is projected to grow at a CAGR of around 4.5% during the forecast period, i.e., 2024-30. The market is projected to experience significant growth in the coming years due to the surge in construction & manufacturing activities worldwide. The demand for abrasives in the construction industry for woodworking, fabrication, metal components, and other uses is particularly high in various developing countries. As a result, abrasives manufacturers have the immense potential to capitalize on these opportunities and achieve substantial revenue & market share.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 4.5%
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, UK, France, Italy, Spain
Asia-Pacific: China, India, Japan, South Korea
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: UAE, Saudi Arabia, South Africa, Algeria, Morocco
Key Companies Profiled Robert Bosch GMBH, 3M Company, Saint-Gobain Abrasives, Inc., Fujimi Incorporated, Asahi Diamond Industrial Co., Ltd., Cumi Murugappa Group (Carborundum Universal Limited), Mirka Ltd., Henkel AG & Co. KGaA, Nippon Resibon Corporation, Sankyo Rikagaku Co., Ltd., Noritake Co. Ltd., Tyrolit Group, Boride Engineered Abrasives, Flexovit USA, Inc., Abrasive Technology
Market Value (2022) USD 35.5 Billion

 

Other industries like metal fabrication, automotive, Electrical Equipment (E&E), and machinery & electronics, among others, shall also demonstrate a rise in demand for abrasives for grinding & polishing applications. These materials find extensive use in the production of automotive components to modify their operating parameters, such as reducing noise levels and engine CO2 emissions, among others. The expansive use of abrasives across different industries ensures that the global abrasives industry will proliferate in the coming years.

Global Abrasives Market Driver:

The Automotive Industry's Growing Demand for Abrasives: Since abrasives find substantial application across the automotive industry for repairing engine parts, auto body, and interior & exterior cleaning, among other applications, their demand is hiking worldwide. In fact, these materials are also used for cleaning the insides of components like pipes, smooth welds, edges, & surfaces for fitting, oiling, polishing, or painting. Such applications are augmenting the demand for abrasives across the automotive industry and driving the abrasives market.


Global Abrasives Market Research Report: Forecast (2024-2030)

Global Abrasives Market Growth Restraint:

Unavailability of Raw Material & Stringent Government Regulations for Abrasive Use: While abrasives are developed from different raw materials, where the common raw materials include aluminum oxide, cubic boron nitride, silicon carbide, ceramics, & synthetic diamond, procured from renewable resources like petroleum, the depletion of these resources is causing a shortage of abrasive production. Additionally, strict regulations set by the governments of different countries on confining the use of non-renewable resources are further limiting the availability of these materials and negatively impacting the Abrasives Market growth.

Global Abrasives Market Trend:

Mounting Demand for Abrasives, Driven by Increasing Infrastructure Development Activities: Numerous countries worldwide are increasingly focusing on developing their infrastructure across diverse sectors, such as commercial, residential, & industrial areas. Such projects include the construction & development of commercial areas, such as airports, shopping malls, railway stations, highways, roads, & tunnels, coupled with industrial construction activities associated with manufacturing plants, steel & mining industries, metal fabrication, as well as the construction of smart cities & rural areas, among others, indicating a substantial rise in demand for abrasives over the coming years.

Global Abrasives Market (2024-30): Segmentation Analysis

The Global Abrasives Market study from MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2024–2030 at the global, regional, and national levels. Based on the analysis, the market has been further classified as:

Based on Type:

  • Coated Abrasive
  • Bonded Abrasive

Between the two, coated abrasives dominated the market with the largest revenue share in 2022, and the same trend is likely during 2024-30. It owes to their wide application in consumer goods, fabrication, hand & power tools, furniture, general engineering, & surgical products, among others, backed by the presence of backing materials like grains & a bonded adhesive.

On the other hand, bonded abrasives are set to contribute considerably to the Abrasive Market growth through 2030, principally due to the composition of these materials, exhibiting binders, and very fine aluminum oxide abrasive, used for purposes like sanding & polishing metal products.

As these materials come in the form of grinding wheels or rectification tools and are widely used to shape fragile or hard materials in the automotive & construction industry, ceramic compounds, & others, their demand is likely to remain prevalent in the coming years and, consequently, propel the abrasives Industry growth.

  • In May 2021, Saint-Gobain Abrasives launched a proprietary nano-crystalline ceramic grain, Norton Quantum Prime Grinding Wheels, to offer exceptional productivity benefits in diverse applications.

Based on Application:

  • Machinery
  • Aerospace
  • Metal Fabrication
  • Automotive
  • Electrical & Electronics

Of them all, the metal fabrication application of abrasives has proliferated in recent years and is likely to witness rapid growth, hinting at the inflated Abrasives Market size during 2024-30. This growth is backed by the capabilities of these materials in aiding the manufacturing of metal structures through bending, cutting, & assembling processes. They are also used as cut-off saws owing to the steel-cutting abrasive disks that help cut metals into the desired shape. Other than this, they aid in the fabrication of products like fiber & flap discs for grinding metals & blending surfaces. Backed by such uses, the demand for abrasives is exploding for metal fabrication and, in turn, fueling the Abrasives Market growth.

On the other hand, Electrical & Electronics applications of abrasives significantly contribute to the ascension of the Global Abrasives Market, owing to the easy availability of new & attractive materials for wire insulation & blending in the electrical sector, creating lucrative opportunities for the abrasives market leaders and instigating them to expand their production & distribution capacities in order to cater to the varied end-user demands globally.

Global Abrasives Market (2024-30) Regional Projection:

Geographically, the Global Abrasives Market expands across:

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

Of all regions globally, Asia-Pacific is anticipated to dominate the Abrasives Market with the largest share during 2024-30. It owes to its flourishing automotive industry and the growing number of construction activities across different countries in the region, creating the demand for abrasives and generating lucrative opportunities for the abrasives market leaders to increase their production & distribution capacities in order to cater to the burgeoning end-user requirements. 

Likewise, Europe is anticipated to make a substantial contribution to the abrasives market expansion in the coming years. The region is a hub for automobile production, so the procurement of abrasives is massive, making Europe a prominent consumer of these materials. Moreover, stringent regulations by automakers to ensure high-level cleaning & maintenance services for automobiles are also escalating the regional market growth.

On the other hand, North America is expected to demonstrate the fastest growth in the Abrasives Market during the forecast period. It owes to rapid developments in precision tooling & machine component manufacturing, especially across countries like the US & Canada, promulgating the demand for abrasives and stimulating the industry growth throughout the region. For instance,

  • In response to the continuous feedback received from its North American manufacturing customers, Norton/Saint-Gobain Abrasives has launched the Norton Abrasive Process Solutions (APS) Program in June 2022 from their grinding technology center located in Northborough, Massachusetts. This move reflects their commitment to addressing customer needs and enhancing their abrasive solutions for the market.

Nonetheless, the Middle East & Africa is projected to demonstrate substantial market growth and create lucrative prospects for the industry participants during 2024-30. This growth is driven primarily by various ongoing & upcoming construction projects in the region, indicating an ever-growing demand for abrasives in the coming years.

Global Abrasives Industry Recent Development

  • In October 2022, Boride Engineered Abrasives introduced a fresh addition to its range of polishing equipment, the HTSG-3S High Torque Air Grinder. This new air grinder is the most robust one available in the air micro grinder series. The inclusion of this low-speed, high-torque grinder expands the variety of abrasives that can be used and reduces the occurrence of errors during the grinding process.

Gain a Competitive Edge with Our Global Abrasives Market Report

  1. Global Abrasives Market report provides a detailed and thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics and make informed decisions.
  2. This report also highlights current abrasives market trends and future projections, allowing businesses to identify emerging opportunities and potential challenges. By understanding market forecasts, companies can align their strategies and stay ahead of the competition.
  3. Global Abrasives Industry report aids in assessing and mitigating risks associated with entering or operating in the market.
  4. The report would help in understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks and optimize their operations.

Frequently Asked Questions

   A. The Abrasives Market is projected to grow at a CAGR of around 4.5% during 2024-30.

   A. The Abrasives Market size was valued at USD 35.5 Billion in 2022.

   A. The automotive industry's growing demand for abrasives is the prime aspect projected to drive the Abrasives Market through 2030.

   A. During 2024-30, the Abrasives Market share is likely to be held majorly by coated abrasives.

   A. Top Abrasives companies in the global market are; Robert Bosch GMBH, 3M Company, Saint-Gobain Abrasives, Inc., Fujimi Incorporated, Asahi Diamond Industrial Co., Ltd., Cumi Murugappa Group (Carborundum Universal Limited), Mirka Ltd., Henkel AG & Co. KGaA, Nippon Resibon Corporation, Sankyo Rikagaku Co., Ltd., Noritake Co. Ltd., Tyrolit Group, Boride Engineered Abrasives, Flexovit USA, Inc., and Abrasive Technology.

   A. Globally, Asia-Pacific would provide lucrative prospects for the Abrasives Market in the years ahead.

   A. The growing number of infrastructural development projects worldwide are demonstrating a swift expansion of the construction industry, consequently boosting the demand for abrasives and augmenting the Abrasives Market growth.

   A. The unavailability of raw materials and stringent government regulations for abrasive use are the aspects that might restrain the fledged growth of the Abrasives Market through 2030.

Global Abrasives Market Research Report (2024-2030) - Table of Contents

 

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on Global Abrasives Market
  5. Global Abrasives Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Type
        1. Coated Abrasive
        2. Bonded Abrasive
          1. By Bonding Agents
            1. Vitreous
            2. Resin
            3. Metal Bonded
            4. Electroplated
            5. Rubber
            6. Others
        3. Super Abrasive
      2. By Raw Material
        1. Synthetic
          1. Aluminum oxide
          2. Metallic abrasives
          3. Silicon carbide
          4. Others
        2. Natural
      3. By Application
        1. Machinery
        2. Aerospace
        3. Metal Fabrication
        4. Automotive
        5. Electrical & Electronics
        6. Others
      4. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia-Pacific
      5. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
        3. Competitive Metrix
  6. North America Abrasives Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Type
      2. By Raw Material
      3. By Application
      4. By Country
        1. The US Abrasives Market Outlook, 2019-2030
          1. Market Size & Analysis
            1. Market Revenues
          2. Market Share & Analysis
            1. By Type
            2. By Raw Material
            3. By Application
        2. Canada Abrasives Market Outlook, 2019-2030
          1. Market Size & Analysis
            1. Market Revenues
          2. Market Share & Analysis
            1. By Type
            2. By Raw Material
            3. By Application
        3. Mexico Abrasives Market Outlook, 2019-2030
          1. Market Size & Analysis
            1. Market Revenues
          2. Market Share & Analysis
            1. By Type
            2. By Raw Material
            3. By Application
  7. South America Abrasives Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Type
      2. By Raw Material
      3. By Application
      4. By Country
        1. Brazil Abrasives Market Outlook, 2019-2030
          1. Market Size & Analysis
            1. Market Revenues
          2. Market Share & Analysis
            1. By Type
            2. By Raw Material
            3. By Application
        2. Argentina Abrasives Market Outlook, 2019-2030
          1. Market Size & Analysis
            1. Market Revenues
          2. Market Share & Analysis
            1. By Type
            2. By Raw Material
            3. By Application
        3. Rest of South America
  8. Europe Abrasives Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Type
      2. By Raw Material
      3. By Application
      4. By Country
        1. Germany Abrasives Market Outlook, 2019-2030
          1. Market Size & Analysis
            1. Market Revenues
          2. Market Share & Analysis
            1. By Type
            2. By Raw Material
            3. By Application
        2. The UK Abrasives Market Outlook, 2019-2030
          1. Market Size & Analysis
            1. Market Revenues
          2. Market Share & Analysis
            1. By Type
            2. By Raw Material
            3. By Application
        3. France Abrasives Market Outlook, 2019-2030
          1. Market Size & Analysis
            1. Market Revenues
          2. Market Share & Analysis
            1. By Type
            2. By Raw Material
            3. By Application
        4. Italy Abrasives Market Outlook, 2019-2030
          1. Market Size & Analysis
            1. Market Revenues
          2. Market Share & Analysis
            1. By Type
            2. By Raw Material
            3. By Application
        5. Spain Abrasives Market Outlook, 2019-2030
          1. Market Size & Analysis
            1. Market Revenues
          2. Market Share & Analysis
            1. By Type
            2. By Raw Material
            3. By Application
        6. Rest of Europe
  9. Middle East & Africa Abrasives Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Type
      2. By Raw Material
      3. By Application
      4. By Country
        1. UAE Abrasives Market Outlook, 2019-2030
          1. Market Size & Analysis
            1. Market Revenues
          2. Market Share & Analysis
            1. By Type
            2. By Raw Material
            3. By Application
        2. Saudi Arabia Abrasives Market Outlook, 2019-2030
          1. Market Size & Analysis
            1. Market Revenues
          2. Market Share & Analysis
            1. By Type
            2. By Raw Material
            3. By Application
        3. South Africa Abrasives Market Outlook, 2019-2030
          1. Market Size & Analysis
            1. Market Revenues
          2. Market Share & Analysis
            1. By Type
            2. By Raw Material
            3. By Application
        4. Algeria Abrasives Market Outlook, 2019-2030
          1. Market Size & Analysis
            1. Market Revenues
          2. Market Share & Analysis
            1. By Type
            2. By Raw Material
            3. By Application
        5. Morocco Abrasives Market Outlook, 2019-2030
          1. Market Size & Analysis
            1. Market Revenues
          2. Market Share & Analysis
            1. By Type
            2. By Raw Material
            3. By Application
        6. Rest of Middle East & Africa
  10. Asia-Pacific Abrasives Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Type
      2. By Raw Material
      3. By Application
      4. By Country
        1. China Abrasives Market Outlook, 2019-2030
          1. Market Size & Analysis
            1. Market Revenues
          2. Market Share & Analysis
            1. By Type
            2. By Raw Material
            3. By Application
        2. India Abrasives Market Outlook, 2019-2030
          1. Market Size & Analysis
            1. Market Revenues
          2. Market Share & Analysis
            1. By Type
            2. By Raw Material
            3. By Application
        3. Japan Abrasives Market Outlook, 2019-2030
          1. Market Size & Analysis
            1. Market Revenues
          2. Market Share & Analysis
            1. By Type
            2. By Raw Material
            3. By Application
        4. South Korea Abrasives Market Outlook, 2019-2030
          1. Market Size & Analysis
            1. Market Revenues
          2. Market Share & Analysis
            1. By Type
            2. By Raw Material
            3. By Application
        5. Rest of Asia-Pacific
  11. Global Abrasives Value Chain Analysis
  12. Global Abrasives Market Trends & Insights
  13. Global Abrasives Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  14. Global Abrasives Market Hotspot & Opportunities
  15. Global Abrasives Market Key Strategic Imperatives for Success & Growth
  16. Competition Outlook (Whichever Applicable)
    1. Competition Matrix
      1. Target Markets
      2. Research & Development
      3. Collaborations & Strategic Alliances
      4. Key Business Expansion Initiatives
      5. Business Restructuring- Mergers, Acquisitions, JVs
      6. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Robert Bosch GMBH 
      2. 3M Company
      3. Saint-Gobain Abrasives, Inc.
      4. Fujimi Incorporated
      5. Asahi Diamond Industrial Co., Ltd.
      6. Cumi Murugappa Group (Carborundum Universal Limited)
      7. Mirka Ltd.
      8. Henkel AG & Co. KGaA
      9. Nippon Resibon Corporation
      10. Sankyo Rikagaku Co., Ltd.
      11. Noritake Co. Ltd.
      12. Tyrolit Group
      13. Boride Engineered Abrasives
      14. Flexovit USA, Inc.
      15. Abrasive Technology, Inc.
  17. Disclaimer


Abrasives Market Segmentation