Abrasives Market

Analysis from GMI Research finds that the Abrasives Market earned revenues of USD 41.7 billion in 2022 and forecast to touch USD 59.8 billion in 2030 will grow at a CAGR of 4.6% from 2023-2030.

Abrasive is a substance used for grinding, abrading, scouring, removing solid materials, and cleaning a hard surface. Abrasives are used in various sectors, including industrial, residential, and commercial in a wide range of processes that includes buffing, grinding, honing cutting, polishing, drilling, lapping, sanding, and sharpening. Highly precise components and ultra-smooth surfaces required in the manufacture of automobiles, airplanes, spacecraft, mechanical devices, electrical appliances, and machine tools are made with the help of abrasives products. Abrasives are available in different sizes, shapes, and sizes that includes sandpapers, honing stones, grinding wheels, polishes, cut-off wheels, tumbling and vibratory mass-finishing media, sandblasting, pulp stones, and ball mills among other. The global abrasives market has been segmented on the basis of its type, raw material, end-use industry, and by their geographical location or region.

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Major Abrasives Market Drivers

The growth of the abrasives market is mainly attributed to the various beneficial properties of abrasive products such as hardness, brittleness, durability, and flexibility. The growing automotive industry has been propelling the demand for abrasives throughout the world. The abrasive products are used in all stages of the vehicle manufacturing process, including engine parts sizing, deburring, cleaning auto body, interior, and accessories repairs. Use of abrasives for smooth welding, cleaning of the insides of pipes, and roughening or smoothening surfaces and edges for fitting, oiling, painting, and polishing are further contributing to the high demand of abrasives in the vehicle manufacturing sector. Organization for the Safety of Abrasives, Coated Abrasives Fabricators Association (CAFA), Unified Abrasives Manufacturers’ Association (UAMA), and International Committee for Abrasive Technology are some of the organizations that develop standards to support the design, production, and quality of abrasives. This factor is further expected to support the growth and development of the global abrasives market.

Rising industrialization and urbanization has led to the growth in the demand for machinery, electric, and electronic products. This will boost the growth of the abrasives market owing to the wide range of applications in machinery and metal fabrication industries. Availability of different shapes and sizes of abrasive products, including abrasive sandpapers, sponges, pencils, emery cloths, steel wool, rubbing compound, finishing pads is one of the major factors contributing to the growth of the market. Abrasives are used in the manufacturing of printed circuit boards which are used in the electronic device including computers, laptops, routers, and others. The increasing trend of digitization and artificial intelligence is another factor that is expected to boost the demand for abrasive products.

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Raw material – Segment Analysis

Based on the raw material, the market is segmented into natural and synthetic. The synthetic materials segment is expected to grow at a higher CAGR during the forecast period due to their strength and more durability as compared to natural abrasives and its multiple purposes in metal fabrication, automobile, and electronics among other industries. The synthetic abrasives include silicon carbide, synthetic diamond, boron nitride, and alumina among other synthetic abrasives.

Type – Segment Analysis

Based on type, the market is segmented into coated abrasives, bonded abrasives, and super abrasives. The coated segment is expected to dominate the abrasives market during the forecast period primarily due to the increasing demand for coated abrasives in all end-use industries including automobile, furniture, healthcare, consumer goods, and other industries. Availability of coated abrasives in different forms, including sheets, rolls, discs and belts and their use for finishing and light-to-medium grinding, are further contributing to the market growth.

End-Use – Segment Analysis

Based on the end-use industry, the market is segmented into aerospace, automotive, machinery, metal fabrication, electrical & electronics equipment, and others. The automotive segment is expected to grow at a higher CAGR in the abrasives market during the forecast period. The growth of the automotive industry and the increasing demand for cars and light commercial vehicles are contributing to the surging demand of the abrasives market. The metal fabrication segment is projected to dominate the market during the forecast period due to the growing usage in the metal fabrication for grinding, removing welds, cutting-off material, surface blending, finishing, and polishing. Huge demand of metal fabricated parts in a wide range of industries including shipbuilding, aerospace, automotive, electronics, and other industrial sectors are further propelling the market growth.

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Regional – Segment Analysis

Based on the region, the Asia-Pacific region is anticipated to grow at a faster CAGR during the forecast period due to the rise in per capita disposable incomes, coupled with increasing demand for passenger and commercial vehicles in the developing countries including China, India, Sri Lanka, and Indonesia. Industrial Diamond Association of India and Japan Society for Abrasive Technology, among other associations, are working for the development of abrasive technology and for advancing the sales and marketing of abrasive products in the region. This factor is further contributing to the growth and development of the abrasives market in the Asia-Pacific.

Top Market Players

Various notable players operating in the global abrasives market include Robert Bosch GmbH, 3M Company, Dupont De Nemours, Inc., Jason Industries, Inc., Fujimi Incorporated, Asahi Diamond Industrial Co., Ltd., Henkel AG & Co. KGaA, Nippon Resibon Corporation, Mirka Ltd., Sankyo-Rikagaku Co., Ltd., Noritake Co., Limited, Tyrolit Schleifmittelwerke Swarovski KG, BORIDE Engineered Abrasives, Flexovit USA, Inc., and Saint-Gobain, among others.

 Key Developments: 

• • In 2020, Jason Industries, Inc. acquired the Matchless Metal Polish Company, a provider of metal finishing products and services including buffing compounds, buffing wheels, abrasives and chemicals. With this acquisition, Jason Industries, Inc. will further expand its abrasive product portfolio used in polishing applications within North America.
  • In 2018, Saint-Gobain Group launched new abrasive products named as Weber by Norton. These products include 4” diamond blades, thin wheel, GC grinding wheel, flap disc, and fiber disc. With this launch, the company has expanded its product portfolio in the construction industry.
  • In 2018, Tyrolit Schleifmittelwerke Swarovski KG partnered with Asahi Diamond Industrial Co., Ltd. With this strategic business alliance, both the prominent manufacturers of high-precision grinding and abrasive tools will extend their product portfolio for the electronics, bearing, and gearing industry in Europe and Asia.

The global Abrasives market has been segmented on the basis of raw material, type, end-use industry, and regions. Based on the raw material, the market is segmented into natural and synthetic. Based on type, the market is segmented into coated abrasives, bonded abrasives, and super abrasives. Based on end-use industry, the market is segmented into aerospace, automotive, machinery, metal fabrication, electrical & electronics equipment, and others including medical devices, construction, consumer goods, and cleaning & maintenance.

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Key questions answered in this research report:

• • At what pace is global abrasives market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in abrasives market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global abrasives market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various end-use industry of global abrasives market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Abrasives Market by Raw material

• • Natural
  • Synthetic

Global Abrasives Market by Type

• • Coated Abrasives
  • Bonded Abrasives
  • Super Abrasives

Global Abrasives Market by End-Use Industry

• • Aerospace
  • Automotive
  • Machinery
  • Metal fabrication
  • Electrical & Electronics Equipment
  • Others

Global Abrasives Market by Region

• • North America Abrasives Market (Option 1: As a part of the free 25% customization)

    • North America Market by Raw Material
    • North America Market by Type
    • North America Market by End-Use Industry
    • US Market All-Up
    • Canada Market All-Up

  • Europe Abrasives Market (Option 2: As a part of the free 25% customization)

    • Europe Market by Raw Material
    • Europe Market by Type
    • Europe Market by End-Use Industry
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Abrasives Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Market by Raw Material
    • Asia-Pacific Market by Type
    • Asia-Pacific Market by End-Use Industry
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Abrasives Market (Option 4: As a part of the free 25% customization)

    • RoW Market by Raw Material
    • RoW Market by Type
    • RoW Market by End-Use Industry
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Abrasives Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Robert Bosch GmbH
  • 3M Company
  • Dupont De Nemours, Inc.
  • Jason Industries, Inc.
  • Fujimi Incorporated
  • Asahi Diamond Industrial Co., Ltd.
  • Henkel AG & Co. KGaA
  • Nippon Resibon Corporation
  • Mirka Ltd.
  • Sankyo-Rikagaku Co., Ltd.
  • Noritake Co., Limited
  • Tyrolit Schleifmittelwerke Swarovski KG
  • BORIDE Engineered Abrasives
  • Flexovit USA, Inc.
  • Saint-Gobain