Market Overview:
The global abrasives market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the automotive and machinery industries, especially in developing countries, is driving the demand for abrasives. Bonded abrasives are the most commonly used type of abrasive and are expected to dominate the market during the forecast period. Asia Pacific is expected to be the fastest-growing region during the forecast period.
Product Definition:
Abrasives are materials used to wear down or polish other materials. They are often used in grinding and sanding operations.
Bonded Abrasives:
Bonded abrasives are those products that are used in the production of high-quality surface finish and have a wide range of applications. The product is made up of very small particles, which get stuck together due to heat or pressure during the process of grinding. These grains form a continuous bond throughout the material, owing to which it gives an excellent surface finish and also reduces machining time significantly.
Coated Abrasives:
Coated abrasives are those products which have a thin layer of material ( usually metal or polymer) applied on the surface. The primary function of this layer is to abrade the surface more efficiently by reducing friction between particles, thus making it suitable for use in applications where smoothness is important. Coated abrasives are used in various applications such as automotive, aerospace and defense, electronics and electrical industries among others.
The global coated abrasives market size was valued at USD 3.
Application Insights:
The global market is segmented by application into automotive, machinery, metal fabricationation, electrical & electronics and others. The automotive sector accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing production of vehicles across the globe coupled with rising demand for high-performance cutting tools.
Metal fabricationations are anticipated to witness significant growth owing to increased industrialization in developing countries like India and China along with strong demand from other regions including North America and Europe. In addition, technological advancements such as introduction of CNC machines have further propelled industry growth globally over the past few decades since 1980s or 1990s depending upon which country you talk about first; however this trend may change soon due to upcoming technologies such as additive manufacturing (AM).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand from countries such as China, India, Japan, South Korea, and Taiwan. These countries are involved in rapid industrialization that has led to an increase in construction activities for various infrastructural developments by governments as well as private sectors. This factor is anticipated to fuel product demand over the next eight years.
The Asia Pacific was followed by Europe which accounted for a share of more than 23% of total volume in 2017 owing to high consumption from major application segments including automotive and machinery coupled with investments made by manufacturers for capacity expansion or acquisition opportunities across Eastern Europe and Central Asia regions at a relatively lower cost compared with Western Europe region due to lower labor costs along with availability of raw materials at comparatively low prices especially when compared against Australia or North America).
Growth Factors:
- Increasing demand for abrasives in the automotive and aerospace industries due to the growing need for precision and high-quality finishes.
- Rising demand from emerging economies such as China and India due to the growth of their manufacturing sectors.
- Growing use of abrasives in construction and renovation projects as a result of increasing investment in infrastructure development projects worldwide.
- Proliferation of new applications for abrasives, such as in medical implants, solar energy equipment, and microelectronics components fabrication 5 Increased focus on sustainability by end users is driving innovation in abrasive products that offer lower environmental impact
Scope Of The Report
Report Attributes
Report Details
Report Title
Abrasives Market Research Report
By Type
Bonded Abrasives, Coated Abrasives, Super Abrasives
By Application
Automotive, Machinery, Metal Fabrication, Electrical & Electronics, Others
By Companies
Saint-Gobain, 3M, Murugappa Group, Tyrolit, Noritake, Asahi, Huanghe Whirlwind, Hermes Schleifmittel, Husqvarna, Bosch, Fujimi, Pferd, Sharpness, Rhodius, Klingspor, Suhner Group, Dronco (Osborn)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Abrasives Market Report Segments:
The global Abrasives market is segmented on the basis of:
Types
Bonded Abrasives, Coated Abrasives, Super Abrasives
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Machinery, Metal Fabrication, Electrical & Electronics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Saint-Gobain
- 3M
- Murugappa Group
- Tyrolit
- Noritake
- Asahi
- Huanghe Whirlwind
- Hermes Schleifmittel
- Husqvarna
- Bosch
- Fujimi
- Pferd
- Sharpness
- Rhodius
- Klingspor
- Suhner Group
- Dronco (Osborn)
Highlights of The Abrasives Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Bonded Abrasives
- Coated Abrasives
- Super Abrasives
- By Application:
- Automotive
- Machinery
- Metal Fabrication
- Electrical & Electronics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Abrasives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Abrasives are materials that can remove material by rubbing against it.
Some of the major players in the abrasives market are Saint-Gobain, 3M, Murugappa Group, Tyrolit, Noritake, Asahi, Huanghe Whirlwind, Hermes Schleifmittel, Husqvarna, Bosch, Fujimi, Pferd, Sharpness, Rhodius, Klingspor, Suhner Group, Dronco (Osborn).
The abrasives market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Abrasives Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Abrasives Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Abrasives Market - Supply Chain
4.5. Global Abrasives Market Forecast
4.5.1. Abrasives Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Abrasives Market Size (000 Units) and Y-o-Y Growth
4.5.3. Abrasives Market Absolute $ Opportunity
5. Global Abrasives Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Abrasives Market Size and Volume Forecast by Type
5.3.1. Bonded Abrasives
5.3.2. Coated Abrasives
5.3.3. Super Abrasives
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Abrasives Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Abrasives Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Machinery
6.3.3. Metal Fabrication
6.3.4. Electrical & Electronics
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Abrasives Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Abrasives Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Abrasives Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Abrasives Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Abrasives Demand Share Forecast, 2019-2029
9. North America Abrasives Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Abrasives Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Abrasives Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Machinery
9.4.3. Metal Fabrication
9.4.4. Electrical & Electronics
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Abrasives Market Size and Volume Forecast by Type
9.7.1. Bonded Abrasives
9.7.2. Coated Abrasives
9.7.3. Super Abrasives
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Abrasives Demand Share Forecast, 2019-2029
10. Latin America Abrasives Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Abrasives Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Abrasives Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Machinery
10.4.3. Metal Fabrication
10.4.4. Electrical & Electronics
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Abrasives Market Size and Volume Forecast by Type
10.7.1. Bonded Abrasives
10.7.2. Coated Abrasives
10.7.3. Super Abrasives
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Abrasives Demand Share Forecast, 2019-2029
11. Europe Abrasives Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Abrasives Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Abrasives Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Machinery
11.4.3. Metal Fabrication
11.4.4. Electrical & Electronics
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Abrasives Market Size and Volume Forecast by Type
11.7.1. Bonded Abrasives
11.7.2. Coated Abrasives
11.7.3. Super Abrasives
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections b Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Abrasives Demand Share, 2019-2029
12. Asia Pacific Abrasives Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Abrasives Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Abrasives Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Machinery
12.4.3. Metal Fabrication
12.4.4. Electrical & Electronics
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Abrasives Market Size and Volume Forecast by Type
12.7.1. Bonded Abrasives
12.7.2. Coated Abrasives
12.7.3. Super Abrasives
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Abrasives Demand Share, 2019-2029
13. Middle East & Africa Abrasives Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Abrasives Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Abrasives Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Machinery
13.4.3. Metal Fabrication
13.4.4. Electrical & Electronics
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Abrasives Market Size and Volume Forecast by Type
13.7.1. Bonded Abrasives
13.7.2. Coated Abrasives
13.7.3. Super Abrasives
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Abrasives Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Abrasives Market: Market Share Analysis
14.2. Abrasives Distributors and Customers
14.3. Abrasives Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Saint-Gobain
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. 3M
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Murugappa Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Tyrolit
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Noritake
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Asahi
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Huanghe Whirlwind
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hermes Schleifmittel
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Husqvarna
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Bosch
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Fujimi
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Pferd
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Sharpness
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Rhodius
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Klingspor
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Suhner Group
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Dronco (Osborn)
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
