Market Overview:
The global abrasive tools market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in the abrasive tools market can be attributed to the increasing demand for synthetic abrasives owing to their superior performance as compared to natural abrasives. Additionally, rising demand from end-use industries such as automotive, heavy machinery, aerospace and metal fabrication is also propelling the growth of the global abrasive tools market. Moreover, growing awareness about advanced grinding technologies and their benefits is also aiding in the growth of this market. However, volatility in prices of raw materials used for manufacturing synthetic abrasives may hamper the overall growth of this market during the forecast period. On basis of type, natural segment accounted for majority share in 2017 and is projected to maintain its dominance throughout forecast period 2018-2030 due to its low cost as compared to synthetic counterparts and easy availability across regions. On basis on application; automotive segment dominated global Abrasive Tools Market with highest revenue share contribution followed by Heavy Machinery & Aerospace segments respectively in 2017; however Metal Fabrication Segment is projected grow at highest CAGR over next 10 years owing increasing adoption rate across various industrial verticals .Regionally North America commanded largest revenue share contribution followed by Europe while Asia Pacific Excluding Japan (APEJ) region registered fastest CAGR over review period .
Product Definition:
Abrasive tools are used to grind or polish a surface. They can be used to remove material or to smooth it out.
Natural:
Natural abrasives are naturally occurring materials that can be used as a substitute for the synthetic counterparts. The major difference between natural and artificial abrasives is that the latter cannot be recycled. Natural products are inexpensive, easily accessible, and renewable; on account of which they have been widely used in traditional applications such as hand tools and manual sanding machines.
Synthetic:
Synthetic is a man-made material, which was designed and developed to imitate the properties of natural abrasive materials such as corundum, silicon carbide or diamond. Synthetic Abrasive Materials are available in different forms including powders, liquids & pastes and they can be used with rotary as well as fixed abrasive equipment.
Application Insights:
The global demand for abrasive tools is witnessing a paradigm shift due to the development of advanced and high-tech products. The automotive segment accounted for over 30% of the overall revenue in 2017. The growth can be attributed to increasing production levels of passenger cars and commercial vehicles across the globe. In addition, stringent government regulations regarding safety equipment such as airbags, belts, headliners and glass are propelling demand for metal cutting machines which are used in manufacturing these safety components.
Aerospace is expected to witness significant growth over the forecast period owing to rising R&D activities pertaining to aircraft parts including turbines blades & motors along with other machinery & equipment used in aerospace applications such as CNC machining centers or automated machine tools that require precision grinding operations for achieving smooth surfaces or sharp edges required by industry standards.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Malaysia. These countries are witnessing strong economic growth owing to various factors such as increasing population, rising disposable income of consumers and improving standard of living. Moreover, these economies are also attracting foreign investments due to low labor costs as compared to developed nations in Europe or North America.
China was one of the largest markets for abrasive tools in Asia Pacific with a revenue share of more than 25% in 2017 owing bothto high consumption levels within this economy as well as growing exports from this nation overseas.
Growth Factors:
- Increasing demand for abrasive tools in the automotive and aerospace industries due to the growing need for precision and accuracy in machining processes.
- Rising demand from emerging economies such as China and India due to the increasing industrialization and growth of manufacturing sectors in these countries.
- Growing use of abrasive tools in medical applications owing to their ability to precisely remove material from hard-to-reach areas without damaging surrounding tissue or organs.
- Increasing popularity of abrasive tools among DIY enthusiasts and hobbyists for tasks such as sanding, polishing, and grinding various materials at home.
- Technological advancements that have led to the development of new types of abrasive tools with improved performance characteristics, such as longer life span, higher cutting speed, etc., which is helping fuel market growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Abrasive Tools Market Research Report
By Type
Natural, Synthetic
By Application
Automotive, Heavy Machinery, Aerospace, Metal Fabrication, Electronics and Electrical, Others
By Companies
Asahi Diamond Industrial, Robert Bosch, Jason Incorporated, Fujimi Incorporated, DuPont, Tyrolit, Saint Gobain Abrasives, Henkel, Almatis
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
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Abrasive Tools Market Report Segments:
The global Abrasive Tools market is segmented on the basis of:
Types
Natural, Synthetic
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, Heavy Machinery, Aerospace, Metal Fabrication, Electronics and Electrical, 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:
- Asahi Diamond Industrial
- Robert Bosch
- Jason Incorporated
- Fujimi Incorporated
- DuPont
- Tyrolit
- Saint Gobain Abrasives
- Henkel
- Almatis
Highlights of The Abrasive Tools 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:
- Natural
- Synthetic
- By Application:
- Automotive
- Heavy Machinery
- Aerospace
- Metal Fabrication
- Electronics and Electrical
- 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 Abrasive Tools 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Abrasive tools are a type of tool that is used to remove material by rubbing it against a hard surface. This can be done with sandpaper, diamond blades, or other types of abrasives.
Some of the key players operating in the abrasive tools market are Asahi Diamond Industrial, Robert Bosch, Jason Incorporated, Fujimi Incorporated, DuPont, Tyrolit, Saint Gobain Abrasives, Henkel, Almatis.
The abrasive tools market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Abrasive Tools Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Abrasive Tools Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Abrasive Tools Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Abrasive Tools Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Abrasive Tools Market Size & Forecast, 2018-2028
4.5.1 Abrasive Tools Market Size and Y-o-Y Growth
4.5.2 Abrasive Tools Market Absolute $ Opportunity
Chapter 5 Global Abrasive Tools Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Abrasive Tools Market Size Forecast by Type
5.2.1 Natural
5.2.2 Synthetic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Abrasive Tools Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Abrasive Tools Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Heavy Machinery
6.2.3 Aerospace
6.2.4 Metal Fabrication
6.2.5 Electronics and Electrical
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Abrasive Tools Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Abrasive Tools Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Abrasive Tools Analysis and Forecast
9.1 Introduction
9.2 North America Abrasive Tools Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Abrasive Tools Market Size Forecast by Type
9.6.1 Natural
9.6.2 Synthetic
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Abrasive Tools Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Heavy Machinery
9.10.3 Aerospace
9.10.4 Metal Fabrication
9.10.5 Electronics and Electrical
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Abrasive Tools Analysis and Forecast
10.1 Introduction
10.2 Europe Abrasive Tools Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Abrasive Tools Market Size Forecast by Type
10.6.1 Natural
10.6.2 Synthetic
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Abrasive Tools Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Heavy Machinery
10.10.3 Aerospace
10.10.4 Metal Fabrication
10.10.5 Electronics and Electrical
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Abrasive Tools Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Abrasive Tools Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Abrasive Tools Market Size Forecast by Type
11.6.1 Natural
11.6.2 Synthetic
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Abrasive Tools Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Heavy Machinery
11.10.3 Aerospace
11.10.4 Metal Fabrication
11.10.5 Electronics and Electrical
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Abrasive Tools Analysis and Forecast
12.1 Introduction
12.2 Latin America Abrasive Tools Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Abrasive Tools Market Size Forecast by Type
12.6.1 Natural
12.6.2 Synthetic
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Abrasive Tools Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Heavy Machinery
12.10.3 Aerospace
12.10.4 Metal Fabrication
12.10.5 Electronics and Electrical
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Abrasive Tools Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Abrasive Tools Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Abrasive Tools Market Size Forecast by Type
13.6.1 Natural
13.6.2 Synthetic
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Abrasive Tools Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Heavy Machinery
13.10.3 Aerospace
13.10.4 Metal Fabrication
13.10.5 Electronics and Electrical
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Abrasive Tools Market: Competitive Dashboard
14.2 Global Abrasive Tools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Asahi Diamond Industrial
14.3.2 Robert Bosch
14.3.3 Jason Incorporated
14.3.4 Fujimi Incorporated
14.3.5 DuPont
14.3.6 Tyrolit
14.3.7 Saint Gobain Abrasives
14.3.8 Henkel
14.3.9 Almatis
