Market Overview:
The global artificial abrasive market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for artificial abrasives from various end-use industries, such as automotive, machinery, metal fabrication, electrical & electronics equipment, and others. In terms of type, the corundum abrasive segment is expected to lead the global artificial abrasive market during the forecast period. This growth can be attributed to its high hardness and resistance to wear and tear as compared with other types of artificial abrasives.
Product Definition:
Artificial abrasives are man-made materials used to grind or polish objects. They are often made of silicon carbide, aluminum oxide, or diamond and come in a variety of shapes and sizes. Artificial abrasives are important because they can be used to quickly and easily remove material from objects, making them smoother or sharper.
Corundum Abrasive:
Corundum abrasive is a crystalline mineral consisting of aluminum oxide. It occurs naturally as well as can be manufactured artificially. The product finds application in various sectors including metal machining, glass, and ceramics. It also has applications in the automotive sector for polishing purposes owing to its superior hardness property compared to other abrasives such as silicon carbide and garnet.
Silicon Carbide Abrasive:
Silicon carbide abrasive is a man-made mineral, which is made from silicon and carbon. It has similar properties like natural diamond. Silicon carbide abrasive provides higher cutting speed and longer life than natural diamond. The silicon in the product reacts with carbon to make the product hard, which makes it suitable for grinding applications in metal machining industries such as construction equipment industry, automotive industry among others.
Application Insights:
The global demand for the product is expected to witness a rise on account of its increasing use in metal cutting applications in the automotive industry. In addition, it is used as an abrasive in various other industries including construction and shipbuilding where it is used to cut and polish hard materials such as glass, ceramic tiles, granite and steel. The rising demand for these products from countries including China, Japan and South Korea on account of their high technological content will further propel the market growth over the forecast period.
Automotive was estimated as one of the largest application segments with a share of around 25% in 2017 owing to growing usage of corundum-based products that offer long life without maintenance along with low cost production methods employed by several companies operating within this segment.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for abrasives from countries such as China, India, Japan and South Korea. Rapid industrialization coupled with government initiatives aimed at promoting manufacturing activities in emerging economies of Asia Pacific are likely to drive regional market growth over the forecast period.
The growing automotive industry in Europe is projected to be a major factor driving product demand across several applications. In addition, technological advancements and R&D activities related to metal cutting processes are also expected fuel regional product demand across several industries including aerospace & defense and construction equipment over the next eight years.
Growth Factors:
- Increasing demand for artificial abrasives from the automotive and aerospace industries due to their superior performance as compared to natural abrasives.
- Rising demand for artificial abrasives in the construction and metalworking industries due to their ability to provide high-quality finishes.
- Growing popularity of artificial abrasives among consumers owing to their low cost and environmental friendliness as compared to natural abrasives.
- Technological advancements in the production of artificial abrasives that are helping manufacturers reduce costs and improve performance characteristics of these products.
- increasing awareness about the benefits of using artificial over natural abrasives, which is helping fuel growth in this market
Scope Of The Report
Report Attributes
Report Details
Report Title
Artificial Abrasive Market Research Report
By Type
Corundum Abrasive, Silicon Carbide Abrasive
By Application
Automotive, Machinery, Metal Fabrication, Electrical & Electronics Equipment, Others
By Companies
Saint-Gobain, KLINGSPOR, 3M, Hermes Schleifmittel, KWH Group, Sia Abrasives, Tyrolit, Pferd, Rhodius, Luxin High-tech, Fengmang Group, Hubei Yuli, Changzhou Kingcattle, Dongguan Golden Sun
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
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global Artificial Abrasive Market Report Segments:
The global Artificial Abrasive market is segmented on the basis of:
Types
Corundum Abrasive, Silicon Carbide Abrasive
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 Equipment, 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
- KLINGSPOR
- 3M
- Hermes Schleifmittel
- KWH Group
- Sia Abrasives
- Tyrolit
- Pferd
- Rhodius
- Luxin High-tech
- Fengmang Group
- Hubei Yuli
- Changzhou Kingcattle
- Dongguan Golden Sun
Highlights of The Artificial Abrasive 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:
- Corundum Abrasive
- Silicon Carbide Abrasive
- By Application:
- Automotive
- Machinery
- Metal Fabrication
- Electrical & Electronics Equipment
- 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 Artificial Abrasive 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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- Consumer Insights
- Understanding Competition Scenario
- 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?
Artificial abrasives are materials that have been designed to resemble natural abrasives, such as sandpaper. They are often used in industrial and construction settings to remove material by rubbing it against a rough surface.
Some of the major companies in the artificial abrasive market are Saint-Gobain, KLINGSPOR, 3M, Hermes Schleifmittel, KWH Group, Sia Abrasives, Tyrolit, Pferd, Rhodius, Luxin High-tech, Fengmang Group, Hubei Yuli, Changzhou Kingcattle, Dongguan Golden Sun.
The artificial abrasive 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 Artificial Abrasive 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 Artificial Abrasive Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Artificial Abrasive 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 Artificial Abrasive 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 Artificial Abrasive Market Size & Forecast, 2018-2028
4.5.1 Artificial Abrasive Market Size and Y-o-Y Growth
4.5.2 Artificial Abrasive Market Absolute $ Opportunity
Chapter 5 Global Artificial Abrasive 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 Artificial Abrasive Market Size Forecast by Type
5.2.1 Corundum Abrasive
5.2.2 Silicon Carbide Abrasive
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Artificial Abrasive 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 Artificial Abrasive Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Machinery
6.2.3 Metal Fabrication
6.2.4 Electrical & Electronics Equipment
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Artificial Abrasive 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 Artificial Abrasive 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 Artificial Abrasive Analysis and Forecast
9.1 Introduction
9.2 North America Artificial Abrasive 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 Artificial Abrasive Market Size Forecast by Type
9.6.1 Corundum Abrasive
9.6.2 Silicon Carbide Abrasive
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 Artificial Abrasive Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Machinery
9.10.3 Metal Fabrication
9.10.4 Electrical & Electronics Equipment
9.10.5 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 Artificial Abrasive Analysis and Forecast
10.1 Introduction
10.2 Europe Artificial Abrasive 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 Artificial Abrasive Market Size Forecast by Type
10.6.1 Corundum Abrasive
10.6.2 Silicon Carbide Abrasive
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 Artificial Abrasive Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Machinery
10.10.3 Metal Fabrication
10.10.4 Electrical & Electronics Equipment
10.10.5 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 Artificial Abrasive Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Artificial Abrasive 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 Artificial Abrasive Market Size Forecast by Type
11.6.1 Corundum Abrasive
11.6.2 Silicon Carbide Abrasive
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 Artificial Abrasive Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Machinery
11.10.3 Metal Fabrication
11.10.4 Electrical & Electronics Equipment
11.10.5 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 Artificial Abrasive Analysis and Forecast
12.1 Introduction
12.2 Latin America Artificial Abrasive 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 Artificial Abrasive Market Size Forecast by Type
12.6.1 Corundum Abrasive
12.6.2 Silicon Carbide Abrasive
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 Artificial Abrasive Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Machinery
12.10.3 Metal Fabrication
12.10.4 Electrical & Electronics Equipment
12.10.5 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) Artificial Abrasive Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Artificial Abrasive 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) Artificial Abrasive Market Size Forecast by Type
13.6.1 Corundum Abrasive
13.6.2 Silicon Carbide Abrasive
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) Artificial Abrasive Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Machinery
13.10.3 Metal Fabrication
13.10.4 Electrical & Electronics Equipment
13.10.5 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 Artificial Abrasive Market: Competitive Dashboard
14.2 Global Artificial Abrasive Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Saint-Gobain
14.3.2 KLINGSPOR
14.3.3 3M
14.3.4 Hermes Schleifmittel
14.3.5 KWH Group
14.3.6 Sia Abrasives
14.3.7 Tyrolit
14.3.8 Pferd
14.3.9 Rhodius
14.3.10 Luxin High-tech
14.3.11 Fengmang Group
14.3.12 Hubei Yuli
14.3.13 Changzhou Kingcattle
14.3.14 Dongguan Golden Sun
