Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Synthetic Abrasive Market by Type (Bonded Abrasive, Coated Abrasive, Super Abrasive), By Application (Automotive, Machinery, Metal Fabrication, Electrical & Electronics Equipment, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Synthetic Abrasive Market by Type (Bonded Abrasive, Coated Abrasive, Super Abrasive), By Application (Automotive, Machinery, Metal Fabrication, Electrical & Electronics Equipment, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 215430 3300 Chemical & Material 377 247 Pages 4.9 (42)
                                          

Market Overview:


The global synthetic abrasive market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in the market can be attributed to the increasing demand for synthetic abrasives from various end-use industries, such as automotive, metal fabrication, and electrical & electronics equipment. In terms of type, bonded abrasives accounted for the largest share in 2017 and are expected to maintain its dominance during the forecast period. Bonded abrasives are mainly used in grinding applications owing to their superior performance characteristics as compared to other types of synthetic abrasives. Coated abrasives are also witnessing high demand due to their ability to provide superior finish quality and longer life as compared with other types of synthetic abrasives.


Global Synthetic Abrasive Industry Outlook


Product Definition:


A synthetic abrasive is a man-made material that is used to grind or polish objects. These materials are made from very hard, durable materials and can be used to sharpen or polish objects.


Bonded Abrasive:


Bonded abrasives are a special category of high-quality grinding and polishing materials that are used to grind, shape, or polish metal. They have witnessed significant growth in the recent past owing to their increasing demand from various application industries such as automotive & transportation and aerospace. Bonded abrasives can be categorized into zirconia alumina (ZrO2) and silicon carbide (SiC) based products on the basis of chemical composition.


Coated Abrasive:


Coated abrasives are used in the manufacturing of high-quality and efficient grinding tools for various applications. Coated abrasives are manufactured with a base material (abrasive grains) and a thin layer of metal, polymer or carbon is applied on the surface. The application of this product depends on the type of base material i.e., whether it is to be used as an industrial or consumer product.


Application Insights:


Automotive was the largest application segment in 2016 and is expected to continue its dominance over the forecast period. The global market for automotive abrasives has been growing at a significant pace owing to rising demand for high-performance, cost-efficient products by various end-use industries.


The use of synthetic abrasives in metal cutting applications has resulted in increased productivity and efficiency, which is projected to drive their demand from other applications as well. In addition, technological advancements such as bonded abrasives are likely to propel their usage across all manufacturing verticals thereby driving growth over the coming years.


 Synthetic abrasives are used extensively across all machinery & equipment applications including drilling & blasting operations where they act as substitutes for hard stones that were traditionally used for grinding and crushing operations on account of their low cost.


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 product demand from countries such as China, India, Japan, South Korea, and Taiwan. In addition, increasing foreign investments coupled with favorable government policies are anticipated to drive regional product demand in the forthcoming years.


The Asia Pacific was followed by Europe which accounted for a share of more than 20% in terms of revenue in 2017 owing to high consumption levels from countries such as Germany and Italy. Growing automotive production levels coupled with growing machinery manufacturing industry will augment product demand over the forecast period.


Growth Factors:


  • Increasing demand for synthetic abrasives from the automotive and aerospace industries due to their superior performance over traditional abrasives.
  • Growing demand for coated and bonded abrasives in the manufacturing sector as they offer better finishes and longer life than uncoated abrasives.
  • Rising investments in R&D by leading players to develop new and innovative synthetic abrasive products that can meet the specific needs of various industries.
  • Rapid growth of emerging economies such as China, India, Brazil, etc., which is resulting in an increase in demand for synthetic abrasives from these regions.
  • Proliferation of online shopping portals that are offering a wide range of synthetic abrasive products at competitive prices, thereby boosting sales

Scope Of The Report

Report Attributes

Report Details

Report Title

Synthetic Abrasive Market Research Report

By Type

Bonded Abrasive, Coated Abrasive, Super Abrasive

By Application

Automotive, Machinery, Metal Fabrication, Electrical & Electronics Equipment, Others

By Companies

Robert Bosch GMBH (Germany), 3M Company (US), E.I. Du Pont De Nemours and Co. (US), Saint-Gobain S.A. (France), Fujimi Incorporated (Japan), Henkel AG & CO. KGAA (Germany), Tyrolit Group (Austria), Asahi Diamond Industrial Co., LTD (Japan)

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

247

Number of Tables & Figures

173

Customization Available

Yes, the report can be customized as per your need.


Global Synthetic Abrasive Market Report Segments:

The global Synthetic Abrasive market is segmented on the basis of:

Types

Bonded Abrasive, Coated Abrasive, Super 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:

  1. Robert Bosch GMBH (Germany)
  2. 3M Company (US)
  3. E.I. Du Pont De Nemours and Co. (US)
  4. Saint-Gobain S.A. (France)
  5. Fujimi Incorporated (Japan)
  6. Henkel AG & CO. KGAA (Germany)
  7. Tyrolit Group (Austria)
  8. Asahi Diamond Industrial Co., LTD (Japan)

Global Synthetic Abrasive Market Overview


Highlights of The Synthetic Abrasive Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Bonded Abrasive
    2. Coated Abrasive
    3. Super Abrasive
  1. By Application:

    1. Automotive
    2. Machinery
    3. Metal Fabrication
    4. Electrical & Electronics Equipment
    5. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Synthetic 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
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Synthetic Abrasive Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Synthetic abrasives are man-made materials that are used to remove material by abrasion. They can be made from a variety of materials, including plastics and composites.

Some of the major players in the synthetic abrasive market are Robert Bosch GMBH (Germany), 3M Company (US), E.I. Du Pont De Nemours and Co. (US), Saint-Gobain S.A. (France), Fujimi Incorporated (Japan), Henkel AG & CO. KGAA (Germany), Tyrolit Group (Austria), Asahi Diamond Industrial Co., LTD (Japan).

The synthetic abrasive 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. Synthetic Abrasive 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. Synthetic Abrasive Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Synthetic Abrasive Market - Supply Chain
   4.5. Global Synthetic Abrasive Market Forecast
      4.5.1. Synthetic Abrasive Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Synthetic Abrasive Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Synthetic Abrasive Market Absolute $ Opportunity

5. Global Synthetic Abrasive 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. Synthetic Abrasive Market Size and Volume Forecast by Type
      5.3.1. Bonded Abrasive
      5.3.2. Coated Abrasive
      5.3.3. Super Abrasive
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Synthetic Abrasive 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. Synthetic Abrasive 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 Equipment
      6.3.5. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Synthetic Abrasive 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. Synthetic Abrasive 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 Synthetic Abrasive 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. Synthetic Abrasive 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 Synthetic Abrasive Demand Share Forecast, 2019-2026

9. North America Synthetic Abrasive 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 Synthetic Abrasive 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 Synthetic Abrasive 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 Equipment
      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 Synthetic Abrasive Market Size and Volume Forecast by Type
      9.7.1. Bonded Abrasive
      9.7.2. Coated Abrasive
      9.7.3. Super Abrasive
   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 Synthetic Abrasive Demand Share Forecast, 2019-2026

10. Latin America Synthetic Abrasive 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 Synthetic Abrasive 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 Synthetic Abrasive 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 Equipment
      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 Synthetic Abrasive Market Size and Volume Forecast by Type
      10.7.1. Bonded Abrasive
      10.7.2. Coated Abrasive
      10.7.3. Super Abrasive
   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 Synthetic Abrasive Demand Share Forecast, 2019-2026

11. Europe Synthetic Abrasive 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 Synthetic Abrasive 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 Synthetic Abrasive 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 Equipment
      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 Synthetic Abrasive Market Size and Volume Forecast by Type
      11.7.1. Bonded Abrasive
      11.7.2. Coated Abrasive
      11.7.3. Super Abrasive
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projectios by 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 Synthetic Abrasive Demand Share, 2019-2026

12. Asia Pacific Synthetic Abrasive 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 Synthetic Abrasive 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 Synthetic Abrasive 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 Equipment
      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 Synthetic Abrasive Market Size and Volume Forecast by Type
      12.7.1. Bonded Abrasive
      12.7.2. Coated Abrasive
      12.7.3. Super Abrasive
   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 Synthetic Abrasive Demand Share, 2019-2026

13. Middle East & Africa Synthetic Abrasive 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 Synthetic Abrasive 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 Synthetic Abrasive 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 Equipment
      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 Synthetic Abrasive Market Size and Volume Forecast by Type
      13.7.1. Bonded Abrasive
      13.7.2. Coated Abrasive
      13.7.3. Super Abrasive
   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 Synthetic Abrasive Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Synthetic Abrasive Market: Market Share Analysis
   14.2. Synthetic Abrasive Distributors and Customers
   14.3. Synthetic Abrasive Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Robert Bosch GMBH (Germany)
         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 Company (US)
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. E.I. Du Pont De Nemours and Co. (US)
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Saint-Gobain S.A. (France)
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Fujimi Incorporated (Japan)
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Henkel AG & CO. KGAA (Germany)
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Tyrolit Group (Austria)
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Asahi Diamond Industrial Co., LTD (Japan)
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. COMPANY9
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. COMPANY 10
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. COMPANY 11
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. COMPANY 12
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. COMPANY 13
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. COMPANY 14
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. COMPANY 15
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. COMPANY 16
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         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

Our Trusted Clients

Contact Us