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.
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:
- 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)
Highlights of The Synthetic 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:
- Bonded Abrasive
- Coated Abrasive
- Super 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 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
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- 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?
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