Chemical and Materials

Image

Global Abrasives Market – Industry Trends and Forecast to 2031

  • Chemical and Materials
  • Upcoming Report
  • Feb 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Abrasives Market, By Raw Materials (Natural and Synthetic), Type (Coated Abrasive, Bonded Abrasive, Super Abrasive, and Others), Product (Disc, Cups, Cylinder, and Others), Form (Block Form and Powdered Form), Application (Grinding, Cutting, Polishing, Drilling, Finishing, and Others), End- User (Automotive, Machinery, Aerospace and Defence, Metal Fabrication, Building and Construction, Medical Devices, Oil and Gas, Heavy Machinery, Cleaning and Maintenance, Electrical and Electronics, Consumer Goods, and Others) – Industry Trends and Forecast to 2031.

Abrasives Market

Abrasives Market Analysis and Size

The abrasives market comprises coated abrasives, such as 3M's sandpaper, offering versatility in surface sanding. Bonded abrasives, exemplified by Norton's grinding wheels, provide precision in cutting and grinding applications. Super Abrasives, such as diamond tools from Saint-Gobain, deliver high-performance solutions for demanding tasks. Each category plays a crucial role in catering to diverse industrial needs, contributing to the market's efficacy and functionality.

Data Bridge Market Research analyses that the global abrasives market is expected to reach USD 69,311.88 million by 2031, which was USD 45,854.37 million in 2023, registering a CAGR of 5.3% during the forecast period of 2024 to 2031. “Synthetic” segment dominates due to ease of manufacturing with properties equivalent to natural abrasives. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Abrasives Market Scope and Segmentation

Report Metric

Details

Forecast Period

2024-2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Raw Materials (Natural and Synthetic), Type (Coated Abrasive, Bonded Abrasive, Super Abrasive, and Others), Product (Disc, Cups, Cylinder, and Others), Form (Block Form and Powdered Form), Application (Grinding, Cutting, Polishing, Drilling, Finishing, and Others), End- User (Automotive, Machinery, Aerospace and Defence, Metal Fabrication, Building and Construction, Medical Devices, Oil and Gas, Heavy Machinery, Cleaning and Maintenance, Electrical and Electronics, Consumer Goods, and Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Saint-Gobain (France), 3M (U.S.), DuPont (U.S.), VSM AG (Germany), NORITAKE CO.,LIMITED (Japan), NIPPON RESIBON CORPORATION (Japan), Robert Bosch GmbH (Germany), Asahi Diamond Industrial Co., Ltd. (Japan), Fujimi Incorporated (Japan), WASHINGTON MILLS (U.S.), Henan DOMILL Abrasive Technology Co., Ltd (Russia), GMA Garnet Pty Ltd (Australia), Winoa (France), sia Abrasives Industries AG. (Switzerland), Sankyo-Rikagaku Co., Ltd. (Japan), Mirka Ltd. (Finland), Henkel AG & Co. KGaA (Germany), SAIT ABRASIVI S.p.A. (Italy), Radiac Abrasive (U.S.)

Market Opportunities

  • Customized Solutions for Industry-Specific Challenges
  • E-Commerce Channels Enhances Customer Convenience

Market Definition

Abrasives are hard materials used for grinding, cutting, polishing, or shaping other materials by wearing away particles through friction. Comprising various minerals such as aluminum oxide or silicon carbide, abrasives are crucial in manufacturing processes for smoothing surfaces, removing excess material, and achieving precise finishes in industries such as metalworking, woodworking, and automotive production.

Global Abrasives Market Dynamics

Drivers

  • Technological Advancements Enhances Efficiency in Manufacturing Processes

Continual advancements in abrasive materials drive improved performance, efficiency, and application versatility across industries. Innovations in abrasives result in enhanced cutting, grinding, and polishing capabilities, leading to more precise and effective manufacturing processes. These ongoing developments contribute to increased productivity and the ability to address diverse material challenges in various applications.

  • Enhancing Manufacturing and Construction Processes Globally

The surge in manufacturing and construction in emerging markets, spurred by globalization, fuels a rising demand for abrasives. As these markets expand, the need for efficient material processing intensifies, driving the adoption of advanced abrasive technologies. Abrasives play a crucial role in optimizing manufacturing and construction processes, ensuring precision and durability. This increased demand underscores the integral role abrasives play in facilitating the growth and development of industries within the context of global economic integration.

Opportunities

  • Customized Solutions for Industry-Specific Challenges

Customized abrasive solutions cater to the unique requirements of diverse industries, optimizing performance in specific applications. Tailoring abrasives for niche markets, such as aerospace, medical devices, or electronics, allows manufacturers to address specialized needs effectively. This not only enhances efficiency and precision in material processing but also fosters innovation in response to industry-specific challenges, creating opportunities for companies to establish themselves as key suppliers in these specialized and growing segments.

  • E-Commerce Channels Enhances Customer Convenience

E-commerce channels have become pivotal in the abrasives market, providing convenient access to a diverse range of products. This trend opens up new distribution channels, allowing manufacturers to reach a broader audience and expand their market presence. The ease of online transactions and the ability to highlight a wide array of abrasives enhance customer convenience, fostering a competitive edge for businesses that leverage e-commerce platforms for marketing and sales in the abrasives industry.

Restraints/ Challenge

  • Skill Gaps Impede Adopting New Technologies

A shortage of trained workers limits the industry's ability to leverage advanced abrasive solutions, potentially slowing down innovation and efficiency improvements. This, in turn, can impede market growth as companies face obstacles in fully capitalizing on technological advancements, impacting productivity and competitiveness within the industry.

  • Product Standardization Limits Innovation and Differentiation

Conforming to standardized norms restricts companies from introducing unique features or specialized products, challenging their ability to distinguish themselves in the market. This limitation hampers market growth by impeding the development of cutting-edge solutions and hindering companies from meeting diverse customer needs, potentially resulting in a less dynamic and competitive market environment.

This global abrasives market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global abrasives market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

  • In October 2023, Tyrolit Group strategically acquired Acme Holding Company, a Michigan-based abrasives manufacturer, expanding its grinding solutions portfolio. This move establishes the seventh facility for Tyrolit in the U.S., enhancing the company's presence in critical industries such as foundry, steel, and rail. The acquisition positions Tyrolit to offer specialized abrasives solutions and strengthen its market influence
  • In October 2023, Saint-Gobain announced a strategic partnership with Dedeco Abrasive Products, focusing on marketing Dedeco's sunburst abrasive line. This collaboration complements Saint-Gobain's overarching objective of providing comprehensive abrasive solutions. By leveraging Dedeco's specialty abrasives, Saint-Gobain aims to enhance its product offerings and maintain a prominent position in the abrasives market
  • In May 2023, Sak Abrasives Limited acquired Jowitt & Rodgers Co. in Philadelphia, USA, broadening its product range with the addition of resin-bonded grinding wheels, discs, and segments. This strategic move enhances Sak Abrasives' capabilities, providing a more diverse offering and strengthening its position in the abrasives market through targeted product portfolio expansion
  • In August 2022, Tyrolit acquired over 75% of the Egeli Egesan Group, emphasizing its commitment to strengthening its position in the Middle East's abrasive market. This strategic move allows Tyrolit to utilize its resources and expertise to expand market share, fostering sustainable growth and establishing a more significant presence in the region
  • In February 2020, GMA Garnet Pty Ltd displayed its corrosion-resistant abrasives at the "Corrosion 2020" event in Texas. The exposure of their innovative products on various surfaces is expected to bolster market share and drive sales for GMA Garnet Pty Ltd, as it highlights the efficacy of their abrasives in corrosion prevention and surface treatment applications

Global Abrasives Market Scope

The global abrasives market is segmented on the basis of raw materials, type, product, form, application, and end- user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Raw Materials

  • Natural
  • Synthetic

 Type

  • Coated Abrasive
  • Bonded Abrasive
  • Super Abrasive
  • Others

Product

  • Disc
  • Cups
  • Cylinder
  • Others

 Form

  • Block Form
  • Powdered Form

Application

  • Grinding
  • Cutting
  • Polishing
  • Drilling
  • Finishing
  • Others

 End- User

  • Automotive
  • Machinery
  • Aerospace and Defence
  • Metal Fabrication
  • Building and Construction
  • Medical Devices
  • Oil and Gas
  • Heavy Machinery
  • Cleaning and Maintenance
  • Electrical and Electronics
  • Consumer Goods
  • Others

Global Abrasives Market Regional Analysis/Insights

The global abrasives market is analyzed and market size insights and trends are provided by raw materials, type, product, form, application, and end- user as referenced above.

The countries covered in the global abrasives market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

In North America, The U.S. dominates the abrasives market due to abundant synthetic raw materials, offering a diverse range of shapes and sizes. This availability enhances manufacturing capabilities, driving the country's dominance in providing versatile and effective abrasive solutions within the region.

In Europe, Germany dominates the abrasives market, fueled by increasing awareness of the advantages of both natural and synthetic raw materials. This heightened understanding drives demand for a variety of abrasives, solidifying Germany's leadership in providing comprehensive and sought-after abrasive solutions within the region.

In Asia-Pacific, China dominates the abrasives market due to surging demand for efficient drilling and cutting applications. Enhanced synthetic raw materials contribute to increased efficiency and tool life, creating substantial growth opportunities for the region and positioning China as a dominant force in the Asia-Pacific abrasives sector.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.    

Competitive Landscape and Global Abrasives Market Share Analysis

The global abrasives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global abrasives market.

Some of the major players operating in the global abrasives market are:

  • Saint-Gobain (France)
  • 3M (U.S.)
  • DuPont (U.S.)
  • VSM AG (Germany)
  • NORITAKE CO.,LIMITED (Japan)
  • NIPPON RESIBON CORPORATION (Japan)
  • Robert Bosch GmbH (Germany)
  • Asahi Diamond Industrial Co., Ltd. (Japan)
  • Fujimi Incorporated (Japan)
  • WASHINGTON MILLS (U.S.)
  • Henan DOMILL Abrasive Technology Co., Ltd (Russia)
  • GMA Garnet Pty Ltd (Australia)
  • Winoa (France)
  • sia Abrasives Industries AG. (Switzerland)
  • Sankyo-Rikagaku Co., Ltd. (Japan)
  • Mirka Ltd. (Finland)
  • Henkel AG & Co. KGaA (Germany)
  • SAIT ABRASIVI S.p.A. (Italy)
  • Radiac Abrasive (U.S.)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

FREQUENTLY ASK QUESTIONS

The abrasives market size will be worth USD 69,311.88 million by 2031.
The growth rate of the abrasives market is 5.3% during the forecast period by 2031.
Technological advancements enhance efficiency in manufacturing processes & enhancing manufacturing and construction processes globally are the growth drivers of the abrasives market.
Raw materials, type, product, form, application, and end-user are the factors on which the abrasives market research is based.
Saint-Gobain (France), 3M (U.S.), DuPont (U.S.), VSM AG (Germany), NORITAKE CO.,LIMITED (Japan), NIPPON RESIBON CORPORATION (Japan), Robert Bosch GmbH (Germany), Asahi Diamond Industrial Co., Ltd. (Japan), Fujimi Incorporated (Japan), WASHINGTON MILLS (U.S.), Henan DOMILL Abrasive Technology Co., Ltd (Russia), GMA Garnet Pty Ltd (Australia), Winoa (France), sia Abrasives Industries AG. (Switzerland), Sankyo-Rikagaku Co., Ltd. (Japan), Mirka Ltd. (Finland), Henkel AG & Co. KGaA (Germany), SAIT ABRASIVI S.p.A. (Italy), Radiac Abrasive (U.S.).
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials