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 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
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Report Metric
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Details
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Forecast Period
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2024-2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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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
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Market Players Covered
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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.)
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Market Opportunities
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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.)
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