Reports
Global Abrasives Market: By Raw Material: Natural Abrasives, Synthetic Abrasives; By Type: Bonded Abrasives, Coated Abrasives, Super Abrasives; By Application: Grinding, Others; By End User Industry; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Abrasives Market Outlook
The global abrasives market stood at a value of around USD 45.2 billion in 2021. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 4.90% to reach USD 60.1 billion by 2027.
Super Abrasives Segment Based on Type Holds a Significant Share in the Global Abrasives Industry
Super abrasives possess extraordinary hardness, unparalleled performance, and longevity, which has significantly enhanced their demand in industries such as aerospace, automotive, medical, and electronics, among others.
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Super abrasive grinding wheels offer significant advantages when utilised in industrial applications such as low cost of tooling and fixturing, smaller and more wheels on the spindle, less requirement of floor space for manufacturing, consistent surface speed, and high rate of material removal, among others. In addition to this, the growing investments in research and development of super abrasives, such as in areas involving high-speed, high-performance grinding of hardened steel, are expected to aid the market growth over the forecast period.
The Asia Pacific Accounts for a Significant Share in the Abrasives Industry
The abrasives industry in the Asia Pacific is driven by the rapid urbanisation, growing infrastructural development, and favourable policies in the region for trading activities. The growing research activities to enhance the use of abrasives in end use industries including construction, aerospace, and automotive, among others is anticipated to boost the market growth in the forecast period. Moreover, the development of synthetic abrasives to meet the rising demand for the product is likely to be another major factor for the market growth in the region.
Abrasives: Market Segmentation
Abrasives are defined as hard and rough substances or materials used in a wide range of industrial or domestic applications to shape, clean, or finish a workpiece through rubbing. The high strength and toughness of abrasive materials make them ideal for cleaning hard surfaces.
Based on raw material, the market can be segmented into:
- Natural Abrasives
- Synthetic Abrasives
Synthetic abrasives can further be divided based on type into metallic abrasives, aluminium oxide, and silicon carbide, among others.
The different types of abrasives include:
- Bonded Abrasives
- Coated Abrasives
- Super Abrasives
The significant applications of abrasives are as follows:
- Grinding
- Cutting
- Polishing
- Drilling
- Others
The segmentation of the market based on end user industry is as follows:
- Metal Manufacturing
- Electronics
- Construction
- Automotive
- Aerospace
- Medical
- Oil and Gas
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Rising Application of Abrasives in the Metal Manufacturing Sector to Boost the Growth of the Abrasives Industry
The rising application of abrasives in the metal manufacturing industry is driving the market growth. Abrasive is an ideal component for the grinding, drilling, and cutting of metals in order to procure light sheet metals, metal components, and metal casework, among others. The global increase in the demand for metal owing to the expansion of various end use industries including the automotive, construction, electronics, and aerospace, among others, is anticipated to augment the market growth. Additionally, the increasing demand for high-end equipment in the medical, automotive, and construction industries, among others to facilitate precise industrial operations is anticipated to propel the demand for abrasives in the forecast period.
Key Industry Players in the Global Abrasives Market
The report gives a detailed analysis of the following key players in the global abrasives market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- 3M
- ARC ABRASIVES, INC.
- Abrasive Technology
- Fujimi Incorporated.
- Saint-Gobain
- Pan Abrasives
- Robert Bosch Power Tools GmbH
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Raw Material, Type, Application, End User Industry, Region |
| Breakup by Raw Material | Natural Abrasives, Synthetic Abrasives |
| Breakup by Type | Bonded Abrasives, Coated Abrasives, Super Abrasives |
| Breakup by Application | Grinding, Cutting, Polishing, Drilling, Others |
| Breakup by End User Industry | Metal Manufacturing, Electronics, Construction, Automotive, Aerospace, Medical, Oil and Gas, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | 3M, ARC ABRASIVES, INC., Abrasive Technology, Fujimi Incorporated., Saint-Gobain, Pan Abrasives, Robert Bosch Power Tools GmbH, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Abrasives Market Analysis
8.1 Key Industry Highlights
8.2 Global Abrasives Historical Market (2018-2022)
8.3 Global Abrasives Market Forecast (2023-2028)
8.4 Global Abrasives Market by Raw Material
8.4.1 Natural Abrasives
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Synthetic Abrasives
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.2.4 Breakup by Type
8.4.2.4.1 Metallic Abrasives
8.4.2.4.1.1 Market Share
8.4.2.4.1.2 Historical Trend (2018-2022)
8.4.2.4.1.3 Forecast Trend (2023-2028)
8.4.2.4.2 Aluminium Oxide
8.4.2.4.2.1 Market Share
8.4.2.4.2.2 Historical Trend (2018-2022)
8.4.2.4.2.3 Forecast Trend (2023-2028)
8.4.2.4.3 Silicon Carbide
8.4.2.4.3.1 Market Share
8.4.2.4.3.2 Historical Trend (2018-2022)
8.4.2.4.3.3 Forecast Trend (2023-2028)
8.4.2.4.4 Others
8.5 Global Abrasives Market by Type
8.5.1 Bonded Abrasives
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Coated Abrasives
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Super Abrasives
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.6 Global Abrasives Market by Application
8.6.1 Grinding
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Cutting
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Polishing
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Drilling
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Others
8.7 Global Abrasives Market by End User Industry
8.7.1 Metal Manufacturing
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Electronics
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Construction
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Automotive
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Aerospace
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
8.7.6 Medical
8.7.6.1 Market Share
8.7.6.2 Historical Trend (2018-2022)
8.7.6.3 Forecast Trend (2023-2028)
8.7.7 Oil and Gas
8.7.7.1 Market Share
8.7.7.2 Historical Trend (2018-2022)
8.7.7.3 Forecast Trend (2023-2028)
8.7.8 Others
8.8 Global Abrasives Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
9 North America Abrasives Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Abrasives Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Abrasives Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Abrasives Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Abrasives Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 3M
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 ARC ABRASIVES, INC.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Abrasive Technology
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Fujimi Incorporated.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Saint-Gobain
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Pan Abrasives
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Robert Bosch Power Tools GmbH
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Abrasives Market: Key Industry Highlights, 2018 and 2028
2. Global Abrasives Historical Market: Breakup by Raw Material (USD Billion), 2018-2022
3. Global Abrasives Market Forecast: Breakup by Raw Material (USD Billion), 2023-2028
4. Global Abrasives Historical Market: Breakup by Abrasive Material Type (USD Billion), 2018-2022
5. Global Abrasives Market Forecast: Breakup by Abrasive Material Type (USD Billion), 2023-2028
6. Global Abrasives Historical Market: Breakup by Type (USD Billion), 2018-2022
7. Global Abrasives Market Forecast: Breakup by Type (USD Billion), 2023-2028
8. Global Abrasives Historical Market: Breakup by Application (USD Billion), 2018-2022
9. Global Abrasives Market Forecast: Breakup by Application (USD Billion), 2023-2028
10. Global Abrasives Historical Market: Breakup by End-user Industry (USD Billion), 2018-2022
11. Global Abrasives Market Forecast: Breakup by End-user Industry (USD Billion), 2023-2028
12. Global Abrasives Historical Market: Breakup by Region (USD Billion), 2018-2022
13. Global Abrasives Market Forecast: Breakup by Region (USD Billion), 2023-2028
14. North America Abrasives Historical Market: Breakup by Country (USD Billion), 2018-2022
15. North America Abrasives Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Europe Abrasives Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Europe Abrasives Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Asia Pacific Abrasives Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Asia Pacific Abrasives Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Latin America Abrasives Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Latin America Abrasives Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. Middle East and Africa Abrasives Historical Market: Breakup by Country (USD Billion), 2018-2022
23. Middle East and Africa Abrasives Market Forecast: Breakup by Country (USD Billion), 2023-2028
24. Global Abrasives Market Structure
Key Questions Answered in the Report
In 2021, the global abrasives market attained a value of nearly USD 45.2 billion.
The market is estimated to grow at a CAGR of 4.90% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 60.1 billion by 2027.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the industry, such as the rising application of abrasives in various industries including automotive, construction, and aerospace, among others, growing urbanisation and industrialisation, increasing research and development activities related to super abrasives, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the growing mergers and acquisitions by the key market players, coupled with the technological advancements in the various end use industries.
Natural abrasives and synthetic abrasives are the significant segments based on the raw material.
Bonded abrasives, coated abrasives, and super abrasives are the major abrasive types in the market.
Grinding, cutting, polishing, and drilling, among others are the different applications of the product.
Metal manufacturing, electronics, construction, automotive, aerospace, medical, and oil and gas, among others are the major end user industries considered within the market report.
The major players in the industry are 3M, ARC ABRASIVES, INC., Abrasive Technology, Fujimi Incorporated., Saint-Gobain, Pan Abrasives, and Robert Bosch Power Tools GmbH, among others.
Analyst Review
The global abrasives market attained a value of USD 45.2 billion in 2021, driven by the thriving end user industries of the product. Aided by the technological advancements in the aerospace industry, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 4.90%. The market is projected to reach USD 60.1 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on raw material, the market is divided into natural abrasives and synthetic abrasives. Among these, the synthetic abrasives segment can be further divided based on type into metallic abrasives, aluminium oxide, and silicon carbide, among others. On the basis of type, the market is divided into bonded abrasives, coated abrasives, and super abrasives. The significant applications of the product include grinding, cutting, polishing, and drilling, among others. The market segmentation based on end user industry includes metal manufacturing, electronics, construction, automotive, aerospace, medical, and oil and gas, among others. The major regional markets for abrasives are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include 3M, ARC ABRASIVES, INC., Abrasive Technology, Fujimi Incorporated., Saint-Gobain, Pan Abrasives, and Robert Bosch Power Tools GmbH, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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