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Abrasives Market: By Raw Material, By Product Type, By End-User Industry, and Geography
Abrasives Market: By Raw Material, By Product Type, By End-User Industry, and Geography
Abrasives market is poised to grow at a CAGR of 5.2% over 2024-2030. An abrasive is a substance, frequently a mineral, that is used to shape or finish a workpiece by friction-induced wear and tear on a portion of the workpiece to abrasively cut, polish, shape, and grind other substances. The increased demand for abrasives by the industrial manufacturing and construction sectors for applications like grinding, cutting, shaping, and finishing materials such as metal, concrete, stone, and wood is expected to drive the market. Moreover, the continuous technological advancement in abrasive manufacturing processes, such as superabrasive materials has led to an increase in opportunities for scientists and manufacturers for market development. For instance, in November 2022, IIT Madras developed new-generation multi-point/single-layer superabrasive tools for advanced grinding applications to meet high productivity and energy-efficient material removal requirements. Furthermore, investment in various construction and infrastructure industries by the government along with the introduction of policies also propels the market growth. For instance, the Indian Government launched the “Smart Cities Mission” in 2015 to provide core infrastructure and, a clean and sustainable environment that has led to massive abrasive market expansion in that region. Additionally, the integration of digital technologies, automation, and data analytics into the manufacturing processes of abrasives has been in trend in the market. But the abrasive processes pose health hazards to workers owing to significant waste, dust, fumes, and emissions are bottlenecks of the market. However, the growth in manufacturing and processing industries, increased investments by companies and government, urbanization, and industrialization are anticipated to increase the market growth over the forecasted period.
Study Period
2024-2030Base Year
2023CAGR
5.20%Largest Market
North AmericaFastest Growing Market
Asia Pacific
The market is expected to rise owing to the wide use of coated abrasives in various industrial sectors. Sandpaper, belts, discs, and sheets made of coated abrasives are made by bonding abrasive compounds to a flexible backing material, such as paper, cloth, or film. When precise sanding, grinding, and finishing are necessary, these items are frequently employed in a variety of industries and applications. For instance, In September 2018, Mirka launched two new abrasives with state-of-the-art coating technology- Iridium and Novastar for the automotive refinishing, wood and manufacturing industries, including marine and vehicle. Because of their flexibility, adaptability, and use, coated abrasives are preferred for both commercial and residential applications. Furthermore, coated abrasives are widely used in woodworking, automotive refinishing, metalworking, paint and coatings along with various DIY and home improvement projects.
The Asia Pacific dominates the market and is poised to grow at 5.8% CAGR over the forecast period owing to the region's growth in sectors including metal production, machinery, and the automobile industry. China’s construction sector contributed the largest share in the region’s heightened market. Furthermore, the market has expanded in this region by the rise in industrial product production and consumption in emerging markets like China and India. The demand for passenger and commercial vehicles is at an all-time high due to an increase in disposable income, particularly in developing nations. As a result, it is anticipated that in the years to come, this increased demand for cars will indirectly fuel the market for abrasives. The rise in electronic device sales is projected to increase demand for coated abrasives in the electronic industry, particularly in the consumer goods sector.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market CAGR |
5.20% |
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By Raw Material |
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By Product Type |
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By End User |
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The continuous technological advancement in abrasive manufacturing processes, such as superabrasive materials has led to an increase in opportunities for scientists and manufacturers for market development.
The integration of digital technologies, automation, and data analytics into the manufacturing processes of abrasives has been in trend in the market.
3M, Krebs & Riedel, Asahi Diamond Industrial Co., Ltd., Robert Bosch GmbH Limited, Fujimi Incorporated, Deerfos, Carborundum Universal Limited (CUMI), Henkel AG & Co, KGaA, sia Abrasives Industries AG, Saint-Gobain, KWH Mirka, NORITAKE CO., LIMITED, NIPPON RESIBON CORPORATION, SAK ABRASIVES LIMITED, TYROLIT Group are a few companies operating in the abrasives market.
| 1.Executive Summary |
| 2.Global Abrasives Market Introduction |
| 2.1.Global Abrasives Market - Taxonomy |
| 2.2.Global Abrasives Market - Definitions |
| 2.2.1.Raw Material |
| 2.2.2.Product Type |
| 2.2.3.End User |
| 2.2.4.Region |
| 3.Global Abrasives Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Abrasives Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Abrasives Market By Raw Material, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Natural |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Synthetic |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6.Global Abrasives Market By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Coated abrasives |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Bonded abrasives |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Super abrasives |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Loose Abrasives |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7.Global Abrasives Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Automotive |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Machinery |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Aerospace |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Metal Fabrication |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Electrical & Electronics Equipment |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Construction |
| 7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 7.7. Others |
| 7.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.7.3. Market Opportunity Analysis |
| 8.Global Abrasives Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Abrasives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Raw Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Natural |
| 9.1.2.Synthetic |
| 9.2. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Coated abrasives |
| 9.2.2.Bonded abrasives |
| 9.2.3.Super abrasives |
| 9.2.4.Loose Abrasives |
| 9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Automotive |
| 9.3.2.Machinery |
| 9.3.3.Aerospace |
| 9.3.4.Metal Fabrication |
| 9.3.5.Electrical & Electronics Equipment |
| 9.3.6.Construction |
| 9.3.7.Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Abrasives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Raw Material Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Natural |
| 10.1.2.Synthetic |
| 10.2. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Coated abrasives |
| 10.2.2.Bonded abrasives |
| 10.2.3.Super abrasives |
| 10.2.4.Loose Abrasives |
| 10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Automotive |
| 10.3.2.Machinery |
| 10.3.3.Aerospace |
| 10.3.4.Metal Fabrication |
| 10.3.5.Electrical & Electronics Equipment |
| 10.3.6.Construction |
| 10.3.7.Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Abrasives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Raw Material Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Natural |
| 11.1.2.Synthetic |
| 11.2. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Coated abrasives |
| 11.2.2.Bonded abrasives |
| 11.2.3.Super abrasives |
| 11.2.4.Loose Abrasives |
| 11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Automotive |
| 11.3.2.Machinery |
| 11.3.3.Aerospace |
| 11.3.4.Metal Fabrication |
| 11.3.5.Electrical & Electronics Equipment |
| 11.3.6.Construction |
| 11.3.7.Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Abrasives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Raw Material Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Natural |
| 12.1.2.Synthetic |
| 12.2. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Coated abrasives |
| 12.2.2.Bonded abrasives |
| 12.2.3.Super abrasives |
| 12.2.4.Loose Abrasives |
| 12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Automotive |
| 12.3.2.Machinery |
| 12.3.3.Aerospace |
| 12.3.4.Metal Fabrication |
| 12.3.5.Electrical & Electronics Equipment |
| 12.3.6.Construction |
| 12.3.7.Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Abrasives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Raw Material Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Natural |
| 13.1.2.Synthetic |
| 13.2. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Coated abrasives |
| 13.2.2.Bonded abrasives |
| 13.2.3.Super abrasives |
| 13.2.4.Loose Abrasives |
| 13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Automotive |
| 13.3.2.Machinery |
| 13.3.3.Aerospace |
| 13.3.4.Metal Fabrication |
| 13.3.5.Electrical & Electronics Equipment |
| 13.3.6.Construction |
| 13.3.7.Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.3M |
| 14.2.2.Krebs & Riedel |
| 14.2.3.Asahi Diamond Industrial Co., Ltd. |
| 14.2.4.Robert Bosch GmbH Limited |
| 14.2.5.Fujimi Incorporated |
| 14.2.6.Deerfos |
| 14.2.7.Carborundum Universal Limited (CUMI) |
| 14.2.8.Henkel AG & Co, KGaA |
| 14.2.9.sia Abrasives Industries AG |
| 14.2.10.Saint-Gobain |
| 14.2.11.KWH Mirka |
| 14.2.12.NORITAKE CO., LIMITED |
| 14.2.13.NIPPON RESIBON CORPORATION |
| 14.2.14.SAK ABRASIVES LIMITED |
| 14.2.15.TYROLIT Group |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.