The increasing demand for abrasives for grinding and polishing applications in various end-user industries is driving the global abrasives disk market.
Covid-19 Impact & Market Status
The global impact covid-19 had a significant impact on the global abrasives disk market in 2020. It caused stock market volatility, declining business confidence, growing population panic, and uncertainty about the future. The outbreak of COVID19 affected many aspects, including travel ban and quarantine.
The report gives a better understanding of the key drivers and constraints in the market and their impact on the global market. Learn about the market strategies adopted by major organizations. The report focuses on the global abrasives disk market with development forecast 2022-2029 in the world.
The report includes global and regional market conditions and outlook 2022-2029. In addition, the report provides details of each region and country covered in the report. The report discusses the production, consumption, import / export, sales volume and sales forecast.
The report covers majority segments of the global abrasives disk market, including its product specifications by each key player, volume, sales by Volume and Value (Bn USD). This includes industry, major players / suppliers around the world, and regional market share such as launches and locations of companies and products. In the market, market status and development trends by type and application, providing price and profit status, marketing status, market growth drivers, and base year 2020 challenges.
Asia Pacific is the fastest-growing market
Due to its rising economic expansion, Asia Pacific is the fastest-growing market for abrasives. thanks to the region's significant expansion in industries including automotive, manufacturing, and metal fabrication the expansion of this area is aided by rising industrial product consumption and production in growing economies such as India and China. A boost in disposable income, particularly in emerging nations, has resulted in a surge in passenger and commercial vehicle demand. As a result, the increased demand for vehicles is projected to fuel the abrasives market's development prospects in the approaching years. During the projection period, an increase in the sales of electronic devices is expected to drive demand for coated abrasives in the electronics sector, particularly in the automotive industry.
Increasing Demand for Abrasive Disk in Automotive Industry
The worldwide automotive, metal fabrication, and equipment industries have all seen growth in the abrasives market. The need for new machinery has expanded dramatically because of rising urbanisation and industrialization throughout the world, which has helped the global abrasives market recover from the economic slump that occurred between 2007 and 2009. The global economy's revival will also enhance demand in this area.
Owing to benefits such as best grinding and finishing performance, good heat resistance and thermal stability, high temperature curing, good thermal conductivity, high bond strength, good impact resistance, the abrasives disk are experiencing rapid adoption thus fostering progress in global abrasives disk market.
The factors such as growing application of abrasives in construction, increasing demand for abrasives in automotive industry is driving the global abrasive disk market.
Advantages such as inexpensive, faster cleaning of surfaces, efficient removal of undesirable contaminants, precision metal cutting encourage further adoption of abrasives disk. These factors collectively influence thumping growth of global abrasives disk market estimated to reach close to a CAGR of 5.66 percent from 2022 to 2029 and reach to USD 67.11 billion by 2029.
Abrasive discs are coated abrasives that have fine ore abrasive grains attached to a consistent thickness base material. It can manufacture a consistent surface.
Abrasive sanding discs are made from abrasive granules bonded to a cloth, fibre, film, paper, non-woven, or other material backing.
Abrasive discs are a necessary component for every fixed or portable equipment that allows us to cut, roughen, or sand any material using friction. Its design, shape, and content will vary depending on the intended application. In general, it is made up of crushed abrasive grains that are bound together with a binding agent and anchored and attached to a support material. Natural or manufactured aluminium oxide, silicon carbide, zirconium, ceramic, or diamond can be used to make these grains. Abrasive discs are widely used in the secondary steel industry, from shipbuilding through the manufacture of domestic goods, automobile and construction components, specific profiles, pipelines, and electrical appliances, to equipment maintenance and repair.
In the metal industry, cutting is one of the most common processes. Cutting using an abrasive disc is the most popular, adaptable, pleasant, and cost-effective method. The thickness of the cutting disc, the thickness of the material to be cut, the substrate to be cut, the machine's power, the pressure exerted, and the heat provided are the primary aspects to consider in this operation. Based on the material used to make them, there are two sorts of discs:
The most prevalent materials are aluminum oxide, silicon carbide, or a mixture of aluminum oxide and zirconium. They're great for dealing with a variety of materials, including soft, hard, and semi-hard. Steel, cast iron, porcelain, and copper are all cut, roughed, and polished using them.
However, high power consumption, high wear, equipment non-resistant high volumes of abrasive, poor machining accuracy, higher purchase cost, lower cleaning rates are some key factors limiting the use of abrasives disk thereby reducing the market demand. These factors are hampering the growth of global abrasives disk market.
Furthermore, the growing application of abrasives in construction, increasing demand for abrasives in automotive industry and other end-use verticals and its operational advantages is anticipated to be a growth opportunity to the global abrasives disk market.
The major players in global abrasives disk market are Saint-Gobain, Tyrolit, Zhuhai Elephant, WINKING, Shengsen Abrasive, and others. These top five manufacturers in the world have a market share of more than 35%.
To increase the performance of grinding discs, manufacturers are investing in research to identify chemical and physical properties of abrasive grains. The stability of grinding discs is being increased, and their thickness is being lowered. These are two frequent advancements among grinding discs manufacturers. Most market participants manufacture grinding discs that can work efficiently and uniformly in high-speed grinding applications.
To improve the service life of grinding discs, manufacturers are hardening the peripheral wear surface area using different processes such as heat treatment or coating with compressive residual stresses. Manufacturers are concentrating their efforts on investing in research and development to improve different aspects of grinding discs and, as a result, obtain a competitive advantage in the abrasives disk market.
Latest Innovation in the Global Abrasives Disk Market: A Snapshot
- Saint-Gobain Abrasives and Detroit Speed (US), a maker of high-quality automotive components systems and a builder of vintage custom automobiles, announced a new alliance in February 2016. Saint-Gobain Abrasives hopes to offer Norton brand abrasives to Detroit Speed for refinishing purposes as part of the cooperation. In addition, at all exhibits and events, the Norton brand will be displayed, promoted, and sold in Detroit Speed booths.
Abrasive Disk Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 67.11 billion|
|Growth Rate||CAGR of 5.66 % during 2021-2028|
|Segment Covered||Type, Raw Material, End User, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Saint-Gobain, Tyrolit, Zhuhai Elephant, WINKING, Shengsen Abrasive, and others.|
Key Segments of the Global Abrasives Disk Market
Type Overview, 2022-2029 (USD Billion)
- Aluminium Oxide
- Silicon Carbide
Raw Material Overview, 2022-2029 (USD Billion)
End User Overview, 2022-2029 (USD Billion)
- Metal Fabrication
- Electrical & Electronics equipment
Regional Overview, 2022-2029 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa