Abrasives are the materials used for cleaning, polishing, and grinding the surface. It helps in providing surface finish and appropriate shape to the material. Abrasives are composed of mineral like types which comprise of different shape and sizes. The abrasive materials are manufactured from of two types of materials, including natural abrasives and synthetic abrasives. The natural abrasives include diamond, garnet, corundum, pumice, and emery, whereas synthetic material comprise synthetic diamond, alumina, and silicon carbide. The abrasives material is deployed for cleaning purpose depending on the characteristics of an abrasive material and surface.
The global Abrasives market is projected to reach US$ 97.7 Bn by 2031, growing at a CAGR of 5.5%
.jpg "The Global Abrasives Market 2021-2031(USD Billion)")
Bonded abrasives are adhered to a matrix through a binder. Abrasives are composed of rubber, resin or glass, clay, and the abrasives are attached to a backing material, including cloth, paper, polyester, metal or resin. These materials are used across multiple industries including metal fabrication, transportation, electronic equipment, and machinery. It is used for tumbling metal cleaning, media, grinding, tool sharpening, and cutting wheels along with high-end industrial application such as paint stripping, de-burring, and blast cleaning.
Rising abrasives demand from the automobile industry is proliferating the industry growth. Increasing income level leading to growing adoption along with extensive promotion of electric vehicle is augmenting the product demand. It plays a critical role in manufacturing automobile tools and components to modify operating parameters including limiting the carbon emission, along with reducing the noise levels. Furthermore, the growing adoption of high priced vehicle which comprises of high quality material, which is attained through improved abrasive material is stimulating the industry growth.
Abrasives Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2031 |
| Study Period | 2018-2031 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2031 | US$ 97.7 Bn |
| Growth Rate | CAGR of 5.5% during 2021-2031 |
| Segment Covered | Product, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Saint Gobain SA, 3M, DuPont, TYROLIT, Henkel AG & Co. KGaA, Abrasive Technology Inc., Allied High Tech Products Inc., Almatis GmbH, ARC Abrasives Inc. |
Key Segment Of The Abrasives Market
By Product (USD Billion)
• Bonded Abrasives
• Coated Abrasives
• Raw Super Abrasives
• Steel Abrasives
• Loose Abrasive Grains
• Others (including Nonwoven Abrasives
End User, (USD Billion)
• Machinery
• Electrical & Electronic Equipment
• Transportation
• Metal Fabrication
• Others (including Construction, Medical Devices, Power Generation, and Cleaning & Maintenance
Regional Overview, (USD Billion)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
The market value of abrasives market in 20 31was US$ 97.7 Bn.
The Global abrasives Market is Segmented on the basis of Material, End Users, Type, Regional.
The top companies that hold the market share in abrasives market are Saint Gobain SA, 3M, DuPont, TYROLIT, Henkel AG & Co. KGaA, Abrasive Technology Inc., Allied High Tech Products Inc., Almatis GmbH, ARC Abrasives Inc.
To get latest version of abrasives market report can be obtained on demand from the website.
Ongoing development across the construction sector along with rising industrialization is driving the industry upsurge. Ongoing establishment of commercial complexes, apartments which require a high finish over the window, walls, and doors is augmenting the product demand. Furthermore, ongoing evolution across the manufacturing sector has compelled industry players to improve the precision tooling, and high strength material, which is used to manufacture smaller components in turn is stimulating the business landscape.
The rising demand for the consumer goods comprising high quality material and improved surface finish is escalating the product demand. Although, stringent regulations related to the utilization of abrasive material along with volatility associated with the price of the material is hampering the industry growth. However, increasing focus toward developing improved material with improved capabilities and reduced cost id complementing the business outlook.
Material Segment
On the basis of the material segment, the market is categorized into natural and synthetic segment. Synthetic abrasives dominate the global abrasives market in 2018 and natural abrasives is anticipated to gain significant growth for the forecast period 2019-2025.
End Use Segment
Abrasives market is segmented into electrical & electronics, automotive, machinery, metal fabrication, and others on the basis of end use. In this segment, automotive segment is anticipated to hold a major share in the coming years.
Type Segment
Based on type, the segment is divided into superabrasive, bonded, coated, and others. The bonded segment is analyzed to hold a significant share across the regions over the forecast timeline.
-2018-2025-(USD-Billion).png "Global Abrasives Market by Type (Bonded) 2018-2025 (USD Billion)")
Asia Pacific accounted for the major regional share and is expected to follow a similar trend in the coming years. The ongoing proliferation across various industries including automotive, electronics, and metal fabrication, is stimulating the regional share. Further rising suburban migration leading to robust demand for flat and apartments along with the ongoing establishment of corporate offices and commercial complexes is boosting the product demand.
The major players operating across the global Abrasives market include Robert Bosch, 3M, DuPont, Saint-Gobain, Fujimi Incorporated, Henkel, Tyrolit Group, Asahi Diamond Industrial Co., Ltd., and Deerfos Co., Ltd, including others. The industry for abrasives is integrated with the participation of established global players across the globe. In addition, these companies are focusing on expanding their footprint through implementation of inorganic as well as organic strategies which in turn is proliferating the business outlook.