The global abrasives market size is expected to reach USD 52.59 billion by 2030, expanding at a CAGR of 4.7% over the forecast period. The market is expected to be driven by the rising growth in the metal fabrication industry on account of demand from the end-use sectors, such as automotive, aerospace, agriculture, and medical. Abrasives are tools used for shaping and providing a smooth finish to the surface of the product.
Based on product, the market has been segmented into coated, bonded, and others. The coated segment is anticipated to register the fastest growth rate over the forecast period on account of the increasing application of coated materials in metalworking, where products, such as sandpaper, are used for deburring. China held the largest share of the global market in 2020. The country leads in terms of production as well to cater to domestic demand, as it is also a huge manufacturing hub.
According to the USGS statistics, China was the largest producer of fused aluminum oxide and silicon carbide abrasives in 2019. Rising production in China has compelled other players in the value chain to expand their manufacturing capacities. For instance, in August 2020, Ahlstrom-Munksjö announced to make further investments in its Binzhou plant for producing abrasive backing paper. This investment aims at strengthening the company’s position as a leading producer for abrasive backings across the globe.
Despite the positive market outlook for the future, the market growth plummeted in 2020 on account of the Covid-19 pandemic. Several companies witnessed losses in 2020 as the manufacturing operations were suspended, which impacted both product manufacturing and consumption. For example, Grindwell Norton Ltd.’s abrasives division reported a drop in sales due to a decline in industrial activity and lockdown in the first quarter of 2020.
Abrasives Market Report Highlights
- The bonded products segment held the largest revenue share of over 43% in 2022 owing to increasing demand for these products from numerous industries including steel, automotive, cutting tools, food processing, and general engineering, among others
- The automotive & transportation application dominated the market with a share of more than 35% in 2022 and will retain the leading position throughout the forecast years
- The growth of this application segment can be attributed to the increasing production of Electric Vehicles (EVs) and the rising number of their charging stations
- Metal fabrication is anticipated to register the fastest CAGR during the forecast period. Metal fabricators look for high-performance abrasive discs and finishing materials to reduce the downtime of fabrication operations
- Asia Pacific is anticipated to register the fastest growth rate of 5.2% over the forecast period on account of rapid growth in the manufacturing sector in the developing economies, such as India, China, and South Korea
Table of Contents
Chapter 1. Methodology and Scope1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Information Analysis
1.3.2. Data Analysis Models
1.3.3. Market Formulation & Data Visualization
1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
3.1. Market Lineage Outlook
3.1.1. Global Abrasives Market
3.2. Industry Value Chain Analysis
3.2.1. Raw Material Trends
3.3. Manufacturing Trends & Technology Overview
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Market Challenges
3.6. Porter’s Five Forces Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of Substitution
3.6.4. Threat of New Entrants
3.6.5. Competitive Rivalry
3.7. PESTLE Analysis
3.7.1. Political
3.7.2. Economic
3.7.3. Social Landscape
3.7.4. Technology
3.7.5. Environmental
3.7.6. Legal
Chapter 4. Abrasives Market: Product Estimates & Trend Analysis
4.1. Abrasives Market: Product Movement Analysis, 2022 & 2030
4.2. Coated
4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.3. Bonded
4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.4. Others
4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Abrasives Market: Application Estimates & Trend Analysis
5.1. Abrasives Market: Application Movement Analysis, 2022 & 2030
5.2. Automotive & Transportation
5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.3. Heavy Machinery
5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.4. Metal Fabrication
5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.5. Electrical & Electronics Equipment
5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.6. Others
5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. Abrasives Market: Regional Estimates & Trend Analysis
6.1. Regional Analysis, 2022 & 2030
6.2. North America
6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.2.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.2.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.2.4. U.S.
6.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.2.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.2.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.2.5. Canada
6.2.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.2.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.2.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.2.6. Mexico
6.2.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.2.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.2.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.3. Europe
6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.3.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.3.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.3.4. Germany
6.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.3.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.3.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.3.5. UK
6.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.3.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.3.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.3.6. France
6.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.3.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.3.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.3.7. Italy
6.3.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.3.7.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.3.7.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.3.8. Russia
6.3.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.3.8.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.3.8.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.4. Asia Pacific
6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.4.4. China
6.4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.4.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.4.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.4.5. India
6.4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.4.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.4.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.4.6. Japan
6.4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.4.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.4.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.4.7. Australia
6.4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.4.7.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.4.7.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.5. Central & South America
6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.5.4. Brazil
6.5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.5.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.5.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.6. Middle East & Africa
6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Company Categorization
7.3. Company Ranking
7.4. Heat Map Analysis
7.5. Vendor Landscape
7.5.1. List of raw material supplier, key manufacturers, and distributors
7.5.2. List of prospective end-users
7.6. Strategy Mapping
7.7. Company Profiles/Listing
7.7.1. 3M
7.7.1.1. Company Overview
7.7.1.2. Financial Performance
7.7.1.3. Product Benchmarking
7.7.2. Asahi Diamond Industrial Co., Ltd.
7.7.2.1. Company Overview
7.7.2.2. Financial Performance
7.7.2.3. Product Benchmarking
7.7.3. Bosch Limited
7.7.3.1. Company Overview
7.7.3.2. Financial Performance
7.7.3.3. Product Benchmarking
7.7.4. CUMI.
7.7.4.1. Company Overview
7.7.4.2. Financial Performance
7.7.4.3. Product Benchmarking
7.7.5. Deerfos
7.7.5.1. Company Overview
7.7.5.2. Financial Performance
7.7.5.3. Product Benchmarking
7.7.6. Henkel AG & Co. KGaA
7.7.6.1. Company Overview
7.7.6.2. Financial Performance
7.7.6.3. Product Benchmarking
7.7.7. SAK ABRASIVES LIMITED
7.7.7.1. Company Overview
7.7.7.2. Product Benchmarking
7.7.8. Saint-Gobain
7.7.8.1. Company Overview
7.7.8.2. Financial Performance
7.7.8.3. Product Benchmarking
7.7.9. sia Abrasives Industries AG
7.7.9.1. Company Overview
7.7.9.2. Financial Performance
7.7.9.3. Product Benchmarking
7.7.10. TYROLIT Group
7.7.10.1. Company Overview
7.7.10.2. Product Benchmarking
List of Tables
Table 1 Abrasives market estimates & forecasts, 2018 - 2030 (USD Million)
Table 2 Abrasives market estimates & forecasts, by coated, 2018 - 2030 (USD Million)
Table 3 Abrasives market estimates & forecasts, by bonded, 2018 - 2030 (USD Million)
Table 4 Abrasives market estimates & forecasts, by others, 2018 - 2030 (USD Million)
Table 5 Abrasives market estimates & forecasts, by automotive & transportation, 2018 - 2030 (USD Million)
Table 6 Abrasives market estimates & forecasts, by heavy machinery, 2018 - 2030 (USD Million)
Table 7 Abrasives market estimates & forecasts, by metal fabrication, 2018 - 2030 (USD Million)
Table 8 Abrasives market estimates & forecasts, by electrical & electronics equipment, 2018 - 2030 (USD Million)
Table 9 Abrasives market estimates & forecasts, by others, 2018 - 2030 (USD Million)
Table 10 North America Abrasives market estimates & forecasts, 2018 - 2030 (USD Million)
Table 11 North America Abrasives market estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 12 North America Abrasives market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 13 U.S. Abrasives market estimates & forecasts, 2018 - 2030 (USD Million)
Table 14 U.S. Abrasives market estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 15 U.S. Abrasives market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 16 Canada Abrasives market estimates & forecasts, 2018 - 2030 (USD Million)
Table 17 Canada Abrasives market estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 18 Canada Abrasives market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 19 Mexico Abrasives market estimates & forecasts, 2018 - 2030 (USD Million)
Table 20 Mexico Abrasives market estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 21 Mexico Abrasives market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 22 Europe Abrasives market estimates & forecasts, 2018 - 2030 (USD Million)
Table 23 Europe Abrasives market estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 24 Europe Abrasives market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 25 Germany Abrasives market estimates & forecasts, 2018 - 2030 (USD Million)
Table 26 Germany Abrasives market estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 27 Germany Abrasives market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 28 U.K. Abrasives market estimates & forecasts, 2018 - 2030 (USD Million)
Table 29 U.K. Abrasives market estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 30 U.K. Abrasives market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 31 France Abrasives market estimates & forecasts, 2018 - 2030 (USD Million)
Table 32 France Abrasives market estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 33 France Abrasives market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 34 Russia Abrasives market estimates & forecasts, 2018 - 2030 (USD Million)
Table 35 Russia Abrasives market estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 36 Russia Abrasives market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 37 Italy Abrasives market estimates & forecasts, 2018 - 2030 (USD Million)
Table 38 Italy Abrasives market estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 39 Italy Abrasives market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 40 Asia Pacific Abrasives market estimates & forecasts, 2018 - 2030 (USD Million)
Table 41 Asia Pacific Abrasives market estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 42 Asia Pacific Abrasives market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 43 China Abrasives market estimates & forecasts, 2018 - 2030 (USD Million)
Table 44 China Abrasives market estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 45 China Abrasives market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 46 India Abrasives market estimates & forecasts, 2018 - 2030 (USD Million)
Table 47 India Abrasives market estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 48 India Abrasives market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 49 Japan Abrasives market estimates & forecasts, 2018 - 2030 (USD Million)
Table 50 Japan Abrasives market estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 51 Japan Abrasives market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 52 Australia Abrasives market estimates & forecasts, 2018 - 2030 (USD Million)
Table 53 Australia Abrasives market estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 54 Australia Abrasives market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 55 Central & South America Abrasives market estimates & forecasts, 2018 - 2030 (USD Million)
Table 56 Central & South America Abrasives market estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 57 Central & South America Abrasives market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 58 Brazil Abrasives market estimates & forecasts, 2018 - 2030 (USD Million)
Table 59 Brazil Abrasives market estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 60 Brazil Abrasives market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 61 Middle East & Africa Abrasives market estimates & forecasts, 2018 - 2030 (USD Million)
Table 62 Middle East & Africa Abrasives market estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 63 Middle East & Africa Abrasives market estimates & forecasts, by application, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 Market segmentation
Fig. 2 Information procurement
Fig. 3 Data Analysis Models
Fig. 4 Market Formulation and Validation
Fig. 5 Market snapshot
Fig. 6 Segmental outlook - Product & Application
Fig. 7 Competitive Outlook
Fig. 8 Abrasives market outlook, 2018 - 2030 (USD Million)
Fig. 9 Value chain analysis
Fig. 10 Market dynamics
Fig. 11 Porter’s Analysis
Fig. 12 PESTEL Analysis
Fig. 13 Abrasives market, by product: Key takeaways
Fig. 14 Abrasives market, by product: Market share, 2022 & 2030
Fig. 15 Abrasives market, by application: Key takeaways
Fig. 16 Abrasives market, by application: Market share, 2022 & 2030
Fig. 17 Abrasives market: Regional analysis, 2022
Fig. 1. Abrasives market, by region: Key takeaways
Companies Mentioned
- 3M
- Asahi Diamond Industrial Co., Ltd.
- Bosch Limited
- CUMI.
- Deerfos
- Henkel AG & Co. KGaA
- SAK ABRASIVES LIMITED
- Saint-Gobain
- sia Abrasives Industries AG
- TYROLIT Group
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 115 |
| Published | March 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 36.4 Billion |
| Forecasted Market Value ( USD | $ 52.59 Billion |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
