Abrasives Market
Abrasives Market Analysis by Product (Bonded Abrasives, Coated Abrasives, Raw Super Abrasives, Steel Abrasives, Loose Abrasive Grains), by End User, by Region - Global Forecast 2021 to 2031
Analysis of Abrasives market covering 30+ countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Abrasives Market Outlook (2021 to 2031)
The global abrasives market was valued at US$ 54.03 Billion in 2020. Consumption of abrasives is expected to increase at a CAGR of 5.5% to reach a market valuation of US$ 97.7 Billion by the end of 2031.
| Report Attributes | Details |
|---|---|
| Abrasives Market Size in 2020 | US$ 54.03 Billion |
| Projected Year Value (2031) | US$ 97.7 Billion |
| Global Market Growth Rate (2021 to 2031) | 5.5% CAGR |
| Asia Pacific Market Share (2022) | 50% |
| Key Companies Profiled | Saint Gobain SA; 3M; DuPont; TYROLIT; Henkel AG & Co. KGaA; Abrasive Technology Inc.; Allied High Tech Products Inc.; Almatis GmbH; ARC Abrasives Inc. |
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Demand Analysis of Abrasives from 2017 to 2020 Vs Market Outlook for 2021 to 2031
“Rapid Implementation of Abrasives in Several End-use Industries”
As per Fact.MR, a market research and competitive intelligence provider, the global market for abrasives was valued at US$ 57.2 Billion in 2021.
An abrasive is a substance, usually, a mineral, used to rub work pieces to finish or shape them, resulting in wear and tear. It's similar to grinding & polishing, which involves roughening to obtain a smooth and reflective surface, such as in matte or satin finishes.
Abrasive is used for cleaning hard surfaces, grinding wheels, and polishing in a variety of industries. Polishing compounds in abrasive products support the material's surface polish and shaping. Abrasives come in a variety of sizes, forms, and sizes to suit your needs. Norton grinding wheels use rubbing action to clean, grind, abrade, scour, and remove solid materials.
In the worldwide abrasives market, there are two types of abrasives: synthetic and natural. Owing to their constant qualities as required in industrial activities, synthetic abrasives (aluminum oxide, silicon carbide, and boron nitride) have largely supplanted natural abrasives in the abrasives market. Growing usage of abrasives in dentistry is also driving the market growth.
Considering these factors, the market is projected to witness high growth over the forecast period, registering a CAGR of 5.5% to reach US$ 97.7 Billion by 2031.
Which Emerging Trend is Driving Demand for Abrasives?
“Rising Adoption of Abrasives in Construction Activities”
Construction is expected to be the most important application for this industry. Construction activity has increased as a result of the rapid growth of urbanization and improved living.
Market development is being aided by economic growth in developing countries, as well as a high level of refurbishment activity. These goods are utilized in a variety of applications in the construction industry, including woodworking and fabrication, metal fabrications, and metal components.
The construction industry is undergoing massive and unprecedented changes as a result of economic expansion, which is driving the rising demand for these materials. The expansion of residential construction has been primarily affecting the slope of the market in several countries due to the rising population.
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Which Factors are Hampering Market Expansion to Some Extent?
“High Manufacturing Costs & Health Hazards Associated with Abrasives Hampering Market Growth”
Blasting with abrasive material can produce a lot of dust and noise. Toxic elements may be present in the abrasive material and the surface being blasted, posing a risk to employees. The market is anticipated to be hampered by high production costs, volatile raw material prices, and strict limitations on abrasive uses.
Which Region is a Lucrative Market for Abrasive Manufacturers?
“Rising Research Activities for Abrasives Development to Propel Market Expansion in Asia Pacific”
Asia Pacific is expected to account for is expected to account 50% share of the abrasives market in 2022 owing to increased construction activities. Rapid urbanization, expanding infrastructure development, and favorable legislation for trading activities drive the abrasives market in Asia Pacific.
Rising research activities to improve abrasive uses in end-use sectors such as construction, aerospace, and automotive, among others, are expected to promote market expansion over the coming years. In addition, the development of synthetic abrasives to fulfil increased demand for the product is expected to be a major contributor to the market expansion.
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Country-wise Insights
Why is the U.S. Abrasives Market Witnessing High Demand?
“Growing Popularity of Electric Vehicles Boosting Market Value”
The U.S. abrasive market accounts for a significant share of the global market. The sand paper is utilized in the wood and furniture industries for fine sanding, profile sanding, and polishing because of its sharpness. Market growth would be supported by rising wood demand in the country for the construction of homes and apartments.
The abrasives industry will benefit from a growing automotive industry due to higher consumer spending and easier automobile finance. Electric vehicles and charging stations are becoming more popular in the United States, which is expected to enhance abrasive demand over the coming years.
Why is China Considered an Emerging Market for Abrasive Manufacturers?
“Growing Demand from Power Generation Sector to Drive Market Growth”
The market in China is expected to hold the highest position in the global market over the coming years owing to advancements in technology. Due to significant demand from the power generation industries, China is the largest consumer of abrasives.
Various factors, such as increased production of electronic equipment, medical devices, automobiles and packaging, are supporting market growth in China.
Category-wise Insights
Which Abrasive Product Accounts for Highest Revenue Generation?
“Raw Super Abrasives Highly Preferred Owing to Heavy Industrial Usage”
Demand for raw super abrasives is projected to increase at a CAGR of 7.7% over the forecast period (2021 to 2031). Raw super abrasives are extremely hard, operate exceptionally well, and last a long time, which has increased their demand in industries such as aerospace, automotive, medical, and electronics, among others.
When used in industrial applications, super abrasive grinding wheels provide major benefits such as inexpensive tooling costs, smaller and more wheels on the spindle, fewer manufacturing floor area requirements, consistent surface speed, and a high rate of material removal.
Furthermore, rising investments in research and development of raw super abrasives, such as in sections involving high-speed, high-performance grinding of hardened steel, are likely to boost market expansion throughout the projection period.
Which End User is Expected to Drive Most Demand for Abrasives?
“Rapid Deployment of Abrasives in Metal Fabrication Industry”
The metal fabrication industry is predicted to grow at a high rate. Metal structures are manufactured using bending, cutting, and assembling techniques in fabrication. Abrasives are used to cut, grind, and fabricate a wide range of metals, including steel, stainless steel, and others. The growing demand for steel and steel-related products is propelling the abrasives sector forward.
Cut-off saws, also known as chop saws, are machines that use steel-cutting discs to cut metals into the appropriate shape. Fiber discs and flap discs are two more metal fabrication tools that are mostly used for grinding down metals and surface blending. The global increase in metal demand as a result of the expansion of numerous end-use industries is expected to boost market growth.
Competitive Landscape
Market players are focusing on primary tactics such as technology launches, acquisitions, and R&D efforts. Abrasive manufacturers are working on establishing joint ventures, strategic alliances, and partnerships to increase production capacity and market penetration.
For instance,
- In May 2021, Norton Quantum Prime Grinding Wheels with unique, proprietary nano-crystalline ceramic grain was launched by Saint-Gobain Abrasives, offering exceptional productivity benefits across a wide range of applications.
Key Segments Covered in Industry Research
-
By Product:
- Bonded Abrasives
- Coated Abrasives
- Raw Super Abrasives
- Steel Abrasives
- Loose Abrasive Grains
- Others (including Nonwoven Abrasives)
-
By End User:
- Machinery
- Electrical & Electronic Equipment
- Transportation
- Metal Fabrication
- Others (including Construction, Medical Devices, Power Generation, and Cleaning & Maintenance)
-
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2017 to 2020 and Forecast, 2021 to 2031
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2017 to 2020 and Forecast, 2021 to 2031
- 9. Global Market Analysis 2017 to 2020 and Forecast 2021 to 2031, by Product
- 9.1. Bonded Abrasives
- 9.2. Coated Abrasives
- 9.3. Raw Super Abrasives
- 9.4. Steel Abrasives
- 9.5. Loose Abrasive Grains
- 9.6. Others (including Nonwoven Abrasives)
- 10. Global Market Analysis 2017 to 2020 and Forecast 2021 to 2031, by End User
- 10.1. Machinery
- 10.2. Electrical & Electronic Equipment
- 10.3. Transportation
- 10.4. Metal Fabrication
- 11. Global Market Analysis 2017 to 2020 and Forecast 2021 to 2031, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2017 to 2020 and Forecast 2021 to 2031
- 13. Latin America Market Analysis 2017 to 2020 and Forecast 2021 to 2031
- 14. Europe Market Analysis 2017 to 2020 and Forecast 2021 to 2031
- 15. South Asia Market Analysis 2017 to 2020 and Forecast 2021 to 2031
- 16. East Asia Market Analysis 2017 to 2020 and Forecast 2021 to 2031
- 17. Oceania Market Analysis 2017 to 2020 and Forecast 2021 to 2031
- 18. Middle East and Africa Market Analysis 2017 to 2020 and Forecast 2021 to 2031
- 19. Key and Emerging Countries Market Analysis 2017 to 2020 and Forecast 2021 to 2031
- 20. Competition Analysis
- 20.1. Saint Gobain SA
- 20.2. 3M
- 20.3. DuPont
- 20.4. TYROLIT
- 20.5. Henkel AG & Co. KGaA
- 20.6. Abrasive Technology Inc.
- 20.7. Allied High Tech Products Inc.
- 20.8. Almatis GmbH
- 20.9. ARC Inc.
- 21. Assumptions and Acronyms Used
- 22. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2017 to 2031, By Product
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2031, By Product
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2031, By End User
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2031, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2017 to 2020 and Forecast 2021 to 2031, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2031, By Product
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2031, By End User
Table 08: Latin America Market Value (US$ Mn) Analysis 2017 to 2020 and Forecast 2021 to 2031, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2031, By Product
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2031, By End User
Table 11: Europe Market Value (US$ Mn) Analysis 2017 to 2020 and Forecast 2021 to 2031, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2031, By Product
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2031, By End User
Table 14: South Asia Market Value (US$ Mn) Analysis 2017 to 2020 and Forecast 2021 to 2031, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2031, By Product
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2031, By End User
Table 17: East Asia Market Value (US$ Mn) Analysis 2017 to 2020 and Forecast 2021 to 2031, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2031, By Product
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2031, By End User
Table 20: Oceania Market Value (US$ Mn) Analysis 2017 to 2020 and Forecast 2021 to 2031, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2031, By Product
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2031, By End User
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2017 to 2020 and Forecast 2021 to 2031, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2031, By Product
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2031, By End User
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2017 to 2020
Figure 02: Global Market Volume Forecast (in 000' Units), 2021 to 2031
Figure 03: Pricing Analysis (US$) Per Product, By Region, 2020
Figure 04: Pricing Analysis (US$) Per Product, By Region, 2020
Figure 05: Global Market Value Analysis (US$ Mn), 2017 to 2020
Figure 06: Global Market Value Forecast (US$ Mn), 2021 to 2031
Figure 07: Global Market Absolute $ Opportunity, 2021 to 2031
Figure 08: Global Market Share Analysis (%), By Product, 2021 to 2031
Figure 09: Global Market Y-o-Y Analysis (%), By Product, 2021 to 2031
Figure 10: Global Market Attractiveness Analysis by Product, 2021 to 2031
Figure 11: Global Market Share Analysis (%), By End User, 2021 to 2031
Figure 12: Global Market Y-o-Y Analysis (%), By End User, 2021 to 2031
Figure 13: Global Market Attractiveness Analysis by End User, 2021 to 2031
Figure 14: Global Market Share Analysis (%), By Region, 2021 to 2031
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2021 to 2031
Figure 16: Global Market Attractiveness Analysis by Region, 2021 to 2031
Figure 17: North America Market Value Share, By Product, 2021 (E)
Figure 18: North America Market Value Share, By End User, 2021 (E)
Figure 19: North America Market Value Share, By Country, 2021 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2017 to 2020
Figure 21: North America Market Value Forecast (US$ Mn), 2021 to 2031
Figure 22: North America Market Attractiveness Analysis by Product, 2021 to 2031
Figure 23: North America Market Attractiveness Analysis by End User, 2021 to 2031
Figure 24: North America Market Attractiveness Analysis by Country, 2021 to 2031
Figure 25: Latin America Market Value Share, By Product, 2021 (E)
Figure 26: Latin America Market Value Share, By End User, 2021 (E)
Figure 27: Latin America Market Value Share, By Country, 2021 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2017 to 2020
Figure 29: Latin America Market Value Forecast (US$ Mn), 2021 to 2031
Figure 30: Latin America Market Attractiveness Analysis by Product, 2021 to 2031
Figure 31: Latin America Market Attractiveness Analysis by End User, 2021 to 2031
Figure 32: Latin America Market Attractiveness Analysis by Country, 2021 to 2031
Figure 33: Europe Market Value Share, By Product, 2021 (E)
Figure 34: Europe Market Value Share, By End User, 2021 (E)
Figure 35: Europe Market Value Share, By Country, 2021 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2017 to 2020
Figure 37: Europe Market Value Forecast (US$ Mn), 2021 to 2031
Figure 38: Europe Market Attractiveness Analysis by Product, 2021 to 2031
Figure 39: Europe Market Attractiveness Analysis by End User, 2021 to 2031
Figure 40: Europe Market Attractiveness Analysis by Country, 2021 to 2031
Figure 41: South Asia Market Value Share, By Product, 2021 (E)
Figure 42: South Asia Market Value Share, By End User, 2021 (E)
Figure 43: South Asia Market Value Share, By Country, 2021 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2017 to 2020
Figure 45: South Asia Market Value Forecast (US$ Mn), 2021 to 2031
Figure 46: South Asia Market Attractiveness Analysis by Product, 2021 to 2031
Figure 47: South Asia Market Attractiveness Analysis by End User, 2021 to 2031
Figure 48: South Asia Market Attractiveness Analysis by Country, 2021 to 2031
Figure 49: East Asia Market Value Share, By Product, 2021 (E)
Figure 50: East Asia Market Value Share, By End User, 2021 (E)
Figure 51: East Asia Market Value Share, By Country, 2021 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2017 to 2020
Figure 53: East Asia Market Value Forecast (US$ Mn), 2021 to 2031
Figure 54: East Asia Market Attractiveness Analysis by Product, 2021 to 2031
Figure 55: East Asia Market Attractiveness Analysis by End User, 2021 to 2031
Figure 56: East Asia Market Attractiveness Analysis by Country, 2021 to 2031
Figure 57: Oceania Market Value Share, By Product, 2021 (E)
Figure 58: Oceania Market Value Share, By End User, 2021 (E)
Figure 59: Oceania Market Value Share, By Country, 2021 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2017 to 2020
Figure 61: Oceania Market Value Forecast (US$ Mn), 2021 to 2031
Figure 62: Oceania Market Attractiveness Analysis by Product, 2021 to 2031
Figure 63: Oceania Market Attractiveness Analysis by End User, 2021 to 2031
Figure 64: Oceania Market Attractiveness Analysis by Country, 2021 to 2031
Figure 65: Middle East and Africa Market Value Share, By Product, 2021 (E)
Figure 66: Middle East and Africa Market Value Share, By End User, 2021 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2021 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2017 to 2020
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2021 to 2031
Figure 70: Middle East and Africa Market Attractiveness Analysis by Product, 2021 to 2031
Figure 71: Middle East and Africa Market Attractiveness Analysis by End User, 2021 to 2031
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2021 to 2031
Figure 73: U. S. Market Value Analysis (US$ Mn), 2021 & 2031
Figure 74: U. S. Market Value Share, By Product, 2021 (E)
Figure 75: U. S. Market Value Share, By End User, 2021 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2021 & 2031
Figure 77: Canada Market Value Share, By Product, 2021 (E)
Figure 78: Canada Market Value Share, By End User, 2021 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2021 & 2031
Figure 80: Mexico Market Value Share, By Product, 2021 (E)
Figure 81: Mexico Market Value Share, By End User, 2021 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2021 & 2031
Figure 83: Brazil Market Value Share, By Product, 2021 (E)
Figure 84: Brazil Market Value Share, By End User, 2021 (E)
Figure 85: U. K. Market Value Analysis (US$ Mn), 2021 & 2031
Figure 86: U. K. Market Value Share, By Product, 2021 (E)
Figure 87: U. K. Market Value Share, By End User, 2021 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2021 & 2031
Figure 89: Germany Market Value Share, By Product, 2021 (E)
Figure 90: Germany Market Value Share, By End User, 2021 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2021 & 2031
Figure 92: France Market Value Share, By Product, 2021 (E)
Figure 93: France Market Value Share, By End User, 2021 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2021 & 2031
Figure 95: Italy Market Value Share, By Product, 2021 (E)
Figure 96: Italy Market Value Share, By End User, 2021 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2021 & 2031
Figure 98: Spain Market Value Share, By Product, 2021 (E)
Figure 99: Spain Market Value Share, By End User, 2021 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2021 & 2031
Figure 101: Russia Market Value Share, By Product, 2021 (E)
Figure 102: Russia Market Value Share, By End User, 2021 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2021 & 2031
Figure 104: China Market Value Share, By Product, 2021 (E)
Figure 105: China Market Value Share, By End User, 2021 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2021 & 2031
Figure 107: Japan Market Value Share, By Product, 2021 (E)
Figure 108: Japan Market Value Share, By End User, 2021 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2021 & 2031
Figure 110: South Korea Market Value Share, By Product, 2021 (E)
Figure 111: South Korea Market Value Share, By End User, 2021 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2021 & 2031
Figure 113: India Market Value Share, By Product, 2021 (E)
Figure 114: India Market Value Share, By End User, 2021 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2021 & 2031
Figure 116: ASEAN Market Value Share, By Product, 2021 (E)
Figure 117: ASEAN Market Value Share, By End User, 2021 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2021 & 2031
Figure 119: Australia Market Value Share, By Product, 2021 (E)
Figure 120: Australia Market Value Share, By End User, 2021 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2021 & 2031
Figure 122: New Zealand Market Value Share, By Product, 2021 (E)
Figure 123: New Zealand Market Value Share, By End User, 2021 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2021 & 2031
Figure 125: GCC Countries Market Value Share, By Product, 2021 (E)
Figure 126: GCC Countries Market Value Share, By End User, 2021 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2021 & 2031
Figure 128: Turkey Market Value Share, By Product, 2021 (E)
Figure 129: Turkey Market Value Share, By End User, 2021 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2021 & 2031
Figure 131: South Africa Market Value Share, By Product, 2021 (E)
Figure 132: South Africa Market Value Share, By End User, 2021 (E)
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
Which growth trends are driving abrasives market expansion?
Growing investments in research & development, rising demand for super abrasives in high-end applications, and rapid development of end-use industries are driving market growth.
Who are the key suppliers of abrasive products?
Saint Gobain SA, 3M, DuPont, TYROLIT, and Henkel AG & Co. KGaA are key suppliers of abrasive products.
Which is the leading region in the global abrasives market?
Asia Pacific accounts for 50% share of the global abrasives market.
What is the projected growth rate for the global market for abrasives?
The abrasives market is expected to rise at 5.5% CAGR from 2021 to 2031.
Which are the top 5 countries driving demand for abrasives?
The U.S., Canada, Germany, Japan, and China are expected to drive most demand for abrasives.
Abrasives Market