U.S. Abrasives Market - Industry Trends and Forecast to 2031

List of Tables

The U.S. abrasives market is expected to reach USD 5.18 billion by 2031 from USD 3.68 billion in 2023, growing with a substantial CAGR of 4.4% in the forecast period of 2024 to 2031.

Market Segmentation:

U.S. Abrasives Market, By Raw Material (Synthetic, and Natural), Type (Bonded Abrasive, Coated Abrasive, and Super Abrasive), Product (Disc, Cups, Cylinder, and Others), Form (Powdered Form, and Block Form), Application (Grinding, Polishing, Cutting, Finishing, Drilling, and Others), End-Use (Automotive, Building and Construction, Metal Fabrication, Machinery, Aerospace and Defense, Electrical and Electronics, Medical Devices, Oil and Gas, and Others) - Industry Trends and Forecast to 2031

Driver

Increasing metal fabrication activities

Increasing activities in manufacturing and construction industries

Restrain

Stringent regulations and standards regarding abrasives

Emerging substitute materials and technologies

Opportunities

Increasing demand for superabrasives

Growth in electronics and semiconductors industry

Market Players:

Some of the major market players operating in U.S. abrasives market are:

ARC ABRASIVES, INC.
Bullard Abrasives, Inc.
Engis Corporation
INDASA
Klingspor Abrasives Limited
Osborn, SAK ABRASIVES LIMITED
Tyrolit - Schleifmittelwerke Swarovski AG & Co K.G.
Asahi Diamond Industrial Co.,Ltd.
CUMI
Hermes Schleifmittel GmbH
Robert Bosch GmbH
SAIT ABRASIVI S.p.A.
Mirka USA
Saint-Gobain
3M
Weiler Abrasives.
VSM AG

1 INTRODUCTION 11

1.1 OBJECTIVES OF THE STUDY 11
1.2 MARKET DEFINITION 11
1.3 OVERVIEW 11
1.4 LIMITATIONS 12
1.5 MARKETS COVERED 13

2 MARKET SEGMENTATION 17

2.1 MARKETS COVERED 17
2.2 GEOGRAPHICAL SCOPE 18
2.3 YEARS CONSIDERED FOR THE STUDY 18
2.4 CURRENCY AND PRICING 18
2.5 DBMR TRIPOD DATA VALIDATION MODEL 19
2.6 MULTIVARIATE MODELING 22
2.7 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 23
2.8 DBMR MARKET POSITION GRID 25
2.9 DBMR APPLICATION COVERAGE GRID 26
2.10 DBMR VENDOR SHARE ANALYSIS 27
2.11 SECONDARY SOURCES 28
2.12 ASSUMPTIONS 29

3 EXECUTIVE SUMMARY 30

4 PREMIUM INSIGHTS 33

4.1 PESTEL ANALYSIS 34
- 4.1.1 POLITICAL FACTORS 34
- 4.1.2 ECONOMIC FACTORS 35
- 4.1.3 SOCIAL FACTORS 35
- 4.1.4 TECHNOLOGICAL FACTORS 35
- 4.1.5 ENVIRONMENTAL FACTORS 35
- 4.1.6 LEGAL FACTORS 36
4.2 PORTER'S FIVE FORCES 37
- 4.2.1 THREAT OF NEW ENTRANTS 37
- 4.2.2 THREAT OF SUBSTITUTES 37
- 4.2.3 CUSTOMER BARGAINING POWER 38
- 4.2.4 SUPPLIER BARGAINING POWER 38
- 4.2.5 INTERNAL COMPETITION 38
4.3 PRODUCTION CONSUMPTION ANALYSIS 39
4.4 VENDOR SELECTION CRITERIA 40
- 4.4.1 QUALITY AND CONSISTENCY 40
- 4.4.2 TECHNICAL EXPERTISE 41
- 4.4.3 SUPPLY CHAIN RELIABILITY 41
- 4.4.4 COMPLIANCE AND SUSTAINABILITY 41
- 4.4.5 COST AND PRICING STRUCTURE 41
- 4.4.6 FINANCIAL STABILITY 41
- 4.4.7 FLEXIBILITY AND CUSTOMIZATION 41
- 4.4.8 RISK MANAGEMENT AND CONTINGENCY PLANS 41
4.5 CLIMATE CHANGE SCENARIO 42
4.6 PRICE TREND ANALYSIS 44
4.7 SUPPLY CHAIN ANALYSIS 45
- 4.7.1 LOGISTIC COST SCENARIO 45
- 4.7.2 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 45
4.8 TECHNOLOGICAL ADVANCEMENTS BY MANUFACTURERS 46
4.9 RAW MATERIAL ANALYSIS 48
- 4.9.1 ALUMINUM OXIDE (AL2O3) 48
- 4.9.2 SILICON CARBIDE 48
- 4.9.3 DIAMOND 48
- 4.9.4 CUBIC BORON NITRIDE 48
- 4.9.5 GARNET 48
- 4.9.6 EMERY 48
- 4.9.7 PUMICE 49
- 4.9.8 ZIRCONIA ALUMINA 49

5 REGULATION COVERAGE 50

6 MARKET OVERVIEW 54

6.1 DRIVERS 56
- 6.1.1 RISING AUTOMOTIVE AND AEROSPACE PRODUCTION 56
- 6.1.2 INCREASING METAL FABRICATION ACTIVITIES 56
- 6.1.3 INCREASING ACTIVITIES IN MANUFACTURING AND CONSTRUCTION INDUSTRIES 57
- 6.1.4 ADVANCEMENTS IN ABRASIVES TECHNOLOGY AND MATERIALS 58
6.2 RESTRAINTS 59
- 6.2.1 STRINGENT REGULATIONS AND STANDARDS REGARDING ABRASIVES 59
- 6.2.2 EMERGING SUBSTITUTE MATERIALS AND TECHNOLOGIES 60
6.3 OPPORTUNITIES 61
- 6.3.1 INCREASING DEMAND FOR SUPERABRASIVES 61
- 6.3.2 GROWTH IN ELECTRONICS AND SEMICONDUCTORS INDUSTRY 62
- 6.3.3 RISING FOCUS ON SUSTAINABILITY AND ECO-FRIENDLY ABRASIVES 62
6.4 CHALLENGES 63
- 6.4.1 FLUCTUATING RAW MATERIAL PRICES 63
- 6.4.2 ENVIRONMENTAL CONCERNS REGARDING ABRASIVE MANUFACTURING PROCESS 64

7 U.S. ABRASIVES MARKET, BY RAW MATERIAL 65

7.1 OVERVIEW 66
7.2 SYNTHETIC 67
7.3 NATURAL 68

8 U.S. ABRASIVES MARKET, BY TYPE 69

8.1 OVERVIEW 70
8.2 BONDED ABRASIVE 71
8.3 COATED ABRASIVE 72
8.4 SUPER ABRASIVE 72

9 U.S. ABRASIVES MARKET, BY PRODUCT 73

9.1 OVERVIEW 74
9.2 DISC 75
9.3 CUPS 75
9.4 CYLINDER 75
9.5 OTHERS 75

10 U.S. ABRASIVES MARKET, BY FORM 76

10.1 OVERVIEW 77
10.2 POWDERED FORM 78
10.3 BLOCK FORM 78

11 U.S. ABRASIVES MARKET, BY APPLICATION 79

11.1 OVERVIEW 80
11.2 GRINDING 81
11.3 POLISHING 81
11.4 CUTTING 81
11.5 FINISHING 81
11.6 DRILLING 81
11.7 OTHERS 81

12 U.S. ABRASIVES MARKET, BY END-USE 82

12.1 OVERVIEW 83
12.2 AUTOMOTIVE 84
12.3 BUILDING AND CONSTRUCTION 85
12.4 METAL FABRICATION 85
12.5 MACHINERY 86
12.6 AEROSPACE AND DEFENCE 86
12.7 ELECTRICAL AND ELECTRONICS 87
12.8 MEDICAL DEVICES 87
12.9 OIL AND GAS 88
12.10 OTHERS 88

13 U.S. ABRASIVES MARKET, COMPANY LANDSCAPE 89

13.1 COMPANY SHARE ANALYSIS: U.S. 89

14 SWOT ANALYSIS 90

15 COMPANY PROFILES 91

15.1 3M 91
- 15.1.1 COMPANY SNAPSHOT 91
- 15.1.2 REVENUE ANALYSIS 92
- 15.1.3 PRODUCT PORTFOLIO 92
- 15.1.4 RECENT DEVELOPMENTS 101
15.2 ROBERT BOSCH GMBH 102
- 15.2.1 COMPANY SNAPSHOT 102
- 15.2.2 REVENUE ANALYSIS 102
- 15.2.3 PRODUCT PORTFOLIO 103
- 15.2.4 RECENT DEVELOPMENTS 104
15.3 SAINT-GOBAIN 105
- 15.3.1 COMPANY SNAPSHOT 105
- 15.3.2 REVENUE ANALYSIS 105
- 15.3.3 PRODUCT PORTFOLIO 106
- 15.3.4 RECENT DEVELOPMENTS 106
15.4 TYROLIT - SCHLEIFMITTELWERKE SWAROVSKI AG & CO K.G. 107
- 15.4.1 COMPANY SNAPSHOT 107
- 15.4.2 PRODUCT PORTFOLIO 107
- 15.4.3 RECENT DEVELOPMENTS 113
15.5 KLINGSPOR ABRASIVES LIMITED 114
- 15.5.1 COMPANY SNAPSHOT 114
- 15.5.2 PRODUCT PORTFOLIO 114
- 15.5.3 RECENT DEVELOPMENTS 116
15.6 ARC ABRASIVES, INC. 117
- 15.6.1 COMPANY SNAPSHOT 117
- 15.6.2 PRODUCT PORTFOLIO 117
- 15.6.3 RECENT DEVELOPMENTS 120
15.7 ASAHI DIAMOND INDUSTRIAL CO., LTD. 121
- 15.7.1 COMPANY SNAPSHOT 121
- 15.7.2 REVENUE ANALYSIS 121
- 15.7.3 PRODUCT PORTFOLIO 122
- 15.7.4 RECENT DEVELOPMENT 122
15.8 BULLARD ABRASIVES, INC. 123
- 15.8.1 COMPANY SNAPSHOT 123
- 15.8.2 PRODUCT PORTFOLIO 123
- 15.8.3 RECENT DEVELOPMENTS 124
15.9 CUMI 125
- 15.9.1 COMPANY SNAPSHOT 125
- 15.9.2 REVENUE ANALYSIS 125
- 15.9.3 PRODUCT PORTFOLIO 126
- 15.9.4 RECENT DEVELOPMENT 127
15.10 ENGIS CORPORATION 128
- 15.10.1 COMPANY SNAPSHOT 128
- 15.10.2 PRODUCT PORTFOLIO 128
- 15.10.3 RECENT DEVELOPMENTS 131
15.11 HERMES SCHLEIFMITTEL GMBH 132
- 15.11.1 COMPANY SNAPSHOT 132
- 15.11.2 PRODUCT PORTFOLIO 132
- 15.11.3 RECENT DEVELOPMENTS 133
15.12 INDASA 134
- 15.12.1 COMPANY SNAPSHOT 134
- 15.12.2 PRODUCT PORTFOLIO 134
- 15.12.3 RECENT DEVELOPMENTS 135
15.13 MIRKA USA 136
- 15.13.1 COMPANY SNAPSHOT 136
- 15.13.2 PRODUCT PORTFOLIO 136
- 15.13.3 RECENT DEVELOPMENT 137
15.14 OSBORN 138
- 15.14.1 COMPANY SNAPSHOT 138
- 15.14.2 PRODUCT PORTFOLIO 138
- 15.14.3 RECENT DEVELOPMENTS 139
15.15 SAIT ABRASIVI S.P.A. 140
- 15.15.1 COMPANY SNAPSHOT 140
- 15.15.2 PRODUCT PORTFOLIO 140
- 15.15.3 RECENT DEVELOPMENTS 141
15.16 SAK ABRASIVES LIMITED 142
- 15.16.1 COMPANY SNAPSHOT 142
- 15.16.2 PRODUCT PORTFOLIO 142
- 15.16.3 RECENT DEVELOPMENTS 143
15.17 VSM AG 144
- 15.17.1 COMPANY SNAPSHOT 144
- 15.17.2 PRODUCT PORTFOLIO 144
- 15.17.3 RECENT DEVELOPMENT 145
15.18 WEILER ABRASIVES 146
- 15.18.1 COMPANY SNAPSHOT 146
- 15.18.2 PRODUCT PORTFOLIO 146
- 15.18.3 RECENT DEVELOPMENT 157

16 QUESTIONNAIRE 158

17 RELATED REPORTS 162

LIST OF TABLES

TABLE 1 U.S. ABRASIVES MARKET, BY TYPE, (AVERAGE SELLING PRICE) (USD/THOUSAND UNITS) 44
TABLE 2 REGULATORY FRAMEWORK 50
TABLE 3 U.S. ABRASIVES MARKET, BY RAW MATERIAL, 2022-2031 (USD THOUSAND) 67
TABLE 4 U.S. SYNTHETIC IN ABRASIVES MARKET, BY CATEGORY, 2022-2031 (USD THOUSAND) 67
TABLE 5 U.S. SYNTHETIC IN ABRASIVES MARKET, BY CATEGORY, 2022-2031 (VOLUME) 67
TABLE 6 U.S. NATURAL IN ABRASIVES MARKET, BY CATEGORY, 2022-2031 (USD THOUSAND) 68
TABLE 7 U.S. NATURAL IN ABRASIVES MARKET, BY CATEGORY, 2022-2031 (VOLUME) 68
TABLE 8 U.S. ABRASIVES MARKET, BY TYPE, 2022-2031 (USD THOUSAND) 71
TABLE 9 U.S. ABRASIVES MARKET, BY TYPE, 2022-2031 (THOUSAND UNITS) 71
TABLE 10 U.S. BONDED ABRASIVE IN ABRASIVES MARKET, BY BONDING AGENTS, 2022-2031 (USD THOUSAND) 71
TABLE 11 U.S. ABRASIVES MARKET, BY PRODUCT, 2022-2031 (USD THOUSAND) 75
TABLE 12 U.S. DISC IN ABRASIVES MARKET, BY TYPE, 2022-2031 (USD THOUSAND) 75
TABLE 13 U.S. ABRASIVES MARKET, BY FORM, 2022-2031 (USD THOUSAND) 78
TABLE 14 U.S. ABRASIVES MARKET, BY APPLICATION, 2022-2031 (USD THOUSAND) 81
TABLE 15 U.S. ABRASIVES MARKET, BY END-USE, 2022-2031 (USD THOUSAND) 84
TABLE 16 U.S. AUTOMOTIVE IN ABRASIVES MARKET, BY TYPE, 2022-2031 (USD THOUSAND) 84
TABLE 17 U.S. BUILDING AND CONSTRUCTION IN ABRASIVES MARKET, BY TYPE, 2022-2031 (USD THOUSAND) 85
TABLE 18 U.S. METAL FABRICATION IN ABRASIVES MARKET, BY TYPE, 2022-2031 (USD THOUSAND) 85
TABLE 19 U.S. MACHINERY IN ABRASIVES MARKET, BY TYPE, 2022-2031 (USD THOUSAND) 86
TABLE 20 U.S. AEROSPACE AND DEFENCE IN ABRASIVES MARKET, BY TYPE, 2022-2031 (USD THOUSAND) 86
TABLE 21 U.S. ELECTRICAL AND ELECTRONICS IN ABRASIVES MARKET, BY TYPE, 2022-2031 (USD THOUSAND) 87
TABLE 22 U.S. MEDICAL DEVICES IN ABRASIVES MARKET, BY TYPE, 2022-2031 (USD THOUSAND) 87
TABLE 23 U.S. OIL AND GAS IN ABRASIVES MARKET, BY TYPE, 2022-2031 (USD THOUSAND) 88
TABLE 24 U.S. OTHERS IN ABRASIVES MARKET, BY TYPE, 2022-2031 (USD THOUSAND) 88

LIST OF FIGURES

FIGURE 1 U.S. ABRASIVES MARKET: SEGMENTATION 17
FIGURE 2 U.S. ABRASIVES MARKET: DATA TRIANGULATION 19
FIGURE 3 U.S. ABRASIVES MARKET: DROC ANALYSIS 20
FIGURE 4 U.S. ABRASIVES MARKET: COUNTRY VS REGIONAL MARKET ANALYSIS 21
FIGURE 5 U.S. ABRASIVES MARKET: COMPANY RESEARCH ANALYSIS 21
FIGURE 6 U.S. ABRASIVES MARKET: MULTIVARIATE MODELLING 22
FIGURE 7 U.S. ABRASIVES MARKET: INTERVIEW DEMOGRAPHICS 23
FIGURE 8 U.S. ABRASIVES MARKET: DBMR MARKET POSITION GRID 25
FIGURE 9 U.S. ABRASIVES MARKET: APPLICATION COVERAGE GRID 26
FIGURE 10 U.S. ABRASIVES MARKET: VENDOR SHARE ANALYSIS 27
FIGURE 11 U.S. ABRASIVES MARKET: SEGMENTATION 32
FIGURE 12 RISING AUTOMOTIVE AND AEROSPACE PRODUCTION IS EXPECTED TO DRIVE THE GROWTH OF THE U.S. ABRASIVES MARKET IN THE FORECAST PERIOD 33
FIGURE 13 THE SYNTHETIC SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST MARKET SHARE OF THE U.S. ABRASIVES MARKET IN 2024 AND 2031 33
FIGURE 14 PESTEL ANALYSIS 34
FIGURE 15 PORTER'S FIVE FORCES 37
FIGURE 16 ESTIMATED PRODUCTION CONSUMPTION ANALYSIS 39
FIGURE 17 VENDOR SELECTION CRITERIA 40
FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES AND CHALLENGES OF THE MARKET 55
FIGURE 19 U.S. ABRASIVES MARKET: BY RAW MATERIAL, 2023 66
FIGURE 20 U.S. ABRASIVES MARKET: BY TYPE, 2023 70
FIGURE 21 U.S. ABRASIVES MARKET: BY PRODUCT, 2023 74
FIGURE 22 U.S. ABRASIVES MARKET: BY FORM, 2023 77
FIGURE 23 U.S. ABRASIVES MARKET: BY APPLICATION, 2023 80
FIGURE 24 U.S. ABRASIVES MARKET: BY END-USE, 2023 83