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PUBLISHER: Grand View Research | PRODUCT CODE: 1433745

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PUBLISHER: Grand View Research | PRODUCT CODE: 1433745

Abrasives Market Size, Share & Trends Analysis Report By Product (Coated, Bonded), By Application (Automotive & Transportation, Heavy Machinery, Metal Fabrication, Electrical & Electronics Equipment), By Region, And Segment Forecasts, 2024 - 2030

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Description

Table of Contents

List of Tables

Abrasives Market Growth & Trends:

The global abrasives market size is anticipated to reach USD 52.59 billion by 2030, expanding at a CAGR of 5.0% from 2024 to 2030, according to a new report by Grand View Research, Inc.The market growth is expected to be driven by the rising metal fabrication industry on account of the demand from automotive, aerospace, agriculture, and medical, among other end-use sectors. Abrasives are the tools used for shaping and providing a smooth finish to product surfaces.

Based on product, the coated segment is anticipated to register the fastest CAGR over the forecast period, due to the increasing applications of coated materials in metalworking, where products like sandpaper are used for deburring. China held the largest revenue share of the global market in 2023, leading in terms of production and making it a huge manufacturing hub.

Based on application, automotive & transportation acquired the largest revenue share in 2023. This trend is estimated to continue during the forecast period. This is due to the rising global production of vehicles, especially in developing nations. As a result, major abrasive manufacturers are aggressively engaging in expansion projects in emerging economies such as India, China, and Southeast Asian countries. According to the USGS statistics, China was the largest producer of fused aluminum oxide and silicon carbide abrasives in 2022. Rising production in China has compelled other players in the value chain to expand their manufacturing capacities.

The competitive landscape of the market reflects key companies engaging in capacity extensions in order to enhance their market position and supply to meet the demands of a steady growing market. For instance, in September 2023, Hermes Abrasives, a Germany-based company announced an investment of USD 5.6 million in Virgina Beach, U.S. to expand its existing facility to integrate and increase production capabilities.

Abrasives Market Report Highlights:

  • Based on product, bonded abrasives dominated the market with more than 43.0% revenue share in 2023. Increasing demand for bonded abrasives from numerous industries, including steel, automotive, cutting tools, food processing, and general engineering, among others is contributing to this segment's growth
  • Based on application, the automotive & transportation segment is expected to grow at a CAGR of 4.7% and retain the leading position from 2024 to 2030. This growth can be attributed to the increasing production of electric vehicles (EVs) and rising number of charging stations
  • The metal fabrication segment is anticipated to register the fastest CAGR from 2024 to 2030. Metal fabricators look for high-performance abrasive discs and finishing materials to reduce downtime of fabrication operations
  • Asia Pacific dominated with a revenue share of over 55.0% in 2023 and is expected to register the fastest CAGR over the forecast period. This growth is anticipated to be driven by the developments in construction and infrastructure in countries such as India and China
  • In May 2023, SAK ABRASIVES LIMITED announced acquisition of Jowitt & Rodgers, a Philadelphia-based company, to expand its business footprint in the U.S. Strategic approach is a part of company's aim to focus on custom-made engineering products at various locations and enhance combined capacity of product line making it a stronger industry player in global bonded abrasive market
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Product Code: GVR-2-68038-099-6

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation & Scope
  • 1.2. Market Definition
  • 1.3. Information Procurement
    • 1.3.1. Purchased Database
    • 1.3.2. GVR's Internal Database
    • 1.3.3. Secondary Sources & Third-Party Perspectives
    • 1.3.4. Primary Research
  • 1.4. Information Analysis
    • 1.4.1. Data Analysis Models
  • 1.5. Market Formulation & Data Visualization
  • 1.6. Data Validation & Publishing

Chapter 2. Executive Summary

  • 2.1. Market Snapshot
  • 2.2. Segment Snapshot
  • 2.3. Competitive Landscape Snapshot

Chapter 3. Abrasives Market Variables, Trends & Scope

  • 3.1. Global Abrasives Market Outlook
  • 3.2. Industry Value Chain Analysis
    • 3.2.1. Distribution Channel Analysis
    • 3.2.2. Raw Material Trends
  • 3.3. Technological Overview
  • 3.4. Regulatory Framework
  • 3.5. Market Dynamics
    • 3.5.1. Market Driver Analysis
    • 3.5.2. Market Restraint Analysis
    • 3.5.3. Industry Challenges
    • 3.5.4. Industry Opportunities
  • 3.6. Industry Analysis Tools
    • 3.6.1. Porter's Five Forces Analysis
    • 3.6.2. PESTEL Analysis

Chapter 4. Abrasives Market: Product Estimates & Trend Analysis

  • 4.1. Product Movement Analysis & Market Share, 2023 & 2030
  • 4.2. Abrasives Market Estimates & Forecast, By Product, 2018 to 2030 (USD Million)
  • 4.3. Coated
    • 4.3.1. Coated Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 4.4. Bonded
    • 4.4.1. Bonded Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 4.5. Others
    • 4.5.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 5. Abrasives Market: Application Estimates & Trend Analysis

  • 5.1. Application Movement Analysis & Market Share, 2023 & 2030
  • 5.2. Abrasives Market Estimates & Forecast, By Application, 2018 to 2030 (USD Million)
  • 5.3. Automotive & Transportation
    • 5.3.1. Automotive & Transportation Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 5.4. Heavy Machinery
    • 5.4.1. Heavy Machinery Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 5.5. Metal Fabrication
    • 5.5.1. Metal Fabrication Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 5.6. Electrical & Electronics Equipment
    • 5.6.1. Electrical & Electronics Equipment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 5.7. Other Applications
    • 5.7.1. Other Applications Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 6. Abrasives Market: Regional Estimates & Trend Analysis

  • 6.1. Regional Movement Analysis & Market Share, 2023 & 2030
  • 6.2. North America
    • 6.2.1. North America abrasives market estimates & forecast, 2018 - 2030 (USD Million)
    • 6.2.2. U. S.
      • 6.2.2.1. Key country dynamics
      • 6.2.2.2. U.S. abrasives market estimates & forecast, 2018 - 2030 (USD Million)
    • 6.2.3. Canada
      • 6.2.3.1. Key country dynamics
      • 6.2.3.2. Canada abrasives market estimates & forecast, 2018 - 2030 (USD Million)
    • 6.2.4. Mexico
      • 6.2.4.1. Key country dynamics
      • 6.2.4.2. Mexico abrasives market estimates & forecast, 2018 - 2030 (USD Million)
  • 6.3. Europe
    • 6.3.1. Europe abrasives market estimates & forecast, 2018 - 2030 (USD Million)
    • 6.3.2. Germany
      • 6.3.2.1. Key country dynamics
      • 6.3.2.2. Germany abrasives market estimates & forecast, 2018 - 2030 (USD Million)
    • 6.3.3. UK
      • 6.3.3.1. Key country dynamics
      • 6.3.3.2. UK abrasives market estimates & forecast, 2018 - 2030 (USD Million)
    • 6.3.4. France
      • 6.3.4.1. Key country dynamics
      • 6.3.4.2. France abrasives market estimates & forecast, 2018 - 2030 (USD Million)
    • 6.3.5. Italy
      • 6.3.5.1. Key country dynamics
      • 6.3.5.2. Italy abrasives market estimates & forecast, 2018 - 2030 (USD Million)
    • 6.3.6. Russia
      • 6.3.6.1. Key country dynamics
      • 6.3.6.2. Russia abrasives market estimates & forecast, 2018 - 2030 (USD Million)
  • 6.4. Asia Pacific
    • 6.4.1. Asia Pacific abrasives market estimates & forecast, 2018 - 2030 (USD Million)
    • 6.4.2. China
      • 6.4.2.1. Key country dynamics
      • 6.4.2.2. China abrasives market estimates & forecast, 2018 - 2030 (USD Million)
    • 6.4.3. Japan
      • 6.4.3.1. Key country dynamics
      • 6.4.3.2. Japan abrasives market estimates & forecast, 2018 - 2030 (USD Million)
    • 6.4.4. India
      • 6.4.4.1. Key country dynamics
      • 6.4.4.2. India abrasives market estimates & forecast, 2018 - 2030 (USD Million)
    • 6.4.5. Australia
      • 6.4.5.1. Key country dynamics
      • 6.4.5.2. Australia abrasives market estimates & forecast, 2018 - 2030 (USD Million)
  • 6.5. Central & South America
    • 6.5.1. Central & South America abrasives market estimates & forecast, 2018 - 2030 (USD Million)
    • 6.5.2. Brazil
      • 6.5.2.1. Key country dynamics
      • 6.5.2.2. Brazil abrasives market estimates & forecast, 2018 - 2030 (USD Million)
  • 6.6. Middle East & Africa
    • 6.6.1. Middles East & Africa abrasives market estimates & forecast, 2018 - 2030 (USD Million)

Chapter 7. Abrasives Market - Competitive Landscape

  • 7.1. Recent Developments & Impact Analysis, By Key Market Participants
  • 7.2. Company Categorization
  • 7.3. Heat Map Analysis
  • 7.4. Strategy Mapping
  • 7.5. Company Profiles
    • 7.5.1. 3M
      • 7.5.1.1. Participant's overview
      • 7.5.1.2. Financial performance
      • 7.5.1.3. Product benchmarking
      • 7.5.1.4. Recent developments
    • 7.5.2. Asahi Diamond Industrial Co., Ltd.
      • 7.5.2.1. Participant's overview
      • 7.5.2.2. Financial performance
      • 7.5.2.3. Product benchmarking
      • 7.5.2.4. Recent developments
    • 7.5.3. Bosch Limited
      • 7.5.3.1. Participant's overview
      • 7.5.3.2. Financial performance
      • 7.5.3.3. Product benchmarking
      • 7.5.3.4. Recent developments
    • 7.5.4. Deerfos
      • 7.5.4.1. Participant's overview
      • 7.5.4.2. Financial performance
      • 7.5.4.3. Product benchmarking
      • 7.5.4.4. Recent developments
    • 7.5.5. CUMI
      • 7.5.5.1. Participant's overview
      • 7.5.5.2. Financial performance
      • 7.5.5.3. Product benchmarking
      • 7.5.5.4. Recent developments
    • 7.5.6. Henkel AG & Co, KGaA
      • 7.5.6.1. Participant's overview
      • 7.5.6.2. Financial performance
      • 7.5.6.3. Product benchmarking
      • 7.5.6.4. Recent developments
    • 7.5.7. sia Abrasives Industries AG
      • 7.5.7.1. Participant's overview
      • 7.5.7.2. Financial performance
      • 7.5.7.3. Product benchmarking
      • 7.5.7.4. Recent developments
    • 7.5.8. Saint-Gobain
      • 7.5.8.1. Participant's overview
      • 7.5.8.2. Financial performance
      • 7.5.8.3. Product benchmarking
      • 7.5.8.4. Recent developments
    • 7.5.9. SAK ABRASIVES LIMITED
      • 7.5.9.1. Participant's overview
      • 7.5.9.2. Financial performance
      • 7.5.9.3. Product benchmarking
      • 7.5.9.4. Recent developments
    • 7.5.10. Tyrolit Group
      • 7.5.10.1. Participant's overview
      • 7.5.10.2. Financial performance
      • 7.5.10.3. Product benchmarking
      • 7.5.10.4. Recent developments
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Product Code: GVR-2-68038-099-6

List of Tables

  • Table 1 List of abbreviation
  • Table 2 Abrasives market, 2018 - 2030 (USD Million)
  • Table 3 Global market estimates and forecasts by product, 2018 - 2030 (USD Million)
  • Table 4 Global market estimates and forecasts by application, 2018 - 2030 (USD Million)
  • Table 5 Global market estimates and forecasts by region, 2018 - 2030 (USD Million)
  • Table 6 North America abrasives market by product, 2018 - 2030 (USD Million)
  • Table 7 North America abrasives market by application, 2018 - 2030 (USD Million)
  • Table 8 U.S. abrasives market by product, 2018 - 2030 (USD Million)
  • Table 9 U.S. abrasives market by application, 2018 - 2030 (USD Million)
  • Table 10 Canada abrasives market by product, 2018 - 2030 (USD Million)
  • Table 11 Canada abrasives market by application, 2018 - 2030 (USD Million)
  • Table 12 Mexico abrasives market by product, 2018 - 2030 (USD Million)
  • Table 13 Mexico abrasives market by application, 2018 - 2030 (USD Million)
  • Table 14 Europe abrasives market by product, 2018 - 2030 (USD Million)
  • Table 15 Europe abrasives market by application, 2018 - 2030 (USD Million)
  • Table 16 Germany abrasives market by product, 2018 - 2030 (USD Million)
  • Table 17 Germany abrasives market by application, 2018 - 2030 (USD Million)
  • Table 18 UK abrasives market by product, 2018 - 2030 (USD Million)
  • Table 19 UK abrasives market by application, 2018 - 2030 (USD Million)
  • Table 20 France abrasives market by product, 2018 - 2030 (USD Million)
  • Table 21 France abrasives market by application, 2018 - 2030 (USD Million)
  • Table 22 Italy abrasives market by product, 2018 - 2030 (USD Million)
  • Table 23 Italy abrasives market by application, 2018 - 2030 (USD Million)
  • Table 24 Russia abrasives market by product, 2018 - 2030 (USD Million)
  • Table 25 Russia abrasives market by application, 2018 - 2030 (USD Million)
  • Table 26 Asia Pacific abrasives market by product, 2018 - 2030 (USD Million)
  • Table 27 Asia Pacific abrasives market by application, 2018 - 2030 (USD Million)
  • Table 28 China abrasives market by product, 2018 - 2030 (USD Million)
  • Table 29 China abrasives market by application, 2018 - 2030 (USD Million)
  • Table 30 Japan abrasives market by product, 2018 - 2030 (USD Million)
  • Table 31 Japan abrasives market by application, 2018 - 2030 (USD Million)
  • Table 32 India abrasives market by product, 2018 - 2030 (USD Million)
  • Table 33 India abrasives market by application, 2018 - 2030 (USD Million)
  • Table 34 Australia abrasives market by product, 2018 - 2030 (USD Million)
  • Table 35 Australia abrasives market by application, 2018 - 2030 (USD Million)
  • Table 36 Central & South America abrasives market by product, 2018 - 2030 (USD Million)
  • Table 37 Central & South America abrasives market by application, 2018 - 2030 (USD Million)
  • Table 38 Brazil abrasives market by product, 2018 - 2030 (USD Million)
  • Table 39 Brazil abrasives market by application, 2018 - 2030 (USD Million)
  • Table 40 Middle East & Africa abrasives market by product, 2018 - 2030 (USD Million)
  • Table 41 Middle East & Africa abrasives market by application, 2018 - 2030 (USD Million)

List of Figures

  • Fig. 1 Market research process
  • Fig. 2 Data triangulation techniques
  • Fig. 3 Primary research pattern
  • Fig. 4 Market research approaches
  • Fig. 5 QFD modeling for market share assessment
  • Fig. 6 Information Procurement
  • Fig. 7 Market Formulation and Validation
  • Fig. 8 Data Validating & Publishing
  • Fig. 9 Market Segmentation & Scope
  • Fig. 10 Abrasives Market Snapshot
  • Fig. 11 Segment Snapshot
  • Fig. 12 Competitive Landscape Snapshot
  • Fig. 13 Abrasives Market Outlook
  • Fig. 14 Abrasives Market Value, 2023 (USD Million)
  • Fig. 15 Abrasives Market - Value Chain Analysis
  • Fig. 16 Abrasives Market - Market Dynamics
  • Fig. 17 Abrasives Market - PORTER's Analysis
  • Fig. 18 Abrasives Market - PESTEL Analysis
  • Fig. 19 Abrasives Market Estimates & Forecasts, By Product: Key Takeaways
  • Fig. 20 Abrasives Market Share, By Product, 2023 & 2030
  • Fig. 21 Abrasives Market Estimates & Forecasts, in Coated, 2018 - 2030 (USD Million)
  • Fig. 22 Abrasives Market Estimates & Forecasts, in Bonded, 2018 - 2030 (USD Million)
  • Fig. 23 Abrasives Market Estimates & Forecasts, in Others, 2018 - 2030 (USD Million)
  • Fig. 24 Abrasives Market Estimates & Forecasts, By Application: Key Takeaways
  • Fig. 25 Abrasives Market Share, By Application, 2023 & 2030
  • Fig. 26 Abrasives Market Estimates & Forecasts, in Automotive & Transportation, 2018 - 2030 (USD Million)
  • Fig. 27 Abrasives Market Estimates & Forecasts, in Heavy Machinery, 2018 - 2030 (USD Million)
  • Fig. 28 Abrasives Market Estimates & Forecasts, in Metal Fabrication, 2018 - 2030 (USD Million)
  • Fig. 29 Abrasives Market Estimates & Forecasts, in Electrical & Electronics Equipment, 2018 - 2030 (USD Million)
  • Fig. 30 Abrasives Market Estimates & Forecasts, in Other Applications, 2018 - 2030 (USD Million)
  • Fig. 31 Abrasives Market Revenue, By Region, 2023 & 2030 (USD Million)
  • Fig. 32 North America Abrasives Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 33 U.S. Abrasives Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 34 Canada Abrasives Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 35 Mexico Abrasives Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 36 Europe Abrasives Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 37 Germany Abrasives Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 38 UK Abrasives Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 39 France Abrasives Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 40 Italy Abrasives Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 41 Russia Abrasives Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 42 Asia Pacific Abrasives Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 43 China Abrasives Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 44 India Abrasives Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 45 Japan Abrasives Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 46 Australia Abrasives Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 47 Central & South America Abrasives Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 48 Brazil Abrasives Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 49 Middle East & Africa Abrasives Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 50 Key Company Categorization
  • Fig. 51 Strategy Mapping
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