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PUBLISHER: IMARC | PRODUCT CODE: 1236848

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PUBLISHER: IMARC | PRODUCT CODE: 1236848

Abrasives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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The global abrasives market size reached US$ 45.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 61.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.

Abrasives refer to mineral-based substances that are used for polishing, grinding and cleaning surfaces. They are utilized in ultrasonic machining, abrasive jet machining and magnetic field-assisted polishing. Besides this, as they help remove excess sizing, slicing and material, they are commonly employed in the manufacturing of intricate components or creating ultra-smooth surfaces for machines and aircraft. They also find extensive application in the automotive sector for lowering noise levels, minimizing carbon emissions and manufacturing automotive parts, such as mirrors, valve springs and fuel and de-aeration tanks.

At present, the market is experiencing growth on account of the burgeoning automotive industry. Moreover, the thriving electronics and manufacturing industries act as another growth-inducing factor. Abrasives are used in these industries to scrape the metal in small amounts for manufacturing semiconductors and other electronic equipment with precision. Apart from this, leading players are focusing on various product innovations, such as the development of polyester- and fabric-based abrasives. They are also introducing advanced coated abrasives for metal fabrication, which is propelling the abrasives market growth. Besides this, the growing adoption of super-abrasives, such as industrial diamonds for precision grinding and cutting of hard metals, is also boosting their sales worldwide.

Rapid urbanization, inflating income levels and the rising global population have boosted the sales of automobiles worldwide. This, along with the increasing utilization of abrasives for reducing CO2 emissions of high-performance engines and noise levels in automobiles, is strengthening the growth of the market. Moreover, the thriving electronics and manufacturing industries act as another growth-inducing factor. Abrasives are used in these industries to scrape the metal in small amounts for manufacturing semiconductors and other electronic equipment with precision. Apart from this, the increasing construction activities are resulting in the escalating demand for super abrasives. The developments in the manufacturing industry have also enabled improvements in precision tooling, which is utilized in the production of smaller components with greater accuracy. This, in turn, is positively influencing the demand for abrasives. Furthermore, the leading players are focusing on various product innovations, such as the development of polyester- and fabric-based abrasives. They are also introducing advanced coated abrasives for metal fabrication, which is propelling the abrasives market growth. The growing adoption of super-abrasives, such as industrial diamonds for precision grinding and cutting of hard metals is also boosting their sales worldwide.

Key Market Segmentation:

  • IMARC Group provides an analysis of the key trends in each sub-segment of the global abrasives market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, end-use and material type.

Breakup by Product Type:

  • Bonded Abrasives
  • Coated Abrasives
  • Super-abrasives
  • Others

Breakup by End-Use:

  • Machinery
  • Metal Fabrication
  • Automotive
  • Electronics
  • Construction
  • Others

Breakup by Material Type:

  • Natural Abrasives
  • Synthetic Abrasives

Breakup by Region:

  • Asia Pacific
  • Europe
  • North America
  • Latin America
  • Middle East and Africa

Competitive Landscape:

  • The report has also analyzed the competitive landscape of the market with some of the key players being Robert Bosch Power Tools GmbH, DuPont de Nemours, Inc., Fujimi Inc., Saint-Gobain Group, Henkel AG & Co. KGaA, 3M, Asahi Diamond Industrial Co., Ltd., Carborundum Universal Limited., TYROLIT Schleifmittelwerke Swarovski KG, NIPPON RESIBON CORPORATION, Krebs & Riedel Schleifscheibenfabrik GmbH & Co. KG, Abrasiflex Pty Ltd., Noritake Co., Limited, DEERFOS.COM, and Sankyo-Rikagaku Ltd. etc.

Key Questions Answered in This Report:

  • 1. What was the size of the global abrasives market in 2022?
  • 2. What has been the impact of COVID-19 on the global abrasives market?
  • 3. What is the expected growth rate of the global abrasives market during 2023-2028?
  • 4. What are the key factors driving the global abrasives market?
  • 5. What is the breakup of the global abrasives market based on the product type?
  • 6. What is the breakup of the global abrasives market based on the end-use?
  • 7. What is the breakup of the global abrasives market based on the material type?
  • 8. What are the key regions in the global abrasives market?
  • 9. Who are the key companies/players in the global abrasives market?
Product Code: SR1523A113_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Abrasives Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Breakup by Product Type
  • 5.5 Market Breakup by End-Use
  • 5.6 Market Breakup by Material Type
  • 5.7 Market Breakup by Region
  • 5.8 Market Forecast

6 Market Breakup by Product Type

  • 6.1 Bonded Abrasives
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Coated Abrasives
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Super-abrasives
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Others
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast

7 Market Breakup by End-Use

  • 7.1 Machinery
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Metal Fabrication
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Automotive
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Electronics
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast
  • 7.5 Construction
    • 7.5.1 Market Trends
    • 7.5.2 Market Forecast
  • 7.6 Others
    • 7.6.1 Market Trends
    • 7.6.2 Market Forecast

8 Market Breakup by Material Type

  • 8.1 Natural Abrasives
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Synthetic Abrasives
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast

9 Market Breakup by Region

  • 9.1 Asia Pacific
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Europe
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 North America
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast
  • 9.4 Middle East and Africa
    • 9.4.1 Market Trends
    • 9.4.2 Market Forecast
  • 9.5 Latin America
    • 9.5.1 Market Trends
    • 9.5.2 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porter's Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

  • 13.1 Key Price Indicators
  • 13.2 Price Structure
  • 13.3 Margin Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 Robert Bosch Power Tools GmbH
    • 14.3.2 DuPont de Nemours
    • 14.3.3 Fujimi Inc
    • 14.3.4 Saint-Gobain Group
    • 14.3.5 Henkel AG & Co. KGaA
    • 14.3.6 3M
    • 14.3.7 Asahi Diamond Industrial Co., Ltd.
    • 14.3.8 Carborundum Universal
    • 14.3.9 TYROLIT Schleifmittelwerke Swarovski KG
    • 14.3.10 NIPPON RESIBON CORPORATION
    • 14.3.11 Krebs & Riedel Schleifscheibenfabrik GmbH & Co. KG
    • 14.3.12 Abrasiflex Pty Ltd
    • 14.3.13 Noritake Co., Limited
    • 14.3.14 DEERFOS.COM
    • 14.3.15 Sankyo-Rikagaku Ltd.
Product Code: SR1523A113_Report

List of Figures

  • Figure 1: Global: Abrasives Market: Major Drivers and Challenges
  • Figure 2: Global: Abrasives Market: Sales Value (in Billion US$), 2017-2022
  • Figure 3: Global: Abrasives Market: Breakup by Product Type (in %), 2022
  • Figure 4: Global: Abrasives Market: Breakup by End-Use (in %), 2022
  • Figure 5: Global: Abrasives Market: Breakup by Material Type (in %), 2022
  • Figure 6: Global: Abrasives Market: Breakup by Region (in %), 2022
  • Figure 7: Global: Abrasives Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 8: Global: Abrasives Industry: SWOT Analysis
  • Figure 9: Global: Abrasives Industry: Value Chain Analysis
  • Figure 10: Global: Abrasives Industry: Porter's Five Forces Analysis
  • Figure 11: Global: Abrasives (Bonded Abrasives) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 12: Global: Abrasives (Bonded Abrasives) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 13: Global: Abrasives (Coated Abrasives) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 14: Global: Abrasives (Coated Abrasives) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 15: Global: Abrasives (Super-abrasives) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 16: Global: Abrasives (Super-abrasives) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 17: Global: Abrasives (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 18: Global: Abrasives (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 19: Global: Abrasives (Machinery) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 20: Global: Abrasives (Machinery) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 21: Global: Abrasives (Metal Fabrication) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 22: Global: Abrasives (Metal Fabrication) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 23: Global: Abrasives (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 24: Global: Abrasives (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 25: Global: Abrasives (Electronics) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 26: Global: Abrasives (Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 27: Global: Abrasives (Construction) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 28: Global: Abrasives (Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 29: Global: Abrasives (Other End-Users) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 30: Global: Abrasives (Other End-Users) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 31: Global: Abrasives (Natural Abrasives) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 32: Global: Abrasives (Natural Abrasives) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 33: Global: Abrasives (Synthetic Abrasives) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 34: Global: Abrasives (Synthetic Abrasives) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 35: Asia Pacific: Abrasives Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 36: Asia Pacific: Abrasives Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 37: Europe: Abrasives Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 38: Europe: Abrasives Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 39: North America: Abrasives Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 40: North America: Abrasives Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 41: Middle East and Africa: Abrasives Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 42: Middle East and Africa: Abrasives Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 43: Latin America: Abrasives Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 44: Latin America: Abrasives Market Forecast: Sales Value (in Million US$), 2023-2028

List of Tables

  • Table 1: Global: Abrasives Market: Key Industry Highlights, 2022 and 2028
  • Table 2: Global: Abrasives Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
  • Table 3: Global: Abrasives Market Forecast: Breakup by End-Use (in Million US$), 2023-2028
  • Table 4: Global: Abrasives Market Forecast: Breakup by Material Type (in Million US$), 2023-2028
  • Table 5: Global: Abrasives Market Forecast: Breakup by Region (in Million US$), 2023-2028
  • Table 6: Global: Abrasives Market Structure
  • Table 7: Global: Abrasives Market: Key Players
Have a question?
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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