Abrasive Market: Information by Raw Material (Synthetic), Product Type (Coated), End-User (Automotive), Application (Polishing), Bonding Agent (Resin), and Region–Forecast till 2029

Request Free Sample Report

Report Description

Market Overview

Abrasives are the materials used to shape or finish a workpiece by polishing, rubbing, and cutting. Abrasives are very common and are used extensively in various residential, industrial, and technological applications. Some of the standard abrasives include calcite (calcium carbonate), sandpaper (sand), Iron Oxide, and Corundum. Different types of abrasives are available in the market based on their hardness and density. The application of abrasives decides which type of abrasive is required. The hardest abrasive available on the earth is diamond, mainly used for precision grinding application. Some of the significant abrasives' significant uses include sharpening, lapping, drilling, sanding, cutting, honing, buffing, polishing, and grinding. These abrasives can be human-made or natural. Natural abrasives include diamond, sand, emery, calcite, pumice, among others. Human-made or synthetic abrasives include aluminum oxide, silicon, carbide, ceramic, dry ice, glass powder, and metallic abrasives.

Growing Automotive Industry to Propel Abrasive Market Growth

The growing demand for abrasives in the automotive sector is a major factor for the growth of the market. Abrasives play an important role in automobile components manufacturing. It helps in modifying operating parameters such as reducing the CO2 emissions and lowering the noise levels of high-performance engines. It also used for machining of automotive components. Moreover, the automotive industry is increasing at a fast pace which is directly impacting the abrasive market. According to Organisation Internationale des Constructeurs d'Automobiles (OICA), the commercial vehicle and passenger vehicle production grew by 9.2 percent in 2018 from 2013.

Global Abrasive Market: Covid-19 Impact Analysis

The pandemic has disrupted all the sectors and their supply chains. Several industries got drastically hit by the COVID-19 outbreak. The industries such as automotive, machinery, metal fabrication, aerospace, construction, among others, are some of the end-user industries for the abrasive market, which are suffering a lot from the COVID-19 outbreak. Besides, the downfall of other end-user areas such as furniture and interior designing due to the COVID-19 pandemic has also affected the abrasive market up to some extent. However, as the end-user market is recovering from the downfall, the abrasive market is also going up.

Figure 1: Monthly Retail Sales of Furniture and Home Furnishing Stores in the U.S. in 2020

Monthly-Retail-Sales-of-Furniture-and-Home-Furnishing-Stores-in-the-US-in-2020

Source: Statista

Abrasive Market: Segmental Overview

Based on raw material, the global abrasive market has been segmented into coated abrasives, bonded abrasives, and super abrasives. Coated abrasives are those that are bonded to a flexible substrate using adhesives. The substrate on which the abrasives grains are bonded can be paper, plastic films, vulcanized fiber, cloth, among others. The abrasive grains can be sand, calcite, alumina, among others. The demand for super abrasives is expected high in the near future, owing to their extraordinary hardness, unparalleled performance, and longevity. There are various natural and synthetic super abrasives such as diamond, cubic boron nitride (CBN), and Chemical Vapor Deposition Diamond (CVD Diamond), among others. The super abrasives' demand can be attributed to increasing industrialization in emerging countries and growth in the metal fabrication industry.

Based on end-user, the global abrasive market has been segmented into automotive, metal fabrication, aerospace, machinery, electrical and electronics equipment, and others. Among all these segments, the metal fabrication segment is anticipated to grow at a higher pace due to increasing abrasives in the metal fabrication for finishing, polishing, surface blending, removing welds and excess material, and cutting-off grinding, among others.

Abrasive Market: Regional Overview

Rapid Industrialization to Bolster Abrasive Market in Asia-Pacific Market

Asia-Pacific is expected to be the largest shareholding region in the global abrasive market over the forecast period 2020-2029. This growth can be attributed to increasing regional economic development, rapid industrialization, automotive, metal fabrication, and machinery growth. The economies such as India, China, Japan, and South Korea are the key contributors to the regional market growth. Furthermore, India and China's increasing automotive sector is one of the significant factors for regional market growth. According to Statista, China is counted among the largest automobile markets globally.

Moreover, China is anticipated to lead the automotive market by 2040, with projected automatic vehicle sales of around 14.5 million units. Moreover, abrasives are also used in electrical equipment manufacturing; the increasing electrical equipment sector in the countries like India is further expected to boost the market growth in the near future. For instance, according to the India Brand Equity Foundation (IBEF), the electrical equipment market is anticipated to reach a value of around USD 100 billion by 2022 from USD 21 billion in 2017 owing to the increasing power industry in the country.

Aerospace and Defense Industries to Boost Abrasive Market in North America

North America is expected to be one of the major markets for abrasives due to the enormous aerospace and defense industries. Moreover, the presence of huge automotive manufacturers and machinery industries in the U.S. is the major factor for North America abrasive market growth.

According to the Aerospace Industries Association (AIA), in 2018, the U.S. aerospace and defense industry has contributed more than USD 374 billion to the GDP (Gross Domestic Products) of the U.S. The aerospace and defense industry contributed to 1.8% of the U.S. GDP. Moreover, the aerospace and defense industry is growing at a fast pace in the U.S., which will further help in accelerating abrasive market growth in the North American region. According to the Aerospace Industries Association (AIA), the aerospace and defense industry generated USD 929 billion in 2018, an increase of 4.2% from the previous year. 

Industry News

In 2018, Saint-Gobain Group in Thailand, during the trade fair "Architect Fair 2018," has launched brand new "Weber by Norton" abrasive products. The "Weber by Norton" is a diamond blade abrasive and is launched under the Weber brand. The company's collaboration with the Weber team in Thailand has helped the company expand its construction products to the Tile business. The company is now offering a wide range of abrasives products under the Weber brand in Thailand, including flap disc, fiber disc, GC grinding wheels, 4" diamond blades, and thin wheel.

In November 2019, KWH Mirka, Ltd. announced that it had launched a new WPF Next Gen paper abrasive suitable for wet and dry hand sanding.

In 2017, Advanced Super Abrasives Inc., (U.S. bases abrasive products manufacturer), announced the USD 26 million contributions for the expansion of its existing North Carolina facility. This expansion helped the company to increase production capacity and strengthen its position in the U.S.

Abrasive Market: Prominent Players

Some of the prominent actors operating in the Abrasive Market include Asahi Diamond Industrial Co., Ltd, Saint-Gobain Abrasives, Inc., 3M Company, DRONCO GmbH, Grupo Cosentino, S.L. (Cosentino S.A), Robert Bosch GmbH, Cabot Microelectronics Corporation, Cumi Murugappa Group (Carborundum Universal Limited), and Fujimi Incorporated.

Other players engaged in abrasive business are:

  • KWH Mirka
  • TYROLIT Group
  • Jason Incorporated
  • Henkel Ag and Co. Kgaa
  • Noritake Co., Ltd
  • Nippon Resibon
  • DowDuPont, Inc.
  • Sankyo Rikagaku Co., Ltd.
  • Schaffner Manufacturing Company, Inc.
  • DEERFOS Co., Ltd
  • Sia Abrasives Industries AG
  • Abrasiflex Pty Ltd
  • Carborundum Universal Limited
  • Noritake Co.,Limited
  • Krebs and Riedel
  • SurfacePrep
  • Flexovit

Abrasive Market: Segmentation

By Raw Material

  • Natural
  • Synthetic
    • Metallic Abrasives
    • Aluminum Oxide
    • Silicon Carbide
    • Others

By Product Type

  • Coated Abrasive
  • Bonded Abrasive
  • Super Abrasive

By End-User

  • Automotive
  • Machinery
  • Aerospace
  • Metal Fabrication
  • Electrical and Electronic Equipment
  • Others

By Bonding Agent

  • Vitreous
  • Resin
  • Metal Bonded
  • Electroplated
  • Rubber
  • Others

By Application

  • Grinding
  • Cutting
  • Polishing
  • Drilling
  • Others

By Region

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • Germany
  • France
  • The U.K.
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Malaysia
  • Singapore
  • Vietnam
  • Rest of Asia-Pacific

Central and South America and the Caribbean

  • Brazil
  • Argentina
  • Colombia
  • Rest of Central and South America and the Caribbean

The Middle East

  • Saudi Arabia
  • The UAE
  • Oman
  • Bahrain
  • Rest of the Middle East

Africa

  • Nigeria
  • South Africa
  • Ghana
  • Tanzania
  • Rest of Africa

Frequently Asked Questions (FAQs)

Metal Fabrication Segment is expected to be the leading segment in Abrasive Market during the forecast period.
Asahi Diamond Industrial Co., Ltd, Saint-Gobain Abrasives, Inc., 3M Company, DRONCO GmbH, Grupo Cosentino, S.L., Robert Bosch GmbH, Cabot Microelectronics Corporation, Cumi Murugappa Group, and Fujimi Incorporated are the top players in Abrasive Market.
Asia-Pacific is expected to hold the highest market share in Abrasive Market.
Growing demand for abrasives in the automotive sector, rapid industrialization are the key factors expected to drive Abrasive Market during the forecast period.
We will send you an email with login credentials to access the report. You will also be able to download the pdf.
Basically, choose Pay by Purchase Order when you are checking out. We will connect with you via email to set up your order.
Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available at all times and included in every purchase.

Market Overview

Abrasives are the materials used to shape or finish a workpiece by polishing, rubbing, and cutting. Abrasives are very common and are used extensively in various residential, industrial, and technological applications. Some of the standard abrasives include calcite (calcium carbonate), sandpaper (sand), Iron Oxide, and Corundum. Different types of abrasives are available in the market based on their hardness and density. The application of abrasives decides which type of abrasive is required. The hardest abrasive available on the earth is diamond, mainly used for precision grinding application. Some of the significant abrasives' significant uses include sharpening, lapping, drilling, sanding, cutting, honing, buffing, polishing, and grinding. These abrasives can be human-made or natural. Natural abrasives include diamond, sand, emery, calcite, pumice, among others. Human-made or synthetic abrasives include aluminum oxide, silicon, carbide, ceramic, dry ice, glass powder, and metallic abrasives.

Growing Automotive Industry to Propel Abrasive Market Growth

The growing demand for abrasives in the automotive sector is a major factor for the growth of the market. Abrasives play an important role in automobile components manufacturing. It helps in modifying operating parameters such as reducing the CO2 emissions and lowering the noise levels of high-performance engines. It also used for machining of automotive components. Moreover, the automotive industry is increasing at a fast pace which is directly impacting the abrasive market. According to Organisation Internationale des Constructeurs d'Automobiles (OICA), the commercial vehicle and passenger vehicle production grew by 9.2 percent in 2018 from 2013.

Global Abrasive Market: Covid-19 Impact Analysis

The pandemic has disrupted all the sectors and their supply chains. Several industries got drastically hit by the COVID-19 outbreak. The industries such as automotive, machinery, metal fabrication, aerospace, construction, among others, are some of the end-user industries for the abrasive market, which are suffering a lot from the COVID-19 outbreak. Besides, the downfall of other end-user areas such as furniture and interior designing due to the COVID-19 pandemic has also affected the abrasive market up to some extent. However, as the end-user market is recovering from the downfall, the abrasive market is also going up.

Figure 1: Monthly Retail Sales of Furniture and Home Furnishing Stores in the U.S. in 2020

Monthly-Retail-Sales-of-Furniture-and-Home-Furnishing-Stores-in-the-US-in-2020

Source: Statista

Abrasive Market: Segmental Overview

Based on raw material, the global abrasive market has been segmented into coated abrasives, bonded abrasives, and super abrasives. Coated abrasives are those that are bonded to a flexible substrate using adhesives. The substrate on which the abrasives grains are bonded can be paper, plastic films, vulcanized fiber, cloth, among others. The abrasive grains can be sand, calcite, alumina, among others. The demand for super abrasives is expected high in the near future, owing to their extraordinary hardness, unparalleled performance, and longevity. There are various natural and synthetic super abrasives such as diamond, cubic boron nitride (CBN), and Chemical Vapor Deposition Diamond (CVD Diamond), among others. The super abrasives' demand can be attributed to increasing industrialization in emerging countries and growth in the metal fabrication industry.

Based on end-user, the global abrasive market has been segmented into automotive, metal fabrication, aerospace, machinery, electrical and electronics equipment, and others. Among all these segments, the metal fabrication segment is anticipated to grow at a higher pace due to increasing abrasives in the metal fabrication for finishing, polishing, surface blending, removing welds and excess material, and cutting-off grinding, among others.

Abrasive Market: Regional Overview

Rapid Industrialization to Bolster Abrasive Market in Asia-Pacific Market

Asia-Pacific is expected to be the largest shareholding region in the global abrasive market over the forecast period 2020-2029. This growth can be attributed to increasing regional economic development, rapid industrialization, automotive, metal fabrication, and machinery growth. The economies such as India, China, Japan, and South Korea are the key contributors to the regional market growth. Furthermore, India and China's increasing automotive sector is one of the significant factors for regional market growth. According to Statista, China is counted among the largest automobile markets globally.

Moreover, China is anticipated to lead the automotive market by 2040, with projected automatic vehicle sales of around 14.5 million units. Moreover, abrasives are also used in electrical equipment manufacturing; the increasing electrical equipment sector in the countries like India is further expected to boost the market growth in the near future. For instance, according to the India Brand Equity Foundation (IBEF), the electrical equipment market is anticipated to reach a value of around USD 100 billion by 2022 from USD 21 billion in 2017 owing to the increasing power industry in the country.

Aerospace and Defense Industries to Boost Abrasive Market in North America

North America is expected to be one of the major markets for abrasives due to the enormous aerospace and defense industries. Moreover, the presence of huge automotive manufacturers and machinery industries in the U.S. is the major factor for North America abrasive market growth.

According to the Aerospace Industries Association (AIA), in 2018, the U.S. aerospace and defense industry has contributed more than USD 374 billion to the GDP (Gross Domestic Products) of the U.S. The aerospace and defense industry contributed to 1.8% of the U.S. GDP. Moreover, the aerospace and defense industry is growing at a fast pace in the U.S., which will further help in accelerating abrasive market growth in the North American region. According to the Aerospace Industries Association (AIA), the aerospace and defense industry generated USD 929 billion in 2018, an increase of 4.2% from the previous year. 

Industry News

In 2018, Saint-Gobain Group in Thailand, during the trade fair "Architect Fair 2018," has launched brand new "Weber by Norton" abrasive products. The "Weber by Norton" is a diamond blade abrasive and is launched under the Weber brand. The company's collaboration with the Weber team in Thailand has helped the company expand its construction products to the Tile business. The company is now offering a wide range of abrasives products under the Weber brand in Thailand, including flap disc, fiber disc, GC grinding wheels, 4" diamond blades, and thin wheel.

In November 2019, KWH Mirka, Ltd. announced that it had launched a new WPF Next Gen paper abrasive suitable for wet and dry hand sanding.

In 2017, Advanced Super Abrasives Inc., (U.S. bases abrasive products manufacturer), announced the USD 26 million contributions for the expansion of its existing North Carolina facility. This expansion helped the company to increase production capacity and strengthen its position in the U.S.

Abrasive Market: Prominent Players

Some of the prominent actors operating in the Abrasive Market include Asahi Diamond Industrial Co., Ltd, Saint-Gobain Abrasives, Inc., 3M Company, DRONCO GmbH, Grupo Cosentino, S.L. (Cosentino S.A), Robert Bosch GmbH, Cabot Microelectronics Corporation, Cumi Murugappa Group (Carborundum Universal Limited), and Fujimi Incorporated.

Other players engaged in abrasive business are:

  • KWH Mirka
  • TYROLIT Group
  • Jason Incorporated
  • Henkel Ag and Co. Kgaa
  • Noritake Co., Ltd
  • Nippon Resibon
  • DowDuPont, Inc.
  • Sankyo Rikagaku Co., Ltd.
  • Schaffner Manufacturing Company, Inc.
  • DEERFOS Co., Ltd
  • Sia Abrasives Industries AG
  • Abrasiflex Pty Ltd
  • Carborundum Universal Limited
  • Noritake Co.,Limited
  • Krebs and Riedel
  • SurfacePrep
  • Flexovit

Abrasive Market: Segmentation

By Raw Material

  • Natural
  • Synthetic
    • Metallic Abrasives
    • Aluminum Oxide
    • Silicon Carbide
    • Others

By Product Type

  • Coated Abrasive
  • Bonded Abrasive
  • Super Abrasive

By End-User

  • Automotive
  • Machinery
  • Aerospace
  • Metal Fabrication
  • Electrical and Electronic Equipment
  • Others

By Bonding Agent

  • Vitreous
  • Resin
  • Metal Bonded
  • Electroplated
  • Rubber
  • Others

By Application

  • Grinding
  • Cutting
  • Polishing
  • Drilling
  • Others

By Region

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • Germany
  • France
  • The U.K.
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Malaysia
  • Singapore
  • Vietnam
  • Rest of Asia-Pacific

Central and South America and the Caribbean

  • Brazil
  • Argentina
  • Colombia
  • Rest of Central and South America and the Caribbean

The Middle East

  • Saudi Arabia
  • The UAE
  • Oman
  • Bahrain
  • Rest of the Middle East

Africa

  • Nigeria
  • South Africa
  • Ghana
  • Tanzania
  • Rest of Africa

Frequently Asked Questions (FAQs)

Metal Fabrication Segment is expected to be the leading segment in Abrasive Market during the forecast period.
Asahi Diamond Industrial Co., Ltd, Saint-Gobain Abrasives, Inc., 3M Company, DRONCO GmbH, Grupo Cosentino, S.L., Robert Bosch GmbH, Cabot Microelectronics Corporation, Cumi Murugappa Group, and Fujimi Incorporated are the top players in Abrasive Market.
Asia-Pacific is expected to hold the highest market share in Abrasive Market.
Growing demand for abrasives in the automotive sector, rapid industrialization are the key factors expected to drive Abrasive Market during the forecast period.
We will send you an email with login credentials to access the report. You will also be able to download the pdf.
Basically, choose Pay by Purchase Order when you are checking out. We will connect with you via email to set up your order.
Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available at all times and included in every purchase.
Table of Content Download Sample

Copyright . All rights Reserved By Straits Research