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In 2022, the abrasives market is expected to be worth USD 51.78 billion. With a compound annual growth rate (CAGR) of 7.06% from 2023 to 2030, it is predicted that the global market for abrasives would rise from USD 54.9 billion in 2022 to USD 87.80 billion in 2030. Due to increased demand from the metalworking and automotive industries, the market is growing.
Growth in the metal fabrication industry as a result of rising demand for pre-engineered structures and components and developments in the manufacturing industry is one of the key factors impacting the market. Another element driving the growth of the metal fabrication business is the rising demand from a wide range of end-use industries, including the medical, agricultural, automotive, and aerospace sectors. The industry is also subject to ongoing change as a result of evolving technologies and a lack of competent employees. The United States is essential to the world economy. Although putting more emphasis on domestic production is anticipated to be beneficial for market expansion over the coming years, the manufacturing sector in the country has not seen any significant development due to shifting economic priorities that have an impact on tariffs and internal investments.
Abrasives materials are used to grind, polish, cut, or shape other materials through a process called abrasion. They are typically strong, hard, and typically have a high wear resistance. Abrasives come in a range of forms, including grains, powders, compounds, and coated or bonded materials, depending on their unique purposes.
Population increase in both rich and developing economies, including the United States, China, India, and other countries, has led to rapid urbanisation. Government investment in the building and construction industry has increased in order to establish a number of significant infrastructure projects. For instance, according to a report published by the National Investment Promotion and Facilitation Agency, 13% of all FDI inflows in 2021 are expected to come from infrastructure projects.
The abrasives are used to size engine parts, repair automobile bodywork, and clean both the inside and outside of vehicles. Additionally, these cleaners are used to clean the interiors of pipes, welds, and edges, as well as surfaces that will be painted, polished, fitted, or oiled. While cars employ grinding wheels, refinishing automotive bodywork uses coated and non-woven materials. The sector is expanding as a direct result of the significant demand coming from a variety of automotive applications.
All non-engine components and accessories, such as brakes, steering wheels, wheels, and axles, are made using abrasive materials. In order to gather tools, brakes feature a specific abrasive with a non-directional scratch pattern. It is used to lessen discolouration and get rid of brake squeal on heat-sensitive metals. Sandpaper with abrasive grains is used to prepare and clean the interior and outside of vehicles. Additionally, rising raw material prices and the state of the economy are expected to have a big impact on this business.
Abrasives are frequently used in car maintenance and repairs, as well as in grinding, sanding, and polishing processes when making new cars. The expansion of the automobile industry has a significant impact on the demand for abrasives. Technology advancements like the development of electric vehicles (EVs) and the increased use of lightweight materials like aluminium and carbon fibre composites have an impact on the demand for abrasives. Examples include the fabrication and assembly of the special components for electric vehicles (EVs), which require specialised abrasive tools. The emphasis on aesthetics and high-end surface treatments in the automotive industry also contributes to the demand for abrasives.
Report Coverage
Global Abrasives research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Abrasives report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Abrasives competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Abrasives market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Abrasives market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Abrasives market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Asahi Diamond Industrial Co. Ltd, Saint Gobain Abrasives, 3M, Jason Incorporated, Norton Abrasives, Krebs And Riedel, Deerfos Co. Ltd, DowDuPont Inc., Sia Abrasives Industries AG, Carborundum Universal Ltd, Noritake Co. Ltd, Schaffner Manufacturing Company Inc., TYROLIT Group, Fujimi Incorporated.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Abrasives market based on the below-mentioned segments:
Global Abrasives Market, By Type
Bonded
Coated
Super
Others
Global Abrasives market, By Application
Automotive
Metalworking
Machinery
Electrical & Electronics
Construction
Others
Global Abrasives Market, By Source
Natural
Synthetic
Global Abrasives market, Regional Analysis
Growth in the metal fabrication industry as a result of rising demand for pre-engineered structures and components and developments in the manufacturing industry is one of the key factors impacting the market. Another element driving the growth of the metal fabrication business is the rising demand from a wide range of end-use industries, including the medical, agricultural, automotive, and aerospace sectors. The industry is also subject to ongoing change as a result of evolving technologies and a lack of competent employees. The United States is essential to the world economy. Although putting more emphasis on domestic production is anticipated to be beneficial for market expansion over the coming years, the manufacturing sector in the country has not seen any significant development due to shifting economic priorities that have an impact on tariffs and internal investments.
Abrasives materials are used to grind, polish, cut, or shape other materials through a process called abrasion. They are typically strong, hard, and typically have a high wear resistance. Abrasives come in a range of forms, including grains, powders, compounds, and coated or bonded materials, depending on their unique purposes.
Population increase in both rich and developing economies, including the United States, China, India, and other countries, has led to rapid urbanisation. Government investment in the building and construction industry has increased in order to establish a number of significant infrastructure projects. For instance, according to a report published by the National Investment Promotion and Facilitation Agency, 13% of all FDI inflows in 2021 are expected to come from infrastructure projects.
The abrasives are used to size engine parts, repair automobile bodywork, and clean both the inside and outside of vehicles. Additionally, these cleaners are used to clean the interiors of pipes, welds, and edges, as well as surfaces that will be painted, polished, fitted, or oiled. While cars employ grinding wheels, refinishing automotive bodywork uses coated and non-woven materials. The sector is expanding as a direct result of the significant demand coming from a variety of automotive applications.
All non-engine components and accessories, such as brakes, steering wheels, wheels, and axles, are made using abrasive materials. In order to gather tools, brakes feature a specific abrasive with a non-directional scratch pattern. It is used to lessen discolouration and get rid of brake squeal on heat-sensitive metals. Sandpaper with abrasive grains is used to prepare and clean the interior and outside of vehicles. Additionally, rising raw material prices and the state of the economy are expected to have a big impact on this business.
Abrasives are frequently used in car maintenance and repairs, as well as in grinding, sanding, and polishing processes when making new cars. The expansion of the automobile industry has a significant impact on the demand for abrasives. Technology advancements like the development of electric vehicles (EVs) and the increased use of lightweight materials like aluminium and carbon fibre composites have an impact on the demand for abrasives. Examples include the fabrication and assembly of the special components for electric vehicles (EVs), which require specialised abrasive tools. The emphasis on aesthetics and high-end surface treatments in the automotive industry also contributes to the demand for abrasives.
Report Coverage
Global Abrasives research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Abrasives report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Abrasives competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Abrasives market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Asahi Diamond Industrial Co. Ltd, Saint Gobain Abrasives, 3M, Jason Incorporated, Norton Abrasives, Krebs And Riedel, Deerfos Co. Ltd, DowDuPont Inc., Sia Abrasives Industries AG, Carborundum Universal Ltd, Noritake Co. Ltd, Schaffner Manufacturing Company Inc., TYROLIT Group, Fujimi Incorporated. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Abrasives Market from 2021 to 2030.
- Market Forecast for Abrasives Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Abrasives competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Abrasives
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Abrasives market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Abrasives market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Asahi Diamond Industrial Co. Ltd, Saint Gobain Abrasives, 3M, Jason Incorporated, Norton Abrasives, Krebs And Riedel, Deerfos Co. Ltd, DowDuPont Inc., Sia Abrasives Industries AG, Carborundum Universal Ltd, Noritake Co. Ltd, Schaffner Manufacturing Company Inc., TYROLIT Group, Fujimi Incorporated.
Primary Target Market
- Market Players of Abrasives
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Abrasives market based on the below-mentioned segments:
Global Abrasives Market, By Type
Bonded
Coated
Super
Others
Global Abrasives market, By Application
Automotive
Metalworking
Machinery
Electrical & Electronics
Construction
Others
Global Abrasives Market, By Source
Natural
Synthetic
Global Abrasives market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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