Abrasives Market

Abrasives Market Size & Overview – Key Insights & Forecast

Base Year: 2023 Historical Data: 2020-22
  • Report ID: TBI-12551
  • Published Date: Aug, 2024
  • Pages: 234
  • Category: Chemicals & Materials
  • Format: PDF
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Market Introduction

The global abrasives market is expected to reach USD 60.94 billion by 2033, at a CAGR of 4.7% during the forecast period 2024-2033. Growing demand for abrasives from the automotive industry, driving the growth of global abrasives market. The manufacturing companies in the abrasives market benefit from stable revenue streams due to the continuous growth of the electronics and automotive industries. Various applications, including metal fabrication, transportation, and sandblasting, drive the demand for abrasive products. Technicians within these sectors rely on abrasives to cut hard materials such as steel or concrete, shape materials through grinding techniques, and polish finished goods, making them vital components in an increasingly important industry sector.

Manufacturers in the abrasives industry are ensuring a steady supply of high-quality consumables due to intense competition within the automotive and electronics markets. The demand for top-notch abrasives, which play a crucial role in assisting technicians and operators with production processes, has surged owing to the production of higher-priced automobiles and electronic devices. As metal fabrication continues to grow steadily, companies can capitalize on revenue opportunities presented by this expanding sector.

Abrasive materials refers to the hard crystals that are either found in nature or manufactured. This material is usually minerals, which are utilized to finish or shape workpieces through the tear, rubbing, or leading to wear. The most common material used as abrasives are boron nitride, silicon, aluminium, diamond, glass and walnut shells. These are specifically used in the metalworking as the abrasive grains can penetrate the hardest metal and alloys. The hardness of abrasive materials makes them suitable for working with the hardest materials such as glass, plastics, and stones. It is also used with soft materials such as rubber and wood.

Various applications of abrasives are including shaping, as in form grinding and tool sharpening; cleaning the surfaces by removing excess material, and sizing the material in precision grinding. The abrasives corrosion applications can be found in painting, printing, and coatings industries.  The abrasives are mainly classified into two types, such as natural and synthetic. Both types of abrasive materials are used in the various applications. Abrasive are usually supplies in the paste, powders, gains, and slurries form. The grain form of abrasives are classified on the basis of grain size. From the past few years, the manufacturing of abrasives are shifting from synthetic to naturals.  Increasing usage of abrasives for various end-use application is offering growth opportunities in the market.

Abrasives Market Size 

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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Raw Material
          4.3.2. Market Attractiveness Analysis By Type
          4.3.3. Market Attractiveness Analysis By End Use
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Rise in demand for abrasives in the automotive sector
          5.2.2. The expansion of the manufacturing sector across the globe
    5.3. Restrains
          5.3.1. High operating cost
    5.4. Opportunities
          5.4.1. Increasing technological advancement and product innovation in the abrasives market
    5.5. Challenges
          5.5.1. Fluctuation in the raw material prices

6. Global Abrasives Market Analysis and Forecast, By Raw Material
    6.1. Segment Overview
    6.2. Natural
    6.3. Synthetic

7. Global Abrasives Market Analysis and Forecast, By Type
    7.1. Segment Overview
    7.2. Coated Abrasives
    7.3. Bonded Abrasive
    7.4. Super Abrasives

8. Global Abrasives Market Analysis and Forecast, By End Use
    8.1. Segment Overview
    8.2. Aerospace
    8.3. Automotive
    8.4. Machinery
    8.5. Metal Fabrication
    8.6. Electric and Electronic Component
    8.7. Others

9. Global Abrasives Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global Abrasives Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in the Abrasives Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Product Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. 3M
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Tyrolit Group
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Asahi Diamond Industrial
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Robert Bosch GMBH
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Compagnie de Saint-Gobain S.A.
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. Henkel
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Deerfos
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Sak Industries
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Fujimi Incorporated
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. Carborundum Universal Limited
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis

List of Table

1. Global Abrasives Market, By Raw Material, 2020–2033 (USD Billion) (Kilotons)

2. Global Natural, Abrasives  Market, By Region, 2020–2033 (USD Billion) (Kilotons)

3. Global Synthetic, Abrasives Market, By Region, 2020–2033 (USD Billion) (Kilotons)

4. Global Abrasives Market, By Type, 2020–2033 (USD Billion) (Kilotons)

5. Global Coated Abrasives Market, By Region, 2020–2033 (USD Billion) (Kilotons)

6. Global Bonded Abrasives Market, By Region, 2020–2033 (USD Billion) (Kilotons)

7. Global Super Abrasives Market, By Region, 2017–2027(USD Billion)

8. Global Abrasives Market, By End Use, 2020–2033 (USD Billion) (Kilotons)

9. Global Aerospace Abrasives Market, By Region, 2020–2033 (USD Billion) (Kilotons)

10. Global Automotive Abrasives Market, By Region, 2020–2033 (USD Billion) (Kilotons)

11. Global Machinery Abrasives Market, By Region, 2020–2033 (USD Billion) (Kilotons)

12. Global Metal Fabrication Abrasives Market, By Region, 2020–2033 (USD Billion) (Kilotons)

13. Global Electric and Electronic Component Abrasives Market, By Region, 2017–2027(USD Billion)

14. Global Others Abrasives Market, By Region, 2020–2033 (USD Billion) (Kilotons)

15. Global Abrasives Market, By Region, 2020–2033 (USD Billion) (Kilotons)

16. North America Abrasives Market, By Raw Material, 2020–2033 (USD Billion) (Kilotons)

17. North America Abrasives Market, By Type, 2020–2033 (USD Billion) (Kilotons)

18. North America Abrasives Market, By End Use, 2020–2033 (USD Billion) (Kilotons)

19. U.S. Abrasives Market, By Raw Material, 2020–2033 (USD Billion) (Kilotons)

20. U.S. Abrasives Market, By Type, 2020–2033 (USD Billion) (Kilotons)

21. U.S. Abrasives Market, By End Use, 2020–2033 (USD Billion) (Kilotons)

22. Canada Abrasives Market, By Raw Material, 2020–2033 (USD Billion) (Kilotons)

23. Canada Abrasives Market, By Type, 2020–2033 (USD Billion) (Kilotons)

24. Canada Abrasives Market, By End Use, 2020–2033 (USD Billion) (Kilotons)

25. Mexico Abrasives Market, By Raw Material, 2020–2033 (USD Billion) (Kilotons)

26. Mexico Abrasives Market, By Type, 2020–2033 (USD Billion) (Kilotons)

27. Mexico Abrasives Market, By End Use, 2020–2033 (USD Billion) (Kilotons)

28. Europe Abrasives Market, By Raw Material, 2020–2033 (USD Billion) (Kilotons)

29. Europe Abrasives Market, By Type, 2020–2033 (USD Billion) (Kilotons)

30. Europe Abrasives Market, By End Use, 2020–2033 (USD Billion) (Kilotons)

31. Germany Abrasives Market, By Raw Material, 2020–2033 (USD Billion) (Kilotons)

32. Germany Abrasives Market, By Type, 2020–2033 (USD Billion) (Kilotons)

33. Germany Abrasives Market, By End Use, 2020–2033 (USD Billion) (Kilotons)

34. France Abrasives Market, By Raw Material, 2020–2033 (USD Billion) (Kilotons)

35. France Abrasives Market, By Type, 2020–2033 (USD Billion) (Kilotons)

36. France Abrasives Market, By End Use, 2020–2033 (USD Billion) (Kilotons)

37. U.K. Abrasives Market, By Raw Material, 2020–2033 (USD Billion) (Kilotons)

38. U.K. Abrasives Market, By Type, 2020–2033 (USD Billion) (Kilotons)

39. U.K. Abrasives Market, By End Use, 2020–2033 (USD Billion) (Kilotons)

40. Italy Abrasives Market, By Raw Material, 2020–2033 (USD Billion) (Kilotons)

41. Italy Abrasives Market, By Type, 2020–2033 (USD Billion) (Kilotons)

42. Italy Abrasives Market, By End Use, 2020–2033 (USD Billion) (Kilotons)

43. Spain Abrasives Market, By Raw Material, 2020–2033 (USD Billion) (Kilotons)

44. Spain Abrasives Market, By Type, 2020–2033 (USD Billion) (Kilotons)

45. Spain Abrasives Market, By End Use, 2020–2033 (USD Billion) (Kilotons)

46. Asia Pacific Abrasives Market, By Raw Material, 2020–2033 (USD Billion) (Kilotons)

47. Asia Pacific Abrasives Market, By Type, 2020–2033 (USD Billion) (Kilotons)

48. Asia Pacific Abrasives Market, By End Use, 2020–2033 (USD Billion) (Kilotons)

49. Japan Abrasives Market, By Raw Material, 2020–2033 (USD Billion) (Kilotons)

50. Japan Abrasives Market, By Type, 2020–2033 (USD Billion) (Kilotons)

51. Japan Abrasives Market, By End Use, 2020–2033 (USD Billion) (Kilotons)

52. China Abrasives Market, By Raw Material, 2020–2033 (USD Billion) (Kilotons)

53. China Abrasives Market, By Type, 2020–2033 (USD Billion) (Kilotons)

54. China Abrasives Market, By End Use, 2020–2033 (USD Billion) (Kilotons)

55. India Abrasives Market, By Raw Material, 2020–2033 (USD Billion) (Kilotons)

56. India Abrasives Market, By Type, 2020–2033 (USD Billion) (Kilotons)

57. India Abrasives Market, By End Use, 2020–2033 (USD Billion) (Kilotons)

58. South America Abrasives Market, By Raw Material, 2020–2033 (USD Billion) (Kilotons)

59. South America Abrasives Market, By Type, 2020–2033 (USD Billion) (Kilotons)

60. South America Abrasives Market, By End Use, 2020–2033 (USD Billion) (Kilotons)

61. Brazil Abrasives Market, By Raw Material, 2020–2033 (USD Billion) (Kilotons)

62. Brazil Abrasives Market, By Type, 2020–2033 (USD Billion) (Kilotons)

63. Brazil Abrasives Market, By End Use, 2020–2033 (USD Billion) (Kilotons)

64. Middle East and Africa Abrasives Market, By Raw Material, 2020–2033 (USD Billion) (Kilotons)

65. Middle East and Africa Abrasives Market, By Type, 2020–2033 (USD Billion) (Kilotons)

66. Middle East and Africa Abrasives Market, By End Use, 2020–2033 (USD Billion) (Kilotons)

67. UAE Abrasives Market, By Raw Material, 2020–2033 (USD Billion) (Kilotons)

68. UAE Abrasives Market, By Type, 2020–2033 (USD Billion) (Kilotons)

69. UAE Abrasives Market, By End Use, 2020–2033 (USD Billion) (Kilotons)

70. South Africa Abrasives Market, By Raw Material, 2020–2033 (USD Billion) (Kilotons)

71. South Africa Abrasives Market, By Type, 2020–2033 (USD Billion) (Kilotons)

72. South Africa Abrasives Market, By End Use, 2020–2033 (USD Billion) (Kilotons)

List of Figures 

1. Global Abrasives Market Segmentation

2. Abrasives Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Abrasives Market Attractiveness Analysis By Raw Material

9. Global Abrasives Market Attractiveness Analysis By Type

10. Global Abrasives Market Attractiveness Analysis By End Use

11. Global Abrasives Market Attractiveness Analysis By Region

12. Global Abrasives Market: Dynamics

13. Global Abrasives Market Share By Raw Material (2023 & 2033)

14. Global Abrasives Market Share By Type (2023 & 2033)

15. Global Abrasives Market Share By End Use (2023 & 2033)

16. Global Abrasives Market Share by Regions (2023 & 2033)

17. Global Abrasives Market Share by Company (2023)

This study forecasts revenue and volume growth at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global abrasives market on the basis of below mentioned segments:

Global Abrasives Market by Raw Material:

  • Natural
  • Synthetic

Global Abrasives Market by Type:

  • Coated Abrasives
  • Bonded Abrasives
  • Super Abrasives

Global Abrasives Market by End Use Industry:

  • Aerospace
  • Automotive
  • Machinery
  • Metal Fabrication
  • Electrical & Electronics Equipment
  • Others

Global Abrasives Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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