Abrasives Market

SKU: DMMA343 | Last Updated On: Sep 09 2022 | Available Formats

> Abrasives Market Expected to reach a high CAGR By 2029: DataM Intelligence

Global Abrasives Market is segmented By Type (Bonded Abrasive, Coated Abrasive, Steel Abrasive, Super Abrasive, Others), By Material (Natural, Synthetic), By Application (Drilling, Grinding, Polishing, Cutting, Sharpening, Others), By End-user (Machinery, Automotive, Metal Fabrication, Electronic & Electrical Equipment, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

[150 Pages Report] Global Abrasives Market is the emerging market, and it is expected to grow at CAGR during the period (2022-2029).

Abrasives Market - Strategic Insights

Metrics

Details

Market CAGR

 4%

Segments Covered

By Type, By Material, By Application, By End-user and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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  • Abrasives are used in automotive, electronics, construction, and manufacturing industries to provide a superior polished surface finish during manufacturing.
  • Beyond this, they are used to shape materials through grinding and remove surface layers of paint or corrosion, cut hard materials made of steel or concrete, and polishes finished products.
  • Furthermore, investments in R&D activities to produce innovative and less hazardous abrasives are expected to provide opportunities for growth in the future.

Market Outlook

  • Abrasives market share covers a wide range variety of materials used on a large scale in various industries such as transportation, metal fabrication, machinery, and electronic equipment.
  • One of the fundamental properties an abrasive must possess is hardness and that it must be harder than the material to which is polished, ground or removed. The rapid expansion of automotive production is one of the critical trends increasing market growth.
  • The Asia Pacific region is estimated to maintain its dominance in the market throughout the forecast period regarding revenue as well as volume, followed by Europe and North America.
  • China is the leading domestic market for the production of abrasive materials and abrasive products. Various factors such as electronic equipment support the growth of the Asia-Pacific abrasives market forecast, increasing the production of automobiles, packaging and medical devices especially in emerging economies such as China and India.
  • The government norms and regulations on the use of silica abrasives, volatile prices of raw materials in the production of brushes are the significant challenges of the global abrasives market.

Market Drivers and Restraints

  • Robust growth of the construction sector worldwide is expected to drive the market and also due to rising environmental concerns, leading automobile manufacturers are manufacturing low-weight automobiles, which are economical, emit low carbon dioxide, and yet provide superior performance.

Product-based Analysis

  • Bonded Abrasives are an abrasive material contained within a matrix. Bonded Abrasives are required to be dressed after they are used. Throughout the industry, many developments have been made using new types of abrasive grain and bond developments to increase the performance of the bonded abrasive product.
  • Each product is designed to give a specific finish, speed of cutting and stock removal or cutting requirements. Bonded abrasives commanded the leading share of the market in 2016. The segment will continue to dominate the market until 2025.

Market Segmentation

By Type

  •  Bonded Abrasive
  •  Coated Abrasive
  •  Steel Abrasive
  •  Super Abrasive
  •  Others

By Material

  •  Natural
  •  Synthetic

By Application

  •  Drilling
  •  Grinding
  •  Polishing
  •  Cutting
  •  Sharpening
  •  Others

By Region

  •  Asia Pacific
  •  Europe
  •  North America
  •  South America
  •  Rest of the World

Trending Topics

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FAQ

What is the Abrasives Market growth?

The market is growing at a CAGR of 4%

What is Abrasives Market size in 2021

The Abrasives Market size was valued at USD YY million in 2021

Who are the key players in Abrasives Market?

Robert Bosch Gmbh, 3M, Dronco Gmbh, Nippon Resibon Corporation, Asahi Diamond Industrial Co., Ltd., Henkel AG & Company, KGaA, Tyrolit Group, Mirka Ltd., Henan Huanghe Whirlwind International Co., Ltd., Saint-Gobain Abrasives, Inc.

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