Introduction
An abrasive is a material, often a mineral, that is used to shape or finish a workpiece through rubbing which leads to part of the workpiece being worn away by friction. While finishing a material often means polishing it to gain a smooth, reflective surface, the process can also involve roughening as in satin, matte or beaded finishes. In short, the ceramics which are used to cut, grind and polish other softer materials are known as abrasives.
Market Insights
According to Publisher’s latest study, the global Abrasives market size was valued at US$ 17270 million in 2023. With growing demand in downstream market, the Abrasives is forecast to a readjusted size of US$ 23990 million by 2030 with a CAGR of 4.8% during review period.
Global key players of Abrasives include Saint-Gobain, 3M, Bosch, HERMES and CUMI, etc. The top five players hold a share over 20%. Asia-Pacific is the largest market, has a share about 44%. In terms of product type, Bonded Abrasives is the largest segment, occupied for a share of about 60%, and in terms of application, Machinery Manufacturing has a share about 27 percent.
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A Bonafide Research industry report provides in-depth market analysis, trends, competitive insights, and strategic recommendations to help businesses make informed decisions.
The report on Abrasives market reflects various aspects and provide valuable insights into the industry.
Market Drivers and Challenges:
Market Drivers-
Growing Industrialization: One of the main factors propelling the abrasives market is the world's fast industrialization. The need for effective surface preparation and material removal rises with the expansion of industry. Abrasives facilitate accurate material shape, finishing, and cleaning, which fosters the expansion of the manufacturing sector and related businesses.
Improvements in Infrastructure and Construction: Because abrasives are used in stone cutting, concrete polishing, and surface preparation, the construction and infrastructure industries are the primary drivers of the demand for abrasives. The global market for abrasives is growing as a result of increasing urbanization, building renovations, and infrastructure projects.
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Boosting Automotive Production: One of the biggest users of abrasives is the automotive sector. The increased production of automobiles and the need for superior finishes have led to a widespread usage of abrasives in processes including deburring, grinding, and polishing. The market for abrasives benefits from the growth of the automobile industry.
Market Challenges-
Environmental Concerns: There may be health and environmental hazards associated with traditional abrasives, such as those that include silica or heavy metals. The sector confronts difficulties in cutting back on the usage of hazardous products, waste production, and emissions. It is quite difficult to develop ecologically friendly abrasives without sacrificing performance.
Price volatility for raw materials: Diamonds, silicon carbide, and aluminium oxide are among the raw materials used to make abrasives. Price fluctuations for these raw materials influence the cost of production and profitability of items made with abrasives. For the sector to be competitive, raw material costs must be carefully managed.
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Technological Developments:
Super abrasives: Thanks to technological developments, super abrasives such as cubic boron nitride (CBN) and synthetic diamonds have been created. Super abrasives are particularly hard and thermally stable, which makes it possible to machine hard materials like ceramics, composites, and hardened steels precisely and effectively.
Coated Abrasives: The backing materials, adhesives, and abrasive grain coatings for coated abrasives—like sandpaper and abrasive belts—have all advanced technologically. These developments expand the applications of products in metalworking, carpentry, and automobile refinishing by improving their performance, durability, and usability.
Bonded Abrasives and Ceramics Materials: Advanced ceramic bonding methods and abrasive grains have been developed to improve the performance and durability of bonded abrasive goods. These products provide enhanced cutting, grinding, and shaping capabilities for a variety of materials.
Recommendations and Opportunities:
Adopt Digitalization: Supply chain management can be improved, manufacturing processes can be streamlined, and product quality can be improved by adopting digital technologies including automation, robotics, and data analytics. Adoption of digitization makes predictive maintenance, real-time monitoring, and effective production planning possible, which boosts competitiveness and reduces costs.
Encourage Sustainability techniques: To limit environmental impact, reduce waste output, and improve the sustainability credentials of abrasive products, embrace resource efficiency, sustainable manufacturing techniques, and the circular economy.
Market Forecasts and Future Outlook:
Due to the need for high-precision production processes across a variety of industries, industrialization, and technological improvements, the worldwide abrasives market is expected to increase in the next years. The future of the abrasives market will be shaped by technological advancements, sustainability programs, and market development into emerging nations. These factors will present chances for market differentiation, growth, and innovation. Stakeholders in the worldwide abrasives market can effectively traverse problems, seize opportunities, and effect good change by embracing innovation, sustainability, and strategic alliances.
Market Size and Growth: The research report provide an overview of the current size and growth of the Abrasives market. It may include historical data, market segmentation by Type (e.g., Bonded Abrasives, Coated Abrasives), and regional breakdowns.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Abrasives market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Abrasives market. It includes factors influencing customer ' purchasing decisions, preferences for Abrasives product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Abrasives market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Abrasives market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assesses the environmental impact and sustainability aspects of the Abrasives market.
Market Segmentation:
Abrasives market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Bonded Abrasives
Coated Abrasives
Others
Segmentation by application
Machinery Manufacturing
Automotive
Steel Processing
Non-Ferrous Metal Processing
Grain Processing
Papermaking
Glass
Plastic
Rubber
Others
Segmentation by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
Key Players
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Saint-Gobain
3M
Bosch
HERMES
CUMI
Klingspor
VSM
Hubei Yuli Abrasive Belt Group
Bosun Co., Ltd.
PFERD
Sinomach Precision Industry
Reishauer
Sumitomo Group
Dongguan Golden Sun Abrasives
Guangdong Chuanghui Industrial
Asahi Diamond
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Abrasives Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Abrasives by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Abrasives by Country/Region, 2019, 2023 & 2030
2.2 Abrasives Segment by Type
2.2.1 Bonded Abrasives
2.2.2 Coated Abrasives
2.2.3 Others
2.3 Abrasives Sales by Type
2.3.1 Global Abrasives Sales Market Share by Type (2019-2024)
2.3.2 Global Abrasives Revenue and Market Share by Type (2019-2024)
2.3.3 Global Abrasives Sale Price by Type (2019-2024)
2.4 Abrasives Segment by Application
2.4.1 Machinery Manufacturing
2.4.2 Automotive
2.4.3 Steel Processing
2.4.4 Non-Ferrous Metal Processing
2.4.5 Grain Processing
2.4.6 Papermaking
2.4.7 Glass
2.4.8 Plastic
2.4.9 Rubber
2.4.10 Others
2.5 Abrasives Sales by Application
2.5.1 Global Abrasives Sale Market Share by Application (2019-2024)
2.5.2 Global Abrasives Revenue and Market Share by Application (2019-2024)
2.5.3 Global Abrasives Sale Price by Application (2019-2024)
3 Global Abrasives by Company
3.1 Global Abrasives Breakdown Data by Company
3.1.1 Global Abrasives Annual Sales by Company (2019-2024)
3.1.2 Global Abrasives Sales Market Share by Company (2019-2024)
3.2 Global Abrasives Annual Revenue by Company (2019-2024)
3.2.1 Global Abrasives Revenue by Company (2019-2024)
3.2.2 Global Abrasives Revenue Market Share by Company (2019-2024)
3.3 Global Abrasives Sale Price by Company
3.4 Key Manufacturers Abrasives Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Abrasives Product Location Distribution
3.4.2 Players Abrasives Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Abrasives by Geographic Region
4.1 World Historic Abrasives Market Size by Geographic Region (2019-2024)
4.1.1 Global Abrasives Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Abrasives Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Abrasives Market Size by Country/Region (2019-2024)
4.2.1 Global Abrasives Annual Sales by Country/Region (2019-2024)
4.2.2 Global Abrasives Annual Revenue by Country/Region (2019-2024)
4.3 Americas Abrasives Sales Growth
4.4 APAC Abrasives Sales Growth
4.5 Europe Abrasives Sales Growth
4.6 Middle East & Africa Abrasives Sales Growth
5 Americas
5.1 Americas Abrasives Sales by Country
5.1.1 Americas Abrasives Sales by Country (2019-2024)
5.1.2 Americas Abrasives Revenue by Country (2019-2024)
5.2 Americas Abrasives Sales by Type
5.3 Americas Abrasives Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Abrasives Sales by Region
6.1.1 APAC Abrasives Sales by Region (2019-2024)
6.1.2 APAC Abrasives Revenue by Region (2019-2024)
6.2 APAC Abrasives Sales by Type
6.3 APAC Abrasives Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Abrasives by Country
7.1.1 Europe Abrasives Sales by Country (2019-2024)
7.1.2 Europe Abrasives Revenue by Country (2019-2024)
7.2 Europe Abrasives Sales by Type
7.3 Europe Abrasives Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Abrasives by Country
8.1.1 Middle East & Africa Abrasives Sales by Country (2019-2024)
8.1.2 Middle East & Africa Abrasives Revenue by Country (2019-2024)
8.2 Middle East & Africa Abrasives Sales by Type
8.3 Middle East & Africa Abrasives Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Abrasives
10.3 Manufacturing Process Analysis of Abrasives
10.4 Industry Chain Structure of Abrasives
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Abrasives Distributors
11.3 Abrasives Customer
12 World Forecast Review for Abrasives by Geographic Region
12.1 Global Abrasives Market Size Forecast by Region
12.1.1 Global Abrasives Forecast by Region (2025-2030)
12.1.2 Global Abrasives Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Abrasives Forecast by Type
12.7 Global Abrasives Forecast by Application
13 Key Players Analysis
13.1 Saint-Gobain
13.1.1 Saint-Gobain Company Information
13.1.2 Saint-Gobain Abrasives Product Portfolios and Specifications
13.1.3 Saint-Gobain Abrasives Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Saint-Gobain Main Business Overview
13.1.5 Saint-Gobain Latest Developments
13.2 3M
13.2.1 3M Company Information
13.2.2 3M Abrasives Product Portfolios and Specifications
13.2.3 3M Abrasives Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 3M Main Business Overview
13.2.5 3M Latest Developments
13.3 Bosch
13.3.1 Bosch Company Information
13.3.2 Bosch Abrasives Product Portfolios and Specifications
13.3.3 Bosch Abrasives Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 Bosch Main Business Overview
13.3.5 Bosch Latest Developments
13.4 HERMES
13.4.1 HERMES Company Information
13.4.2 HERMES Abrasives Product Portfolios and Specifications
13.4.3 HERMES Abrasives Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 HERMES Main Business Overview
13.4.5 HERMES Latest Developments
13.5 CUMI
13.5.1 CUMI Company Information
13.5.2 CUMI Abrasives Product Portfolios and Specifications
13.5.3 CUMI Abrasives Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 CUMI Main Business Overview
13.5.5 CUMI Latest Developments
13.6 Klingspor
13.6.1 Klingspor Company Information
13.6.2 Klingspor Abrasives Product Portfolios and Specifications
13.6.3 Klingspor Abrasives Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 Klingspor Main Business Overview
13.6.5 Klingspor Latest Developments
13.7 VSM
13.7.1 VSM Company Information
13.7.2 VSM Abrasives Product Portfolios and Specifications
13.7.3 VSM Abrasives Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 VSM Main Business Overview
13.7.5 VSM Latest Developments
13.8 Hubei Yuli Abrasive Belt Group
13.8.1 Hubei Yuli Abrasive Belt Group Company Information
13.8.2 Hubei Yuli Abrasive Belt Group Abrasives Product Portfolios and Specifications
13.8.3 Hubei Yuli Abrasive Belt Group Abrasives Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Hubei Yuli Abrasive Belt Group Main Business Overview
13.8.5 Hubei Yuli Abrasive Belt Group Latest Developments
13.9 Bosun Co., Ltd.
13.9.1 Bosun Co., Ltd. Company Information
13.9.2 Bosun Co., Ltd. Abrasives Product Portfolios and Specifications
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