"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Abrasives Market Size, Share & COVID-19 Impact Analysis, By Material (Natural and Synthetic), By Product (Bonded, Coated, and Super), By Application (Automotive, Electrical & Electronics, Metal Fabrication, Machinery, and Others), and Regional Forecast, 2020-2027

Region : Global | Format: PDF | Report ID: FBI102177

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

The global abrasives market size was valued at USD 42.08 billion in 2019 and is projected to reach USD 63.98 billion by 2027, exhibiting a CAGR of 5.7% during the forecast period.

COVID-19 Cover

This report covers COVID-19 impact analysis on Abrasives Market

Request Sample

Abrasives is a material or mineral which is used to shape a workpiece through the process of rubbing. The process is often used for material polishing to gain a smooth and reflective surface. It also involves the roughening of materials in matte, satin, or beaded finishes. They are used in the form of sandpapers, grinding wheels, polishes, honing stones, tumbling and vibratory mass-finishing media, pulp stones, sandblasting, ball mills, and other tools.


The important physical properties of this material include hardness, friability, toughness, grain shape and size, and degree of purity, as it should have strong bonding affinity and should withstand heat. Natural minerals used for production are bauxite, diamond, corundum, diatomite, whereas synthetic ones are made from carborundum, silicon carbide, fused aluminum oxide, and others. Sometimes, ceramics are also used for cutting, grinding, and polishing of materials.


Increasing demand in grinding and polishing applications in end-use industries such as automotive, metal fabrication, electronics and electrical (E&E) equipment, and machinery is expected to boost the market. Growing demand from the automotive industry is a major factor for driving the market. In the manufacturing of automotive components, these products play a vital role in modifying operating parameters such as lowering noise levels and reducing high-performance engine carbon dioxide emissions and component machining.


Impact on Abrasives Market due to COVID-19 Outbreak


The impact of the global pandemic has also integrated into sectors such as metal fabrication, machinery, automotive, and others. Disruption over the exports from Chinese large-scale manufacturing has created interruptions across. Moreover, in the U.S., the lockdown has caused plant closures which are adding to intense pressure on the global supply base where companies and consumers are at risk. The pandemic has created a global shift in the supply chain that is affecting the metal fabrication, machinery, automotive, and others industry, which in turn is leading to disruption and downshift in demand. Abrasives such as aluminum oxide, silicon carbide, boron nitride, and others are often found in nature by extracting from below ground. The global shutdown has influenced the mining activities and thus creating pressure on the demand. Strict government regulation for raw material production and shutdown of manufacturing units is expected to be the greatest constraints.


LATEST TRENDS


Request a Free sample to learn more about this report.


Increasing Demand for Super Abrasives in High-Performance Applications


Super abrasives are instruments which are used to grind precision on account of their extraordinary strength, unparalleled durability, and longevity properties. To make super ones, grinding plates and materials are connected to a plate. Industrial diamonds belong to this family, an industrial diamond is a non-gem quality small diamond for cutting and drilling devices.


These grinding wheels have more than extraordinary strength, unparalleled durability, and longevity as their benefits. Research and development are currently under way in the areas such as an increasing number of industries, custom built "hard to grind" materials, creep or deep feed grinding, high-speed, high-performance hard steel grinding, forms grinding in high-precision, high-removal and high-surface efficiency applications, often with electroplating, and others.


DRIVING FACTORS


Rising Demand from Automotive Industry Will Aid the Market Growth


The automotive industry is expected to drive the global market growth. They are also used for repairing, engine parts sizing, cleaning of auto body, interior, and exterior. These products are also used to clean the insides of pipes, smooth welds, smooth edges and surfaces for oiling, fitting, polishing or painting. Coated and non-woven, both are used to refinish auto bodies, whereas grinding wheels are used for engine of automobiles. This high demand from various applications within the automobile industry is directly supporting industry growth.


Additionally, many such products are used for non-engine parts & accessories such as brakes, steering wheels, wheels, and axles. Brakes have a special abrasive with non-directional scratch pattern fitting to collet tool. It is used for eliminating the brake squeal and also reducing discoloration on heat-sensitive metals. Sandpapers are used for prepping and polishing of the interior and exterior of automobiles. Furthermore, rising raw material price fluctuations and economic conditions are expected to impact the market significantly.


RESTRAINING FACTORS


Rising Price of Coated Abrasives Likely to Restrict Market Growth


The cost of raw materials for coated products, labor force, energy sources, and environmental governance increased, placing great pressure on industry enterprises. CMTBA's Coated Sub-Association specially convened 13 domestic manufacturing firms, and held a meeting in Zhengzhou to examine the situation and study the countermeasures. At the conference, summarized three major problems faced by manufacturers of coated products. First, the prices of raw materials and auxiliary materials, labor costs and logistics costs have all increased significantly. Second, the effect of China's strict environmental protection policies on enterprises, some raw materials manufacturing companies suspended output or reduced production. Third, the manufacturing sector's systemic overcapacity resulted in a severe competition market.


SEGMENTATION


By Material Analysis


Synthetic Abrasives Segment to Hold a Significant Share of the Global Market


Based on material, the market is segmented into natural and synthetic. Synthetic ones are the product made through the processing of chemical precursors or raw materials. These materials include synthetic diamond, silicon carbide, and alumina. These can be used for various applications due to changeable grain shape, making changes in the purity, and by controlling the crystal structure within the grains. These customizable properties are giving a positive outlook on market growth.  


Natural abrasives are extensively used in a wide range of domestic, industrial, and technological applications. These include corundum, diamond, and emery, as they occur naturally, which can be mined and processed for use with less variation. The increasing use in the automotive industry is the major factor driving market demand.


By Product Analysis


Coated Abrasives is Expected to Generate the Highest Revenue during the Forecast Period


On the basis of product, the market is segmented into bonded abrasives, coated, and super. The coated segment held the major Abrasives Market share. Coated ones consist of grains, a backing material, and bonding adhesive. Each of these components gives the product a unique quality making it suitable for various applications. The grain contains aluminum oxide, zirconia alumina, and others, also backing material includes papers or cloth. Utilization of coated products in consumer goods, fabrication, hand and power tools, general engineering, furniture, surgical products such as implants & prosthetics will drive the market growth.


Additionally, super abrasive segment demand is increasing in applications such as precision edging in automotive, construction, and woodworking tools. These products come in the form of grinding wheels or rectification tools that are used to shape too fragile or too hard materials such as glass in the automotive and construction industry, ceramic compounds, and others. A rise in demand from the automotive and construction sectors is expected to contribute to an increase in the market size considerably.


By Application Analysis


To know how our report can help streamline your business, Speak to Analyst


Metal Fabrication Segment is Anticipated to Exhibit a Significant CAGR During the Forecast Period


On the basis of applications, the market is categorized into automotive, electrical and electronics, metal fabrication, machinery, and others. Metal fabrication is expected to expand at a rapid pace during the forecast period. Metal fabrication is used to manufacture metal structures by bending, cutting, and assembling processes. These are used as cut-off saws, also called as chop saws, having the steel-cutting abrasive disks for cutting of metals into the desired shape. Other products for metal fabrication are fiber discs and flap discs, mainly used for grinding down metals and blending the surfaces.


In automotive applications, these are mainly used as grinding wheels and grinding segments to smoothen or roughen the surface for polishing, fitting, or painting. Increasing applications in for cleaning, deburring, and repairing the auto parts will lead to a growth of the market.


Abrasives have also witnessed high demand from the machinery and electrical & electronics segments. This demand has been caused due to new unique and attractive types. They are used for insulation and blending of wiring in the electrical and electronics segment, also rubber bonded ones are used in the manufacturing of semiconductors and electronic applications such as back grinding, CMP pad dressing, IC die-cutting, wafer slicing, and other manufacturing operations. In addition, these have application as flexible belts, wide belts, seeded gel, and nonwoven fabric for advanced ceramics and metal matrix composites.


REGIONAL INSIGHTS


North America Abrasives Market Size, 2019 (USD Billion)

To get more information on the regional analysis of this market, Request a Free sample


The market size in North America stood at USD 4.94 billion in 2019. Asia Pacific accounted for the highest market share in terms of revenue and is likely to maintain this trend during the forecast period due to advancement in technology along with growing construction industries may support the growing need in China, Japan, and India. China is the major consumer due to high demand from the metal fabrication and machinery business, which will boost the market demand.


Europe is a hub for automobile production, which in turn increases product consumption. Furthermore, high level of cleaning and maintenance of these automobiles is also a major factor increasing the market in the region.


North America is expected to expand at considerable pace during the forecast time period. U.S. market is growing owing to the rapid development of precision tooling and machine part manufacturing, along with technological advancement in the region is expected to promote market growth in the forthcoming years.


In Latin America, Mexico, Argentina, and Brazil are the major countries that will support the market to drive the growth. This growth in the region can be attributed with the increasing automotive, aerospace, construction, and furniture industries.  


The Middle East & Africa market, driven by Saudi Arabia and South Africa is expected to observe a substantial growth during the forecast timeframe. Rising woodworking, solid surface grinding and polishing, metal fabrication for construction industry in the region indicates the increasing demand that will lead to the overall market growth.


KEY INDUSTRY PLAYERS


Key Market Players Are Expected to Strengthen the Market Position by Offering Abrasives to the Automotive Industry


The major producers are present in Europe. Some of the key market players are 3M, Saint-Gobain, Krebs & Riedel, DuPont, and Robert Bosch GmbH. Krebs & Riedel is a German manufacturing company of grinding wheels. The company offers various product range including cutting discs, conventional grinding wheels, cup wheels, and super abrasives production such as diamond and CBN wheels in vitrified bonds. On the other hand, Saint-Gobain manufacture products, offering a complete portfolio of high-performance, precise and comfortable solutions for polishing, shaping and cutting all types of materials. Similarly, other key players in the market have developed strong regional presence, distribution channels, and product offerings. Companies are forming strategies to expand their business and enhancing product portfolio to create opportunities in the value chain.


LIST OF KEY COMPANIES PROFILED:



  • The 3M Company (U.S.)

  • Saint-Gobain (U.S.)

  • Krebs & Riedel (Germany)

  • Asahi Diamond Industrial Co., Ltd. (Japan)

  • Robert Bosch GmbH (Germany)

  • Fujimi Incorporated (Japan)

  • Henkel AG & Co. KGaA (Germany)

  • Carborundum Universal Limited (India)

  • NIPPON RESIBON CORPORATION (Japan)

  • KWH Mirka (Finland)

  • NORITAKE CO., LIMITED (Japan)

  • Other Key Players


KEY INDUSTRY DEVELOPMENTS:



  • February 2019 Brookstone Partners acquired Virginia Abrasives ("VAC"). VAC produces and distributes to professional flooring, equipment rental, and industrial flooring markets. This acquisition will help VAC to drive its organic growth by expanding its product offerings. Brookstone Partners will boost VAC growth by seeking to acquire complementary firms to meet the evolving needs of its customers.


REPORT COVERAGE


An Infographic Representation of Abrasives Market

To get information on various segments, share your queries with us



The abrasives market report provides a detailed analysis of the market and focuses on crucial aspects such as leading companies, applications, and types. Also, the report offers insights into abrasives industry trends and highlights vital industry developments. In addition to the factors mentioned above, the report encompasses various factors that have contributed to the growth of the market over recent years.


To gain extensive insights into the market, Request for Customization


Report Scope & Segmentation











































 ATTRIBUTE



 DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Million) and Volume (KT)



Segmentation



By Material



  • Natural Abrasives

  • Synthetic Abrasives



By Product



  • Bonded 

  • Coated 

  • Super 



By Application



  • Automotive

  • Electrical & Electronics

  • Metal Fabrication

  • Machinery

  • Others



By Geography



  • North America (U.S., and Canada)

  • Europe (Germany, UK, France, Italy,  Spain, Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, South Korea, and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and Rest of Latin America)

  • Middle East & Africa (Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa)



 


 


Frequently Asked Questions

Fortune Business Insights says that the global abrasives market size was USD 42.08 billion in 2019 and is projected to reach USD 63.98 billion by 2027.

In 2019, the market value stood at USD 42.08 billion.

Growing at a CAGR of 5.7%, the market will exhibit steady growth in the forecast period (2020-2027).

The synthetic segment is the leading segment on the basis of material

Rising Demand from Automotive Industry Will Aid the Market Growth

Robert Bosch GMBH, 3M Company, Saint-Gobain Abrasives, Inc., and Fujimi Incorporated are few of the leading players in the global market.

Asia Pacific dominated the global market in 2019.

Rising demand from automotive industry for auto parts application is an important market trend.

Abrasives Market Size, Share and Global Industry Trend Forecast till 2026
  • Aug, 2020
  • 2019
  • 2016-2018
  • 100

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization

Chemicals & Materials Clients

Dow_Chemical_logo

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info.
X