Global Abrasives Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Raw Material;

Natural and Synthetic - Metallic abrasives, Aluminum oxide, Silicon carbide and Others.

By Type;

Bonded Abrasive, Coated Abrasive and Super Abrasive.

By Bonding Agents;

Vitreous, Resin, Metal Bonded, Electroplated, Rubber and Others.

By End-Use Industry;

Aerospace, Automotive, Machinery, Metal Fabrication, Electrical & Electronics Equipment and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn495854736 Published Date: March, 2024 Updated Date: April, 2024

Introduction

Global Abrasives Market (USD Million), 2020 - 2030

In the year 2023, the Global Abrasives Market was valued at USD 52,995.13 million. The size of this market is expected to increase to USD 72,603.54 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 4.6%.

The global abrasives market is a critical sector within the broader industrial landscape, playing an indispensable role in manufacturing, construction, automotive, and various other industries. Abrasives are materials used for grinding, polishing, cutting, and shaping other materials through frictional forces. They are essential for achieving precision and efficiency in various industrial processes. The market encompasses a wide range of abrasive materials, including natural minerals like diamonds and quartz, as well as synthetic materials such as fused alumina and silicon carbide.

One of the key drivers propelling the growth of the global abrasives market is the expanding manufacturing sector worldwide. With increasing industrialization and infrastructure development in emerging economies, the demand for abrasives is witnessing steady growth. Moreover, technological advancements and innovations in abrasive materials and manufacturing processes are further augmenting market growth. Manufacturers are continuously striving to develop abrasives with enhanced performance characteristics, such as higher durability, improved precision, and reduced environmental impact.

Another significant factor influencing the abrasives market is the automotive industry. Abrasives are extensively utilized in automotive manufacturing processes, including metal fabrication, surface finishing, and polishing of vehicle components. As the automotive sector continues to evolve with the adoption of electric and autonomous vehicles, the demand for advanced abrasives tailored to the specific requirements of modern manufacturing processes is expected to rise.

The construction industry represents a substantial market for abrasives, particularly in applications such as concrete grinding, stone cutting, and surface preparation. With growing urbanization and infrastructure projects worldwide, the demand for abrasives in construction activities is projected to remain robust. Additionally, the increasing emphasis on sustainability and environmental regulations is driving the adoption of eco-friendly abrasive materials and processes, thereby reshaping the dynamics of the global abrasives market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Raw Material
    2. Market Snapshot, By Type
    3. Market Snapshot, By Bonding Agents
    4. Market Snapshot, By End-Use Industry
    5. Market Snapshot, By Region
  4. Global Abrasives Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Industrial Growth
        2. Technological Advancements
        3. Environmental Regulations
        4. Urbanization and Infrastructure Development
      2. Restraints
        1. Fluctuating Raw Material Prices
        2. Health and Safety Concerns
        3. Intense Competition
        4. Economic Uncertainties
      3. Opportunities
        1. Emerging Markets
        2. Technological Integration
        3. Renewable Energy Sector
        4. Shift towards Electric Vehicles
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Abrasives Market, By Raw Material, 2020 - 2030 (USD Million)
      1. Natural
      2. Synthetic
        1. Metallic abrasives
        2. Aluminum oxide
        3. Silicon carbide
        4. Others
    2. Global Abrasives Market, By Type, 2020 - 2030 (USD Million)
      1. Bonded Abrasive
      2. Coated Abrasive
      3. Super Abrasive
    3. Global Abrasives Market, By Bonding Agents, 2020 - 2030 (USD Million)
      1. Vitreous
      2. Resin
      3. Metal Bonded
      4. Electroplated
      5. Rubber
      6. Others
    4. Global Abrasives Market, By End-Use Industry, 2020 - 2030 (USD Million)
      1. Aerospace
      2. Automotive
      3. Machinery
      4. Metal Fabrication
      5. Electrical & Electronics Equipment
      6. Others
    5. Global Abrasives Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Robert Bosch Gmbh
      2. 3M Company
      3. Dupont
      4. Dronco Gmbh
      5. Saint-Gobain Abrasives, Inc
      6. Grupo Cosentino, S.L
      7. Fujimi Incorporated
      8. Asahi Diamond Industrial Co., Ltd
      9. Cumi Murugappa Group
      10. Kwh Mirka
  7. Analyst Views
  8. Future Outlook of the Market

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