Market Overview:
The global abrasives market exhibited moderate growth during 2015-2020. Abrasives refer to mineral-based substances that are used for polishing, grinding and cleaning surfaces. They are utilized in ultrasonic machining, abrasive jet machining and magnetic field-assisted polishing. Besides this, as they help remove excess sizing, slicing and material, they are commonly employed in the manufacturing of intricate components or creating ultra-smooth surfaces for machines and aircraft. They also find extensive application in the automotive sector for lowering noise levels, minimizing carbon emissions and manufacturing automotive parts, such as mirrors, valve springs and fuel and de-aeration tanks.
At present, the market is experiencing growth on account of the burgeoning automotive industry. Moreover, the thriving electronics and manufacturing industries act as another growth-inducing factor. Abrasives are used in these industries to scrape the metal in small amounts for manufacturing semiconductors and other electronic equipment with precision. Apart from this, leading players are focusing on various product innovations, such as the development of polyester- and fabric-based abrasives. They are also introducing advanced coated abrasives for metal fabrication, which is propelling the abrasives market growth. Besides this, the growing adoption of super-abrasives, such as industrial diamonds for precision grinding and cutting of hard metals, is also boosting their sales worldwide. However, due to the sudden outbreak of the coronavirus disease (COVID-19), governments of numerous countries have imposed complete lockdowns. This, along with disruptions in the supply chain and the unavailability of labor, has halted the operations of various manufacturing units and negatively impacted the growth of the market. The market will experience growth once normalcy is regained. Looking forward,the global abrasives market is expected to grow at a CAGR of around 4% during the forecast period (2021-2026).
Rapid urbanization, inflating income levels and the rising global population have boosted the sales of automobiles worldwide. This, along with the increasing utilization of abrasives for reducing CO2 emissions of high-performance engines and noise levels in automobiles, is strengthening the growth of the market. Moreover, the thriving electronics and manufacturing industries act as another growth-inducing factor. Abrasives are used in these industries to scrape the metal in small amounts for manufacturing semiconductors and other electronic equipment with precision. Apart from this, the increasing construction activities are resulting in the escalating demand for super abrasives. The developments in the manufacturing industry have also enabled improvements in precision tooling, which is utilized in the production of smaller components with greater accuracy. This, in turn, is positively influencing the demand for abrasives. Furthermore, the leading players are focusing on various product innovations, such as the development of polyester- and fabric-based abrasives. They are also introducing advanced coated abrasives for metal fabrication, which is propelling the abrasives market growth. The growing adoption of super-abrasives, such as industrial diamonds for precision grinding and cutting of hard metals is also boosting their sales worldwide. However, due to the sudden outbreak of the coronavirus disease (COVID-19), governments of numerous countries have imposed complete lockdowns. This, along with disruptions in the supply chain and the unavailability of labor, has halted the operations of various manufacturing units and negatively impacted the growth of the market. The market is expected to revive once normalcy is regained.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global abrasives market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product type, end-use, and material type.
Report Coverage:
- Historical, Current and Future Market Trends
- Market Breakup by Product Type:
- Bonded Abrasives
- Coated Abrasives
- Super-abrasives
- Others
- Market Breakup by End-Use:
- Machinery
- Metal Fabrication
- Automotive
- Electronics
- Construction
- Others
- Market Breakup by Material Type:
- Natural Abrasives
- Synthetic Abrasives
- Market Breakup by Region:
- Asia Pacific
- Europe
- North America
- Latin America
- Middle East and Africa
Competitive Landscape:
The report has also analyzed the competitive landscape of the market with some of the key players being Robert Bosch GmbH, Dowdupont, Fujimi Incorporated, Compagnie De Saint-Gobain S.A., Henkel, 3M Company, Asahi Diamond Industrial, Carborundum Universal, Tyrolit Group, Nippon Resibon Corporation, Krebs & Riedel, Abrasiflex, Noritake, Deerfos, Sankyo-Rikagaku, etc.
Key Questions Answered in This Report:
The global abrasives market was worth US$ 48.0 Billion in 2020.
The market is presently witnessing growth on account of the increasing utilization of abrasives in the automotive industry for lowering noise levels, minimizing carbon emissions and manufacturing automotive components, such as mirrors, valve springs and fuel and de-aeration tanks.
Leading abrasives manufacturers are Robert Bosch GmbH, Dowdupont, Fujimi Incorporated, Compagnie De Saint-Gobain S.A., Henkel, 3M Company, Asahi Diamond Industrial, Carborundum Universal, Tyrolit Group, Nippon Resibon Corporation, Krebs & Riedel, Abrasiflex, Noritake, Deerfos, Sankyo-Rikagaku, etc.
According to the estimates by IMARC Group, the global abrasives market is expected to witness a CAGR of 4.50% from 2021 to 2026
The market has been analyzed on the basis of the product type into bonded abrasives, coated abrasives, super-abrasives and Others.
On the basis of the material type, the market has been bifurcated into natural and synthetic abrasives.
Based on the industries that use abrasives, that are automobile, mechanical, electrical and aircraft parts.
Leading players are coming up with product innovations, such as polyester- and fabric-based abrasives for wooden products. They are also introducing advanced coated abrasives for metal fabrication, which is propelling the global abrasives market growth.
There is a decline in the sales of abrasives due to the surging cases of the coronavirus disease (COVID-19) and consequent lockdown imposed by governments of different countries to prevent the spread of the pandemic.
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Abrasives Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product
5.5 Market Breakup by End-Use
5.6 Market Breakup by Material Type
5.7 Market Breakup by Region
5.8 Market Forecast
6 Market Breakup by Product
6.1 Bonded Abrasives
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Coated Abrasives
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Super-abrasives
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by End-Use
7.1 Machinery
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Metal Fabrication
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Automotive
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Electronics
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Construction
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Material Type
8.1 Natural Abrasives
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Synthetic Abrasives
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 Asia Pacific
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Europe
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 North America
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Middle East and Africa
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Latin America
9.5.1 Market Trends
9.5.2 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porter’s Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
13.1 Key Price Indicators
13.2 Price Structure
13.3 Margin Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Robert Bosch GmbH
14.3.2 Dowdupont
14.3.3 Fujimi Incorporated
14.3.4 Compagnie De Saint-Gobain S.A.
14.3.5 Henkel
14.3.6 3M Company
14.3.7 Asahi Diamond Industrial
14.3.8 Carborundum Universal
14.3.9 Tyrolit Group
14.3.10 Nippon Resibon Corporation
14.3.11 Krebs & Riedel
14.3.12 Abrasiflex
14.3.13 Noritake
14.3.14 Deerfos
14.3.15 Sankyo-Rikagaku
List of Figures
Figure 1: Global: Abrasives Market: Major Drivers and Challenges
Figure 2: Global: Abrasives Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Abrasives Market: Breakup by Product Type (in %), 2020
Figure 4: Global: Abrasives Market: Breakup by End-Use (in %), 2020
Figure 5: Global: Abrasives Market: Breakup by Material Type (in %), 2020
Figure 6: Global: Abrasives Market: Breakup by Region (in %), 2020
Figure 7: Global: Abrasives Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 8: Global: Abrasives Industry: SWOT Analysis
Figure 9: Global: Abrasives Industry: Value Chain Analysis
Figure 10: Global: Abrasives Industry: Porter’s Five Forces Analysis
Figure 11: Global: Abrasives (Bonded Abrasives) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Abrasives (Bonded Abrasives) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Abrasives (Coated Abrasives) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Abrasives (Coated Abrasives) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Abrasives (Super-abrasives) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Abrasives (Super-abrasives) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Abrasives (Other Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Abrasives (Other Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Abrasives (Machinery) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Abrasives (Machinery) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Abrasives (Metal Fabrication) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Abrasives (Metal Fabrication) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Abrasives (Automotive) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Abrasives (Automotive) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Abrasives (Electronics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Abrasives (Electronics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Abrasives (Construction) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Abrasives (Construction) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Abrasives (Other End-Users) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Abrasives (Other End-Users) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Abrasives (Natural Abrasives) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Abrasives (Natural Abrasives) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Global: Abrasives (Synthetic Abrasives) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Global: Abrasives (Synthetic Abrasives) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Asia Pacific: Abrasives Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Asia Pacific: Abrasives Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Europe: Abrasives Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Europe: Abrasives Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: North America: Abrasives Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: North America: Abrasives Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Middle East and Africa: Abrasives Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Middle East and Africa: Abrasives Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Latin America: Abrasives Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Latin America: Abrasives Market Forecast: Sales Value (in Million US$), 2021-2026
List of Tables
Table 1: Global: Abrasives Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Abrasives Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 3: Global: Abrasives Market Forecast: Breakup by End-Use (in Million US$), 2021-2026
Table 4: Global: Abrasives Market Forecast: Breakup by Material Type (in Million US$), 2021-2026
Table 5: Global: Abrasives Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Abrasives Market Structure
Table 7: Global: Abrasives Market: Key Players