Market Overview:
The global abrasives market reached a value of US$ 43.5 Billion in 2019. 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, IMARC Group expects the market value to reach US$ 59.7 Billion by 2025, at a CAGR of 5.4% during 2020-2025.
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 2020-2025. Our report has categorized the market based on region, type, service, organization size, and verticle.
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$ 43.5 Billion in 2019.
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.
The abrasives market is anticipated to exhibit a CAGR of 5.4% during 2020-2025.
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.
The global abrasives market value to reach US$ 59.7 Billion by 2025, at a CAGR of 5.4% during 2020-2025.
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 Market Breakup by Product
5.4 Market Breakup by End-Use
5.5 Market Breakup by Material Type
5.6 Market Breakup by Region
5.7 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 Electronics
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 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
12 Value Chain Analysis
13 Porter’s Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
14.1 Key Price Indicators
14.2 Price Structure
14.3 Margin Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Robert Bosch GmbH
15.3.2 Dowdupont
15.3.3 Fujimi Incorporated
15.3.4 Compagnie De Saint-Gobain S.A.
15.3.5 Henkel
15.3.6 3M Company
15.3.7 Asahi Diamond Industrial
15.3.8 Carborundum Universal
15.3.9 Tyrolit Group
15.3.10 Nippon Resibon Corporation
15.3.11 Krebs & Riedel
15.3.12 Abrasiflex
15.3.13 Noritake
15.3.14 Deerfos
15.3.15 Sankyo-Rikagaku
List of Figures
Figure 1: Global: Abrasives Market: Major Drivers and Challenges
Figure 2: Global: Abrasives Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Abrasives Market: Breakup by Product Type (in %), 2019
Figure 4: Global: Abrasives Market: Breakup by End-Use (in %), 2019
Figure 5: Global: Abrasives Market: Breakup by Material Type (in %), 2019
Figure 6: Global: Abrasives Market: Breakup by Region (in %), 2019
Figure 7: Global: Abrasives Market Forecast: Sales Value (in Billion US$), 2020-2025
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$), 2014 & 2019
Figure 12: Global: Abrasives (Bonded Abrasives) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 13: Global: Abrasives (Coated Abrasives) Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: Global: Abrasives (Coated Abrasives) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: Global: Abrasives (Super-abrasives) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: Global: Abrasives (Super-abrasives) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: Global: Abrasives (Other Types) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: Global: Abrasives (Other Types) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: Global: Abrasives (Machinery) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: Global: Abrasives (Machinery) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: Global: Abrasives (Metal Fabrication) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: Global: Abrasives (Metal Fabrication) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: Global: Abrasives (Transportation) Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: Global: Abrasives (Transportation) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: Global: Abrasives (Electronics) Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: Global: Abrasives (Electronics) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Global: Abrasives (Other End-Users) Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Global: Abrasives (Other End-Users) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: Global: Abrasives (Natural Abrasives) Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: Global: Abrasives (Natural Abrasives) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: Global: Abrasives (Synthetic Abrasives) Market: Sales Value (in Million US$), 2014 & 2019
Figure 32: Global: Abrasives (Synthetic Abrasives) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: Asia Pacific: Abrasives Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: Asia Pacific: Abrasives Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 35: Europe: Abrasives Market: Sales Value (in Million US$), 2014 & 2019
Figure 36: Europe: Abrasives Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 37: North America: Abrasives Market: Sales Value (in Million US$), 2014 & 2019
Figure 38: North America: Abrasives Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 39: Middle East and Africa: Abrasives Market: Sales Value (in Million US$), 2014 & 2019
Figure 40: Middle East and Africa: Abrasives Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 41: Latin America: Abrasives Market: Sales Value (in Million US$), 2014 & 2019
Figure 42: Latin America: Abrasives Market Forecast: Sales Value (in Million US$), 2020-2025
List of Tables
Table 1: Global: Abrasives Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Abrasives Market Forecast: Breakup by Product Type (in Million US$), 2020-2025
Table 3: Global: Abrasives Market Forecast: Breakup by End-Use (in Million US$), 2020-2025
Table 4: Global: Abrasives Market Forecast: Breakup by Material Type (in Million US$), 2020-2025
Table 5: Global: Abrasives Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 6: Global: Abrasives Market Structure
Table 7: Global: Abrasives Market: Key Players