The global abrasives market reached a value of US$ 41.2 Billion in 2018. Abrasives refer to mineral-based substances that are used for polishing, grinding and cleaning softer materials or hard surfaces. Abrasives are classified into natural variants, including corundum, emery and pumice, and synthetic variants, which include silicon carbide, synthetic diamond and ceramic iron oxide, etc. For industrial applications, abrasives are commonly used for de-flashing, paint removal, blast cleaning, tool sharpening and metal cleaning. They also aid in the removal of excess material, sizing and slicing, and are used for the manufacturing of intricate components or ultra-smooth surfaces for automobile, mechanical, electrical and aircraft parts.
The growing automotive industry across the globe is one of the key factors driving the growth of the market. Abrasives are extensively used in the manufacturing of automotive components, including mirrors, valve springs, fuel and de-aeration tanks, and in modifying operating parameters, such as minimizing carbon emissions and lowering the noise levels. Furthermore, the growing adoption of super-abrasives such as industrial diamonds for precision grinding and cutting of hard metals is also providing a boost to the market. Additionally, the rapid growth of the electronics and manufacturing industries in the emerging nations is acting as another growth-inducing factor. Abrasives are utilized to scrape the metal in small amounts to manufacture semiconductors and other electronic equipment with precision and consistency. Moreover, various product innovations, such as the development of polyester- and fabric-based abrasives for wooden products, along with advanced coated abrasives for metal fabrication, are further creating a positive outlook for the market. Looking forward, IMARC Group expects the market to reach a value of US$ 57.5 Billion by 2024, registering a CAGR of 5.6% during 2019-2024.
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:
- How has the global abrasives market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global abrasives industry?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the material type?
- What is the breakup of the market based on the end-use?
- What are the various stages in the value chain of the global abrasives industry?
- What are the key driving factors and challenges in the global abrasives industry?
- What is the structure of the global abrasives industry and who are the key players?
- What is the degree of competition in the global abrasives industry?
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$), 2013-2018
Figure 3: Global: Abrasives Market: Breakup by Product Type (in %), 2018
Figure 4: Global: Abrasives Market: Breakup by End-Use (in %), 2018
Figure 5: Global: Abrasives Market: Breakup by Material Type (in %), 2018
Figure 6: Global: Abrasives Market: Breakup by Region (in %), 2018
Figure 7: Global: Abrasives Market Forecast: Sales Value (in Billion US$), 2019-2024
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$), 2013 & 2018
Figure 12: Global: Abrasives (Bonded Abrasives) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 13: Global: Abrasives (Coated Abrasives) Market: Sales Value (in Million US$), 2013 & 2018
Figure 14: Global: Abrasives (Coated Abrasives) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 15: Global: Abrasives (Super-abrasives) Market: Sales Value (in Million US$), 2013 & 2018
Figure 16: Global: Abrasives (Super-abrasives) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 17: Global: Abrasives (Other Types) Market: Sales Value (in Million US$), 2013 & 2018
Figure 18: Global: Abrasives (Other Types) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 19: Global: Abrasives (Machinery) Market: Sales Value (in Million US$), 2013 & 2018
Figure 20: Global: Abrasives (Machinery) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 21: Global: Abrasives (Metal Fabrication) Market: Sales Value (in Million US$), 2013 & 2018
Figure 22: Global: Abrasives (Metal Fabrication) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 23: Global: Abrasives (Transportation) Market: Sales Value (in Million US$), 2013 & 2018
Figure 24: Global: Abrasives (Transportation) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 25: Global: Abrasives (Electronics) Market: Sales Value (in Million US$), 2013 & 2018
Figure 26: Global: Abrasives (Electronics) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 27: Global: Abrasives (Other End-Users) Market: Sales Value (in Million US$), 2013 & 2018
Figure 28: Global: Abrasives (Other End-Users) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 29: Global: Abrasives (Natural Abrasives) Market: Sales Value (in Million US$), 2013 & 2018
Figure 30: Global: Abrasives (Natural Abrasives) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 31: Global: Abrasives (Synthetic Abrasives) Market: Sales Value (in Million US$), 2013 & 2018
Figure 32: Global: Abrasives (Synthetic Abrasives) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 33: Asia Pacific: Abrasives Market: Sales Value (in Million US$), 2013 & 2018
Figure 34: Asia Pacific: Abrasives Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 35: Europe: Abrasives Market: Sales Value (in Million US$), 2013 & 2018
Figure 36: Europe: Abrasives Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 37: North America: Abrasives Market: Sales Value (in Million US$), 2013 & 2018
Figure 38: North America: Abrasives Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 39: Middle East and Africa: Abrasives Market: Sales Value (in Million US$), 2013 & 2018
Figure 40: Middle East and Africa: Abrasives Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 41: Latin America: Abrasives Market: Sales Value (in Million US$), 2013 & 2018
Figure 42: Latin America: Abrasives Market Forecast: Sales Value (in Million US$), 2019-2024
List of Tables
Table 1: Global: Abrasives Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Abrasives Market Forecast: Breakup by Product Type (in Million US$), 2019-2024
Table 3: Global: Abrasives Market Forecast: Breakup by End-Use (in Million US$), 2019-2024
Table 4: Global: Abrasives Market Forecast: Breakup by Material Type (in Million US$), 2019-2024
Table 5: Global: Abrasives Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 6: Global: Abrasives Market Structure
Table 7: Global: Abrasives Market: Key Players