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The abrasives market is a powerful area impacted by an assortment of market factors that by and large shape its development and direction. One of the essential drivers is the assembling business' interest for abrasives in the creation processes. As assembling exercises keep on extending worldwide, the requirement for abrasives, fundamental in errands like crushing, cleaning, and cutting, ascents pair. The car area, specifically, assumes an essential part in driving the abrasives market forward. Abrasives are necessary in assembling and completing parts like motors and body parts, adding to the area's development.
Abrasives Market Size was esteemed at USD 51.70 billion out of 2021. The Abrasives market is projected to develop from USD 54.8 Billion out of 2022 to USD 87.80 billion by 2030, showing a build yearly development rate (CAGR) of 6.06%
Moreover, mechanical progressions and advancements contribute fundamentally to the market elements. Consistent innovative work endeavors lead to the presentation of additional productive and particular abrasives, taking care of explicit industry needs. For example, the improvement of superabrasives, like manufactured jewels and cubic boron nitride, has opened new roads for applications in accuracy machining and elite execution cutting apparatuses, further extending the market's extension.
Worldwide financial circumstances likewise apply a significant effect on the abrasives market. Financial development and industrialization drive expanded development exercises, prompting more prominent interest for abrasives in applications like substantial cleaning and surface planning. On the other hand, financial slumps can affect the market, as decreased development and assembling exercises might bring about a decrease in abrasives utilization.
Ecological contemplations have become progressively significant lately and are molding the abrasives market. There is a developing accentuation on feasible and eco-accommodating abrasives to address natural worries. Makers are investigating elective materials and creation processes that limit natural effect, lining up with the worldwide push towards greener practices. This change in customer inclinations and administrative compels urges organizations to take on additional economical works on, affecting the market's bearing.
Exchange strategies and international factors likewise assume a part in molding the abrasives market. Taxes, import/send out guidelines, and international strains can influence the accessibility and evaluating of unrefined substances, affecting the general market elements. Organizations need to explore these intricacies to guarantee a steady production network and moderate potential dangers related with international vulnerabilities.
Besides, the development business' exhibition is firmly connected to the abrasives market. The development area's development, driven by foundation improvement and urbanization, supports the interest for abrasives in applications like cutting and molding cement, tiles, and stones. Market players intently screen development drifts and put resources into item improvement to meet the advancing requirements of this key end-use area.
In conclusion, purchaser inclinations and purchasing behaviors add to the market's elements. As end-clients become seriously knowing, they look for abrasives that convey ideal execution as well as line up with their security and ecological contemplations. This developing customer scene impacts makers to zero in on item advancement, quality, and supportability, forming the general market patterns.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2022 | USD 54.8 billion |
| Growth Rate | 6.06% (2024-2032) |
Abrasives Market Highlights:
Global Abrasives Market Overview
Abrasives Market Size was valued at USD 51.70 billion in 2021. The Abrasives industry is projected to grow from USD 54.8 Billion in 2022 to USD 87.80 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.06% during the forecast period (2024 - 2030). Increasing demand from the automotive industry and Increasing demand from the metalworking industry are driving the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Abrasives Market Trends
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Increasing demand from the automotive industry
The abrasives are used for engine part size, vehicle body repair, and interior and external cleaning. These products are also used to clean the insides of pipes, smooth welds, smooth edges, and surfaces that will be oiled, fitted, polished, or painted. Coated and non-woven materials are used to refinish car bodywork, whilst grinding wheels are employed on cars. This significant demand from diverse applications in the automotive sector directly supports the industry's growth.
Non-engine components and accessories like as brakes, steering wheels, wheels, and axles are all made with abrasive materials. To gather tools, brakes have a specific abrasive with a non-directional scratch pattern. It is used to decrease discolouration and remove brake squeal on heat-sensitive metals. Sandpapers with abrasive grains are used to prepare and clean the inside and exterior of vehicles. Furthermore, escalating raw material price variations and economic conditions are projected to have a substantial influence on this industry.
In 2021, the number of automobiles manufactured in the United States surpassed 9.1 million, with each vehicle comprising hundreds of machined components, resulting in thousands of surfaces that needed to be finished with abrasive grinding. High throughput rates, resulting in greater grinding speeds, are required to maintain huge production volumes. These high speeds increase wear on grinding tools and greater operating temperatures, reducing abrasive life. As a result, frequent tooling modifications may be required, resulting in greater production costs. To enhance wear and longevity, one of the current trends in the automobile industry is to use stronger steel with better surface finishes. Grinding becomes more difficult on these tougher surfaces, which necessitates specific abrasives in some situations Thus, the increasing demand from the automotive industry is likely to drive the growth of the Abrasives market revenue.
In February 2024, Krebs & Riedel from Germany and GYSL introduced PROTEUS ABRASIVES as a partnership, which is a remarkable fusion of the finest precision engineering and grinding technology. The joint endeavor seeks to bring together German perfectionism with effective Asian production techniques in order to set new benchmarks.
Figure 1: Country-wise Top 10 Automotive Producers, 2021
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Abrasives Market Segment Insights
Abrasives Material Source Insights
The Abrasives market segmentation, based on source, includes natural, and synthetic. The synthetic segment held the majority share in 2021 contributing to around ~50%-52% with respect to the Abrasives market revenue. Synthetic abrasives, on the other hand, are the result of extensive processing of raw materials or chemical precursors, such as silicon carbide, synthetic diamond, and alumina. Because virtually all industrial uses require constant qualities, most natural abrasives have been replaced by synthetic compounds. With the exception of natural diamonds, the qualities of most of nature's abrasives are too varied. These synthetic abrasives are best suited for various applications such as grinding, and machining is preferred in automotive manufacturing as well as metal working applications.
September 2020: RPM International Inc. took over the activities of Ali Industries, LLC, a sandpaper maker. Ali Industries will be able to deliver an advanced product segment with an improved surface by adding abrasives to its portfolio of repair and cleaning goods as a result of this acquisition.
In March 2024, Norton Saint-Gobain Abrasives introduced Razor Star coated abrasives’ new three-pointed curved grain approach. The innovative technology has delivered impressive advantages such as cooler cuts and longer life when it comes to tough grinding applications, changing the grinding productivity of abrasive substances completely.
Abrasives Material Type Insights
The Abrasives market segmentation, based on type, includes Bonded, Coated, Super, and Others. The bonded segment held the majority share in 2021 contributing to around ~40%-42% with respect to the Abrasives market revenue. In the automotive industry, resin-bonded abrasives are widely utilized to machine a variety of driveline, suspension, body, and chassis components. For example, driveline components including engine block cylinders, cylinder heads, valves, crankshafts, camshafts, bearings, and gears require extremely precise, smooth, and polished surfaces to reduce friction and wear, maintain adequate sealing, and enable smooth, noise-free operation. Also, bonded abrasives are widely used in the building & construction industry for grinding, cutting, and polishing. Many materials of construction have to be shaped by mechanical methods, and operations such as grinding, cleaning, and polishing are likely to be used where such materials are hard or tough, or where smooth surfaces are required.
Abrasives Application Insights
The Abrasives market segmentation, based on Application, includes Automotive, Metalworking, Machinery, Electrical & Electronics, Construction, and Others. The Automotive segment dominated the market in 2021 and the Metalworking segment is projected to be the faster-growing segment during the forecast period, 2022-2030. This is due to Leading businesses are seeing rapid expansion. Metal fabrication-dependent industries such as aerospace, defense, and agriculture are all developing steadily. All of these elements point to a bright future for the sector. Furthermore, growing wages in Asia, as well as production reshoring to North America, are expected to fuel the growth of the metal fabrication business in the United States. Fabricators of steel and aluminum saw stronger growth due to increased demand for fabricated parts in the commercial construction, automotive, and aerospace industries. The market is expected to grow due to increased commercial, residential, and institutional activity. Hence, rising applications of Abrasives in Automotive and metalworking will positively impact market growth.
February 2022: Carborundum Universal Ltd has announced the acquisition of a 100% share in RHODIUS Abrasives. This purchase will broaden the company's geographical footprint and provide market-strengthening prospects in the worldwide market. This will further broaden the growth opportunity for the Abrasives industry.
Figure 2: Abrasives Market, by Application, 2021 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Abrasives Regional Insights
By Region, the study segments the market into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Asia-Pacific Abrasives market accounted for USD 29.2 billion in 2021 and is expected to exhibit an 6.25% CAGR during the study period. This is attributed to the robust growth of the automotive, metalworking and other industries in majoe economies in the region is fueling the demand for Abrasives.
Further, the major countries studied are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: ABRASIVES MARKET SHARE BY REGION 2021 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
North America Abrasives market accounts for the second-largest market share. Overall, the US is the world’s second-largest market for vehicle sales and production. Due to well-integrated North American supply chains, the vehicles produced in most of the countries comprise more than 40% of raw materials sourced from the US and Canada. The US exports of automotive parts and components have more than tripled between 2005 and 2020. Thus, the escalating growth of the automotive industry in the region is expected to drive the growth of the North America resin bonded abrasives market during the forecast period. Further, the USA Abrasives market held the largest market share and was the fastest-growing market in the region
The Europe Abrasives Market has a market share of 15%-16% in the abrasives market. This is due to growth in the automotive and metalworking industry. Moreover, Germany Abrasives market held the largest market share, and was the fastest growing market in the European region.
Abrasives Key Market Players & Competitive Insights
The Abrasives market is characterized by the presence of global, regional, and local players. The market is highly consolidated, with all the players competing to gain significant market share. The key market players of Abrasives compete based on cost, product quality, availability of raw materials, and durability of the product. They are engaged in expanding their production capacity and investing in R&D activities to gain an edge over competitors. Furthermore, the growing popularity of Abrasives in smart electronics and electric vehicles is expected to offer lucrative opportunities to manufacturers in the coming years. However, scarcity of raw materials is expected to hinder the growth of the market studied significantly.
Additionally, the adoption of various strategies by the Abrasives industry such as expansion, R&D, agreements, acquisitions, collaborations, and investments is expected to help these players to gain maximum revenue and long-term growth during the review period. The key participants in the Abrasives market are Asahi Diamond Industrial Co. Ltd, Saint Gobain Abrasives, 3M, Jason Incorporated, Norton Abrasives, Krebs And Riedel, Deerfos Co. Ltd, DowDuPont Inc., Sia Abrasives Industries AG, Carborundum Universal Ltd, Noritake Co. Ltd, Schaffner Manufacturing Company Inc., TYROLIT Group, Fujimi Incorporated.
3M is a diversified technology company with a presence. It operates through four business segments: safety and industrial, transportation and electronics, healthcare, and consumer. The company produces over 60,000 products under different brands, including abrasives, adhesives, laminates, personal protective equipment, window films, passive fire protection, paint protection films, and many more. The company operates through 64 manufacturing facilities in 29 states in the US. Internationally, the company has 97 manufacturing and converting facilities across 35 countries.
Also, Norton Abrasives is the world’s leading supplier of abrasives and high-performance materials. In 1990, Saint-Gobain acquired Norton Company but retained the Norton brand name for many of its products supplies across the globe. Saint-Gobain Abrasives, the world’s leading abrasives manufacturer, is the only international supplier of abrasives that manufactures each of the three major types of abrasives: Bonded Abrasives, Coated Abrasives, and Diamond and CBN products. It offers a wide range of products to diverse industries aerospace, automotive, consumer, electronics, energy, food & beverage, industrial, and life sciences. The company has around 63 manufacturing facilities in around 15 countries ly. The company has a presence in more than 67 countries with solutions that serve every major market worldwide.
List of the Key Companies in the Abrasives market includes
- Asahi Diamond Industrial Co. Ltd
- Saint Gobain Abrasives
- 3M
- Jason Incorporated
- Norton Abrasives
- Krebs And Riedel
- Deerfos Co. Ltd
- DowDuPont Inc.
- Sia Abrasives Industries AG
- Carborundum Universal Ltd
- Noritake Co. Ltd
- Schaffner Manufacturing Company Inc.
- TYROLIT Group
- Fujimi Incorporated.
Abrasives Industry Developments
In October 2023, Tyrolit Group announced that it had acquired Acme Holding Company. The company is a US-based manufacturer of abrasives that is located in Michigan. This move is aimed at fusing its business portfolio of grinding with specialty abrasive solutions. It will be the seventh plant in this product category in Michigan and will play an important role in important sectors like foundries, steel, and rail.
In October 2023, Saint-Gobain signed an agreement to collaborate with Dedeco Abrasive Products Corporation to market Dedeco’s sunburst abrasive line. This partnership aligns with the company’s comprehensive goal of delivering abrasive solutions.
In May 2023, Jowitt & Rodgers Co., based in Philadelphia, Pennsylvania, United States, was purchased by Sak Abrasives Limited. Jowitt & Rodgers Co.’s resin-bonded grinding wheels, discs, and segments were added as part of this acquisition, expanding the company’s product portfolio.
In August 2022, Tyrolit bought over a 75% stake in Egeli Egesan Group. It shows how much effort the firm is putting into increasing its market presence in Middle Eastern regions by producing abrasive products. In acquiring a controlling interest in Egeli Egesan Group, Tyrolit intends to utilize its capabilities and skills to augment its share of the market, resulting in sustainable growth.
In August 2023, material solutions company 3M launched India's first-ever robotic lab for abrasives in Bengaluru. “India is a growing market, hence the investment,” said Terry Ceuleman, Global Application Engineering Director, Robotics Automation, 3M. Worldwide, it is their seventeenth lab like that one.
Abrasives Market Segmentation
Abrasives Source Outlook
- Natural
- Synthetic
Abrasives Type Outlook
- Bonded
- Coated
- Super
- Others
Abrasives Application Outlook
- Automotive
- Metalworking
- Machinery
- Electrical & Electronics
- Construction
- Others
Abrasives Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest Of Middle East & Africa
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