The global abrasives market was valued at $34,615 million in 2016, and is projected to reach $53,634 million by 2023, growing at a CAGR of 6.5% from 2017 to 2023.
Key drivers of the abrasives market include the rising automotive industry. The demand for abrasive materials in the electronics and construction industry will spur the growth of the abrasives market during the forecast period. Moreover, the strict regulations regarding synthetic abrasives and fluctuations in raw material prices will restrain the market demand during the review period. However, R&D initiatives for innovative products will bolster the abrasives market in the upcoming years.
Automotive industry growth
The worldwide auto demand is growing rapidly as several commercial and passenger cars make their way into the market. Abrasives are used extensively in the automobile industry for engine part sizing, cleaning of interior body parts, accessories, repairs, etc. It helps in cleaning the insides of pipes and smoothens out surfaces, welds for oiling, painting, polishing, and fitting. Precision abrasives are also used in grinding and finishing electric vehicle components. These factors will propel the growth of the abrasives market during the forecast period.
Electronics and construction sector
Electronic chip processing, LEDs, wafer production, and manufacturing of optical electric components use abrasives as one of the ingredients. The material is used widely for grinding, cutting, sanding, polishing, sharpening, and for removing the metallic burr, etc. The other extensive uses include metal fabrication, furnishing, stainless steel cutting, and cleaning. These are going to drive the growth of the abrasives market in the upcoming years.
Volatile raw material prices
Coated abrasives face stiff competition due to fluctuating raw material prices owing to changes in labor and logistics costs. The pricing is set to increase as government authorities around the world clamp down on pollution activities. The strict environmental regulations have forced enterprises to suspend their production altogether which will create supply chain constraints. This will in turn hamper the abrasives market expansion during the review period.
Innovative solutions
The continuous R&D initiatives have given rise to abrasive water jet machining technology. It allows precise polishing, drilling, and turning. Then there are sol-gel abrasives containing ceramic alumina which enhance the cutting and grinding process. It increases the product life and has a high removal rate without compromising on the processing quality. The strength and durability are increased manifold. Such rapid developments will push the abrasives market forward in the coming decades.
Based on type, bonded abrasives will grow the highest in the abrasives market share at a CAGR Of 6.4% during the review period due to precision grinding and polishing in the automotive and construction industry.
Based on material, synthetic abrasives will offer huge growth potential in the abrasives market share as they can be molded and customized as per varied applications.
Based on the end-user industry, the automotive segment will witness considerable growth in the abrasives market share due to widespread use in polishing, grinding, cleaning, and finishing automotive car parts. It will grow at a CAGR of 6.7%.
Based on region, Asia-pacific maintained the lead in the abrasives market share with 40% and will grow at a CAGR of 5.2%. This is due to rapid urbanization and huge infrastructural developments. China occupied two-fifth of the Asia-pacific market and Italy will grow at a CAGR of 6.8%.
North America
Europe
Asia-Pacific
LAMEA
The other players in the value chain (profiles not included in the report) include:
*The above list of companies is not profiled in the report, and can be added based on client interest.
Table 1. Global Abrasives Market Value, By Type, 2016-2023 ($million)
Table 2. Global Abrasives Market Volume, By Type, 2016-2023 (Kilotons)
Table 3. Global Bonded Abrasives Market Value, By Geography, 2016-2023 ($million)
Table 4. Global Bonded Abrasives Market Volume, By Geography, 2016-2023 (Kilotons)
Table 5. Global Coated Abrasives Market Value, By Geography, 2016-2023 ($million)
Table 6. Global Coated Abrasives Market Volume, By Geography, 2016-2023 (Kilotons)
Table 7. Global Super Abrasives Market Value, By Geography, 2016-2023 ($million)
Table 8. Global Super Abrasives Market Volume, By Geography, 2016-2023 (Kilotons)
Table 9. Global Bonded Abrasives Market Value, By End-user Industry, 2016-2023 ($million)
Table 10. Global Bonded Abrasives Market Volume, By End-user Industry, 2016-2023 (Kilotons)
Table 11. Global Coated Abrasives Market Value, By End-user Industry, 2016-2023 ($million)
Table 12. Global Coated Abrasives Market Volume, By End-user Industry, 2016-2023 (Kilotons)
Table 13. Global Super Abrasives Market Value, By End-user Industry, 2016-2023 ($million)
Table 14. Global Super Abrasives Market Volume, By End-user Industry, 2016-2023 (Kilotons)
Table 15. Global Abrasives Market Value, By Material, 2016-2023 ($million)
Table 16. Global Abrasives Market Volume, By Material, 2016-2023 (Kilotons)
Table 17. Global Natural Abrasives Market Value, By Geography, 2016-2023 ($million)
Table 18. Global Natural Abrasives Market Volume, By Geography, 2016-2023 (Kilotons)
Table 19. Global Synthetic Abrasives Market Value, By Geography, 2016-2023 ($million)
Table 20. Global Synthetic Abrasives Market Volume, By Geography, 2016-2023 (Kilotons)
Table 21. Global Abrasives Market Value, By End-user Industry, 2016-2023 ($million)
Table 22. Global Abrasives Market Volume, By End-user Industry, 2016-2023 (Kilotons)
Table 23. Global Abrasives In Automotive Industry Market Value, By Geography, 2016-2023 ($million)
Table 24. Global Abrasives In Automotive Industry Market Volume, By Geography, 2016-2023 (Kilotons)
Table 25. Global Abrasives In Metal Fabrication Industry Market Value, By Geography, 2016-2023 ($million)
Table 26. Global Abrasives In Metal Fabrication Industry Market Volume, By Geography, 2016-2023 (Kilotons)
Table 27. Global Abrasives In Machinery Industry Market Value, By Geography, 2016-2023 ($million)
Table 28. Global Abrasives In Machinery Industry Market Volume, By Geography, 2016-2023 (Kilotons)
Table 29. Global Abrasives In Electronics Industry Market Value, By Geography, 2016-2023 ($million)
Table 30. Global Abrasives In Electronics Industry Market Volume, By Geography, 2016-2023 (Kilotons)
Table 31. Global Abrasives In Construction Industry Market Value, By Geography, 2016-2023 ($million)
Table 32. Global Abrasives In Construction Industry Market Volume, By Geography, 2016-2023 (Kilotons)
Table 33. Global Abrasives In Other Industries Market Value, By Geography, 2016-2023 ($million)
Table 34. Global Abrasives In Other Industries Market Volume, By Geography, 2016-2023 (Kilotons)
Table 35. Global Abrasives Market Value, By Geography, 2016-2023 ($million)
Table 36. Global Abrasives Market Volume, By Geography, 2016-2023 (Kilotons)
Table 37. North America Abrasives Market Value, By Type, 2016-2023 ($million)
Table 38. North America Abrasives Market Volume, By Type, 2016-2023 (Kilotons)
Table 39. North America Abrasives Market Value, By Material, 2016-2023 ($million)
Table 40. North America Abrasives Market Volume, By Material, 2016-2023 (Kilotons)
Table 41. North America Abrasives Market Value, By End-user Industry, 2016-2023 ($million)
Table 42. North America Abrasives Market Volume, By End-user Industry, 2016-2023 (Kilotons)
Table 43. North America Abrasives Market Value, By Country, 2016-2023 ($million)
Table 44. North America Abrasives Market Volume, By Country, 2016-2023 (Kilotons)
Table 45. U.s. Abrasives Market Value, By Type, 2016-2023 ($million)
Table 46. U.s. Abrasives Market Volume, By Type, 2016-2023 (Kilotons)
Table 47. Canada Abrasives Market Value, By Type, 2016-2023 ($million)
Table 48. Canada Abrasives Market Volume, By Type, 2016-2023 (Kilotons)
Table 49. Mexico Abrasives Market Value, By Type, 2016-2023 ($million)
Table 50. Mexico Abrasives Market Volume, By Type, 2016-2023 (Kilotons)
Table 51. Europe Abrasives Market Value, By Type, 2016-2023 ($million)
Table 52. Europe Abrasives Market Volume, By Type, 2016-2023 (Kilotons)
Table 53. Europe Abrasives Market Value, By Material, 2016-2023 ($million)
Table 54. Europe Abrasives Market Volume, By Material, 2016-2023 (Kilotons)
Table 55. Europe Abrasives Market Value, By End-user Industry, 2016-2023 ($million)
Table 56. Europe Abrasives Market Volume, By End-user Industry, 2016-2023 (Kilotons)
Table 57. Europe Abrasives Market Value, By Country, 2016-2023 ($million)
Table 58. Europe Abrasives Market Volume, By Country, 2016-2023 (Kilotons)
Table 59. France Abrasives Market Value, By Type, 2016-2023 ($million)
Table 60. France Abrasives Market Volume, By Type, 2016-2023 (Kilotons)
Table 61. Germany Abrasives Market Value, By Type, 2016-2023 ($million)
Table 62. Germany Abrasives Market Volume, By Type, 2016-2023 (Kilotons)
Table 63. Uk Abrasives Market Value, By Type, 2016-2023 ($million)
Table 64. Uk Abrasives Market Volume, By Type, 2016-2023 (Kilotons)
Table 65. Spain Abrasives Market Value, By Type, 2016-2023 ($million)
Table 66. Spain Abrasives Market Volume, By Type, 2016-2023 (Kilotons)
Table 67. Italy Abrasives Market Value, By Type, 2016-2023 ($million)
Table 68. Italy Abrasives Market Volume, By Type, 2016-2023 (Kilotons)
Table 69. Rest Of Europe Abrasives Market Value, By Type, 2016-2023 ($million)
Table 70. Rest Of Europe Abrasives Market Volume, By Type, 2016-2023 (Kilotons)
Table 71. Asia-pacific Abrasives Market Value, By Type, 2016-2023 ($million)
Table 72. Asia-pacific Abrasives Market Volume, By Type, 2016-2023 (Kilotons)
Table 73. Asia-pacific Abrasives Market Value, By Material, 2016-2023 ($million)
Table 74. Asia-pacific Abrasives Market Volume, By Material, 2016-2023 (Kilotons)
Table 75. Asia-pacific Abrasives Market Value, By End-user Industry, 2016-2023 ($million)
Table 76. Asia-pacific Abrasives Market Volume, By End-user Industry, 2016-2023 (Kilotons)
Table 77. Asia-pacific Abrasives Market Value, By Country, 2016-2023 ($million)
Table 78. Asia-pacific Abrasives Market Volume, By Country, 2016-2023 (Kilotons)
Table 79. India Abrasives Market Value, By Type, 2016-2023 ($million)
Table 80. India Abrasives Market Volume, By Type, 2016-2023 (Kilotons)
Table 81. China Abrasives Market Value, By Type, 2016-2023 ($million)
Table 82. China Abrasives Market Volume, By Type, 2016-2023 (Kilotons)
Table 83. Japan Abrasives Market Value, By Type, 2016-2023 ($million)
Table 84. Japan Abrasives Market Volume, By Type, 2016-2023 (Kilotons)
Table 85. Korea Abrasives Market Value, By Type, 2016-2023 ($million)
Table 86. Korea Abrasives Market Volume, By Type, 2016-2023 (Kilotons)
Table 87. Australia Abrasives Market Value, By Type, 2016-2023 ($million)
Table 88. Australia Abrasives Market Volume, By Type, 2016-2023 (Kilotons)
Table 89. Rest Of Asia-pacific Abrasives Market Value, By Type, 2016-2023 ($million)
Table 90. Rest Of Asia-pacific Abrasives Market Volume, By Type, 2016-2023 (Kilotons)
Table 91. Lamea Abrasives Market Value, By Type, 2016-2023 ($million)
Table 92. Lamea Abrasives Market Volume, By Type, 2016-2023 (Kilotons)
Table 93. Lamea Abrasives Market Value, By Material, 2016-2023 ($million)
Table 94. Lamea Abrasives Market Volume, By Material, 2016-2023 (Kilotons)
Table 95. Lamea Abrasives Market Value, By End-user Industry, 2016-2023 ($million)
Table 96. Lamea Abrasives Market Volume, By End-user Industry, 2016-2023 (Kilotons)
Table 97. Lamea Abrasives Market Value, By Country, 2016-2023 ($million)
Table 98. Lamea Abrasives Market Volume, By Country, 2016-2023 (Kilotons)
Table 99. Brazil Abrasives Market Value, By Type, 2016-2023 ($million)
Table 100. Brazil Abrasives Market Volume, By Type, 2016-2023 (Kilotons)
Table 101. Ksa Abrasives Market Value, By Type, 2016-2023 ($million)
Table 102. Ksa Abrasives Market Volume, By Type, 2016-2023 (Kilotons)
Table 103. South Africa Abrasives Market Value, By Type, 2016-2023 ($million)
Table 104. South Africa Abrasives Market Volume, By Type, 2016-2023 (Kilotons)
Table 105. Rest Of Lamea Abrasives Market Value, By Type, 2016-2023 ($million)
Table 106. Rest Of Lamea Abrasives Market Volume, By Type, 2016-2023 (Kilotons)
Table 107. Robert Bosch Gmbh: Company Snapshot
Table 108. Robert Bosch Gmbh: Operating Segments
Table 109. 3m Company: Company Snapshot
Table 110. 3m Company: Operating Segments
Table 111. Dupont: Company Snapshot
Table 112. Dupont: Operating Segments
Table 113. Cosentino S.a.: Company Snapshot
Table 114. Cosentino S.a.: Operating Segments
Table 115. Saint Gobain Abrasives, Inc.: Company Snapshot
Table 116. Saint Gobain Abrasives, Inc.: Operating Segments
Table 117. Henkel Ag & Co.: Company Snapshot
Table 118. Henkel Ag & Co.: Operating Segments
Table 119. Kgaa: Company Snapshot
Table 120. Kgaa: Operating Segments
Table 121. Asahi Diamond Industrial Co. Ltd.: Company Snapshot
Table 122. Asahi Diamond Industrial Co. Ltd.: Operating Segments
Table 123. Fujimi Incorporated: Company Snapshot
Table 124. Fujimi Incorporated: Operating Segments
Table 125. Carborundum Universal Limited: Company Snapshot
Table 126. Carborundum Universal Limited: Operating Segments Figure 1. Global Abrasives Market: Segmentation
Figure 2. Global Abrasives Market Share, By Type, 2016 (%)
Figure 3. Top Investment Pockets, By End-user Industry
Figure 4. Top Winning Strategies
Figure 5. Bargaining Power Of Suppliers
Figure 6. Bargaining Power Of Buyers
Figure 7. Threat Of New Entrants
Figure 8. Threat Of Substitutes
Figure 9. Competitive Rivalry
Figure 10. U.s. Abrasives Market Value, 2016-2023 ($million)
Figure 11. Canada Abrasives Market Value, 2016-2023 ($million)
Figure 12. Mexico Abrasives Market Value, 2016-2023 ($million)
Figure 13. France Abrasives Market Value, 2016-2023 ($million)
Figure 14. Germany Abrasives Market Value, 2016-2023 ($million)
Figure 15. Uk Abrasives Market Value, 2016-2023 ($million)
Figure 16. Spain Abrasives Market Value, 2016-2023 ($million)
Figure 17. Italy Abrasives Market Value, 2016-2023 ($million)
Figure 18. Rest Of Europe Abrasives Market Value, 2016-2023 ($million)
Figure 19. India Abrasives Market Value, 2016-2023 ($million)
Figure 20. China Abrasives Market Value, 2016-2023 ($million)
Figure 21. Japan Abrasives Market Value, 2016-2023 ($million)
Figure 22. Korea Abrasives Market Value, 2016-2023 ($million)
Figure 23. Australia Abrasives Market Value, 2016-2023 ($million)
Figure 24. Rest Of Asia-pacific Abrasives Market Value, 2016-2023 ($million)
Figure 25. Brazil Abrasives Market Value, 2016-2023 ($million)
Figure 26. Ksa Abrasives Market Value, 2016-2023 ($million)
Figure 27. South Africa Abrasives Market Value, 2016-2023 ($million)
Figure 28. Rest Of Lamea Abrasives Market Value, 2016-2023 ($million
$5540
$6654
$9280
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