[175 Pages Report] The global abrasives market size is projected to grow from USD 46.4 billion in 2020 to USD 58.0 billion by 2025, at a CAGR of 4.5% from 2020 to 2025. The growth of this market is attributed to the growing automotive, metal fabrication, machinery, electronics, electrical, medical, and construction industries have contributed significantly towards the growth of the abrasives market. However, factors such as uncertainty in economic conditions and rising raw material costs inhibit the growth of the market.
Based on type, the coated segment is projected to account for the higher demand in the abrasives market during the forecast period. Due to the focus on rapid industrialization in emerging economies, and the development of the metal fabrication industry is expected to shift the inclination of both suppliers and consumers towards abrasive. Moreover, increasing demand for coated abrasives in all end-use industries is expected to propel the growth in the abrasives market.
The metal fabrication segment is the fastest-growing end-use industry segment in the abrasives market. This growth is attributed to its usage and demand in the metal fabrication for cutting-off and grinding, removing welds and excess material, surface blending, finishing, and polishing.
Asia Pacific is the fastest-growing market for abrasives due to its increasing economic growth. owing to the rapid growth in industries such as automotive, machinery and metal fabrication in the region. The growth of this region is supplemented by the increase in the consumption and production of industrial products in developing economies such as India and China. A rise in disposable income, especially in developing countries, has led to an exceptional demand for passenger and commercial vehicles. Thus, this augmented demand for automobiles is expected to indirectly drive the growth prospects of the abrasives market in the coming years. The rise in the sales of electronic devices is likely to boost the demand for coated abrasives in the electronic industry during the forecast period, especially in the consumer goods sector.
At a global level, companies such as Robert Bosch GMBH (Germany), 3M Company (US), Saint-Gobain Abrasives, Inc. (US), and Fujimi Incorporated (Japan) are providing abrasive products. Large construction players such as LafargeHolcim (France), Balfour Beatty PLC (UK), Kier Group PLC (UK), and Carillon PLC (UK) have scope to enter into abrasive services. Other players in the market include Henkel AG & CO. KGAA (Germany), Tyrolit Group (Austria), Asahi Diamond Industrial Co., LTD (Japan), Sak Industries (India), Deerfos Co., Ltd (Korea), and Carborundum Universal Limited (India).
Robert Bosch GmbH (Germany) is one of the leading company in Europe operating in the abrasives market. It is a supplier of technology and services, offering end-to-end engineering and business solutions. The company manufactures and distributes automotive, industrial, consumer goods, and building technologies. It was established as a workshop for precision mechanics and electrical engineering in Stuttgart, Germany. The company’s majority capital share is held by Robert Bosch Stiftung GmbH, a charitable foundation. It has greatly influenced the world’s automobile technology along with its presence in sectors such as energy and building technology, industrial technology, and consumer goods.
The Boschgroup operates through four business segments: mobility solutions, industrial technology, energy, and building technology, and consumer goods. Abrasives fall under the consumer goods segment, which includes the power tools and accessories subdivisions, and provides a comprehensive range of abrasive systems, drill bits, and saw blades. These abrasives are used in various end-use industries such as automotive, electrical, electronics, healthcare, and others. The company’s subsidiary Robert Bosch Power Tools GmbH designs and markets abrasives.
Market size available for years
Base year considered
Value (USD Billion) and Volume (Kilotons)
Raw material, type, end-use industry, and region
North America, Asia Pacific, Europe, Middle East & Africa, and South America
Robert Bosch GMBH (Germany), 3M Company (US), Compagnie de Saint-Gobain S.A. (France), and Fujimi Incorporated (Japan). The other players in the market are Henkel (Germany), Tyrolit Group (Austria), Asahi Diamond Industrial (Japan) Deerfos (Korea), Sak Industries (India), and Carborundum Universal Limited (India). are the key players operating in the abrasives market.
This research report categorizes the abrasives market based on scrap type, type, equipment, end-use sector, and region.
What are the factors influencing the growth of Abrasives Market?
The growth of abrasives market attributed to the factors such as growing demand for the abrasives product in grinding and polishing applications in various end-use industries including, automotive, machinery, electronic and electrical equipment, metal fabrication, and aerospace.
What are the oportunities in the abrasives market?
Asia Pacific region has most attractive oportunities in the abrasives market, owing to the rapid groth in industries such as automotive, machinery, and metal fabrication in the region. The growth of this region is supplemented by the increasing consumption and production of industrial products in developing economic such as India and china.
What are the factors contributing to the final price of Abrasives?
Raw material and the use of manufacturing abrasives types plays a vital role in the costs. Almost 20-30% cost is contributed by raw material, followed by abrasives type being employed which might take up almost 25%. Type of abrasives used in various end-use sector also contributes to almost 30% of the overall price. Rest is contributed by fixed costs such as transportation, labor, etc.
What are the raw materials used for abrasives manufacturing?
There are two types of raw material used widely for the manufacturing of abrasives, namely, natural and synthetic. Natural type of raw material accounted for the largest share in the abrasives market. Whereas, synthetic is forcasted to grow at the higher rate.
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Tables of Contents
1.1. Key Objectives
1.2. Report Description
1.3. Markets covered
1.4. Scope of Research
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
5.2. Market Dynamics
5.2.1. Market Drivers
5.2.2. Market Restraints
5.2.3. Market Challenges
5.2.4. Market Opportunities
6 Abrasives Market, By Raw Material, 2018-2025 (Value & Volume)
6.3.1. Metallic abrasives
6.3.2. Aluminum oxide
6.3.3. Silicon carbide
7 Abrasives Market, By Type, 2018-2025 (Value & Volume)
7.2. Bonded Abrasive
7.3. Coated Abrasive
7.4. Super Abrasive
8 Abrasives Market, By End-Use Industry, 2018-2025 (Value & Volume)
8.5. Metal Fabrication
8.6. Electrical & Electronics Equipment
9 Bonded Abrasives Market, By Bonding Agents, 2018-2025 (Value and Volume)
9.4. Metal Bonded
10 Abrasives Market, By Region, 2018-2025 (Value & Volume)
10.1. North America
10.3. Asia Pacific
10.3.3. South Korea
10.4. South America
10.5.2. Saudi Arabia
10.5.3. South Africa
11 Competitive Landscape
11.2. Competitive Situations & Trends
11.3. Mergers & Acquisitions
11.4. Agreements, Collaborations & Joint Ventures
11.5. Expansions & Investments
11.6. New Product/ Service Launches
12 Company Profiles
(Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
12.2. Robert Bosch GMBH
12.3. 3M Company
12.5. DRONCO GmbH
12.6. Saint-Gobain Abrasives, Inc.
12.7. GRUPO COSENTINO, S.L. (COSENTINO S.A)
12.8. Fujimi Incorporated
12.9. Asahi Diamond Industrial Co., Ltd.
12.10. Cumi Murugappa Group (Carborundum Universal Limited)
12.11. KWH Mirka
12.12. HENKEL AG & CO. KGAA
12.13. NIPPON RESIBON
12.14. Sankyo Rikagaku Co., Ltd.
12.15. Abrasiflex Pty Ltd
12.16. NORITAKE CO.,LIMITED
12.17. Tyrolit Group
12.18. Boride Engineered Abrasives
*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.
13.1. Discussion Guide
13.2. Introducing RT: Real Time Market Intelligence
13.3. Available Customizations
13.4. Related Reports
The study involved four major activities for estimating the current global size of the abrasives market. The exhaustive secondary research was carried out to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizes with the industry experts across the value chain of the abrasives market through primary research. Both the top-down and bottom-up approaches were employed to estimate the overall size of the abrasives market. After that, market breakdown and data triangulation procedures were used to determine the size of different segments and sub-segments of the market.
In the secondary research process, various secondary sources such as Hoovers, Factiva, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to identify and collect information for this study on the abrasives market. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, regulatory bodies, trade directories, and databases.
Various primary sources from both the supply and demand sides of the abrasives market were interviewed to obtain qualitative and quantitative information. The primary sources from the supply-side included industry experts, such as Chief Executive Officers (CEOs), vice presidents, marketing directors, sales professionals, and related key executives from various leading companies and organizations operating in the abrasives market. The primary sources from the demand-side included key executives from various end-use sectors, association members, and government organizations.
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Both the top-down and bottom-up approaches were used to estimate and validate the global size of the abrasives market. These approaches were also used extensively to estimate the size of various dependent segments of the market. The research methodology used to estimate the market size included the following details:
After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and sub-segments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments of the abrasives market. The data was triangulated by studying various factors and trends from both the demand- and supply-side.
With the given market data, MarketsandMarkets offers customizations according to client-specific needs.
The following customization options are available for the abrasives report: