Abrasives Market Analysis by Product (Bonded Abrasives, Coated Abrasives, Raw Super Abrasives, Steel Abrasives, Loose Abrasive Grains), by End User, by Region - Global Forecast 2021-2031
Analysis of Abrasives market covering 30+ countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Abrasives Market Outlook (2021-2031)
The global abrasives market was valued at US$ 54.03 Billion in 2020. Consumption of abrasives is expected to increase at a CAGR of 5.5% to reach a market valuation of US$ 97.7 Billion by the end of 2031.
Abrasives Market Size in 2020
US$ 54.03 Billion
Projected Year Value (2031)
US$ 97.7 Billion
Global Market Growth Rate (2021-2031)
Asia Pacific Market Share (2022)
Key Companies Profiled
Demand Analysis of Abrasives from 2017-2020 Vs Market Outlook for 2021-2031
“Rapid Implementation of Abrasives in Several End-use Industries”
As per Fact.MR, a market research and competitive intelligence provider, the global market for abrasives was valued at US$ 57.2 Billion in 2021.
An abrasive is a substance, usually, a mineral, used to rub work pieces to finish or shape them, resulting in wear and tear. It's similar to grinding & polishing, which involves roughening to obtain a smooth and reflective surface, such as in matte or satin finishes.
Abrasive is used for cleaning hard surfaces, grinding wheels, and polishing in a variety of industries. Polishing compounds in abrasive products support the material's surface polish and shaping. Abrasives come in a variety of sizes, forms, and sizes to suit your needs. Norton grinding wheels use rubbing action to clean, grind, abrade, scour, and remove solid materials.
In the worldwide abrasives market, there are two types of abrasives: synthetic and natural. Owing to their constant qualities as required in industrial activities, synthetic abrasives (aluminum oxide, silicon carbide, and boron nitride) have largely supplanted natural abrasives in the abrasives market. Growing usage of abrasives in dentistry is also driving the market growth.
Considering these factors, the market is projected to witness high growth over the forecast period, registering a CAGR of 5.5% to reach US$ 97.7 Billion by 2031.
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Which Emerging Trend is Driving Demand for Abrasives?
“Rising Adoption of Abrasives in Construction Activities”
Construction is expected to be the most important application for this industry. Construction activity has increased as a result of the rapid growth of urbanization and improved living.
Market development is being aided by economic growth in developing countries, as well as a high level of refurbishment activity. These goods are utilized in a variety of applications in the construction industry, including woodworking and fabrication, metal fabrications, and metal components.
The construction industry is undergoing massive and unprecedented changes as a result of economic expansion, which is driving the rising demand for these materials. The expansion of residential construction has been primarily affecting the slope of the market in several countries due to the rising population.
Which Factors are Hampering Market Expansion to Some Extent?
“High Manufacturing Costs & Health Hazards Associated with Abrasives Hampering Market Growth”
Blasting with abrasive material can produce a lot of dust and noise. Toxic elements may be present in the abrasive material and the surface being blasted, posing a risk to employees. The market is anticipated to be hampered by high production costs, volatile raw material prices, and strict limitations on abrasive uses.
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Which Region is a Lucrative Market for Abrasive Manufacturers?
“Rising Research Activities for Abrasives Development to Propel Market Expansion in Asia Pacific”
Asia Pacific is expected to account for is expected to account 50% share of the abrasives market in 2022 owing to increased construction activities. Rapid urbanization, expanding infrastructure development, and favorable legislation for trading activities drive the abrasives market in Asia Pacific.
Rising research activities to improve abrasive uses in end-use sectors such as construction, aerospace, and automotive, among others, are expected to promote market expansion over the coming years. In addition, the development of synthetic abrasives to fulfil increased demand for the product is expected to be a major contributor to the market expansion.
Why is the U.S. Abrasives Market Witnessing High Demand?
“Growing Popularity of Electric Vehicles Boosting Market Value”
The U.S. abrasive market accounts for a significant share of the global market. The sand paper is utilized in the wood and furniture industries for fine sanding, profile sanding, and polishing because of its sharpness. Market growth would be supported by rising wood demand in the country for the construction of homes and apartments.
The abrasives industry will benefit from a growing automotive industry due to higher consumer spending and easier automobile finance. Electric vehicles and charging stations are becoming more popular in the United States, which is expected to enhance abrasive demand over the coming years.
Why is China Considered an Emerging Market for Abrasive Manufacturers?
“Growing Demand from Power Generation Sector to Drive Market Growth”
The market in China is expected to hold the highest position in the global market over the coming years owing to advancements in technology. Due to significant demand from the power generation industries, China is the largest consumer of abrasives.
Various factors, such as increased production of electronic equipment, medical devices, automobiles and packaging, are supporting market growth in China.
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Which Abrasive Product Accounts for Highest Revenue Generation?
“Raw Super Abrasives Highly Preferred Owing to Heavy Industrial Usage”
Demand for raw super abrasives is projected to increase at a CAGR of 7.7% over the forecast period (2021 to 2031). Raw super abrasives are extremely hard, operate exceptionally well, and last a long time, which has increased their demand in industries such as aerospace, automotive, medical, and electronics, among others.
When used in industrial applications, super abrasive grinding wheels provide major benefits such as inexpensive tooling costs, smaller and more wheels on the spindle, fewer manufacturing floor area requirements, consistent surface speed, and a high rate of material removal.
Furthermore, rising investments in research and development of raw super abrasives, such as in sections involving high-speed, high-performance grinding of hardened steel, are likely to boost market expansion throughout the projection period.
Which End User is Expected to Drive Most Demand for Abrasives?
“Rapid Deployment of Abrasives in Metal Fabrication Industry”
The metal fabrication industry is predicted to grow at a high rate. Metal structures are manufactured using bending, cutting, and assembling techniques in fabrication. Abrasives are used to cut, grind, and fabricate a wide range of metals, including steel, stainless steel, and others. The growing demand for steel and steel-related products is propelling the abrasives sector forward.
Cut-off saws, also known as chop saws, are machines that use steel-cutting discs to cut metals into the appropriate shape. Fiber discs and flap discs are two more metal fabrication tools that are mostly used for grinding down metals and surface blending. The global increase in metal demand as a result of the expansion of numerous end-use industries is expected to boost market growth.
COVID-19 Impact on Sales of Abrasive Products
The COVID-19 pandemic negatively impacted the abrasives market. The pandemic caused a global shift in the supply chain, affecting industries such as metal fabrication, machinery, automotive, and others, resulting in disruption and a downshift in demand for the product.
Manufacturers maintain optimal inventory levels to continue to develop abrasive products. To secure robust supply chains, abrasive manufacturers are cooperating with alternative suppliers. They are developing a balanced partnership with distributors and ecosystem partners to ensure company continuity. As a result, the global abrasives market is predicted to recover from an economic setback and expand further throughout the forecast period.
Market players are focusing on primary tactics such as technology launches, acquisitions, and R&D efforts. Abrasive manufacturers are working on establishing joint ventures, strategic alliances, and partnerships to increase production capacity and market penetration.
- In May 2021, Norton Quantum Prime Grinding Wheels with unique, proprietary nano-crystalline ceramic grain was launched by Saint-Gobain Abrasives, offering exceptional productivity benefits across a wide range of applications.
Key Segments Covered in Industry Research
- Bonded Abrasives
- Coated Abrasives
- Raw Super Abrasives
- Steel Abrasives
- Loose Abrasive Grains
- Others (including Nonwoven Abrasives)
By End User:
- Electrical & Electronic Equipment
- Metal Fabrication
- Others (including Construction, Medical Devices, Power Generation, and Cleaning & Maintenance)
- North America
- Asia Pacific
- Latin America
- FAQs -
Growing investments in research & development, rising demand for super abrasives in high-end applications, and rapid development of end-use industries are driving market growth.
Saint Gobain SA, 3M, DuPont, TYROLIT, and Henkel AG & Co. KGaA are key suppliers of abrasive products.
Asia Pacific accounts for 50% share of the global abrasives market.
The abrasives market is expected to rise at 5.5% CAGR from 2021 to 2031.
The U.S., Canada, Germany, Japan, and China are expected to drive most demand for abrasives.