ID: MRFR/AM/8919-HCR | August 2022 | Region: Global | 90 Pages
Table of Contents
1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 PRIMARY RESEARCH
3.2 SECONDARY RESEARCH
3.3 MARKET CAPACITY ESTIMATION
3.4 FORECAST MODEL
3.5 LIST OF ASSUMPTIONS
3.6 LIMITATIONS OF THE STUDY
4 MARKET INSIGHTS
5 MARKET DYNAMICS
5.1 INTRODUCTION
5.2 MARKET DRIVERS
5.3 MARKET RESTRAINTS
5.4 MARKET OPPORTUNITIES
5.5 PORTERβS FIVE FORCES ANALYSIS
5.5.1 THREAT OF NEW ENTRANTS
5.5.2 BARGAINING POWER OF BUYERS
5.5.3 BARGAINING POWER OF SUPPLIERS
5.5.4 THREAT OF SUBSTITUTES
5.5.5 INTENSITY OF RIVALRY
5.6 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
6 GLOBAL ABRASIVE TOOLS MARKET, BY TYPE
6.1 INTRODUCTION
6.2 COATED
6.2.1 MARKET ESTIMATES & FORECAST, 2020β2027
6.2.2 MARKET ESTIMATES & FORECAST, BY REGION, 2020β2027
6.3 BONDED
6.3.1 MARKET ESTIMATES & FORECAST, 2020β2027
6.3.2 MARKET ESTIMATES & FORECAST, BY REGION, 2020β2027
6.4 SUPER
6.4.1 MARKET ESTIMATES & FORECAST, 2020β2027
6.4.2 MARKET ESTIMATES & FORECAST, BY REGION, 2020β2027
7 GLOBAL ABRASIVE TOOLS MARKET, BY RAW MATERIAL
7.1 INTRODUCTION
7.1.1 NATURAL
7.1.2 MARKET ESTIMATES & FORECAST, 2020β2027
7.1.3 MARKET ESTIMATES & FORECAST, BY REGION, 2020β2027
7.2 SYNTHETIC
7.2.1 MARKET ESTIMATES & FORECAST, 2020β2027
7.2.2 MARKET ESTIMATES & FORECAST, BY REGION, 2020β2027
8 GLOBAL ABRASIVE TOOLS MARKET, BY END USE
8.1 INTRODUCTION
8.2 AUTOMOTIVE
8.2.1 MARKET ESTIMATES & FORECAST, 2020β2027
8.2.2 MARKET ESTIMATES & FORECAST, BY REGION, 2020β2027
8.3 HEAVY MACHINERY
8.3.1 MARKET ESTIMATES & FORECAST, 2020β2027
8.3.2 MARKET ESTIMATES & FORECAST, BY REGION, 2020β2027
8.4 AEROSPACE
8.4.1 MARKET ESTIMATES & FORECAST, 2020β2027
8.4.2 MARKET ESTIMATES & FORECAST, BY REGION, 2020β2027
8.5 METAL FABRICATION
8.5.1 MARKET ESTIMATES & FORECAST, 2020β2027
8.5.2 MARKET ESTIMATES & FORECAST, BY REGION, 2020β2027
8.6 ELECTRONICS AND ELECTRICAL
8.6.1 MARKET ESTIMATES & FORECAST, 2020β2027
8.6.2 MARKET ESTIMATES & FORECAST, BY REGION, 2020β2027
8.7 OTHERS
8.7.1 MARKET ESTIMATES & FORECAST, 2020β2027
8.7.2 MARKET ESTIMATES & FORECAST, BY REGION, 2020β2027
9 GLOBAL ABRASIVE TOOLS MARKET, BY REGION
9.1 INTRODUCTION
9.2 NORTH AMERICA
9.2.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027
9.2.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020β2027
9.2.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020β2027
9.2.4 MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020β2027
9.2.5 US
9.2.5.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027
9.2.5.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020β2027
9.2.5.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020β2027
9.2.6 CANADA
9.2.6.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027
9.2.6.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020β2027
9.2.6.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020β2027
9.2.7 MEXICO
9.2.7.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027
9.2.7.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020β2027
9.2.7.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020β2027
9.3 EUROPE
9.3.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027
9.3.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020β2027
9.3.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020β2027
9.3.4 MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020β2027
9.3.5 GERMANY
9.3.5.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027
9.3.5.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020β2027
9.3.5.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020β2027
9.3.6 UK
9.3.6.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027
9.3.6.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020β2027
9.3.6.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020β2027
9.3.7 FRANCE
9.3.7.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027
9.3.7.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020β2027
9.3.7.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020β2027
9.3.8 ITALY
9.3.8.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027
9.3.8.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020β2027
9.3.8.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020β2027
9.3.9 REST OF EUROPE
9.3.9.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027
9.3.9.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020β2027
9.3.9.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020β2027
9.4 ASIA-PACIFIC
9.4.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027
9.4.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020β2027
9.4.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020β2027
9.4.4 MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020β2027
9.4.5 CHINA
9.4.5.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027
9.4.5.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020β2027
9.4.5.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020β2027
9.4.6 JAPAN
9.4.6.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027
9.4.6.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020β2027
9.4.6.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020β2027
9.4.7 INDIA
9.4.7.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027
9.4.7.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020β2027
9.4.7.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020β2027
9.4.8 REST OF ASIA-PACIFIC
9.4.8.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027
9.4.8.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020β2027
9.4.8.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020β2027
9.5 REST OF THE WORLD
9.5.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020β2027
9.5.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020β2027
9.5.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020β2027
10 COMPETITIVE LANDSCAPE
10.1 COMPETITIVE SCENARIO
10.2 COMPETITIVE BENCHMARKING OF THE GLOBAL ABRASIVE TOOLS MARKET
10.3 MAJOR GROWTH KEY STRATEGIES IN THE GLOBAL ABRASIVE TOOLS MARKET
10.4 MARKET SHARE ANALYSIS: GLOBAL ABRASIVE TOOLS MARKET
10.5 PRODUCT DEVELOPMENT IN GLOBAL ABRASIVE TOOLS MARKET
10.6 MERGERS AND ACQUISITIONS IN GLOBAL ABRASIVE TOOLS MARKET
10.7 CONTRACTS AND AGREEMENTS IN GLOBAL ABRASIVE TOOLS MARKET
10.8 EXPANSIONS AND INVESTMENTS IN GLOBAL ABRASIVE TOOLS MARKET
11 COMPANY PROFILE
11.1 ASAHI DIAMOND INDUSTRIAL CO., LTD. (JAPAN)
11.1.1 COMPANY OVERVIEW
11.1.2 PRODUCTS/SERVICES OFFERED
11.1.3 FINANCIAL OVERVIEW
11.1.4 KEY DEVELOPMENTS
11.1.5 KEY STRATEGIES
11.1.6 SWOT ANALYSIS
11.2 ROBERT BOSCH GMBH (GERMANY)
11.2.1 COMPANY OVERVIEW
11.2.2 PRODUCTS/SERVICES OFFERED
11.2.3 FINANCIAL OVERVIEW
11.2.4 KEY DEVELOPMENTS
11.2.5 KEY STRATEGIES
11.2.6 SWOT ANALYSIS
11.3 JASON INCORPORATED (US)
11.3.1 COMPANY OVERVIEW
11.3.2 PRODUCTS/SERVICES OFFERED
11.3.3 FINANCIAL OVERVIEW
11.3.4 KEY DEVELOPMENTS
11.3.5 KEY STRATEGIES
11.3.6 SWOT ANALYSIS
11.4 FUJIMI INCORPORATED (JAPAN)
11.4.1 COMPANY OVERVIEW
11.4.2 PRODUCTS/SERVICES OFFERED
11.4.3 FINANCIAL OVERVIEW
11.4.4 KEY DEVELOPMENTS
11.4.5 KEY STRATEGIES
11.4.6 SWOT ANALYSIS
11.5 DUPONT (US)
11.5.1 COMPANY OVERVIEW
11.5.2 PRODUCTS/SERVICES OFFERED
11.5.3 FINANCIAL OVERVIEW
11.5.4 KEY DEVELOPMENTS
11.5.5 KEY STRATEGIES
11.5.6 SWOT ANALYSIS
11.6 TYROLIT (AUSTRIA)
11.6.1 COMPANY OVERVIEW
11.6.2 PRODUCTS/SERVICES OFFERED
11.6.3 FINANCIAL OVERVIEW
11.6.4 KEY DEVELOPMENTS
11.6.5 KEY STRATEGIES
11.6.6 SWOT ANALYSIS
11.7 SAINT-GOBAIN ABRASIVES, INC. (US)
11.7.1 COMPANY OVERVIEW
11.7.2 PRODUCTS/SERVICES OFFERED
11.7.3 FINANCIAL OVERVIEW
11.7.4 KEY DEVELOPMENTS
11.7.5 KEY STRATEGIES
11.7.6 SWOT ANALYSIS
11.8 CMC MATERIALS TOYODA (US)
11.8.1 COMPANY OVERVIEW
11.8.2 PRODUCTS/SERVICES OFFERED
11.8.3 FINANCIAL OVERVIEW
11.8.4 KEY DEVELOPMENTS
11.8.5 KEY STRATEGIES
11.8.6 SWOT ANALYSIS
11.9 HENKEL AG & CO. KGAA (GERMANY)
11.9.1 COMPANY OVERVIEW
11.9.2 PRODUCTS/SERVICES OFFERED
11.9.3 FINANCIAL OVERVIEW
11.9.4 KEY DEVELOPMENTS
11.9.5 KEY STRATEGIES
11.9.6 SWOT ANALYSIS
11.10 ALMATIS (GERMANY)
11.10.1 COMPANY OVERVIEW
11.10.2 PRODUCTS/SERVICES OFFERED
11.10.3 FINANCIAL OVERVIEW
11.10.4 KEY DEVELOPMENTS
11.10.5 KEY STRATEGIES
11.10.6 SWOT ANALYSIS
$46.82 Billion
4.10%
Asia-Pacific
2021 to 2028
Global Abrasive Tools Market is anticipated to register a CAGR of 4% between 2020 and 2026.
Abrasive Tools are products or materials, such as sandpaper, pumice, or emery, used for scraping, grinding, smoothing, or polishing. Although finishing a material also involves polishing it to achieve a smooth, reflective surface, as in satin or beaded finish, the process can often require roughening. In short, the ceramics used for cutting, scraping, and polishing other softer materials are considered abrasives. Abrasives have a wide range of commercial, residential, and technical applications. Grinding, polishing, buffing, honing, digging, sharpening, lapping, and sanding are common applications for abrasives tools. Materials used as abrasives are typically either hard minerals (rated at seven or higher on the Mohs mineral hardness scale) or synthetic stones, some of which can be chemically and mechanically similar to minerals that occur naturally but may not be considered minerals because they do not occur naturally. It is expected that growing demand for abrasive tools in metalworking applications is likely to boost the market growth. Coated abrasives such as sandpaper and stones are used in metalworking for deburring, where the grinding of metal items is performed. Abrasive tools are also used in polishing different finished goods in the automobile and electronics industries.
Global Abrasive Tools Market has been segmented By Type, Raw Material, End-Use, and Region.
Based on type, the global abrasive tools market is segmented into coated, bonded, and super. The super segment is anticipated to grow at a significant CAGR in the coming years.
By raw material, the global abrasive tools market has been split into natural and synthetic. The natural segment held a sizeable share and is anticipated to grow at a significant CAGR in the coming years.
By end-use, the abrasive tools market is divided into automotive, heavy machinery, aerospace, metal fabrication, electronics and electrical, and others. The automotive segment is projected to grow at a CAGR in the coming years.
Key Players operating in the Global Abrasive Tools Market are Asahi Diamond Industrial Co., Ltd (Japan), Robert Bosch (Germany), Jason Incorporated (US), Fujimi Incorporated (Japan), DuPont (US), Tyrolit (Austria), Saint Gobain Abrasives, Inc (US), CMC Materials Toyoda (US), Henkel AG & Co. KGaA (Germany), and Almatis (Germany).
The automotive industry is expected to boost the growth of the market for abrasive tools as they are used for engine components, deburring, and cleaning. They are also used for the repair and maintenance of vehicles, interiors, and accessories. The growing use of abrasives for the cleaning and finishing medical devices such as Osseointegrated implants in the medical industry would also drive the market for adhesive tools.
Based on region, the abrasive tools market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific, due to its rapid economic growth, is the fastest growing market for abrasive tools. Apart from that, the fast growth of industries, such as automobiles, machinery, and metal processing, is also boosting the market growth.
In North America, the rapidly expanding electronics industry is expected to drive the market for abrasive tools. Furthermore, Europe is expected to register a notable growth for the abrasive tools market as there is a rising demand for abrasive auto components.
Report Attribute/Metric | Details |
---|---|
Market Size | 2030 : Significant Value |
CAGR | 4% (2022Β toΒ 2030) |
Base Year | 2021 |
Forecast Period | 2022Β toΒ 2030 |
Historical Data | 2019Β &Β 2020 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Type, Raw Material, End-Use, Region |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Asahi Diamond Industrial Co., Ltd (Japan), Robert Bosch (Germany), Jason Incorporated (US), Fujimi Incorporated (Japan), DuPont (US), Tyrolit (Austria), Saint Gobain Abrasives, Inc (US), CMC Materials Toyoda (US), Henkel AG & Co. KGaA (Germany), and Almatis (Germany) |
Key Market Opportunities | Rising demand for abrasive auto components |
Key Market Drivers |
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Frequently Asked Questions (FAQ) :
Growing demand for abrasive tools in metalwork and construction industry and the spurring rise in the automotive industry are major tailwinds pushing the growth of the global abrasive tools market.
The Natural segment accounts for the leading raw material segment in the global abrasive tools market
The automotive segment accounts for the leading end-use segment in the global abrasive tools market
Robert Bosch (Germany), Asahi Diamond Industrial Co., Ltd (Japan), Jason Incorporated (US), DuPont (US), Fujimi Incorporated (Japan), Tyrolit (Austria), CMC Materials Toyoda (US), Saint Gobain Abrasives, Inc (US), Almatis (Germany), and Henkel AG & Co. KGaA (Germany), are some of the top players operating in the global abrasive tools market.
Asia Pacific is expected to hold the highest market share in the global abrasive tools market.