Abrasive Tools Market Research Report - Global Forecast till 2030

Abrasive Tools Market Research Report: Information By Type (Coated, Bonded and Super), Raw Material (Natural and Synthetic), End-Use (Automotive, Heavy Machinery, Aerospace, Metal Fabrication, Electronics and Electrical and Others) and Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2030

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 PORTER’S 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, 2020–2027

6.2.2 MARKET ESTIMATES & FORECAST, BY REGION, 2020–2027

6.3 BONDED

6.3.1 MARKET ESTIMATES & FORECAST, 2020–2027

6.3.2 MARKET ESTIMATES & FORECAST, BY REGION, 2020–2027

6.4 SUPER

6.4.1 MARKET ESTIMATES & FORECAST, 2020–2027

6.4.2 MARKET ESTIMATES & FORECAST, BY REGION, 2020–2027

7 GLOBAL ABRASIVE TOOLS MARKET, BY RAW MATERIAL

7.1 INTRODUCTION

7.1.1 NATURAL

7.1.2 MARKET ESTIMATES & FORECAST, 2020–2027

7.1.3 MARKET ESTIMATES & FORECAST, BY REGION, 2020–2027

7.2 SYNTHETIC

7.2.1 MARKET ESTIMATES & FORECAST, 2020–2027

7.2.2 MARKET ESTIMATES & FORECAST, BY REGION, 2020–2027

8 GLOBAL ABRASIVE TOOLS MARKET, BY END USE

8.1 INTRODUCTION

8.2 AUTOMOTIVE

8.2.1 MARKET ESTIMATES & FORECAST, 2020–2027

8.2.2 MARKET ESTIMATES & FORECAST, BY REGION, 2020–2027

8.3 HEAVY MACHINERY

8.3.1 MARKET ESTIMATES & FORECAST, 2020–2027

8.3.2 MARKET ESTIMATES & FORECAST, BY REGION, 2020–2027

8.4 AEROSPACE

8.4.1 MARKET ESTIMATES & FORECAST, 2020–2027

8.4.2 MARKET ESTIMATES & FORECAST, BY REGION, 2020–2027

8.5 METAL FABRICATION

8.5.1 MARKET ESTIMATES & FORECAST, 2020–2027

8.5.2 MARKET ESTIMATES & FORECAST, BY REGION, 2020–2027

8.6 ELECTRONICS AND ELECTRICAL

8.6.1 MARKET ESTIMATES & FORECAST, 2020–2027

8.6.2 MARKET ESTIMATES & FORECAST, BY REGION, 2020–2027

8.7 OTHERS

8.7.1 MARKET ESTIMATES & FORECAST, 2020–2027

8.7.2 MARKET ESTIMATES & FORECAST, BY REGION, 2020–2027

9 GLOBAL ABRASIVE TOOLS MARKET, BY REGION

9.1 INTRODUCTION

9.2 NORTH AMERICA

9.2.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027

9.2.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020–2027

9.2.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020–2027

9.2.4 MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020–2027

9.2.5 US

9.2.5.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027

9.2.5.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020–2027

9.2.5.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020–2027

9.2.6 CANADA

9.2.6.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027

9.2.6.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020–2027

9.2.6.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020–2027

9.2.7 MEXICO

9.2.7.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027

9.2.7.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020–2027

9.2.7.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020–2027

9.3 EUROPE

9.3.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027

9.3.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020–2027

9.3.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020–2027

9.3.4 MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020–2027

9.3.5 GERMANY

9.3.5.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027

9.3.5.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020–2027

9.3.5.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020–2027

9.3.6 UK

9.3.6.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027

9.3.6.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020–2027

9.3.6.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020–2027

9.3.7 FRANCE

9.3.7.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027

9.3.7.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020–2027

9.3.7.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020–2027

9.3.8 ITALY

9.3.8.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027

9.3.8.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020–2027

9.3.8.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020–2027

9.3.9 REST OF EUROPE

9.3.9.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027

9.3.9.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020–2027

9.3.9.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020–2027

9.4 ASIA-PACIFIC

9.4.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027

9.4.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020–2027

9.4.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020–2027

9.4.4 MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020–2027

9.4.5 CHINA

9.4.5.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027

9.4.5.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020–2027

9.4.5.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020–2027

9.4.6 JAPAN

9.4.6.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027

9.4.6.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020–2027

9.4.6.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020–2027

9.4.7 INDIA

9.4.7.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027

9.4.7.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020–2027

9.4.7.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020–2027

9.4.8 REST OF ASIA-PACIFIC

9.4.8.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027

9.4.8.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020–2027

9.4.8.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020–2027

9.5 REST OF THE WORLD

9.5.1 MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027

9.5.2 MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020–2027

9.5.3 MARKET ESTIMATES & FORECAST, BY END USE, 2020–2027

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

Abrasive Tools Market

Abrasive Tools Market Size is expected to cross USD $46.82 billion by 2028 at a CAGR of 4.10% during the forecast period 2021 to 2028

Segmentation

By Type Coated Bonded Super
By Raw Material Natural Synthetic
By End-Use Automotive Heavy Machinery Aerospace Metal Fabrication Electronics And Electrical Others

Key Players

  • 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)
  • Almatis (Germany)

Drivers

  • Growing demand for abrasive tools in metalworking applications
  • The growing use of abrasives for the cleaning and finishing medical devices such as osseointegrated implants in the medical industry
  • Rapid economic growth in Automobiles machinery and metal processing
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Abrasive Tools Market Scenario:


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


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).


Market Segmentation
Abrasive Tools Market


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.


Intended Audience



  • Government and Research Organizations

  • Consulting Companies in the Abrasive Tools Market

  • Raw Material Suppliers

  • Abrasive Tools Manufacturers

  • Independent and Authorized Dealers of Abrasive Tools Manufacturers

  • Research Consultants

  • Investors and Shareholder



Report Scope:
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

  • Growing demand for abrasive tools in metalworking applications
  • The growing use of abrasives for the cleaning and finishing medical devices such as Osseointegrated implants in the medical industry
  • Rapid economic growth
  • Automobiles, machinery, and metal processing


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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.