Abrasives Market Trends

Global Abrasives Market Overview

Abrasives Market Size was valued at USD 51.70 billion in 2021. The Abrasives market is projected to grow from USD 54.8 Billion in 2022 to USD 87.80 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.06% during the forecast period (2024 - 2030). Increasing demand from the automotive industry and Increasing demand from the metalworking industry are driving the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Abrasives Market Trends

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  Increasing demand from the automotive industry

  
  

The abrasives are used for engine part size, vehicle body repair, and interior and external cleaning. These products are also used to clean the insides of pipes, smooth welds, smooth edges, and surfaces that will be oiled, fitted, polished, or painted. Coated and non-woven materials are used to refinish car bodywork, whilst grinding wheels are employed on cars. This significant demand from diverse applications in the automotive sector directly supports the industry's growth.

Non-engine components and accessories like as brakes, steering wheels, wheels, and axles are all made with abrasive materials. To gather tools, brakes have a specific abrasive with a non-directional scratch pattern. It is used to decrease discolouration and remove brake squeal on heat-sensitive metals. Sandpapers with abrasive grains are used to prepare and clean the inside and exterior of vehicles. Furthermore, escalating raw material price variations and economic conditions are projected to have a substantial influence on this industry.

In 2021, the number of automobiles manufactured in the United States surpassed 9.1 million, with each vehicle comprising hundreds of machined components, resulting in thousands of surfaces that needed to be finished with abrasive grinding. High throughput rates, resulting in greater grinding speeds, are required to maintain huge production volumes. These high speeds increase wear on grinding tools and greater operating temperatures, reducing abrasive life. As a result, frequent tooling modifications may be required, resulting in greater production costs. To enhance wear and longevity, one of the current trends in the automobile industry is to use stronger steel with better surface finishes. Grinding becomes more difficult on these tougher surfaces, which necessitates specific abrasives in some situations Thus, the increasing demand from the automotive industry is likely to drive the growth of the Abrasives market revenue.

Figure 1: Country-wise Top 10 Automotive Producers, 2021

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Abrasives Market Segment Insights

The  Abrasives market segmentation, based on source, includes natural, and synthetic. The synthetic segment held the majority share in 2021 contributing to around ~50%-52% with respect to the  Abrasives market revenue. Synthetic abrasives, on the other hand, are the result of extensive processing of raw materials or chemical precursors, such as silicon carbide, synthetic diamond, and alumina. Because virtually all industrial uses require constant qualities, most natural abrasives have been replaced by synthetic compounds. With the exception of natural diamonds, the qualities of most of nature's abrasives are too varied. These synthetic abrasives are best suited for various applications such as grinding, and machining is preferred in automotive manufacturing as well as metal working applications.

September 2020: RPM International Inc. took over the activities of Ali Industries, LLC, a sandpaper maker. Ali Industries will be able to deliver an advanced product segment with an improved surface by adding abrasives to its portfolio of repair and cleaning goods as a result of this acquisition.

Abrasives Material Type Insights

The  Abrasives market segmentation, based on type, includes Bonded, Coated, Super, and Others. The bonded segment held the majority share in 2021 contributing to around ~40%-42% with respect to the  Abrasives market revenue. In the automotive industry, resin-bonded abrasives are widely utilized to machine a variety of driveline, suspension, body, and chassis components. For example, driveline components including engine block cylinders, cylinder heads, valves, crankshafts, camshafts, bearings, and gears require extremely precise, smooth, and polished surfaces to reduce friction and wear, maintain adequate sealing, and enable smooth, noise-free operation. Also, bonded abrasives are widely used in the building & construction industry for grinding, cutting, and polishing. Many materials of construction have to be shaped by mechanical methods, and operations such as grinding, cleaning, and polishing are likely to be used where such materials are hard or tough, or where smooth surfaces are required.

Abrasives Application Insights

The Abrasives market segmentation, based on Application, includes Automotive, Metalworking, Machinery, Electrical & Electronics, Construction, and Others. The Automotive segment dominated the market in 2021 and the Metalworking segment is projected to be the faster-growing segment during the forecast period, 2022-2030. This is due to Leading businesses are seeing rapid expansion. Metal fabrication-dependent industries such as aerospace, defense, and agriculture are all developing steadily. All of these elements point to a bright future for the sector. Furthermore, growing wages in Asia, as well as production reshoring to North America, are expected to fuel the growth of the metal fabrication business in the United States. Fabricators of steel and aluminum saw stronger growth due to increased demand for fabricated parts in the commercial construction, automotive, and aerospace industries. The market is expected to grow due to increased commercial, residential, and institutional activity. Hence, rising applications of Abrasives in Automotive and metalworking will positively impact market growth.

February 2022: Carborundum Universal Ltd has announced the acquisition of a 100% share in RHODIUS Abrasives. This purchase will broaden the company's geographical footprint and provide market-strengthening prospects in the worldwide market. This will further broaden the growth opportunity for the Abrasives industry.

Figure 2:  Abrasives Market, by Application, 2021 & 2030 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Abrasives Regional Insights

By Region, the study segments the market into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Asia-Pacific Abrasives market accounted for USD 29.2 billion in 2021 and is expected to exhibit an 6.25% CAGR during the study period. This is attributed to the robust growth of the automotive, metalworking and other industries in majoe economies in the region is fueling the demand for Abrasives.

Further, the major countries studied are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3:  ABRASIVES MARKET SHARE BY REGION 2021 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

North America Abrasives market accounts for the second-largest market share. Overall, the US is the world’s second-largest market for vehicle sales and production. Due to well-integrated North American supply chains, the vehicles produced in most of the countries comprise more than 40% of raw materials sourced from the US and Canada. The US exports of automotive parts and components have more than tripled between 2005 and 2020. Thus, the escalating growth of the automotive industry in the region is expected to drive the growth of the North America resin bonded abrasives market during the forecast period. Further, the USA Abrasives  market held the largest market share and was the fastest-growing market in the region

The Europe Abrasives Market has a market share of 15%-16% in the abrasives market. This is due to growth in the automotive and metalworking industry. Moreover, Germany Abrasives market held the largest market share, and was the fastest growing market in the European region.

Abrasives Key Market Players & Competitive Insights

The  Abrasives market is characterized by the presence of global, regional, and local players. The market is highly consolidated, with all the players competing to gain significant market share. The key market players of Abrasives compete based on cost, product quality, availability of raw materials, and durability of the product. They are engaged in expanding their production capacity and investing in R&D activities to gain an edge over competitors. Furthermore, the growing popularity of Abrasives in smart electronics and electric vehicles is expected to offer lucrative opportunities to manufacturers in the coming years. However, scarcity of raw materials is expected to hinder the growth of the market studied significantly.

Additionally, the adoption of various strategies by the Abrasives industry such as expansion, R&D, agreements, acquisitions, collaborations, and investments is expected to help these players to gain maximum revenue and long-term growth during the review period. The key participants in the  Abrasives market are Asahi Diamond Industrial Co. Ltd, Saint Gobain Abrasives, 3M, Jason Incorporated, Norton Abrasives, Krebs And Riedel, Deerfos Co. Ltd, DowDuPont Inc., Sia Abrasives Industries AG, Carborundum Universal Ltd, Noritake Co. Ltd, Schaffner Manufacturing Company Inc., TYROLIT Group, Fujimi Incorporated.

3M is a diversified technology company with a  presence. It operates through four business segments: safety and industrial, transportation and electronics, healthcare, and consumer. The company produces over 60,000 products under different brands, including abrasives, adhesives, laminates, personal protective equipment, window films, passive fire protection, paint protection films, and many more. The company operates through 64 manufacturing facilities in 29 states in the US. Internationally, the company has 97 manufacturing and converting facilities across 35 countries.

Also, Norton Abrasives is the world’s leading supplier of abrasives and high-performance materials. In 1990, Saint-Gobain acquired Norton Company but retained the Norton brand name for many of its products supplies across the globe. Saint-Gobain Abrasives, the world’s leading abrasives manufacturer, is the only international supplier of abrasives that manufactures each of the three major types of abrasives: Bonded Abrasives, Coated Abrasives, and Diamond and CBN products. It offers a wide range of products to diverse industries aerospace, automotive, consumer, electronics, energy, food & beverage, industrial, and life sciences. The company has around 63 manufacturing facilities in around 15 countries ly. The company has a presence in more than 67 countries with solutions that serve every major market worldwide.

List of the Key Companies in the Abrasives market includes

• Asahi Diamond Industrial Co. Ltd


• Saint Gobain Abrasives


• 3M


• Jason Incorporated


• Norton Abrasives


• Krebs And Riedel


• Deerfos Co. Ltd


• DowDuPont Inc.


• Sia Abrasives Industries AG


• Carborundum Universal Ltd


• Noritake Co. Ltd


• Schaffner Manufacturing Company Inc.


• TYROLIT Group


• Fujimi Incorporated.

Abrasives Industry Developments

December 2020: Nippon Paint India expanded its product LinenForce line in the automotive industry. The new product range consists of abrasives, waxes & polishes, and rubbing compounds. This product launch is expected give Nippon Paint edge over other market players in the Indian market.

November 2021: 3M launched 3M Xtract Cubitron II 710W Net Abrasive Disc that provides twice the life and cut-rate and up to 97 percent dust removal.

Abrasives Market Segmentation

Abrasives Source Outlook

• Natural


• Synthetic

Abrasives Type Outlook

• Bonded


• Coated


• Super


• Others

Abrasives Application Outlook

• Automotive


• Metalworking


• Machinery


• Electrical & Electronics


• Construction


• Others

Abrasives Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Latin America
  
  
  
  • Mexico
  
  
  • Brazil
  
  
  • Argentina
  
  
  • Rest of Latin America
  
  
  
  


• Middle East & Africa
  
  
  
  • GCC
  
  
  • South Africa
  
  
  • Rest Of Middle East & Africa