This report projects the trends and opportunities of the global abrasive market. It includes the qualitative & quantitative analysis with comprehensive research methodologies and reliable projections to understand the present overview with market growth and predict the market behavior during the forecast period.
Increase in the application areas of abrasives in metal fabrication and automotive industries fuels the market growth. Moreover, rise in production of electronic components in North America and Europe coupled with highest growth in consumption of medical devices in China and India are some key factors fueling the growth of the market. In addition, rise in demand for bonded abrasives among e-commerce industry and soaring applications of abrasives in construction, cleaning, maintenance, power generation, and medical devices are some other aspects bolstering the growth of the global abrasives market. Technological advancements and increase in overall trade & transportation globally are expected to fuel the abrasives market in the emerging countries, such as India, China, and Brazil.
The global abrasives market is segmented on the basis of type, material, end-user industry, and geography. Based on type, it is classified into bonded, coated, and super. Based on material, it is bifurcated into natural and synthetic. Based on end-user industry, it is categorized into automotive, metal fabrication, machinery, electronics, construction, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key market players in the global abrasives market include:
Robert Bosch GmbH
Saint–Gobain Abrasives, Inc.
Henkel AG & Co.
Asahi Diamond Industrial Co., Ltd.
Carborundum Universal Limited.
KEY BENEFITS FOR STAKEHOLDERS
This report provides a quantitative analysis of the current trends, estimations, and dynamics from 2016 to 2023 to assist in identifying the prevailing market opportunities.
Major countries in each region are mapped according to the individual market revenue.
The region-wise and country-wise abrasives market conditions are comprehensively analyzed.
This study evaluates the competitive landscape and the value chain analysis to understand the competitive environment across geographies.
An in-depth analysis of each segment of the abrasives market is provided, to assist the prevailing market opportunities.
KEY MARKET SEGMENTS
By End-User Industry
Others (Medical Devices, Cleaning, and Maintenance)
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
The other players in the value chain (profiles not included in the report) include:
Deerfos Co., Ltd.
Stanley Black & Decker Incorporated
Cabot Microelectronics Corporation
The Dow Chemical Company
FMSA Holdings Incorporated
Global Material Technologies Incorporated
*The above list of companies is not profiled in the report, and can be added based on client interest.
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tool & Model
CHAPTER 2. EXECUTIVE SUMMARY
2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVES
CHAPTER 3. MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top Investment Pockets
3.2.2. Top winning strategies
3.3. PORTERS FIVE FORCES ANALYSIS
3.4. MARKET DYNAMICS
188.8.131.52. Increasing demand for automobiles
184.108.40.206. Rising demand for abrasives in vehicle and bicycle brakes
220.127.116.11. Increasing demand especially from electronic industry
18.104.22.168. Restrictions on the use of silica based abrasives
22.214.171.124. Fluctuating raw material prices
126.96.36.199. Rising demand in medical and biotechnology sector
3.5. MARKET SHARE ANALYSIS, 2016(%)
CHAPTER 4. GLOBAL ABRASIVES MARKET, BY TYPE
4.1.1. Market Size and Forecast
4.2. BONDED ABRASIVES
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast
4.3. COATED ABRASIVES
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast
4.4. SUPER ABRASIVES
4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast
CHAPTER 5. GLOBAL ABRASIVES MARKET, BY MATERIAL
5.1.1. Market Size and Forecast
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast
CHAPTER 6. GLOBAL ABRASIVES MARKET, BY END-USER INDUSTRY
6.1.1. Market Size and Forecast
6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast
6.3. METAL FABRICATION
6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast
6.4.1. Key Market Trends, Growth Factors and Opportunities
6.4.2. Market Size and Forecast
6.5.1. Key Market Trends, Growth Factors and Opportunities
6.5.2. Market Size and Forecast
6.6.1. Key Market Trends, Growth Factors and Opportunities
6.6.2. Market Size and Forecast
6.7. OTHERS (MEDICAL DEVICES, CLEANING & MAINTENANCE ETC.)
6.7.1. Key Market Trends, Growth Factors and Opportunities
6.7.2. Market Size and Forecast
CHAPTER 7. GLOBAL ABRASIVES MARKET, BY GEOGRAPHY
7.1.1. Market Size and Forecast
7.2. NORTH AMERICA
7.2.1. Key Market Trends, Growth Factors and Opportunities
7.2.2. Market Size and Forecast
188.8.131.52. Market size and forecast, by Type
184.108.40.206. Market size and forecast, by Type
220.127.116.11. Market size and forecast, by Type
7.3.1. Key Market Trends, Growth Factors and Opportunities
7.3.2. Market Size and Forecast
18.104.22.168. Market size and forecast, by Type
22.214.171.124. Market size and forecast, by Type
126.96.36.199. Market size and forecast, by Type
188.8.131.52. Market size and forecast, by Type
184.108.40.206. Market size and forecast, by Type
7.3.8. Rest of Europe
220.127.116.11. Market size and forecast, by Type
7.4.1. Key Market Trends, Growth Factors and Opportunities
7.4.2. Market Size and Forecast
18.104.22.168. Market size and forecast, by Type
22.214.171.124. Market size and forecast, by Type
126.96.36.199. Market size and forecast, by Type
188.8.131.52. Market size and forecast, by Type
184.108.40.206. Market size and forecast, by Type
7.4.8. Rest of Asia-Pacific
220.127.116.11. Market size and forecast, by Type
7.5.1. Key Market Trends, Growth Factors and Opportunities
7.5.2. Market Size and Forecast
18.104.22.168. Market size and forecast, by Type
22.214.171.124. Market size and forecast, by Type
7.5.5. South Africa
126.96.36.199. Market size and forecast, by Type
7.5.6. Rest of LAMEA
188.8.131.52. Market size and forecast, by Type
CHAPTER 8. COMPANY PROFILES
8.1. ROBERT BOSCH GMBH
8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Operating Business Segments
8.1.4. Business Performance
8.1.5. Key Strategic Moves and Developments
8.2. 3M COMPANY
8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Operating Business Segments
8.2.4. Business Performance
8.2.5. Key Strategic Moves and Developments
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Operating Business Segments
8.3.4. Business Performance
8.3.5. Key Strategic Moves and Developments
8.4. COSENTINO S.A.
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Operating Business Segments
8.4.4. Business Performance
8.4.5. Key Strategic Moves and Developments
8.5. SAINT GOBAIN ABRASIVES, INC.
8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Operating Business Segments
8.5.4. Business Performance
8.5.5. Key Strategic Moves and Developments
8.6. HENKEL AG & CO.
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Operating Business Segments
8.6.4. Business Performance
8.6.5. Key Strategic Moves and Developments
8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Operating Business Segments
8.7.4. Business Performance
8.7.5. Key Strategic Moves and Developments
8.8. ASAHI DIAMOND INDUSTRIAL CO. LTD.
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Operating Business Segments
8.8.4. Business Performance
8.8.5. Key Strategic Moves and Developments
8.9. FUJIMI INCORPORATED
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segments
8.9.4. Business Performance
8.9.5. Key Strategic Moves and Developments
8.10. CARBORUNDUM UNIVERSAL LIMITED
8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Operating Business Segments
8.10.4. Business Performance
8.10.5. Key Strategic Moves and Developments
Abrasives are materials, which are used to mold or finish other rough materials through extensive rubbing. Abrasives work by scraping the outer layers or surfaces for removal of unwanted substances or roughness. Abrasives are used in many end use industries such as metal working, wood working, cleaning, and deburring.
Increase in demand from automobile manufacturers, medical device manufacturers, and electronic equipment manufacturers drives the global abrasives market. Moreover, rise in consumption of abrasives in cleaning applications and surface treatment, such as grinding, dimensioning, blending, finishing, sharping, and polishing, are some other key aspects that drive the growth of the global abrasives market. However, strict government regulations on the extraction of natural abrasives and fluctuations in raw material prices hinder the market growth.
Abrasives are expected to witness the highest growth rate in automotive industry, owing to increase in demand for passenger and commercial vehicles especially in the developing economies across the globe. Furthermore, rapid urbanization and upsurge in demand for efficient abrasive materials for cutting and grinding precious metals are expected to boost the market growth.
The automotive segment accounted for around half of the global market, in terms of volume, in 2016. The demand of abrasives has increased due to response to the perennial modifications in the automotive industry. Thus, increase in requirement of high-tech synthetic abrasives and rise in adoption of new abrasive materials especially in automotive industry fuel the demand for abrasives across the globe.
Key Findings of the Abrasives Market:
The automotive segment is anticipated to grow at the highest CAGR during the analysis period.
Asia-Pacific is projected to maintain its lead position from 2017 to 2023, growing at a CAGR of 5.2%, in terms of volume.
The automotive application segment occupied around half of the total market in 2016.
China occupied around two-fifths of the Asia-Pacific market in 2016.
In terms of value, Italy is expected to grow at a significant CAGR of 6.8% during the forecast period.
In 2016, Asia-Pacific and LAMEA collectively accounted for nearly half of the global market, in terms of volume, and are expected to continue this trend during the forecast period, owing to increase in urbanization, especially in China, India, Brazil, and other developing countries. Moreover, rapid urbanization, increase in per capita income, and growth in overall consumer expenditure drive the growth of the Asia-Pacific market.
The major companies profiled in the report include Robert Bosch GmbH, Cosentino S.A., 3M Company, Henkel AG & Co. KGAA, Saint-Gobain Abrasives, Inc., Dupont, Asahi Diamond Industrial Co., Ltd., Carborundum Universal Limited, Fujimi Incorporated.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.