Global Abrasive Market Size, Share & Trends Analysis Report by Product (Coated, Bonded), by Application (Automotive & Transportation, Metal Fabrication), by Region (North America, APAC, Europe), and Segment Forecasts, 2021-2028

The global abrasive market size is expected to reach USD 47.82 billion by 2028, expanding at a CAGR of 4.2% over the forecast period. The market is expected to be driven by the rising growth in the metal fabrication industry on account of demand from the end-use sectors, such as automotive, aerospace, agriculture, and medical. Abrasives are tools used for shaping and providing a smooth finish to the surface of the product.

Based on product, the market has been segmented into coated, bonded, and others. The coated segment is anticipated to register the fastest growth rate over the forecast period on account of the increasing application of coated materials in metalworking, where products, such as sandpaper, are used for deburring. China held the largest share of the global market in 2020. The country leads in terms of production as well to cater to domestic demand, as it is also a huge manufacturing hub.

According to the USGS statistics, China was the largest producer of fused aluminum oxide and silicon carbide abrasives in 2019. Rising production in China has compelled other players in the value chain to expand their manufacturing capacities. For instance, in August 2020, Ahlstrom-Munksjö announced to make further investments in its Binzhou plant for producing abrasive backing paper. This investment aims at strengthening the company’s position as a leading producer for abrasive backings across the globe.

Despite the positive market outlook for the future, the market growth plummeted in 2020 on account of the Covid-19 pandemic. Several companies witnessed losses in 2020 as the manufacturing operations were suspended, which impacted both product manufacturing and consumption. For example, Grindwell Norton Ltd.’s abrasives division reported a drop in sales due to a decline in industrial activity and lockdown in the first quarter of 2020.

Abrasive Market Report Highlights

The bonded products segment held the largest revenue share of over 43% in 2020 owing to increasing demand for these products from numerous industries including steel, automotive, cutting tools, food processing, and general engineering, among others
The automotive & transportation application dominated the market with a share of more than 35% in 2020 and will retain the leading position throughout the forecast years
The growth of this application segment can be attributed to the increasing production of Electric Vehicles (EVs) and the rising number of their charging stations
Metal fabrication is anticipated to register the fastest CAGR during the forecast period. Metal fabricators look for high-performance abrasive discs and finishing materials to reduce the downtime of fabrication operations
Asia Pacific is anticipated to register the fastest growth rate of 4.7% over the forecast period on account of rapid growth in the manufacturing sector in the developing economies, such as India, China, and South Korea

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Frequently Asked Questions about the Abrasive Market

What is the estimated value of the Abrasive Market?

The Abrasive Market was estimated to be valued at $35.29 Billion in 2021.

What is the growth rate of the Abrasive Market?

The growth rate of the Abrasive Market is 4.2%, with an estimated value of $47.82 Billion by 2028.

What is the forecasted size of the Abrasive Market?

The Abrasive Market is estimated to be worth $47.82 Billion by 2028.

Who are the key companies in the Abrasive Market?

Key companies in the Abrasive Market include 3M, Asahi Diamond Industrial Co., Ltd., Bosch Limited, CUMI., Deerfos, Henkel AG & Co. KGaA, SAK ABRASIVES LIMITED, Saint and sia Abrasives Industries AG.

Report Attribute	Details
No. of Pages	115
Published	March 2021
Forecast Period	2021 - 2028
Estimated Market Value ( USD ) in 2021	$ 35.29 Billion
Forecasted Market Value ( USD ) by 2028	$ 47.82 Billion
Compound Annual Growth Rate	4.2%
Regions Covered	Global
No. of Companies Mentioned	10

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

Chapter 2. Executive Summary

2.1. Market Insights
2.2. Segmental Outlook

Chapter 3. Abrasives Market Variables, Trends, and Scope

3.1. Market Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Raw Material Outlook
3.3.2. Manufacturing Outlook
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Market Challenge Analysis
3.5. Regulatory Framework
3.6. Business Environmental Analysis
3.6.1. Porter’s Analysis
3.6.2. PESTEL Analysis

Chapter 4. Abrasives Market: Product Outlook Estimates & Forecasts

4.1. Definition & Scope
4.2. Abrasive Market: Product Movement Analysis, 2020 & 2028
4.3. Bonded
4.3.1. Market estimates & forecasts, 2017 - 2028 (USD Million)
4.4. Coated
4.4.1. Market estimates & forecasts, 2017 - 2028 (USD Million)
4.5. Others
4.5.1. Market estimates & forecasts, 2017 - 2028 (USD Million)

Chapter 5. Abrasive Market: Application Outlook Estimates & Forecasts

5.1. Definition & Scope
5.2. Abrasive Market: Application Movement Analysis, 2020 & 2028
5.3. Automotive & Transportation
5.3.1. Market estimates & forecasts, 2017 - 2028 (USD Million)
5.4. Heavy Machinery
5.4.1. Market estimates & forecasts, 2017 - 2028 (USD Million)
5.5. Metal Fabrication
5.5.1. Market estimates & forecasts, 2017 - 2028 (USD Million)
5.6. Electrical & Electronics Equipment
5.6.1. Market estimates & forecasts, 2017 - 2028 (USD Million)
5.7. Others
5.7.1. Market estimates & forecasts, 2017 - 2028 (USD Million)

Chapter 6. Abrasives Market Regional Outlook Estimates & Forecasts

6.1. Regional Snapshot
6.2. Abrasive Market: Regional Movement Analysis, 2020 & 2028
6.3. North America
6.3.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.3.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.3.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.3.4. The U.S.
6.3.4.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.3.4.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.3.4.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.3.5. Canada
6.3.5.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.3.5.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.3.5.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.3.6. Mexico
6.3.6.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.3.6.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.3.6.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.4. Europe
6.4.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.4.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.4.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.4.4. Germany
6.4.4.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.4.4.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.4.4.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.4.5. The U.K.
6.4.5.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.4.5.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.4.5.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.4.6. France
6.4.6.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.4.6.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.4.6.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.4.7. Italy
6.4.7.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.4.7.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.4.7.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.4.8. Russia
6.4.8.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.4.8.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.4.8.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.5. Asia Pacific
6.5.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.5.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.5.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.5.4. China
6.5.4.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.5.4.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.5.4.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.5.5. India
6.5.5.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.5.5.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.5.5.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.5.6. Japan
6.5.6.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.5.6.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.5.6.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.5.7. Australia
6.5.7.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.5.7.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.5.7.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.6. Central & South America
6.6.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.6.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.6.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.6.4. Brazil
6.6.4.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.6.4.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.6.4.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.7. Middle East & Africa
6.7.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.7.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.7.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)

Chapter 7. Competitive Analysis

7.1. Competitve Scenario
7.2. Company Categorization (Key Innovators, Market Leaders, Emerging Players)
7.3. Vendor Landscape
7.3.1. List of raw material suppliers, distributors, and other prominent manufacturers
7.3.2. List of potential customers
7.4. SWOT Analysis (For key companies)

Chapter 8. Company Profiles

8.1. 3M
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Asahi Diamond Industrial Co., Ltd.
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. Bosch Limited
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. CUMI.
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. Deerfos
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. Henkel AG & Co. KGaA
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. SAK ABRASIVES LIMITED
8.7.1. Company Overview
8.7.2. Product Benchmarking
8.7.3. Strategic Initiatives
8.8. Saint-Gobain
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
8.9. sia Abrasives Industries AG
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.9.4. Strategic Initiatives
8.10. TYROLIT Group
8.10.1. Company Overview
8.10.2. Product Benchmarking
8.10.3. Strategic Initiatives

List of Tables

Table 1 Coated abrasives market estimates & forecasts, 2017 - 2028 (USD Million)
Table 2 Bonded abrasives market estimates & forecasts, 2017 - 2028 (USD Million)
Table 3 Other abrasives market estimates & forecasts, 2017 - 2028 (USD Million)
Table 4 Abrasives market estimates & forecasts, in automotive & transportations, 2017 - 2028 (USD Million)
Table 5 Abrasives market estimates & forecasts, in heavy machinery, 2017 - 2028 (USD Million)
Table 6 Abrasives market estimates & forecasts, in metal fabrication, 2017 - 2028 (USD Million)
Table 7 Abrasives market estimates & forecasts, in electrical & electronics equipment, 2017 - 2028 (USD Million)
Table 8 Abrasives market estimates & forecasts, in other applications, 2017 - 2028 (USD Million)
Table 9 North America abrasives market estimates & forecasts, 2017 - 2028 (USD Million)
Table 10 North America abrasives market estimates & forecasts, by product, 2017 - 2028 (USD Million)
Table 11 North America abrasives market estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 12 The U.S. abrasives market estimates & forecasts, 2017 - 2028 (USD Million)
Table 13 The U.S. abrasives market estimates & forecasts, by product, 2017 - 2028 (USD Million)
Table 14 The U.S. abrasives market estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 15 Canada abrasives market estimates & forecasts, 2017 - 2028 (USD Million)
Table 16 Canada abrasives market estimates & forecasts, by product, 2017 - 2028 (USD Million)
Table 17 Canada abrasives market estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 18 Mexico abrasives market estimates & forecasts, 2017 - 2028 (USD Million)
Table 19 Mexico abrasives market estimates & forecasts, by product, 2017 - 2028 (USD Million)
Table 20 Mexico abrasives market estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 21 Europe abrasives market estimates & forecasts, 2017 - 2028 (USD Million)
Table 22 Europe abrasives market estimates & forecasts, by product, 2017 - 2028 (USD Million)
Table 23 Europe abrasives market estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 24 Germany abrasives market estimates & forecasts, 2017 - 2028 (USD Million)
Table 25 Germany abrasives market estimates & forecasts, by product, 2017 - 2028 (USD Million)
Table 26 Germany abrasives market estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 27 The U.K. abrasives market estimates & forecasts, 2017 - 2028 (USD Million)
Table 28 The U.K. abrasives market estimates & forecasts, by product, 2017 - 2028 (USD Million)
Table 29 The U.K. abrasives market estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 30 France abrasives market estimates & forecasts, 2017 - 2028 (USD Million)
Table 31 France abrasives market estimates & forecasts, by product, 2017 - 2028 (USD Million)
Table 32 France abrasives market estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 33 Italy abrasives market estimates & forecasts, 2017 - 2028 (USD Million)
Table 34 Italy abrasives market estimates & forecasts, by product, 2017 - 2028 (USD Million)
Table 35 Italy abrasives market estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 36 Russia abrasives market estimates & forecasts, 2017 - 2028 (USD Million)
Table 37 Russia abrasives market estimates & forecasts, by product, 2017 - 2028 (USD Million)
Table 38 Russia abrasives market estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 39 Asia Pacific abrasives market estimates & forecasts, 2017 - 2028 (USD Million)
Table 40 Asia Pacific abrasives market estimates & forecasts, by product, 2017 - 2028 (USD Million)
Table 41 Asia Pacific abrasives market estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 42 China abrasives market estimates & forecasts, 2017 - 2028 (USD Million)
Table 43 China abrasives market estimates & forecasts, by product, 2017 - 2028 (USD Million)
Table 44 China abrasives market estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 45 India abrasives market estimates & forecasts, 2017 - 2028 (USD Million)
Table 46 India abrasives market estimates & forecasts, by product, 2017 - 2028 (USD Million)
Table 47 India abrasives market estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 48 Japan abrasives market estimates & forecasts, 2017 - 2028 (USD Million)
Table 49 Japan abrasives market estimates & forecasts, by product, 2017 - 2028 (USD Million)
Table 50 Japan abrasives market estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 51 Australia abrasives market estimates & forecasts, 2017 - 2028 (USD Million)
Table 52 Australia abrasives market estimates & forecasts, by product, 2017 - 2028 (USD Million)
Table 53 Australia abrasives market estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 54 Central & South America abrasives market estimates & forecasts, 2017 - 2028 (USD Million)
Table 55 Central & South America abrasives market estimates & forecasts, by product, 2017 - 2028 (USD Million)
Table 56 Central & South America abrasives market estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 57 Brazil abrasives market estimates & forecasts, 2017 - 2028 (USD Million)
Table 58 Brazil abrasives market estimates & forecasts, by product, 2017 - 2028 (USD Million)
Table 59 Brazil abrasives market estimates & forecasts, by application, 2017 - 2028 (USD Million)
Table 60 Middle East & Africa abrasives market estimates & forecasts, 2017 - 2028 (USD Million)
Table 61 Middle East & Africa abrasives market estimates & forecasts, by product, 2017 - 2028 (USD Million)
Table 62 Middle East & Africa abrasives market estimates & forecasts, by application, 2017 - 2028 (USD Million)

List of Figures

Fig 1. Abrasive market segmentation
Fig 2. Information procurement
Fig 3. Data analysis models
Fig 4. Market formulation and validation
Fig 5. Data validating & publishing
Fig 6. Abrasive market outlook
Fig 7. Segmental outlook
Fig 8. Penetration & growth prospect mapping
Fig 9. Industry value chain
Fig 10. Market dynamics
Fig 11. Market driver analysis
Fig 12. Market restraint analysis
Fig 13. Porter’s analysis
Fig 14. PESTEL analysis
Fig 15. Abrasive market: Product movement analysis, 2020 & 2028
Fig 16. Abrasive market: Application movement analysis, 2020 & 2028
Fig 17. Abrasive market: Regional movement analysis, 2020 & 2028