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Abrasives Market Global Market Report 2022, By Type, By Form, By Application, By End User

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    Report

  • 250 Pages
  • March 2022
  • Region: Global
  • The Business Research Company
  • ID: 5566545

FEATURED COMPANIES

  • 3M Company
  • Abrasiflex
  • Deerfos Co. Ltd.
  • Fujimi Incorporated
  • Henkel AG & CO. KGAA
  • Jason Incorporated
Abrasives Market Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global abrasives market market.



This report focuses on abrasives market market which is experiencing strong growth. The report gives a guide to the abrasives market market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates
  • Create regional and country strategies on the basis of local data and analysis
  • Identify growth segments for investment
  • Outperform competitors using forecast data and the drivers and trends shaping the market
  • Understand customers based on the latest market research findings
  • Benchmark performance against key competitors
  • Utilize the relationships between key data sets for superior strategizing
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:


Where is the largest and fastest growing market for the abrasives market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Abrasives Market market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider abrasives market market, and compares it with other markets.

  • The market characteristics section of the report defines and explains the market
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth
  • Market segmentations break down market into sub markets
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth
  • It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers
  • The abrasives market market section of the report gives context. It compares the abrasives market market with other segments of the abrasives market market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, abrasives market indicators comparison

Scope


Markets Covered:

1) By Raw Material: Natural; Synthetic
2) By Type: Bonded Abrasives; Coated Abrasives; Super Precision Abrasives; Super Construction Abrasives
3) By Form: Block Form; Powdered Form
4) By Application: Grinding; Cutting; Polishing; Drilling; Finishing; Others
5) By End User: Automotive; Machinery; Aerospace; Electrical & Electronics; Construction; Furniture

Companies Mentioned: Robert Bosch GMBH; 3M Company; Saint-Gobain Abrasives Inc; Fujimi Incorporated; Henkel AG & CO KGAA

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Frequently Asked Questions about the Global Abrasives Market

What is the estimated value of the Global Abrasives Market?

The Global Abrasives Market was estimated to be valued at $39.5 billion in 2022.

What is the growth rate of the Global Abrasives Market?

The growth rate of the Global Abrasives Market is 9.4%, with an estimated value of $56.6 billion by 2026.

What is the forecasted size of the Global Abrasives Market?

The Global Abrasives Market is estimated to be worth $56.6 billion by 2026.

Who are the key companies in the Global Abrasives Market?

Key companies in the Global Abrasives Market include Robert Bosch GMBH, 3M Company, Saint, Gobain Abrasives Inc., Fujimi Incorporated, Henkel AG & CO. KGAA, Tyrolit Group, Asahi Diamond Industrial Co. LTD. and Carborundum Universal Limited.

FEATURED COMPANIES

  • 3M Company
  • Abrasiflex
  • Deerfos Co. Ltd.
  • Fujimi Incorporated
  • Henkel AG & CO. KGAA
  • Jason Incorporated

1. Executive Summary2. Abrasives Market Market Characteristics3. Abrasives Market Market Trends And Strategies4. Impact Of COVID-19 On Abrasives Market
5. Abrasives Market Market Size And Growth
5.1. Global Abrasives Market Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Abrasives Market Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Abrasives Market Market Segmentation
6.1. Global Abrasives Market Market, Segmentation By Raw Material, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Natural
  • Synthetic
6.2. Global Abrasives Market Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Bonded Abrasives
  • Coated Abrasives
  • Super Precision Abrasives
  • Super Construction Abrasives
6.3. Global Abrasives Market Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Block Form
  • Powdered Form
6.4. Global Abrasives Market Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Grinding
  • Cutting
  • Polishing
  • Drilling
  • Finishing
  • Others
6.5. Global Abrasives Market Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Automotive
  • Machinery
  • Aerospace
  • Electrical & Electronics
  • Construction
  • Furniture

7. Abrasives Market Market Regional And Country Analysis
7.1. Global Abrasives Market Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Abrasives Market Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Abrasives Market Market
8.1. Asia-Pacific Abrasives Market Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Abrasives Market Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Abrasives Market Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Abrasives Market Market
9.1. China Abrasives Market Market Overview
9.2. China Abrasives Market Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Abrasives Market Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Abrasives Market Market
10.1. India Abrasives Market Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Abrasives Market Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Abrasives Market Market
11.1. Japan Abrasives Market Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Abrasives Market Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Abrasives Market Market
12.1. Australia Abrasives Market Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Abrasives Market Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Abrasives Market Market
13.1. Indonesia Abrasives Market Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Abrasives Market Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Abrasives Market Market
14.1. South Korea Abrasives Market Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Abrasives Market Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Abrasives Market Market
15.1. Western Europe Abrasives Market Market Overview
15.2. Western Europe Abrasives Market Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Abrasives Market Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Abrasives Market Market
16.1. UK Abrasives Market Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Abrasives Market Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Abrasives Market Market
17.1. Germany Abrasives Market Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Abrasives Market Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Abrasives Market Market
18.4. France Abrasives Market Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.5. France Abrasives Market Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Abrasives Market Market
19.1. Eastern Europe Abrasives Market Market Overview
19.2. Eastern Europe Abrasives Market Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Abrasives Market Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Abrasives Market Market
20.1. Russia Abrasives Market Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Abrasives Market Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Abrasives Market Market
21.1. North America Abrasives Market Market Overview
21.2. North America Abrasives Market Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Abrasives Market Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Abrasives Market Market
22.1. USA Abrasives Market Market Overview
22.2. USA Abrasives Market Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Abrasives Market Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Abrasives Market Market
23.1. South America Abrasives Market Market Overview
23.2. South America Abrasives Market Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Abrasives Market Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Abrasives Market Market
24.1. Brazil Abrasives Market Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Abrasives Market Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Abrasives Market Market
25.1. Middle East Abrasives Market Market Overview
25.2. Middle East Abrasives Market Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Abrasives Market Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Abrasives Market Market
26.1. Africa Abrasives Market Market Overview
26.2. Africa Abrasives Market Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Abrasives Market Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Abrasives Market Market Competitive Landscape And Company Profiles
27.1. Abrasives Market Market Competitive Landscape
27.2. Abrasives Market Market Company Profiles
27.2.1. Robert Bosch GMBH
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. 3M Company
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Saint-Gobain Abrasives, Inc.
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Fujimi Incorporated
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Henkel AG & CO. KGAA
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Abrasives Market Market29. Abrasives Market Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright And Disclaimer

FEATURED COMPANIES

  • 3M Company
  • Abrasiflex
  • Deerfos Co. Ltd.
  • Fujimi Incorporated
  • Henkel AG & CO. KGAA
  • Jason Incorporated
Major players in the abrasives market market are Robert Bosch GMBH, 3M Company, Saint-Gobain Abrasives Inc., Fujimi Incorporated, Henkel AG & CO. KGAA, Tyrolit Group, Asahi Diamond Industrial Co. LTD, Deerfos Co. Ltd, Carborundum Universal Limited, Nippon Resibon Corporation, Krebs & Riedel, Abrasiflex, Noritake Co. Ltd, Sankyo-Rikagaku, Sia Abrasives Industries AG., Jason Incorporated and Schaffner Manufacturing Company Inc.

The global abrasives market is expected to grow from $36.65 billion in 2021 to $39.46 billion in 2022 at a compound annual growth rate (CAGR) of 7.68%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $56.59 billion in 2026 at a CAGR of 9.43%.

The abrasives market consists of sales of abrasives by entities (organizations, sole traders, and partnerships) that are used to shape or finish a workpiece by rubbing, resulting in the wear of a portion of the workpiece due to friction. Grinding wheels, sandpapers, honing stones, polishes, cut off wheels, tumbling and vibratory mass-finishing media, sandblasting, pulp stones, ball mills, and other instruments and items are all examples of abrasives. Industry can only generate the very exact components and ultra-smooth surfaces required in the production of automobiles, aeroplanes, and space vehicles, as well as mechanical and electrical appliances and machine equipment, using abrasives.

The raw materials used in abrasives are natural and synthetic. The natural abrasives use natural raw materials to manufacture abrasives. Diamond, corundum, and emery are natural abrasives that occur in natural deposits and may be mined and processed for use with little modification. The various types of abrasives are bonded abrasives, coated abrasives, super precision abrasives and super construction abrasives and occur in different forms such as block form and powdered form. The abrasives are used in grinding, cutting, polishing, drilling, finishing and others and the end user are automotive, machinery, aerospace, electrical & electronics, construction and furniture.

Asia Pacific was the largest region in the abrasives market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The growing electrical vehicle (EV) industry is expected to propel the growth of the abrasives market. An electric vehicle (EV) is one that uses an electric motor and is charged at electric stations rather than an internal-combustion. This upswing is coupled with the compelling need to populate the huge worldwide road network with electric vehicle (EV) charging stations, as the meteoric rise of the electric car shows every indication of lasting far into the future. As a result, demand for stainless steel (and the abrasives needed to finish it) to provide numerous electric vehicle charging stations is expected to grow for years. In almost all circumstances, stainless steel will need at least one abrasive treatment to finish it before it can be used in any significant fashion in the real world. Every stainless steel weld, for example, necessitates some degree of grinding and polishing. According to "Power Technology", EV sales have surged, with increases in all three major car markets: China, the United States, and Europe. In the first half of 2021, sales climbed by 160 percent year over year to 2.6 million vehicles, accounting for 26 percent of new vehicle sales worldwide. Therefore a rise in electrical vehicles industry the driving the growth of abrasives.

Strategic collaborations between companies is a key trend gaining popularity in the abrasives market. Companies manufacturing abrasives are undergoing partnerships and collaboration to develop new technologies and products. For instance in October 2020, Bosch, a German multinational engineering and technology company headquartered in Gerlingen, Germany has partnered with Behr Bircher BBC AG a Swiss based company that manufactures and assembles precision parts for various industries, made an agreement to purchase 40% of shares in Sia abrasives holding AG for a deal amount of $110 million dollars. This collaboration allows Bosch's power tools division to expand its surface technology efforts and expand its existing abrasive product offering. Also, in March 2020, Marco Group International, a US-based company that manufactures abrasives, coating equipment and engineered system partnered with APE Companies, a US-based company that produces abrasives and safety products for various industrial contractors. This cooperation allows both companies to become a top North American distributor of surface preparation, abrasives, and safety products with retail stores present in 24 locations across the United States and Canada. This partnership is a significant step forward for both organisations, as it will enable the merged company to better serve its clients by providing more locations and a wider range of products.

In September 2020, RPM International, a US-based company that manufactures sealants and building materials acquired Ali industries, LLC for an undisclosed amount. The deal enables RMC International broadens their segment’s surface preparation capabilities by adding abrasives to their line-up of patch, repair and cleaning products. RPM International also hopes to expand Ali's distribution network and expand their business into new regions as a result of this deal. This acquisition also provides considerable opportunity to strengthen partnerships with important retailers and better meet customer abrasives needs. Ali industries, LLC is a US-based manufacturer of abrasive products to the consumer retail market.

The countries covered in the Abrasives Market market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

A selection of companies mentioned in this report includes:

  • Robert Bosch GMBH
  • 3M Company
  • Saint-Gobain Abrasives Inc.
  • Fujimi Incorporated
  • Henkel AG & CO. KGAA
  • Tyrolit Group
  • Asahi Diamond Industrial Co. LTD.
  • Deerfos Co. Ltd.
  • Carborundum Universal Limited
  • Nippon Resibon Corporation
  • Krebs & Riedel
  • Abrasiflex
  • Noritake Co. Ltd.
  • Sankyo-Rikagaku
  • Sia Abrasives Industries AG
  • Jason Incorporated
  • Schaffner Manufacturing Company Inc.

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