Abrasives Market, By Material (Natural, Synthetic), By Type (Coated, Bonded, Super Abrasive), By Pro

Published Date: | Report Code : MT1952694

X

The swift expansion in automotive manufacturing is expected to drive the growth of abrasive market during the forecast period. This has resulted some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

An abrasive is a material, often a mineral, which is used by rubbing to shape or finish a workpiece. Abrasives are very common and are widely used in a wide range of industrial, domestic and technological applications. This results in a large variety in abrasives ‘ physical and chemical structure as well as abrasive shape.  This results in a large variety in abrasives’ physical and chemical structure as well as abrasive shape. Some common abrasives are grinding, polishing, buffing, cutting, drilling, sharpening, lapping and sanding.

The swift expansion in automotive manufacturing is one of the major drivers for market growth. Rising environmental concerns has led to the manufacturing of economical, low carbon emission emitting as well as better performing automobiles

Segment Analysis:

The global abrasives market is segmented based on the material, type,  product type, and end-user industry. Based on the end-user industry, the global abrasives market is segmented into automotive, aerospace, electrical & electronics, and metal fabrication. The automotive segment is expected to boom in this market due to the abrasives are widely used to finish the produced automotive parts. Along with with this, the rapid growth of the automotive segment.

The global abrasives market is anticipated to boom in the Asia-Pacific region due to the construction sector and manufacturing sector rapidly growing in this region. As well as the automotive industry is booming in developing countries like Japan, China, and India. 

Key Factors Impacting Market Growth:

  • High demand from the metal fabrication industry
  • Key players employing strategies such as new product development and acquisitions
  • Decreasing the cost of synthetic diamond
  • Volatile costs of inputs for production

Regional Analysis: 

The abrasives market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. North America and Western Europe are major regions for the abrasives market owing to diversified demand from end-use industries and competitive scenarios. Some of the major end-use industries in these regions include automotive, aerospace, electrical & electronics, metal fabrication, and others. These markets have been dynamic in terms of new product developments and related activities. Hence, some of the emerging sub-segments in this market promise high potential in this region. Major countries for the abrasives market in these regions include the US, Germany, France, UK, Canada, Italy, and so on. Recent economic slowdowns, trade implications and environmental concerns are some of the key impact factors influencing the market dynamics in these regions. Developing regions including Asia Pacific, South America, and Africa have witnessed key developments in terms of organic and inorganic growth strategies. Global companies have made strategic investments in these regions with favorable production conditions and high demand from end-use industries. China, India, Brazil, South Africa, South Korea, Japan, and others have been some of the key economies in the region. Aerospace, automotive, electricals and electronics, and others are some of the major industries in the region with strong potential for the abrasives market. Middle East promises a strong market potential with demand from countries including UAE, Saudi Arabia, Qatar, and others that are seeking to diversify the economic outlook. Eastern Europe consisting of Russia and Turkey is also estimated as one of the key markets with demand from automotive, aerospace, metal fabricators and other industries.

Companies Covered: Bosch, 3M, DowDuPont, Saint-Gobain Abrasives, Fujimi Incorporated, Henkel, Tyrolit, Asahi Diamond Industrial Co. Ltd., Deerfos, Carborundum Universal Limited, KREBS & RIEDEL, Nippon Resibon Corporation, Sankyo-Raikagaku Co. Ltd., Abrasiflex, and Noritake Co. Ltd.

Market Segmentation:

By Material:

  • Natural
  • Synthetic

By Type:

  • Coated
  • Bonded
  • Super Abrasive

By Product Type:

  • Cups
  • Discs
  • Cylinder 

By End-Use Industry:

  • Automotive
  • Aerospace
  • Electrical & Electronics
  • Metal Fabrication

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Material
    • By Type
    • By Product Type
    • By End-Use Industry
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Material
    • By Type
    • By Product Type
    • By End-Use Industry
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Material
    • By Type
    • By Product Type
    • By End-Use Industry
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Material
    • By Type
    • By Product Type
    • By End-Use Industry
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Material
    • By Type
    • By Product Type
    • By End-Use Industry
  • Rest of the World
    • By Region (South America, Africa)
    • By Material
    • By Type
    • By Product Type
    • By End-Use Industry

Reasons To Buy This Report:

  • Market size estimation of the global abrasives market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

For more information, contact: [email protected]

License Offering

Single User (PDF)

3850

Multi User (PDF)

5150

Enterprise User (PDF)

7650

 Regional Analysis

Your personal details are secure. Privacy Policy

Buy Chapters of Sections

Avail customized purchase options to meet your exact research needs.

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities
Detailed Coverage

Detailed scope covering all the major segments in the market

Meticulous Data Validations

In line data validations to ensure data precision

Recommendations

Market recommendations supporting decision making processes

Analyst Support

Round the clock analyst support to resolve your queries

Free Customization

Up to 15% additional free customization to meet your specific requirements

15% Free Customization

Share your Requirements

Questions?  Speak to an Analyst

Your personal details are secure. Privacy Policy