Global Abrasive Compounds Supply, Demand and Key Producers, 2024-2030

Global Abrasive Compounds Supply, Demand and Key Producers, 2024-2030

The global Abrasive Compounds market size is expected to reach $ million by 2030, rising at a market growth of % CAGR during the forecast period (2024-2030).

Abrasive compounds are used in various industries such as automotive, aerospace, construction, and manufacturing for surface finishing, polishing, and grinding applications. The global market for abrasive compounds is driven by the increasing demand for high-quality surface finishing in these industries.

One of the key factors driving the growth of the abrasive compounds market is the growing automotive industry. With the increasing production of vehicles worldwide, there is a rising demand for abrasive compounds for surface finishing and polishing of automotive parts. Additionally, the aerospace industry is also a significant consumer of abrasive compounds for the finishing of aircraft components.

The construction industry is another major end-user of abrasive compounds, particularly for the polishing and grinding of concrete, stone, and metal surfaces. The increasing construction activities in emerging economies such as China, India, and Brazil are expected to drive the demand for abrasive compounds in the construction sector.

In terms of regional analysis, Asia Pacific is expected to dominate the global abrasive compounds market due to the rapid industrialization and infrastructure development in countries like China and India. North America and Europe are also significant markets for abrasive compounds, driven by the presence of a well-established automotive and aerospace industry.

An abrasive compound is a product used to sharpen or polish material surfaces, typically available in powder or granular form, but also used in a broader sense when mixed with water or oil.

In the past, abrasives were made by grinding natural materials like garnet. Nowadays, most abrasives are artificially manufactured, with materials such as granulated alumina, silicon carbide, diamond, and others being used depending on the material being processed and the intended purpose.

The abrasive compound is rarely used alone. For greater convenience, they are often hardened with a bonding agent and used as artificial grinding stones, or adhered to paper or cloth and used as abrasive sheets.

This report studies the global Abrasive Compounds production, demand, key manufacturers, and key regions.

This report is a detailed and comprehensive analysis of the world market for Abrasive Compounds, and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2023 as the base year. This report explores demand trends and competition, as well as details the characteristics of Abrasive Compounds that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Abrasive Compounds total production and demand, 2019-2030, (Tons)

Global Abrasive Compounds total production value, 2019-2030, (USD Million)

Global Abrasive Compounds production by region & country, production, value, CAGR, 2019-2030, (USD Million) & (Tons)

Global Abrasive Compounds consumption by region & country, CAGR, 2019-2030 & (Tons)

U.S. VS China: Abrasive Compounds domestic production, consumption, key domestic manufacturers and share

Global Abrasive Compounds production by manufacturer, production, price, value and market share 2019-2024, (USD Million) & (Tons)

Global Abrasive Compounds production by Type, production, value, CAGR, 2019-2030, (USD Million) & (Tons)

Global Abrasive Compounds production by Application production, value, CAGR, 2019-2030, (USD Million) & (Tons).

This reports profiles key players in the global Abrasive Compounds market based on the following parameters – company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include SpeedFam Corporation, Lapmaster International, LLC, Advanced Abrasives Corporation, Composition Materials Co., Inc., Norton Abrasives, 3M, Champion Aerospace Inc., Fiber Instrument Sales, Inc. and August Rüggeberg GmbH & Co. KG, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Abrasive Compounds market.

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (Tons) and average price (US$/Ton) by manufacturer, by Type, and by Application. Data is given for the years 2019-2030 by year with 2023 as the base year, 2024 as the estimate year, and 2025-2030 as the forecast year.

Global Abrasive Compounds Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Abrasive Compounds Market, Segmentation by Type
Powder
Granules

Global Abrasive Compounds Market, Segmentation by Application
Metallic Surface
Plastic Surface

Companies Profiled:
SpeedFam Corporation
Lapmaster International, LLC
Advanced Abrasives Corporation
Composition Materials Co., Inc.
Norton Abrasives
3M
Champion Aerospace Inc.
Fiber Instrument Sales, Inc.
August Rüggeberg GmbH & Co. KG
Buffalo Manufacturing
Tipton Corp.
Temwell Corporation
WEILER Abrasives d.o.o.
Danpoort International Abrasives BV
Funik Ultrahard Material
EMPF EUROPOLISH MERARD PRECISION FINISHING SARL
Cheong Seng Hardware Sdn Bhd
ActOn Finishing Ltd
Farécla Products Limited
EUROPOLISH s.r.l.
Chemway Sdn Bhd
AKZO NOBEL N.V.
KWH Mirka, Ltd.

Key Questions Answered

1. How big is the global Abrasive Compounds market?

2. What is the demand of the global Abrasive Compounds market?

3. What is the year over year growth of the global Abrasive Compounds market?

4. What is the production and production value of the global Abrasive Compounds market?

5. Who are the key producers in the global Abrasive Compounds market?