Global Abrasives Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

Global Abrasives Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

According to our (Global Info Research) latest study, the global Abrasives market size was valued at USD 18160 million in 2022 and is forecast to a readjusted size of USD 24620 million by 2029 with a CAGR of 4.4% during review period.

An abrasive is a material, often a mineral, that is used to shape or finish a workpiece through rubbing which leads to part of the workpiece being worn away by friction. While finishing a material often means polishing it to gain a smooth, reflective surface, the process can also involve roughening as in satin, matte or beaded finishes. In short, the ceramics which are used to cut, grind and polish other softer materials are known as abrasives.

Global key players of Abrasives include Saint-Gobain, 3M, Bosch, HERMES and CUMI, etc. The top five players hold a share over 20%. Asia-Pacific is the largest market, has a share about 44%. In terms of product type, Bonded Abrasives is the largest segment, occupied for a share of about 60%, and in terms of application, Machinery Manufacturing has a share about 27 percent.

The Global Info Research report includes an overview of the development of the Abrasives industry chain, the market status of Machinery Manufacturing (Bonded Abrasives, Coated Abrasives), Automotive (Bonded Abrasives, Coated Abrasives), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Abrasives.

Regionally, the report analyzes the Abrasives markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Abrasives market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Abrasives market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Abrasives industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K MT), revenue generated, and market share of different by Type (e.g., Bonded Abrasives, Coated Abrasives).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Abrasives market.

Regional Analysis: The report involves examining the Abrasives market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Abrasives market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Abrasives:

Company Analysis: Report covers individual Abrasives manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Abrasives This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Machinery Manufacturing, Automotive).

Technology Analysis: Report covers specific technologies relevant to Abrasives. It assesses the current state, advancements, and potential future developments in Abrasives areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Abrasives market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Abrasives market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
Bonded Abrasives
Coated Abrasives
Others

Market segment by Application
Machinery Manufacturing
Automotive
Steel Processing
Non-Ferrous Metal Processing
Grain Processing
Papermaking
Glass
Plastic
Rubber
Others

Major players covered
Saint-Gobain
3M
Bosch
HERMES
CUMI
Klingspor
VSM
Hubei Yuli Abrasive Belt Group
Bosun Co., Ltd.
PFERD
Sinomach Precision Industry
Reishauer
Sumitomo Group
Dongguan Golden Sun Abrasives
Guangdong Chuanghui Industrial
Asahi Diamond

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Abrasives product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Abrasives, with price, sales, revenue and global market share of Abrasives from 2018 to 2023.

Chapter 3, the Abrasives competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Abrasives breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Abrasives market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Abrasives.

Chapter 14 and 15, to describe Abrasives sales channel, distributors, customers, research findings and conclusion.