Global Abrasives Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Abrasives Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Abrasive refs to the quality of a material, usually a mineral, which can be used to polish, smooth and grind the surface of other materials. Abrasives are very common and are extensively used in a broad range of technological, industrial applications.

Market Overview:

The latest research study on the global Abrasives market finds that the global Abrasives market reached a value of USD 43962.49 million in 2022. It’s expected that the market will achieve USD 62502.97 million by 2028, exhibiting a CAGR of 6.04% during the forecast period.

The industrial chain is affected

The impact of pneumonia epidemic in COVID-19 on the global abrasive industry involves all major links and entities in the industrial chain. Under the epidemic situation, the management efficiency of the company declined, commuting was severely hindered, the production plan was severely hindered, the network expansion and marketing were delayed, the brand was forced to adjust, the market sales declined, and the income of the company and employees was damaged.

SMEs face challenges

The pneumonia epidemic in COVID-19 has had a great impact on the global abrasives industry, especially the after-sales operation of small and medium-sized enterprises. Stopping production not only aggravates the shortage of funds for small and medium-sized enterprises, but also reduces the solvency of enterprises, which may affect production and sales. Some enterprises have difficulties in operation and even go bankrupt. The epidemic situation has seriously affected the logistics and transportation, and the transportation of raw materials is difficult. The industrial chain of SMEs is imperfect and fragile.

The production cost of enterprises increases

With the gradual control of the epidemic, some factories began to resume operation. However, enterprises need to protect the life and health of employees while operating production, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after production, and testing the body temperature of employees every day to ensure their health. These measures will increase production costs and affect the development of enterprises.

Strength

The usage in the automobile industry is increasing continuously The increase of abrasive consumption in automobile industry may be an important factor to promote market growth. In order to meet the functional requirements, the dimensional accuracy of automobile components must be maintained, so abrasives are used in the finishing of automobile manufacturing parts. They are used for sizing, repairing and cleaning car bodies, internal and external engine parts. Oiling, smooth welding, smooth edges, fittings, polished or painted surfaces and the inside of pipes should also be cleaned. In addition, the development of electric vehicles may provide power for the abrasive industry and increase the use of abrasives in the automotive industry.

Weakness

Fierce market competition

At present, the market competition of abrasive industry is fierce, and all participants are competing for market share. Moreover, there are many well-known large companies in the market, which have advantages in market competition in technology, capital and market channels.

Epidemic affects supply chain

The epidemic of infectious coronavirus has brought great pressure to global enterprises and departments. Many governments have adopted blockade measures to prevent the spread of this infectious disease. These proposals have led to delays in development and supply chain. Coronavirus has an adverse impact on manufacturing industries such as metal processing, equipment and automobile industry, while the development of abrasive industry is mainly driven by downstream manufacturing industries. Due to the restriction of foreign flights, the interruption of import and export business will further limit the development of the market.

Region Overview:

From 2022-2027, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

Saint-Gobain, Carborundum Universal Limited, 3M Company, TYROLIT Group and Noritake Co., Ltd are the five key players in the global Abrasives market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Abrasives market in the past 5 years.

Saint-Gobain

Saint-Gobain designs, manufactures and distributes materials and solutions. Products are widely used in construction, transportation, infrastructure and many industrial applications. They provide comfort, performance and safety while meeting the challenges of sustainable construction, resource efficiency and climate change.

Carborundum Universal Limited

Carborundum Universal Ltd (CUMI), a part of Murugappa Group, is one of the largest and oldest conglomerates in India. CUMI is the leading manufacturer and developer of abrasives, ceramics, refractories, aluminium oxide grains, machine tools, polymers, adhesives and electro minerals in India.

Segmentation Overview:

By type, Aluminum Oxide segment accounted for the largest share of market in 2021.

Aluminum Oxide

Aluminum oxide is a popular abrasive for etching and finishing. Due to its aggressive nature Aluminum Oxide is a common blasting media used on metal, glass, wood and other materials. Its versatility and strength make it a favorite among professionals throughout the industry.

Silicon Carbide

Silicon carbide media is even harder than aluminum oxide. In fact, synthetic silicon carbide is the hardest abrasive blasting media in use today. Silicon carbide offers the benefit of an extremely fast cutting speed, which, when combined with its hardness, allows for much shorter blasting times. This results in a lower per-hour cost than most other abrasive media types. As with aluminum oxide blast media, silicon carbide is recyclable and can be reused many times.

Emery

Emery was considered a suitable abrasive for fitting work and the final adjustment of steel parts for a perfect fit. It had the advantage that, unlike harder abrasives, it was not considered to embed abrasive traces in the polished components afterwards. Emery was also used for cleaning, as a means of removing rust from polished steel components.

Corundum

Because of corundum's hardness (pure corundum is defined to have 9.0 on the Mohs scale), it can scratch almost every other mineral. It is commonly used as an abrasive on everything from sandpaper to large tools used in machining metals, plastics, and wood.

Boron Carbide

Boron Carbide is a high performance abrasive material with chemical and physical properties similar to diamonds, such as, chemical resistance and hardness. Boron carbide’s extra hardness gives it the nickname “Black Diamond” and is one of the leading grinding materials.

Application Overview:

By application, the Metal Working segment occupied the biggest share from 2017 to 2022.

Automotive

Abrasives are widely used in automotive industry, from dimensioning, deburring and cleaning of engine parts to repair of automobile body, interior and accessories. Abrasives are used to smooth welds, clean the interior of pipes and roughen or smooth surfaces and edges for assembly, oiling, painting or polishing.

Metal Working

Abrasives for metal working are used for surface conditioning, removing rust, grinding, smoothing down welds, burrs, and imperfections, or to provide a specific finish.

Machinery

Abrasives can be used in Machinery industry to help with dressing, polishing, etc.

Electrical & Electronics

Abrasives can be used in the Electrical & Electronics industry, helping to trim, polish and refine products.

Construction

Abrasives is also widely used in the Construction industry, which plays the roles of cutting, trimming and polishing.

Key Companies in the global Abrasives market covered in Chapter 3:

TYROLIT Group
KWH Group
Carborundum Universal Limited
Fujimi
Asahi Diamond Industrial
Robert Bosch GMBH
United Abrasives
Hermes Schleifmittel
3M Company
Noritake Co., Ltd
Cabot Microelectronics
Winoa
DEERFOS Co., Ltd
KREBS & RIEDEL
Jason Industries Inc
Gemtex
Saint-Gobain

In Chapter 4 and Chapter 14.2, on the basis of types, the Abrasives market from 2018 to 2029 is primarily split into:

Aluminum Oxide
Silicon Carbide
Emery
Corundum
Boron Carbide
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Abrasives market from 2018 to 2029 covers:

Automotive
Metal Working
Machinery
Electrical & Electronics
Construction
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)