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

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

Glass abrasives are glass materials used for surface preparation and cleaning, and this recycled broken glass usually provides this abrasive action by sandblasting, but other methods can also be used. Both glass beads and cullet are effective abrasives that can produce the desired finish on the part. Glass beads are typically used in blast cabinet or recyclable type blasting operations. They impart a consistently bright matte finish on aluminum and steel substrates. Broken glass media, with different sizes and sharp edges, can be used to remove thick coatings such as epoxy. Glass bead abrasives come in many different sizes.

Market Overview:

The latest research study on the global Glass Abrasives market finds that the global Glass Abrasives market reached a value of USD 237.54 million in 2022. It’s expected that the market will achieve USD 290.64 million by 2028, exhibiting a CAGR of 3.42% during the forecast period.

Glass Abrasives Drivers

Growth in the electric vehicle (EV) industry is expected to be one of the key drivers of the market. Automakers and consumers are ushering in a green recovery as mainstream and niche automakers announce their next moves in a world that is rapidly adopting energy alternatives as the new norm. Electric vehicle sales have bucked the trend despite the global pandemic shrinking the traditional car market. All of the net growth in global car sales in 2021 will come from electric vehicles.

In 2021, China leads the growth of the global electric vehicle market, with sales nearly tripling to 3.4 million units. In other words, EV sales in China in 2021 alone will exceed global sales in 2020. The annual growth was the fastest for China's electric vehicle market since 2015, significantly outpacing the gradual recovery of China's overall vehicle market. In addition, in Europe, EV sales will increase by nearly 70% in 2021 to 2.3 million units. While the annual pace of growth was slower than in 2020, when sales more than doubled, it happened against a backdrop of a European auto market that had yet to recover from the pandemic. Monthly sales in 2021 were the highest in the last quarter of last year, peaking in December when electric vehicle sales in Europe overtook diesels for the first time with a 21 percent market share.

China and Europe lead global EV sales, and established automakers are embracing EVs, which could have a strong impact on the market. The outlook for electric vehicles is bright as manufacturers strengthen their electrification strategies to compete for market share, which in turn is expected to drive abrasive demand in the coming years.

Glass Abrasives Market Restraints

Market growth is expected to be restrained due to fluctuations in raw material prices. Mass production of abrasives requires a lot of raw materials. Glass abrasives are basically produced from recycled glass. The quality and price of recycled glass will affect the production cost and pricing of abrasives. Demand and quality will be the two main factors affecting the price of glass abrasive raw materials. In the movement to a single flow, the glass quality is greatly affected by the mixed recovery flow. With many single-stream collection systems, a haul truck compacts the mix, lays it on a concrete floor, and rolls it over with forklifts and loaders. To remove glass from the stream as early as possible, use a disc sieve to break it up and screen it out of the vessel line. Because of this process, glass mixes with organics, ceramics, shredded paper, and other small objects (less than 50mm). Glass will be about 20-30% contaminated. Glass container market share has been grabbed by aluminum cans, PET and other plastic materials, and the glass container industry has consolidated and reduced capacity, which has also affected the sources of recycled glass. These factors will cause price fluctuations of raw materials for glass abrasives. Temporary increases in raw material prices will reduce demand and may offset part of the future growth of this market.

Region Overview:

China had the highest growth rate of all regions.

Company Overview:

The top three companies are Strategic Materials, Luanxian Sanlian Glass Beads Co., Ltd., SICHENG ABRASIVES with the revenue market share of 9.08%, 7.68%, 6.11% in 2021.

Strategic Materials is the largest and most comprehensive glass recycler in North America. The company specializes in recycling, environmental services, waste management, innovative processing, sorting and color separation, glass recycling, plastic recycling, decorative glass, air jet abrasives, landscape glass, glass aggregates, terrazzo, glass fillers and specialty glass.

Luanxian Sanlian Glass Beads Co., Ltd. is a limited company mainly engaged in traffic safety equipment, abrasives, glass crafts, protective clothing, other traffic safety equipment and other abrasives. It is one of the largest glass bead manufacturers in China, specializing in the production and sales of glass beads and glass sand products of various specifications and uses, with an annual production capacity of more than 20,000 tons. Products are widely used in industrial shot peening, road reflective marking, handicraft manufacturing, grinding, filling and strengthening of plastic like rubber materials, etc., with a wide range of applications.

Segmentation Overview:

By type, Medium Sizes segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Steel Industry segment occupied the biggest share from 2017 to 2022.

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

Pellets, LLC
Luanxian Sanlian Glass Beads Co., Ltd.
Yongqing Huayang Glass Products Co., Ltd.
Luoyang Zhongsen Refractory Co., Limited
Suzhou Jinxing Abrasives Co., Ltd.
Zhengzhou Haixu Abrasives Co., Ltd.
SICHENG ABRASIVES
Strategic Materials

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

Extra Coarse Sizes
Medium Sizes
Fine Sizes

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

Steel Industry
Construction Industry
Automotive Industry
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)