Global Abrasive Market: Materials, Products, and Applications
Report Highlights
The global market for abrasives was valued at $55.0 billion in 2022. The market is estimated to grow from $57.8 billion in 2023 to reach $74.0 billion by 2028, at a compound annual growth rate (CAGR) of 5.1% from 2023 to 2028.
Report Includes
- 45 data tables and 53 additional tables
- Overview and an up-to-date analysis of the global abrasives market with emphasis on materials, products and applications
- Analyses of the global market trends, with historical market revenue data (sales figures) for 2022, estimates for 2023, forecasts for 2027, and projections of compound annual growth rates (CAGRs) through 2028
- Estimate of the actual market size and revenue forecast for the global abrasives market in USD millions, and a corresponding market share analysis based on type, application, end-use industry, and region
- In-depth information (facts and figures) pertaining to the market growth drivers, challenges, opportunities and prospects; the technologies and regulatory scenarios; and the impacts of COVID-19 and the Russia-Ukraine war on the market
- Discussion of the importance of ESG in the global abrasives market, including consumer attitudes, an assessment of risks and opportunities, and the ESG practices followed by manufacturers and suppliers of abrasives
- Review of new and existing U.S. patents issued for abrasive technologies
- A look at the major vendors in the global market for abrasives, and an analysis of the structure of this industry with respect to company market shares, venture fundings, and recent mergers and acquisitions (M&A) activity
- Identification of the major stakeholders and analysis of the competitive landscape based on recent developments, key financials and segmental revenues, and operational integration
- Profiles of the leading market players
Report Scope
The report contains comprehensive information regarding the abrasive industry and the users thereof. It includes details about various types of abrasives; materials used as abrasives; abrasive manufacturers’ most commonly used grains; manufacturers’ production with values; manufacturers of products using abrasive materials primarily for machine tools; users of abrasive tools and other applications; and users of loose abrasives. Estimated values are based on manufacturers’ total revenues. Projected and forecast revenue values are in constant U.S. dollars, unadjusted for inflation.
The abrasive market is segmented into the follow categories:
- Type (abrasive grains and abrasive products).
- Application (buffing, honing, drilling, grinding, polishing, cutting, and sharpening).
- End use (metal manufacturing, automotive, electronics, medical, energy, building and construction, and wood and composites).
- Region: North America, Europe, Asia-Pacific (APAC), and the Rest of the World (RoW).
Frequently Asked Questions (FAQs)
- Growth of end-use industries such as Automobile, construction and metal fabricators.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Synopsis
| Report Metrics | Details |
| Base year considered | 2022 |
| Forecast period considered | 2023-2028 |
| Base year market size | $55.0 billion |
| Market size forecast | $74.0 billion |
| Growth rate | CAGR of 5.1% from 2023 to 2028 |
| Units considered | $ Millions and Metric Tons |
| Segments covered | By Type, Application, End-Use, and Region |
| Regions covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers |
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| Companies studied |
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Report Highlights
The global market for abrasives reached $38.2 billion in 2016. The market should reach $39.8 billion in 2017 and $51.9 billion by 2022, growing at a compound annual growth rate (CAGR) of 5.5% during 2017-2022.
Report Includes
- 72 data tables and 41 additional tables.
- An overview of the global market for abrasive products, which are materials used to cut, smooth, roughen, polish, or clean surfaces, or simply used to remove material to alter surface shapes or dimensions.
- Coverage of both abrasives and fine polishing markets.
- Analyses of global market trends, with data from 2016, estimates for 2017, and projections of compound annual growth rates (CAGRs) through 2022.
- Abrasives and abrasive products industries, global market trends in each, mergers and acquisitions, and its impact in the marketplace.
- Alumina and silicon carbide markets, production capacities, trends, and geographic details.
- Comprehensive profiles of major players in the industry, including: 3M, Abra Beta, Abrasive Technology Inc., Allied High Tech Products Inc., Alpex Wheel Company, Alteo, AluChem Inc., Anchor Abrasives, Buehler Ltd.
Report Highlights
The global market for abrasive products and materials reached $36.6 billion in 2014. This market is expected to reach about $37.8 billion by 2015 and $44.2 billion by 2020, registering a compound annual growth rate (CAGR) of 3.2% from 2015 to 2020.
Report Includes
- An overview of the global market for abrasive products, which are materials used to cut, smooth, roughen, polish, or clean surfaces, or simply used to remove material to alter surface shapes or dimensions.
- Coverage of both abrasives and fine polishing markets.
- Analyses of global market trends, with data from 2014, estimates for 2015 and projections of CAGRs through 2020.
- Abrasives and abrasive products industries, global market trends in each, merger and acquisitions and its impact in the market place.
- Alumina and Silicon carbide marketplace, production capacities, trends, and geographical details.
- Comprehensive profiles of major players in the industry.
Report Highlights
The global abrasives market, sized at $33.4 billion in 2011, is expected to reach $43.8 billion by 2017 at a six-year compound annual growth rate (CAGR) of 4.6%.
Report Includes
- An overview of the global market for abrasive products, which are materials used to cut, smooth, roughen, polish, or clean surfaces, or simply used to remove material to alter surface shapes or dimensions.
- Coverage of both abrasives and fine polishing markets.
- Analyses of global market trends, with data from 2011, and projections of compound annual growth rates (CAGRs) through 2017.
- Abrasives and abrasive products industries, global market trends in each, merger and acquisitions and its impact in the market place.
- Alumina and Silicon carbide marketplace, production capacities, trends, and geographical details.
Report Highlights
REPORT HIGHLIGHTS
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The abrasive industry has two defined sectors in the market. These are manufactured abrasive grains, which consist of natural and synthetic grains and highly expensive super-abrasives (also synthetic); and the users of abrasive grains such as in machine tools and as loose powders
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There are limited numbers of abrasive grain manufacturing companies. But, there are large numbers of machine tool manufacturers. Some of the abrasive manufacturers make the traditional grains, such as fused alumina and silicon carbide; others manufacture super-abrasives such as synthetic diamond, cubic boron nitride (CBN) and boron carbide.
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The market for abrasive grains has been steady, with declining trends in the U.S. and Canada. The major supplier (particularly of the regular and lower grade grains) has been China.