Abrasives Market to Surge Beyond $ 61 Bn By 2026

Abrasives Market (By Material: Ceramic, Synthetic, Natural, Others; By Product Type: Coated, Bonded, Superabrasives; By End Use: Metal Fabrication, Automotive, E&E Equipment, Machinery, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The Global Abrasives Market Size is Projected to Reach US$ 61 Billion by 2026 and is expected to witness 5.6% CAGR during the forecast period 2019 to 2026.

Increased automotive manufacturing and demand for superabrasives is expected to boost development in high-performance apps. The world demand for abrasives will be boosted quickly by increasing end-user sectors. These products are used to clean, smooth and polish product surfaces in the transport, electronics, manufacturing and other end use industries.

In 2018, Europe represented over 19% of sales as the second biggest market share. The increasing demand for bonded and coated abrasives appropriate for precision grinding is ascribed to regional development. The growth prospects for the synthetic abrasive segment are anticipated to be ongoing in Russia, Poland, and western European countries.

During this forecast era, the segment of electronic and electrical machinery is expected to grow by around 8% in sales at CAGR. Technological advances, combined with increasing electronic and electricity demand, are anticipated to have a beneficial impact on the world economy as well as on increasing population and consumption expenditure. The IBEF, for example is anticipated to achieve USD 100 billion by 2022 from USD 21 trillion in 2017, owing to development in the country’s power industry, according to the Indian electrical equipment market.

The growing sector of furniture and interior and the growing sector of metalworking. The demand for home office furniture, which in turn raised demand for pcs, table-tops, office chairs and filing cabinets, has recently risen by increasing numbers of telecommuters. The demand growth is directly linked to the multiple applications and is projected in the evaluation period to stimulate abrasive market growth. Increasing consumer base and increasing demand for long-term consumer goods provided the emerging economies with an increased scope for the electronics industry. Furtnermore is projected to boost demand for abrasive substances in developing nations around the world, with an increased middle class population and a continuing development in the electronics industry during the 2019-26 review period. However, fluctuating raw material prices have a negative effect on the producer’s profit margin, which will in turn hinder market growth.

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Key Findings

The Segment of Natural Abrasives will record a revenue CAGR of 5.4% due to demand from North American and European countries.

Metal manufacturing is anticipated to decrease the manufacturing costs by the highest CAGR of 5.1 percent during the predicted era.

As a result of the rising demand for high-precision grinding in the Asian Pacific and North American car industries, the Bonded segment maintained a market share of more than 50 percent in 2018.

Due to growing infrastructure operations and development in the production section of developed nations in the area, Asia Pacific is anticipated to register over 7 percent of the largest CAGR market over the coming seven years.

A two-phase angle grinding system was created by Bosch in March 2018. It comprises of a SCM disk used for good surface finish.

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Key Players & Strategies

Market competition is strong since most products are priced likewise, even if the features of each company may differ slightly. The leading manufacturers include the Saint-Gobain, 3 M Company, NIPPON RESIBON CORPORATION, Robert Bosch GmbH, DRONCO and KWH Mirka. One of the biggest strategic initiatives taken by players is new product development. For example, the new WPF Next Gen abrasive paper, suitable for both dry and wet hand sanding, was launched in November 2019 by Mr Mirka.

Manufacturers undertake a number of strategic initiatives to boost their market share, worldwide footprints and market client base. Sak Abrasives Inc., for instance, purchased Buffalo Abrasives Inc. in February 2019.

TABLE OF CONTENT

CHAPTER 1. INDUSTRY OVERVIEW

1.1. Definition and Scope
1.1.1. Definition of Abrasives
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Abrasives Market By Material
1.2.2.1. Global Abrasives Market Revenue and Growth Rate Comparison By Material (2015-2026)
1.2.2.2. Global Abrasives Market Revenue Share By Material in 2017
1.2.2.3. Ceramic
1.2.2.4. Synthetic
1.2.2.5. Natural
1.2.2.6. Others
1.2.3. Abrasives Market By Product Type
1.2.3.1. Global Abrasives Market Revenue and Growth Rate Comparison By Product Type (2015-2026)
1.2.3.2. Coated
1.2.3.3. Bonded
1.2.3.4. Superabrasives
1.2.4. Abrasives Market By End Use
1.2.4.1. Global Abrasives Market Revenue and Growth Rate Comparison By End Use (2015-2026)
1.2.4.2. Metal Fabrication
1.2.4.3. Automotive
1.2.4.4. E&E Equipment
1.2.4.5. Machinery
1.2.4.6. Others
1.2.5. Abrasives Market by Geography
1.2.5.1. Global Abrasives Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.5.2. North America Abrasives Market Revenue and Growth Rate (2015-2026)
1.2.5.3. Europe Abrasives Market Revenue and Growth Rate (2015-2026)
1.2.5.4. Asia-Pacific Abrasives Market Revenue and Growth Rate (2015-2026)
1.2.5.5. Latin America Abrasives Market Revenue and Growth Rate (2015-2026)
1.2.5.6. Middle East and Africa (MEA) Abrasives Market Revenue and Growth Rate (2015-2026)

CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS

2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2017
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players

CHAPTER 3. MANUFACTURING PLANTS ANALYSIS

3.1. Capacity and Commercial Production Date of Global Abrasives Major Manufacturers in 2017
3.2. Manufacturing Plants Distribution of Global Abrasives Major Manufacturers in 2017
3.3. R&D Status and Technology Material of Global Abrasives Major Manufacturers in 2017
3.4. Raw Materials Sources Analysis of Global Abrasives Major Manufacturers in 2017

CHAPTER 4. ABRASIVES MARKET BY MATERIAL

4.1. Global Abrasives Revenue By Material
4.2. Ceramic
4.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
4.3. Synthetic
4.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
4.4. Natural
4.4.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
4.5. Others
4.5.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)

CHAPTER 5. ABRASIVES MARKET BY PRODUCT TYPE

5.1. Global Abrasives Revenue By Product Type
5.2. Coated
5.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.3. Bonded
5.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.4. Superabrasives
5.4.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)

CHAPTER 6. ABRASIVES MARKET BY END USE

6.1. Global Abrasives Revenue By End Use
6.2. Metal Fabrication
6.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
6.3. Automotive
6.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
6.4. E&E Equipment
6.4.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
6.5. Machinery
6.5.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.5.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
6.6. Others
6.6.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.6.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)

CHAPTER 7. NORTH AMERICA ABRASIVES MARKET BY COUNTRY

7.1. North America Abrasives Market Revenue and Growth Rate, 2015 – 2026 ($Million)
7.2. North America Abrasives Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. U.S.
7.3.1. U.S. Abrasives Market Revenue and Forecast By Material, 2015 – 2026 ($Million)
7.3.2. Market Revenue and Forecast By Product Type, 2015 – 2026 ($Million)
7.3.3. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Material, 2015 – 2026 ($Million)
7.4.2. Market Revenue and Forecast By Product Type, 2015 – 2026 ($Million)
7.4.3. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
7.5. Mexico
7.5.1. Market Revenue and Forecast By Material, 2015 – 2026 ($Million)
7.5.2. Market Revenue and Forecast By Product Type, 2015 – 2026 ($Million)
7.5.3. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)

CHAPTER 8. EUROPE ABRASIVES MARKET BY COUNTRY

8.1. Europe Abrasives Market Revenue and Growth Rate, 2015 – 2026 ($Million)
8.2. Europe Abrasives Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Material, 2015 – 2026 ($Million)
8.3.2. Market Revenue and Forecast By Product Type, 2015 – 2026 ($Million)
8.3.3. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Material, 2015 – 2026 ($Million)
8.4.2. Market Revenue and Forecast By Product Type, 2015 – 2026 ($Million)
8.4.3. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Material, 2015 – 2026 ($Million)
8.5.2. Market Revenue and Forecast By Product Type, 2015 – 2026 ($Million)
8.5.3. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Material, 2015 – 2026 ($Million)
8.6.2. Market Revenue and Forecast By Product Type, 2015 – 2026 ($Million)
8.6.3. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Material, 2015 – 2026 ($Million)
8.7.2. Market Revenue and Forecast By Product Type, 2015 – 2026 ($Million)
8.7.3. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)

CHAPTER 9. ASIA-PACIFIC ABRASIVES MARKET BY COUNTRY

9.1. Asia-Pacific Abrasives Market Revenue and Growth Rate, 2015 – 2026 ($Million)
9.2. Asia-Pacific Abrasives Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Material, 2015 – 2026 ($Million)
9.3.2. Market Revenue and Forecast By Product Type, 2015 – 2026 ($Million)
9.3.3. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Material, 2015 – 2026 ($Million)
9.4.2. Market Revenue and Forecast By Product Type, 2015 – 2026 ($Million)
9.4.3. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Material, 2015 – 2026 ($Million)
9.5.2. Market Revenue and Forecast By Product Type, 2015 – 2026 ($Million)
9.5.3. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Material, 2015 – 2026 ($Million)
9.6.2. Market Revenue and Forecast By Product Type, 2015 – 2026 ($Million)
9.6.3. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Material, 2015 – 2026 ($Million)
9.7.2. Market Revenue and Forecast By Product Type, 2015 – 2026 ($Million)
9.7.3. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Material, 2015 – 2026 ($Million)
9.8.2. Market Revenue and Forecast By Product Type, 2015 – 2026 ($Million)
9.8.3. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)

CHAPTER 10. LATIN AMERICA ABRASIVES MARKET BY COUNTRY

10.1. Latin America Abrasives Market Revenue and Growth Rate, 2015 – 2026 ($Million)
10.2. Latin America Abrasives Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Material, 2015 – 2026 ($Million)
10.3.2. Market Revenue and Forecast By Product Type, 2015 – 2026 ($Million)
10.3.3. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
10.4. Argentina
10.4.1. Market Revenue and Forecast By Material, 2015 – 2026 ($Million)
10.4.2. Market Revenue and Forecast By Product Type, 2015 – 2026 ($Million)
10.4.3. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Material, 2015 – 2026 ($Million)
10.5.2. Market Revenue and Forecast By Product Type, 2015 – 2026 ($Million)
10.5.3. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)

CHAPTER 11. MIDDLE EAST ABRASIVES MARKET BY COUNTRY

11.1. Middle East Abrasives Market Revenue and Growth Rate, 2015 – 2026 ($Million)
11.2. Middle East Abrasives Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. Saudi Arabia
11.3.1. Market Revenue and Forecast By Material, 2015 – 2026 ($Million)
11.3.2. Market Revenue and Forecast By Product Type, 2015 – 2026 ($Million)
11.3.3. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
11.4. UAE
11.4.1. Market Revenue and Forecast By Material, 2015 – 2026 ($Million)
11.4.2. Market Revenue and Forecast By Product Type, 2015 – 2026 ($Million)
11.4.3. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
11.5. Rest of Middle East
11.5.1. Market Revenue and Forecast By Material, 2015 – 2026 ($Million)
11.5.2. Market Revenue and Forecast By Product Type, 2015 – 2026 ($Million)
11.5.3. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)

CHAPTER 12. AFRICA ABRASIVES MARKET BY COUNTRY

12.1. Africa Abrasives Market Revenue and Growth Rate, 2015 – 2026 ($Million)
12.2. Africa Abrasives Market Revenue Share Comparison, 2015 & 2026 (%)
12.3. South Africa
12.3.1. Market Revenue and Forecast By Material, 2015 – 2026 ($Million)
12.3.2. Market Revenue and Forecast By Product Type, 2015 – 2026 ($Million)
12.3.3. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
12.4. Egypt
12.4.1. Market Revenue and Forecast By Material, 2015 – 2026 ($Million)
12.4.2. Market Revenue and Forecast By Product Type, 2015 – 2026 ($Million)
12.4.3. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
12.5. Rest of Africa
12.5.1. Market Revenue and Forecast By Material, 2015 – 2026 ($Million)
12.5.2. Market Revenue and Forecast By Product Type, 2015 – 2026 ($Million)
12.5.3. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)

CHAPTER 13. COMPANY PROFILE

13.1. Saint-Gobain
13.1.1. Company Snapshot
13.1.2. Overview
13.1.3. Financial Overview
13.1.4. Type Portfolio
13.1.5. Key Developments
13.1.6. Strategies
13.2. 3M Company
13.2.1. Company Snapshot
13.2.2. Overview
13.2.3. Financial Overview
13.2.4. Type Portfolio
13.2.5. Key Developments
13.2.6. Strategies
13.3. NIPPON RESIBON CORPORATION
13.3.1. Company Snapshot
13.3.2. Overview
13.3.3. Financial Overview
13.3.4. Type Portfolio
13.3.5. Key Developments
13.3.6. Strategies
13.4. Robert Bosch GmbH
13.4.1. Company Snapshot
13.4.2. Overview
13.4.3. Financial Overview
13.4.4. Type Portfolio
13.4.5. Key Developments
13.4.6. Strategies
13.5. DRONCO
13.5.1. Company Snapshot
13.5.2. Overview
13.5.3. Financial Overview
13.5.4. Type Portfolio
13.5.5. Key Developments
13.5.6. Strategies
13.6. KWH Mirka
13.6.1. Company Snapshot
13.6.2. Overview
13.6.3. Financial Overview
13.6.4. Type Portfolio
13.6.5. Key Developments
13.6.6. Strategies
13.7. Others
13.7.1. Company Snapshot
13.7.2. Overview
13.7.3. Financial Overview
13.7.4. Type Portfolio
13.7.5. Key Developments
13.7.6. Strategies

CHAPTER 14. RESEARCH APPROACH

14.1. Research Methodology
14.1.1. Initial Data Search
14.1.2. Secondary Research
14.1.3. Primary Research
14.2. Assumptions and Scope

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