Abrasives Market Volume Analysis, Segments, Value Share and Key Trends 2020-2027
Abrasives Market Insights:
The GMI Research report provides an overall outlook of the industry through a detailed market segmentation. The report offers thorough information related to the overview and scope of the market, including the market drivers, restraints, and emerging trends in the industry. This report is especially designed to include both qualitative and quantitative aspects of the industry in each region and country participating in the study.
Competitive Rivalry of the Abrasives Market:
The leading players in the abrasives market include 3M Company, Dupont De Nemours, Inc., Robert Bosch GmbH, Saint-Gobain, Jason Industries, Inc., Asahi Diamond Industrial Co., Ltd., Fujimi Incorporated, Henkel AG & Co. KGaA, Nippon Resibon Corporation, Noritake Co., Limited, Tyrolit Schleifmittelwerke Swarovski KG, Sankyo-Rikagaku Co., Ltd., Mirka Ltd., BORIDE Engineered Abrasives, and Flexovit USA, Inc., among others.
Drivers of the Abrasives Market:
The growth of the abrasives market is mainly due to the several beneficial properties of abrasive products such as hardness, durability, brittleness, and flexibility. The rising automotive industry has been surging the demand for abrasives around the world. The abrasive products are used in all vehicle manufacturing stages, such as deburring, engine parts sizing, cleaning auto body, accessories repairs, and interior. Use of abrasives for cleaning the insides of pipes, smooth welding, roughening or smoothening surfaces, and edges for oiling, fitting, painting, and polishing are further boosting the high demand for abrasives in the vehicle manufacturing sector. Organization for the Safety of Abrasives, Abrasives Manufacturersâ Association (UAMA), Coated Abrasives Fabricators Association (CAFA), Unified and International Committee for Abrasive Technology are some of the organizations that grow standards to support the production, design, and quality of abrasives. This factor is further projected to surge the growth and development of the global abrasives market.
Increasing industrialization and urbanization has led to an upsurge in demand for electric, machinery, and electronic products. This will propel the growth of the abrasives market due to the large range of applications in machinery and metal fabrication industries. Availability of various shapes and sizes of abrasive products, including abrasive sandpapers, pencils, sponges, steel wool, rubbing compound, emery cloths, and finishing pads, is one major driver accelerating the growth of the market. Abrasives are used to manufacture printed circuit boards, which are used in the electronic device, including laptops, computers, routers, and others. The growing trend of digitization and artificial intelligence is another factor that is fuelling the demand for abrasive products.
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Market Segmentation:
The main objective of the study is to define market sizes of the different market segments & countries during the forecast period and analyze the values in the next six years. The detailed segments and sub-segments of the market are explained below:
Breakup by Raw Material:
- Natural
- Synthetic
Breakup by Type:
- Coated Abrasives
- Bonded Abrasives
- Super Abrasives
Breakup by Type:
- Type A
- Type B
Breakup by End-User Industry:
- Aerospace
- Automotive
- Machinery
- Metal Fabrication
- Electrical & Electronics Equipment
- Others
Breakup by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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