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The abrasives market has shown stunning patterns recently, reflecting the business's strong idea. Different end-use industries are increasingly interested in cutting-edge rough materials. As assembly processes become more sophisticated, accurate and effective abrasives are needed. The demand for superabrasives such fabricated precious stone and cubic boron nitride, which are extremely hard and solid, has increased. These materials are used in auto, aircraft, and gadget industries that value accurate machining and innovation.
Another important abrasives industry trend is the emphasis on manageability. Manufacturers are focusing on eco-friendly rough products as environmental concerns grow. This includes using repurposed materials, reducing energy use, and using natural assembly procedures. Customers are becoming more aware of the biological impact of their choices, prompting the company to develop sustainable abrasives.
Globalization has also shaped abrasives industry trends. With global exchange and stockpile networks, global demand for excellent abrasives has soared. Rapid manufacturing in emerging economies has increased assembly and abrasive use. This globalization tendency has forced market participants to increase their product contributions and presence in major geological markets.
Additionally, mechanical advances are propelling abrasives market growth. Smart technologies like IoT and AI are redefining how rugged gadgets are used and monitored. Smart abrasives with sensors and availability features provide performance monitoring, vision maintenance, and skill improvement. This improves assembly efficiency and reduces margin time and end-user costs.
Abrasives market trends have been driven by the auto industry. Abrasives that can meet the needs of electric vehicles (EVs) and lightweight materials are in demand as the auto industry shifts toward them. Developing lightweight pieces and accurately assembling basic electric car parts requires abrasives. As the auto industry grows, the abrasives market should grow due to the need for cutting-edge materials and technology.
Abrasives Market Highlights:
Global Abrasives Market Overview
Abrasives Market Size was valued at USD 51.70 billion in 2021. The Abrasives industry is projected to grow from USD 54.8 Billion in 2022 to USD 87.80 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.06% during the forecast period (2024 - 2030). Increasing demand from the automotive industry and Increasing demand from the metalworking industry are driving the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Abrasives Market Trends
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Increasing demand from the automotive industry
The abrasives are used for engine part size, vehicle body repair, and interior and external cleaning. These products are also used to clean the insides of pipes, smooth welds, smooth edges, and surfaces that will be oiled, fitted, polished, or painted. Coated and non-woven materials are used to refinish car bodywork, whilst grinding wheels are employed on cars. This significant demand from diverse applications in the automotive sector directly supports the industry's growth.
Non-engine components and accessories like as brakes, steering wheels, wheels, and axles are all made with abrasive materials. To gather tools, brakes have a specific abrasive with a non-directional scratch pattern. It is used to decrease discolouration and remove brake squeal on heat-sensitive metals. Sandpapers with abrasive grains are used to prepare and clean the inside and exterior of vehicles. Furthermore, escalating raw material price variations and economic conditions are projected to have a substantial influence on this industry.
In 2021, the number of automobiles manufactured in the United States surpassed 9.1 million, with each vehicle comprising hundreds of machined components, resulting in thousands of surfaces that needed to be finished with abrasive grinding. High throughput rates, resulting in greater grinding speeds, are required to maintain huge production volumes. These high speeds increase wear on grinding tools and greater operating temperatures, reducing abrasive life. As a result, frequent tooling modifications may be required, resulting in greater production costs. To enhance wear and longevity, one of the current trends in the automobile industry is to use stronger steel with better surface finishes. Grinding becomes more difficult on these tougher surfaces, which necessitates specific abrasives in some situations Thus, the increasing demand from the automotive industry is likely to drive the growth of the Abrasives market revenue.
In February 2024, Krebs & Riedel from Germany and GYSL introduced PROTEUS ABRASIVES as a partnership, which is a remarkable fusion of the finest precision engineering and grinding technology. The joint endeavor seeks to bring together German perfectionism with effective Asian production techniques in order to set new benchmarks.
Figure 1: Country-wise Top 10 Automotive Producers, 2021
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Abrasives Market Segment Insights
Abrasives Material Source Insights
The Abrasives market segmentation, based on source, includes natural, and synthetic. The synthetic segment held the majority share in 2021 contributing to around ~50%-52% with respect to the Abrasives market revenue. Synthetic abrasives, on the other hand, are the result of extensive processing of raw materials or chemical precursors, such as silicon carbide, synthetic diamond, and alumina. Because virtually all industrial uses require constant qualities, most natural abrasives have been replaced by synthetic compounds. With the exception of natural diamonds, the qualities of most of nature's abrasives are too varied. These synthetic abrasives are best suited for various applications such as grinding, and machining is preferred in automotive manufacturing as well as metal working applications.
September 2020: RPM International Inc. took over the activities of Ali Industries, LLC, a sandpaper maker. Ali Industries will be able to deliver an advanced product segment with an improved surface by adding abrasives to its portfolio of repair and cleaning goods as a result of this acquisition.
In March 2024, Norton Saint-Gobain Abrasives introduced Razor Star coated abrasives’ new three-pointed curved grain approach. The innovative technology has delivered impressive advantages such as cooler cuts and longer life when it comes to tough grinding applications, changing the grinding productivity of abrasive substances completely.
Abrasives Material Type Insights
The Abrasives market segmentation, based on type, includes Bonded, Coated, Super, and Others. The bonded segment held the majority share in 2021 contributing to around ~40%-42% with respect to the Abrasives market revenue. In the automotive industry, resin-bonded abrasives are widely utilized to machine a variety of driveline, suspension, body, and chassis components. For example, driveline components including engine block cylinders, cylinder heads, valves, crankshafts, camshafts, bearings, and gears require extremely precise, smooth, and polished surfaces to reduce friction and wear, maintain adequate sealing, and enable smooth, noise-free operation. Also, bonded abrasives are widely used in the building & construction industry for grinding, cutting, and polishing. Many materials of construction have to be shaped by mechanical methods, and operations such as grinding, cleaning, and polishing are likely to be used where such materials are hard or tough, or where smooth surfaces are required.
Abrasives Application Insights
The Abrasives market segmentation, based on Application, includes Automotive, Metalworking, Machinery, Electrical & Electronics, Construction, and Others. The Automotive segment dominated the market in 2021 and the Metalworking segment is projected to be the faster-growing segment during the forecast period, 2022-2030. This is due to Leading businesses are seeing rapid expansion. Metal fabrication-dependent industries such as aerospace, defense, and agriculture are all developing steadily. All of these elements point to a bright future for the sector. Furthermore, growing wages in Asia, as well as production reshoring to North America, are expected to fuel the growth of the metal fabrication business in the United States. Fabricators of steel and aluminum saw stronger growth due to increased demand for fabricated parts in the commercial construction, automotive, and aerospace industries. The market is expected to grow due to increased commercial, residential, and institutional activity. Hence, rising applications of Abrasives in Automotive and metalworking will positively impact market growth.
February 2022: Carborundum Universal Ltd has announced the acquisition of a 100% share in RHODIUS Abrasives. This purchase will broaden the company's geographical footprint and provide market-strengthening prospects in the worldwide market. This will further broaden the growth opportunity for the Abrasives industry.
Figure 2: Abrasives Market, by Application, 2021 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Abrasives Regional Insights
By Region, the study segments the market into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Asia-Pacific Abrasives market accounted for USD 29.2 billion in 2021 and is expected to exhibit an 6.25% CAGR during the study period. This is attributed to the robust growth of the automotive, metalworking and other industries in majoe economies in the region is fueling the demand for Abrasives.
Further, the major countries studied are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: ABRASIVES MARKET SHARE BY REGION 2021 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
North America Abrasives market accounts for the second-largest market share. Overall, the US is the world’s second-largest market for vehicle sales and production. Due to well-integrated North American supply chains, the vehicles produced in most of the countries comprise more than 40% of raw materials sourced from the US and Canada. The US exports of automotive parts and components have more than tripled between 2005 and 2020. Thus, the escalating growth of the automotive industry in the region is expected to drive the growth of the North America resin bonded abrasives market during the forecast period. Further, the USA Abrasives market held the largest market share and was the fastest-growing market in the region
The Europe Abrasives Market has a market share of 15%-16% in the abrasives market. This is due to growth in the automotive and metalworking industry. Moreover, Germany Abrasives market held the largest market share, and was the fastest growing market in the European region.
Abrasives Key Market Players & Competitive Insights
The Abrasives market is characterized by the presence of global, regional, and local players. The market is highly consolidated, with all the players competing to gain significant market share. The key market players of Abrasives compete based on cost, product quality, availability of raw materials, and durability of the product. They are engaged in expanding their production capacity and investing in R&D activities to gain an edge over competitors. Furthermore, the growing popularity of Abrasives in smart electronics and electric vehicles is expected to offer lucrative opportunities to manufacturers in the coming years. However, scarcity of raw materials is expected to hinder the growth of the market studied significantly.
Additionally, the adoption of various strategies by the Abrasives industry such as expansion, R&D, agreements, acquisitions, collaborations, and investments is expected to help these players to gain maximum revenue and long-term growth during the review period. The key participants in the Abrasives market are Asahi Diamond Industrial Co. Ltd, Saint Gobain Abrasives, 3M, Jason Incorporated, Norton Abrasives, Krebs And Riedel, Deerfos Co. Ltd, DowDuPont Inc., Sia Abrasives Industries AG, Carborundum Universal Ltd, Noritake Co. Ltd, Schaffner Manufacturing Company Inc., TYROLIT Group, Fujimi Incorporated.
3M is a diversified technology company with a presence. It operates through four business segments: safety and industrial, transportation and electronics, healthcare, and consumer. The company produces over 60,000 products under different brands, including abrasives, adhesives, laminates, personal protective equipment, window films, passive fire protection, paint protection films, and many more. The company operates through 64 manufacturing facilities in 29 states in the US. Internationally, the company has 97 manufacturing and converting facilities across 35 countries.
Also, Norton Abrasives is the world’s leading supplier of abrasives and high-performance materials. In 1990, Saint-Gobain acquired Norton Company but retained the Norton brand name for many of its products supplies across the globe. Saint-Gobain Abrasives, the world’s leading abrasives manufacturer, is the only international supplier of abrasives that manufactures each of the three major types of abrasives: Bonded Abrasives, Coated Abrasives, and Diamond and CBN products. It offers a wide range of products to diverse industries aerospace, automotive, consumer, electronics, energy, food & beverage, industrial, and life sciences. The company has around 63 manufacturing facilities in around 15 countries ly. The company has a presence in more than 67 countries with solutions that serve every major market worldwide.
List of the Key Companies in the Abrasives market includes
- Asahi Diamond Industrial Co. Ltd
- Saint Gobain Abrasives
- 3M
- Jason Incorporated
- Norton Abrasives
- Krebs And Riedel
- Deerfos Co. Ltd
- DowDuPont Inc.
- Sia Abrasives Industries AG
- Carborundum Universal Ltd
- Noritake Co. Ltd
- Schaffner Manufacturing Company Inc.
- TYROLIT Group
- Fujimi Incorporated.
Abrasives Industry Developments
In October 2023, Tyrolit Group announced that it had acquired Acme Holding Company. The company is a US-based manufacturer of abrasives that is located in Michigan. This move is aimed at fusing its business portfolio of grinding with specialty abrasive solutions. It will be the seventh plant in this product category in Michigan and will play an important role in important sectors like foundries, steel, and rail.
In October 2023, Saint-Gobain signed an agreement to collaborate with Dedeco Abrasive Products Corporation to market Dedeco’s sunburst abrasive line. This partnership aligns with the company’s comprehensive goal of delivering abrasive solutions.
In May 2023, Jowitt & Rodgers Co., based in Philadelphia, Pennsylvania, United States, was purchased by Sak Abrasives Limited. Jowitt & Rodgers Co.’s resin-bonded grinding wheels, discs, and segments were added as part of this acquisition, expanding the company’s product portfolio.
In August 2022, Tyrolit bought over a 75% stake in Egeli Egesan Group. It shows how much effort the firm is putting into increasing its market presence in Middle Eastern regions by producing abrasive products. In acquiring a controlling interest in Egeli Egesan Group, Tyrolit intends to utilize its capabilities and skills to augment its share of the market, resulting in sustainable growth.
In August 2023, material solutions company 3M launched India's first-ever robotic lab for abrasives in Bengaluru. “India is a growing market, hence the investment,” said Terry Ceuleman, Global Application Engineering Director, Robotics Automation, 3M. Worldwide, it is their seventeenth lab like that one.
Abrasives Market Segmentation
Abrasives Source Outlook
- Natural
- Synthetic
Abrasives Type Outlook
- Bonded
- Coated
- Super
- Others
Abrasives Application Outlook
- Automotive
- Metalworking
- Machinery
- Electrical & Electronics
- Construction
- Others
Abrasives Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest Of Middle East & Africa
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