The  Bonded Abrasive Market Size was valued at USD 11.012 Billion in 2022. The Bonded Abrasive industry is projected to grow from USD 11.45 Billion in 2023 to USD 20 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.1% during the forecast period (2023 - 2030). Bonded abrasives are abrasives grains and fillers bonded together through bonding materials such as vitreous, resin, rubber, shellac, epoxy, magnesite, and others. Numerous improvements in tools and machinery processes have been made with the help of new abrasive grains and bond advancements to increase the performance of bonded abrasive products. The prime role is played by the bonding agent that holds the structural abrasives in a specific array giving uniqueness to every bonded adhesive. The bond offers high strength and thermal resistance for grinding and cutting, or it can be weak and thermal sensitive for polishing. Each product is made to serve a specific purpose, such as giving a precise finish, cutting, rough grinding, stock removal, and others.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The product is used for repairing engine parts sizing, auto body, and interior & exterior cleaning. These products are also used to clean the insides of pipes, smooth welds, smooth edges, and surfaces for oiling, fitting, polishing, or painting. Coated and non-woven products are used to refinish auto bodies, whereas grinding wheels are used for automobiles. This high demand from various applications within the automobile industry is directly supporting the industry's growth. Â
Additionally, Several abrasive products are used for non-engine parts & accessories such as brakes, steering wheels, wheels, and axles. Brakes have a special abrasive with a non-directional scratch pattern fitting to collect tools. It is used to eliminate the brake squeal and reduce discoloration on heat-sensitive metals. Abrasive sandpapers are used for prepping and polishing the interior and exterior of automobiles. Furthermore, the rising raw material price fluctuations and economic conditions are expected to impact this market significantly.
The  Bonded Abrasive market segmentation is based on natural and synthetic. A synthetic abrasive is a product that processes chemical precursors or raw materials. These materials include synthetic diamonds, silicon carbide, and alumina. They have various applications as the shape of abrasive grains can be changed as per need, changes can be done in purity, and control the crystal structure within the grains. These customizable properties are giving a positive outlook on the segment’s growth.Â
Due to the growing consumer shift toward organic products, natural abrasives are extensively used in a wide range of domestic, industrial, and technological applications. These include corundum, diamond, and emery, as they occur naturally, and can be mined and processed for use with less variation. The increasing use of this product type in the automotive industry is one of the key factors driving the market growth.Â
Based on Product Type, the  Bonded Abrasive market segmentation includes bonded, coated, and super. The coated segment held the major abrasives market share in 2021. The coated segment consists of grains, a backing material, and a bonding adhesive. Each of these components gives the product a unique quality making it suitable for various applications. Using coated abrasives in consumer goods, fabrication, hand and power tools, general engineering, furniture, and surgical products will drive segmental growth.
Based on Application, the  Bonded Abrasive market segmentation includes automotive, electrical & electronics, metal fabrication, machinery, and others. The metal fabrication segment is expected to expand at a rapid pace during the forecast period. This type of fabrication is used to manufacture metal structures through bending, cutting, and assembling processes. This product is used as a cut-off saw, also called a chop saw, having steel-cutting abrasive disks to cut metals into the desired shape. Other metal fabrication products are fiber discs and flap discs, mainly used for grinding down metals and blending the surfaces.
Figure 2: Â Bonded Abrasive Market, by Material, 2023 & 2030 (USD Billion)
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Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The market size in Asia Pacific stood at USD 22.89 billion in 2021. Asia Pacific is expected to hold the highest position in the  market during the forecast period. This is due to advancements in technology, along with the growing construction industry, that will support the product’s demand in China, Japan, and India. China is the major consumer due to high metal fabrication and machinery demand.
Figure 3: Â BONDED ABRASIVE MARKET SHARE BY REGION 2023 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe is a hub for automobile production, which, in turn, increases product consumption. Furthermore, a high level of cleaning and maintenance services for these automobiles is a major factor that will boost the growth of the market in the region.
North America is expected to experience exponential growth during the forecast period. Rapid-paced development in precision tooling and machine part manufacturing, along with technological advancement in the U.S., is expected to contribute to the growth of the market in the region.
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Bonded Abrasive market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Bonded Abrasive industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Bonded Abrasive. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Bonded Abrasive industry must offer affordable products.
Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the  Bonded Abrasive industry to benefit customers and expand the market sector. The Low-Profile Additives market has recently given medicine some of the most important advantages. Major Bonded Abrasive market players, including Saint-Gobain (US), 3M (US), Buffalo Abrasives Inc (US), Abrasives Manhattan, SA (Spain), and others, are attempting to increase market demand by funding R&D initiatives.
Saint-Gobain is a company that designs, manufactures, and distributes materials and solutions for the construction, mobility, healthcare, life sciences, and general manufacturing markets. It offers flat glass, thermal insulation, solar control, light transmission, interior decoration as well as bulletproof and fireproof glass. The company also provides ceramic raw materials, gypsum, insulation, mortars, pipe systems for drinking water
Also, 3M (formerly Minnesota Mining and Manufacturing) is a technology company that provides product development, manufacturing, and marketing. It operates through four business segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. The Safety and Industrial segment specializes in personal safety, industrial adhesives and tapes, abrasives, closure and masking systems, electrical markets,
In September 2020, RPM International Inc. acquired Ali Industries, Inc. a leading manufacturer of sandpaper and other products, through its Rust-Oleum business. With this acquisition, RPM International aims at broadening its Consumer Group segment’s surface preparation capability through the addition of abrasives to the company’s lineup of repair, cleaning, and patch products.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD Â 11.012 Billion |
| Market Size 2023 | USD 11.45 Billion |
| Market Size 2030 | USD 20 Billion |
| Compound Annual Growth Rate (CAGR) | 5.1% (2023-2030) |
| Base Year | 2023 |
| Market Forecast Period | 2023-2030 |
| Historical Data | 2018 & 2020 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Material, Product Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Saint-Gobain (US), 3M (US), Buffalo Abrasives Inc (US), Abrasives Manhattan, SA (Spain), Marrose Abrasives (UK), Grinding Techniques (Pty) Ltd (South Africa), SAK Abrasives Limited (India), Sia Abrasives Industries AG (Switzerland), Flexovit (US), Carborundum Universal Limited (India), Robert Bosch GmbH (Germany), NIPPON RESIBON CORPORATION (Japan), DRONCO GmbH (Germany), KWH Mirka (Finland), and Fujimi Incorporated (Japan). |
| Key Market Opportunities | They have a significant demand for different hand-held machines. |
| Key Market Dynamics | The continuous advancement in technology and using machines in industries. |
Bonded Abrasives Market Highlights:
Frequently Asked Questions (FAQ) :
The Bonded Abrasive market size was valued at USD 11.012 Billion in 2022.
The Bonded Abrasive market is projected to grow at a CAGR of 5.1% during the forecast period, 2023-2030.
Asia Pacific had the largest share of the Bonded Abrasive market.
The key players in the bonded abrasive market are Saint-Gobain (US), 3M (US), Buffalo Abrasives Inc (US), Abrasives Manhattan, SA (Spain), Marrose Abrasives (UK), Grinding Techniques (Pty) Ltd (South Africa), SAK Abrasives Limited (India), Sia Abrasives Industries AG (Switzerland), Flexovit (US), Carborundum Universal Limited (India), Robert Bosch GmbH (Germany), NIPPON RESIBON CORPORATION (Japan), DRONCO GmbH (Germany), KWH Mirka (Finland), and Fujimi Incorporated (Japan).
The coated categories dominated the Bonded Abrasive market in 2023.
Metal fabrication had the largest share in the market for Bonded Abrasives.
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Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
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