Abrasives Market size is anticipated to witness high gains from 2019 to 2025 owing to its utilization in electrical, automotive, and aerospace industries in order to provide shape and finish to a workpiece. Increasing manufacturing activities owing to increasing consumer goods demand will have a positive impact on market growth.
Natural abrasives market size may to grow in the estimated timeframe owing to growing construction industry. Calcite, diamond, pumice, corundum, and sandstone due to their hardness and rigidity are utilized as natural abrasives. The products help to smoothen welding seams for constructing buildings and bridges. Global construction industry may surpass USD 8 trillion by 2030. Increasing construction activities owing to growing commercialization and industrialization will enhance industry size.
Synthetic abrasives market is anticipated to witness substantial gains by 2025. Ceramic, borazon, and silicon carbide are utilized as synthetic abrasives. The products help to offer mirror finish to machined components in manufacturing sector. Growing manufacturing sector due to favourable government initiative in India and China will positively impact product demand.
Abrasives market from bonded type is forecasted to grow by 2025. The product is mixed with matrix to produce bonded abrasive which is shaped into sticks, blocks, and wheels. The product is also used for sharpening edges & honing external and internal surfaces. It has applications in automotive industry for finishing body parts. Global automotive aftermarket size may grow over 3.5% by 2025. Growing automotive industry due to rising consumer purchasing power will foster product demand.
Abrasives market size from coated type is anticipated to witness significant gains by 2025. The product comprises of flexible backing material and is used for polishing and lacquering in furniture industry. Rising furniture demand owing to increasing commercial spaces including malls, hypermarkets, and supermarkets will foster market size by 2025.
Automotive application is forecasted to grow by 2025. The product is used to maintain dimensional accuracy of plastic components, valve springs, air ducts, and mirrors in automotive industry due to their sharp nature. Increasing electric vehicles manufacturing will boost automotive sector growth which would enhance market size.
Abrasives market size from super abrasive type is anticipated to witness significant gains by 2025. The product owing to high performance grinding properties is used for machining ferrous and non-ferrous materials. The product has applications in grinding wear parts in oil and gas industry. Growing oil and gas industry due to rising energy needs will foster product demand.
Abrasives market from electrical & electronics application is projected to witness substantial gains by 2025. The product provides proper finish to electrical components owing to good contact force. Global consumer electronics goods market is forecasted to grow over 6.0% by 2024. Increasing electronic products demand due to rising disposable incomes will foster product demand which would boost industry growth.
North America led by Mexico, Canada and the U.S. abrasives market size is projected to witness substantial gains by 2025. The product due to sharp nature is used for fine sanding, profile sanding, and polishing applications in wooden and furniture industry. Rising wood demand in the region for constructing homes and apartments will foster market growth.
Stringent regulations and lack of raw material availability may hamper market growth and industry profitability. Abrasive products’ manufacturing requires large amounts of raw material. Demand and supply gaps of raw materials may fuel product costs which may hamper industry price trends.
Europe driven by Spain, UK, France Italy and Germany abrasives market size may grow owing to its usage in automotive industry. The product owing to grinding & cutting properties is used for sanding off weld seams and removal of rust and lacquer in automotive industry. Growing regional automotive industry due to increased consumer spending and easy vehicle financing will favour industry growth.
Asia Pacific led by South Korea, Japan, India, Australia and China abrasives market is projected to witness gains owing to rising construction activities. The products are used to surface and shape building materials by polishing and grinding. It offers non slip properties in walkways and stairways. Growing infrastructural development in the region will foster walkways construction which will boost product demand.
Global abrasives market share is moderately fragmented with major players includes 3M, Arc Abrasives, Inc, Fujimi Incorporated., Robert Bosch GmbH, Saint-Gobain, sia Abrasives Industries AG., and DowDuPont. Producers are focusing on expanding production capacity and market penetration through implementing joint ventures, strategic alliance and partnerships. Increasing product applications in furniture, electrical & electronics, and automotive industry which may stimulate market.
The above information is provided on a regional and country basis for the following: