Abrasives Market size is expected to experience decent growth from 2023 to 2032 due to increasing material use in the electrical, automotive, and aerospace industries. The increasing demand for consumer goods is estimated to drive manufacturing activities, subsequently offering a boost to market growth.
A rise in construction activities has complemented the demand for natural abrasives. Abrasives such as corundum, diamond, calcite, pumice, and sandstone are used for their hardness and rigidity to smooth welding seams in construction projects like buildings and bridges. Promising growth in the construction sector will facilitate product penetration in the years to come.
The synthetic abrasives market is expected to see significant growth by 2032. Synthetic abrasives such as ceramic, borazon, and silicon carbide are used to provide a mirror finish to components in the manufacturing sector. The growing manufacturing sector in India and China, driven by government initiatives, will positively impact the demand for these products.
The coated abrasives market is expected to see decent growth between 2023 to 2032. Coated abrasives consist of flexible backing material and are used for polishing and lacquering in the furniture sector. The rising demand for furniture, driven by the expansion of commercial spaces such as malls, hypermarkets, and supermarkets, will contribute to the growth of the coated abrasives industry.
It is estimated that the bonded abrasives market is expected to grow through 2032. Bonded abrasives are made by mixing abrasive grains with a matrix material and shaping them into sticks, blocks, and wheels. They are used to sharpen edges and hone internal and external surfaces. They are also used in the automotive sector for completing body parts. Rising consumer purchasing power will drive demand for bonded abrasives in the automotive sector.
The automotive application segment is estimated to hold a major share of the abrasives industry until 2032. Abrasives are used to maintain the dimensional accuracy of plastic components, air ducts, valve springs, and mirrors in the automotive sector. The growing manufacturing of electric vehicles will boost product penetration in the automotive sector, driving the abrasives market expansion.
Meanwhile, the electrical and electronics application segment is expected to experience significant growth by 2032. Abrasives are particularly effective in providing a smooth finish to electrical components because of the strong force of contact they provide. Rising disposable incomes, which are driving an increase in demand for electronic products, will complement the growth of the abrasives industry.
The super abrasives market is expected to see significant development by 2032. Super abrasives, because of their high-performance grinding properties, are used for machining ferrous and non-ferrous materials. They are used for grinding wear parts in the oil and gas sector. The rising energy demands across European countries will in turn fuel the need for super abrasives.
North America abrasives market, led by Mexico, Canada, and the U.S., is expected to experience noteworthy expansion by 2032. These abrasives are used in profile sanding, fine sanding, and polishing use in the furniture and wooden sector. The market growth will be further driven by the increasing demand for wood in the region to construct homes and apartments.
Global abrasives market key players includes Arc Abrasives, Inc, 3M, Fujimi Incorporated, Saint-Gobain, DowDuPont, Robert Bosch GmbH, and sia Abrasives Industries AG. Companies are focusing on increasing production capacity and expanding their market share by forming strategic alliances, joint ventures, and partnerships.
The Russia-Ukraine war may have a negative impact on the global abrasives market. The war can lead to disruptions in the supply of raw materials, as well as in the production and transportation of abrasive products, as both countries are major producers of raw materials for the abrasives sector. These factors may lead to a decrease in market growth and profitability for companies in the abrasives industry.