Abrasives are sharp, mineral-based materials that are majorly used to offer finishing to both hard and soft materials. They are hard crystals that are either found in nature or can be synthetically manufactured. They are widely utilized to clean surfaces and to remove excess material coarsely.
Apart from this, they are also employed for shaping in form grinding, sizing in precision grinding, tool sharpening, blast cleaning, separating in slicing operations, roughening in matte finishes and in the manufacturing of intricate components.
As a result, they are gaining widespread preference among various end users such as the automobile, electrical and mechanical industries.
According to the latest report by IMARC Group, titled “Abrasives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global abrasives market size reached $43.5 Billion in 2019.
The demand for these materials for metal fabrication is also providing a thrust to the market growth. Since they are utilized for surface blending as well as for removing welds, the emergence of automation in metal fabrication is expected to provide a stimulus to the market growth.
Furthermore, extensive research and development (R&D) have led to the introduction of the next generation of non-woven abrasives in the market. Also, these materials provide minimal smearing issues, enhanced versatility and faster cut-rate, which is further contributing to their widespread preference across industries.
On account of the aforementioned factors, the market is expected to reach a value of $59.7 Billion by 2025, expanding at a CAGR of 5.4% during 2020-2025.
- Buy Research Report: Mobility on Demand Market Driven by Growing Smartphone Penetration
- Buy Research Report: GCC In-Vitro Diagnostic Devices Market Grow Say Healthcare Industry
- Buy Research Report: By the End of 2027, the Biochip Products Research, Manufacturing and Service Market is Estimated to Reach $11 Billion in Value
- I Will Create and Optimize Facebook Ads Campaign for Your Business
- I Will Setup and Optimize Google Adwords Campaign for High Conversion
The global market is primarily driven by significant growth in the automotive abrasives industry. These materials are widely utilized for the manufacturing of various automotive parts, such as mirrors, air ducts and fuel tanks.
Additionally, abrasives are crucial for minimizing carbon dioxide emissions and lowering noise levels in automobiles. Rapid urbanization, increasing global population and inflating per capita income levels have provided a boost to the sales of automobiles across the globe, thereby catalyzing the demand for abrasives.
On the basis of product type, the market has been breakup into bonded abrasives, coated abrasives, super-abrasives and by material type, the market has been breakup into natural abrasives and synthetic abrasives.
The market by end-user has been divided into machinery, metal fabrication, automotive, electronics, construction.
Top abrasive Companies worldwide:
The competitive landscape of the market has been studied, with the detailed profiles of the key profile operating in the market. Some of these include Robert Bosch Power Tools GmbH, DuPont de Nemours, Inc., Fujimi Inc., Saint-Gobain Group, Henkel AG & Co. KGaA, 3M, Asahi Diamond Industrial Co., Ltd., Carborundum Universal Limited., TYROLIT Schleifmittelwerke Swarovski KG, NIPPON RESIBON CORPORATION, Krebs & Riedel Schleifscheibenfabrik GmbH & Co. KG, Abrasiflex Pty Ltd., Noritake Co., Limited, DEERFOS.COM, and Sankyo-Rikagaku Ltd.