Abrasives Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[175+ Pages Report] According to the report published by Facts Factors, the global abrasives market size was worth around USD 42.08 billion in 2019 and is predicted to grow to around USD 64.53 billion by 2026 with a compound annual growth rate (CAGR) of roughly 6.3% between 2020 and 2026. The report analyzes the global abrasives market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the abrasives market.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the abrasives market. The report analyzes and declares the historical and current trends analysis of the abrasives industry and subsequently recommends the projected trends anticipated to be observed in the abrasives market during the upcoming years.

The abrasives market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire abrasive market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.

Key Insights from Primary Research

• The global abrasives market has accounted for USD 42.08 Billion in 2019, and it has been anticipated to reach USD 64.53 Billion by end of 2026. In terms of CAGR, the market is expected to expand at a CAGR rate of around 6.3% between 2020 and 2026.
• Increasing demand from emerging economies is supposed to fuel market growth.
• Based on product segmentation, the 'bonded' category was the leading category in 2019, accounting for the highest market share in the global market.
• The “automotive” category, on the basis of the end-user industry, was the leading category accounting for the largest market share of over 35% in 2019.
• Due to the Covid-19 pandemic, sluggish growth across the end-use domains is expected to hamper product demand to some extent.

Key Recommendations from Analysts

• Increasing demand for the production of auto components in India, China, and Southeast Asian countries is expected to provide suppliers with growth opportunities for the end-user industries.
• It is projected that large-scale automotive production and demand from various component manufacturing industries in China would drive the Asia Pacific market.
• China'sAbrasion market is anticipated to rise at the highest rate between 2020 and 2026.
• Our analysts have identified “bonded” and “automotive” categories as the leading investment pockets for the global abrasion market in terms of the type, and end-user segmentation respectively.

Global Abrasion Market Revenue Share – By Product

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the abrasives market are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Abrasives industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the abrasives market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the abrasives market. The Abrasivesmarket report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the abrasives sector. Key strategic developments in the abrasives market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the abrasives market are appropriately highlighted in the report.

It is projected that the rising demand for abrasive products in metallurgy applications will drive demand. Coated abrasives such as stones and sandpaper are used in metalworking for deburring, where grinding of metal items is performed. For the polishing of various finished goods in industries including manufacturing, automobile, and electronics, and hard minerals. On account of the growth of the end-use sectors, such as aerospace, automotive, housing, and steel production, abrasive demand in the U.S. is expected to increase. Due to rising raw material prices and rising taxes and fees on scrap, the use of recycled abrasives is expected to increase in the coming years.

The abrasives market research report delivers an acutevaluationand taxonomy of the Abrasivesindustry by practically splitting the market on the basis of different types, applications, industry verticals, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

Report Scope

The regional segmentation of the Abrasivesindustry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Abrasivesindustry are provided for the leading economies of the world.

The abrasives market is segmented based on product, material, end-user, and region. On the basis of product segmentation, the market is classified into bonded, coated, and super. In terms of material segmentation, the market is bifurcated into natural, and synthetic. Based on the end-user, the market has been categorized into automotive, metal fabrication, machinery, electronics, and others.

Some of the essential players operating in the abrasives market, but not restricted to include

• Treibacher
• Jason Incorporated
• Kier Group
• Deerfos Co. Ltd.
• LafargeHolcim
• FMSA Holdings Incorporated
• Tyrolit Group
• Fujimi Incorporated
• Global Material Technologies
• Cabot Microelectronics Corporation
• Sia Abrasives
• Winterthur
• The Dow Chemical Company
• Stanley Black & Decker Incorporated
• Almatis GmbH 

The taxonomy of the abrasives market by its scope and segmentation is as follows:

By Product Segmentation Analysis

• Bonded
• Coated
• Super

By Material Segmentation Analysis

• Natural
• Synthetic

By End-User Segmentation Analysis

• Automotive
• Metal Fabrication
• Machinery
• Electronics
• Others

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa