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Global Abrasives Market to reach USD XX billion by the end of 2030.

Global Abrasives Market Size study & Forecast, by Material (natural abrasives and synthetic abrasives), Type (bonded abrasives, coated abrasives, loose abrasive grains, and super abrasives), End-User Industry (metal manufacturing, electronics, construction, automotive and aerospace, medical, oil and gas, and other) and Regional Analysis, 2023-2030

Product Code: CMAM-98712278
Publish Date: 20-05-2023
Page: 200

Global Abrasives Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5% over the forecast period 2023-2030. Abrasives are hard materials that are used to shape or finish a workpiece in a variety of industrial, home, and technology applications. Alumina, silicon carbide, synthetic diamond, and corundum are only a few examples of synthetic abrasives. Natural abrasives include corundum, garnet, emery, and pumice. Additionally, abrasives might be coated or bonded. A matrix, which is often referred to as a binder, holds bonded abrasives in place. Coated abrasives are attached to a backing material such as paper, cloth, resin, polyester, or metal, whereas uncoated abrasives are frequently formed of rubber, clay, resin, or glass. The market is driven by significant factors such as expanding usage of abrasives in the construction and automotive sector and rising demand from various end-use industries.
The Infrastructure and Project Monitoring Division of the Ministry of Statistics and Program Implementation reports that as of May 2022, there were 1,559 government projects in the works, with a total estimated value of INR 26.7 trillion (about USD 326 billion). The Indian construction sector is expected to expand at a 6.2% annual pace from 2023 to 2026 as a result of a robust pipeline of infrastructure projects across several industries. In addition, the country’s events are projected to spur considerable growth in the building sector in Japan. The Olympics were held in Tokyo in 2021, and the World Expo will be held in Osaka in 2025. The demand for abrasives in the construction industry is driven by the need for reconstruction and rebuilding following natural disasters in Japan. Moreover, Growth in the electric vehicles (EVs) industry and Growth in the manufacturing sector in developing economies of Asia enhance market opportunities in the upcoming years. However, stringent Regulations on the Usage of Silica Abrasives stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Abrasives Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is also a leading region in the Abrasive Market. The growth in this region is driven by the increasing demand for abrasives in the automotive and construction industries, which are some of the largest end-users of abrasives. On the other side, the Asia-Pacific region is the fastest-growing region in the Abrasive Market. This growth can be attributed to the increasing demand for abrasives in various industries such as automotive, construction, and electronics, among others

Major market player included in this report are:
Abrasive Technology LLC
ARC Abrasives Inc.
Asahi Diamond Industrial Co. Ltd
Fujimi Incorporated
Noritake Co. Limited
Pan Abrasives

Recent Developments in the Market:
Ø June 2022, 3M announced that it had acquired Diamond Productions Inc. The business produces CBN (cubic boron nitride) wheels, ultra-abrasive diamonds, and equipment for dimensioning and finishing complicated-to-grind materials.
Ø Saint-Gobain Abrasives opened a new applications center in June 2022 to aid metal fabricators with their abrasive difficulties and grow their abrasives business.
Global Abrasives Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Material, Type, End User Industry, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Material:
Natural Abrasives
Synthetic Abrasives
By Type:
Bonded Abrasives
Coated Abrasives
Loose Abrasives Grains
Super Abrasives

By End User Industry:
Metal Manufacturing
Automotive and Aerospace
Oil and Gas

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Abrasives Market, by Region, 2020-2030 (USD Billion)
1.2.2. Abrasives Market, by Material, 2020-2030 (USD Billion)
1.2.3. Abrasives Market, by Type, 2020-2030 (USD Billion)
1.2.4. Abrasives Market, by End User Industry, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Abrasives Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Abrasives Market Dynamics
3.1. Abrasives Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Expanding usage of abrasives in the construction and automotive sector Rising demand from various end-use industries
3.1.2. Market Challenges Stringent Regulations on Usage of Silica Abrasives
3.1.3. Market Opportunities Growth in the electric vehicles (EVs) industry Growth in the manufacturing sector in developing economies of Asia
Chapter 4. Global Abrasives Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Abrasives Market, by Material
5.1. Market Snapshot
5.2. Global Abrasives Market by Material, Performance – Potential Analysis
5.3. Global Abrasives Market Estimates & Forecasts by Material 2020-2030 (USD Billion)
5.4. Abrasives Market, Sub Segment Analysis
5.4.1. Natural Abrasives
5.4.2. Synthetic Abrasives
Chapter 6. Global Abrasives Market, by Type
6.1. Market Snapshot
6.2. Global Abrasives Market by Type, Performance – Potential Analysis
6.3. Global Abrasives Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
6.4. Abrasives Market, Sub Segment Analysis
6.4.1. Bonded Abrasives
6.4.2. Coated Abrasives
6.4.3. Loose Abrasives Grains
6.4.4. Super Abrasives
Chapter 7. Global Abrasives Market, by End User Industry
7.1. Market Snapshot
7.2. Global Abrasives Market by End User Industry, Performance – Potential Analysis
7.3. Global Abrasives Market Estimates & Forecasts by End User Industry 2020-2030 (USD Billion)
7.4. Abrasives Market, Sub Segment Analysis
7.4.1. Metal Manufacturing
7.4.2. Electronics
7.4.3. Construction
7.4.4. Automotive and Aerospace
7.4.5. Medical
7.4.6. Oil and Gas
7.4.7. Other
Chapter 8. Global Abrasives Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Abrasives Market, Regional Market Snapshot
8.4. North America Abrasives Market
8.4.1. U.S. Abrasives Market Material breakdown estimates & forecasts, 2020-2030 Type breakdown estimates & forecasts, 2020-2030 End User Industry breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Abrasives Market
8.5. Europe Abrasives Market Snapshot
8.5.1. U.K. Abrasives Market
8.5.2. Germany Abrasives Market
8.5.3. France Abrasives Market
8.5.4. Spain Abrasives Market
8.5.5. Italy Abrasives Market
8.5.6. Rest of Europe Abrasives Market
8.6. Asia-Pacific Abrasives Market Snapshot
8.6.1. China Abrasives Market
8.6.2. India Abrasives Market
8.6.3. Japan Abrasives Market
8.6.4. Australia Abrasives Market
8.6.5. South Korea Abrasives Market
8.6.6. Rest of Asia Pacific Abrasives Market
8.7. Latin America Abrasives Market Snapshot
8.7.1. Brazil Abrasives Market
8.7.2. Mexico Abrasives Market
8.8. Middle East & Africa Abrasives Market
8.8.1. Saudi Arabia Abrasives Market
8.8.2. South Africa Abrasives Market
8.8.3. Rest of Middle East & Africa Abrasives Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Saint-Gobain Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. 3M
9.3.3. Abrasive Technology LLC
9.3.4. DEWALT
9.3.5. ARC Abrasives Inc.
9.3.6. Asahi Diamond Industrial Co. Ltd
9.3.7. Fujimi Incorporated
9.3.8. CUMI
9.3.9. Noritake Co. Limited
9.3.10. Pan Abrasives
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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