Abrasives Market Trends, Analysis, and Future Outlook - 2030

Amit Kumar
16 minutes ago
5 min read

Abrasives Market Projected to Expand at 4.5% CAGR Through 2030

The Global Abrasives Market size was valued at USD 35.5 Billion in 2022 and is projected to grow at a CAGR of around 4.5% during the forecast period, i.e., 2024-30. The market is projected to experience significant growth in the coming years due to the surge in construction & manufacturing activities worldwide. The demand for abrasives in the construction industry for woodworking, fabrication, metal components, and other uses is particularly high in various developing countries. As a result, abrasives manufacturers have the immense potential to capitalize on these opportunities and achieve substantial revenue & market share.

✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

Our Latest Reports Now Include In-Depth Supply Chain Ecosystem Analysis, Enabling Businesses to Navigate Tariff Challenges with Greater Agility Get Sample Report - https://www.marknteladvisors.com/query/request-customization/global-abrasives-market.html

Strategic Takeaways from the Report:

Market Sizing and Forecasting
Regulatory and Policy Influence
Competitive Trends and M&A Activity
Innovation Drivers and Disruptive Technologies
Investment Hotspots and Emerging Niches
Geographical Dynamics and Trade Flows

Abrasives Market Segment Overview & Classification

This market is categorized to offer targeted insights across various operational and consumer-related verticals.

Segment List:

By Type

Coated Abrasive
Bonded Abrasive
- By Bonding Agents
  - Vitreous
  - Resin
  - Metal Bonded
  - Electroplated
  - Rubber
  - Others
- Super Abrasive

Between the two, coated abrasives dominated the market with the largest revenue share in 2022, and the same trend is likely during 2024-30. It owes to their wide application in consumer goods, fabrication, hand & power tools, furniture, general engineering, & surgical products, among others, backed by the presence of backing materials like grains & a bonded adhesive.

By Raw Material

Synthetic
- Aluminum oxide
- Metallic abrasives
- Silicon carbide
- Others
Natural

By Application

Machinery
Aerospace
Metal Fabrication
Automotive
Electrical & Electronics
Others

Of them all, the metal fabrication application of abrasives has proliferated in recent years and is likely to witness rapid growth, hinting at the inflated Abrasives Market size during 2024-30. This growth is backed by the capabilities of these materials in aiding the manufacturing of metal structures through bending, cutting, & assembling processes. They are also used as cut-off saws owing to the steel-cutting abrasive disks that help cut metals into the desired shape. Other than this, they aid in the fabrication of products like fiber & flap discs for grinding metals & blending surfaces. Backed by such uses, the demand for abrasives is exploding for metal fabrication and, in turn, fueling the Abrasives Market growth.

By Region

North America
South America
Europe
Middle East & Africa
Asia-Pacific.

Of all regions globally, Asia-Pacific is anticipated to dominate the Abrasives Market with the largest share during 2024-30. It owes to its flourishing automotive industry and the growing number of construction activities across different countries in the region, creating the demand for abrasives and generating lucrative opportunities for the abrasives market leaders to increase their production & distribution capacities in order to cater to the burgeoning end-user requirements.

These divisions help clarify demand patterns and expected shifts.

Market Opportunities

The Automotive Industry's Growing Demand for Abrasives: Since abrasives find substantial application across the automotive industry for repairing engine parts, auto body, and interior & exterior cleaning, among other applications, their demand is hiking worldwide. In fact, these materials are also used for cleaning the insides of components like pipes, smooth welds, edges, & surfaces for fitting, oiling, polishing, or painting. Such applications are augmenting the demand for abrasives across the automotive industry and driving the abrasives market.

Abrasives Market Competitive Snapshot from 2024-2030

The report highlights established and emerging players in the global Abrasives Market, evaluating their strengths, challenges, and potential for innovation.

Key Competitors Include:

Robert Bosch GMBH
3M Company
Saint-Gobain Abrasives, Inc.
Fujimi Incorporated
Asahi Diamond Industrial Co., Ltd.
Cumi Murugappa Group (Carborundum Universal Limited)
Mirka Ltd.
Henkel AG & Co. KGaA
Nippon Resibon Corporation
Sankyo Rikagaku Co., Ltd.
Noritake Co. Ltd.
Tyrolit Group
Boride Engineered Abrasives
Flexovit USA, Inc.
Abrasive Technology, Inc.

Their activities include partnerships, product launches, and geographic expansions.

Abrasives Industry Trends

Mounting Demand for Abrasives, Driven by Increasing Infrastructure Development Activities: Numerous countries worldwide are increasingly focusing on developing their infrastructure across diverse sectors, such as commercial, residential, & industrial areas. Such projects include the construction & development of commercial areas, such as airports, shopping malls, railway stations, highways, roads, & tunnels, coupled with industrial construction activities associated with manufacturing plants, steel & mining industries, metal fabrication, as well as the construction of smart cities & rural areas, among others, indicating a substantial rise in demand for abrasives over the coming years.

Frequently Asked Questions (FAQs):

What industries are most impacted by this market?
How is technology reshaping operations and offerings?
Which competitors dominate the landscape?
What risks could disrupt market expansion?
How should businesses respond to demand fluctuations?

“Report Delivery Format: Market research reports from MarkNtel Advisors are available in PDF, Excel, and PowerPoint formats. Once payment is successfully processed, the report will be delivered to your email address within 24 hours”

Other Report:

Note: If you need additional information not included in the report, we can customize it to suit your requirements. https://www.marknteladvisors.com/query/request-customization/global-abrasives-market.html

Why Trust MarkNtel Advisors?

In-depth primary and secondary data validation
Focused on practical insights, not just raw numbers
Designed to support business strategy, not just reporting
Strong industry connections and real-time data flow
Transparent methodology and reliable sourcing

About Us –

We are a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.