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Abrasives Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Saint-Gobain, 3M, Murugappa, Tyrolit

07 Jan, 2020 | 120 Pages
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Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global Abrasives Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 5.0% during the review period (2022 to 2027).



Abrasives Market Overview



It is expected that the global abrasives market will register a CAGR of over 5% over the forecast period of 2022 to 2027. One of the key driving factors in driving the market for global abrasives market is the growth of the metal fabrication industry because of the increasing demand for components and developments & pre-engineered buildings in the manufacturing sector. The growth of the metal fabrication industry is also due to the increasing demand from several end-use industries such as agriculture, automotive, medical and aerospace. Furthermore, the market is budding due to changing technologies and a lack of skilled labor.



In terms of volume, the Sales of Abrasives was about 4873.67 K Tons in 2016. And it is anticipated to reach 7689.43 K Tons by 2022. The global abrasives market is expected to grow significantly over the forecast period owing to the rising demand from automobiles, medical devices along electronic equipment. Abrasives are generally classified into natural and synthetic adhesives. The leading companies own the advantages on better performance, more abundant product's types, better technical and impeccable after-sales service.






Industry Updates:




  • January 21st, 2020, Saint-Gobain Abrasives is now a Member of the SEAM Program-

    Saint-Gobain Abrasives is proud to announce its membership to a new European program focused on sustainability: SEAM - Sustainable European Abrasive Manufacturers.

  • Feb. 25, 2021, The Intermediate People's Court of Zhengzhou, China has ordered that the BCA-T (Blue Ceramic Abrasive Triangle) abrasive grain made by Qingdao Sisa Abrasives Co., Ltd. infringes 3M's Chinese patents ZL200980155621.4 and ZL201080026268.2. These patents relate to 3M's Precision-Shaped Abrasive Grain technology.



What are the major Applications, Types and Regions for Abrasives Market?



Abrasives Market is segmented based on the type, applications, companies and regions.



Market Volume (%) By Type, it is segmented into




  • Bonded Abrasives

  • Coated Abrasives

  • Super Precision Abrasives

  • Super Construction Abrasives



Market Volume (%) By Applications it is segmented into




  • Metal Manufacturing

  • Electronics

  • Construction

  • Automotive and Aerospace

  • Medical

  • Oil and Gas

  • Other



Abrasives Market Regional Analysis



The Asia-Pacific region is expected to dominate the abrasives market in the future. In this region, China is the largest economy in terms of GDP.. The country’s manufacturing sector is one of the major contributors to the economy. The Chinese aircraft industry experienced significant growth over the years. According to Boeing, China is estimated to require around 7,600 new commercial aircraft, valued at USD 1.2 trillion, over the next two decades.



The foreign investments in China have also been extended into the aviation sector, which is projected to register a CAGR of 6%. These investments are being made owing to China’s geographical location, which provides easy access to the industrial goods markets in the neighboring countries and other countries globally, making it a major access point for manufacturers and suppliers.



China is the largest manufacturer of automobiles in the world. The country’s automotive sector has been focusing on the product evolution and manufacturing products to ensure fuel economy and minimize emissions. This focus is due to the growing environmental concerns related to the rising pollution levels in the country.



All these factors greatly affect the Abrasives market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales value, sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





The Abrasives Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Abrasives Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.



What is our Abrasives Market report scope?























































Report Attributes



 



Report Details



Forecast Period 2022 to 2027 CAGR (Value and Volume)



CAGR of 5.0% during the review period (2022 to 2027).



Market Volume (%) By Type(Revenue, USD Million, 2017 - 2022)




  • Bonded Abrasives

  • Coated Abrasives

  • Super Precision Abrasives

  • Super Construction Abrasives



Market Volume (%) By Type(Revenue, USD Million, 2017 - 2022)




  • Metal Manufacturing

  • Electronics

  • Construction

  • Automotive and Aerospace

  • Medical

  • Oil and Gas

  • Other



Quantitative units



Revenue in USD million/billion and CAGR from 2022 to 2027



By Companies



Saint-Gobain, 3M, Murugappa, Tyrolit, Noritake, Asahi, Huanghe Whirlwind, Hermes Schleifmittel, Husqvarna, Bosch, Fujimi, Pferd, Sharpness, Rhodius, Klingspor, Suhner, Dronco (Osborn)



 



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



 



 



 



 



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



 



Base Year



 



 



2022



 



Historical Year



 



 



2017 to 2021



 



Forecast Year



 



 



2022 to 2027



 



Customization Available



 



 



Yes, the report can be customized as per your needs




Key Highlights from this Abrasives Report




  • A comprehensive backdrop analysis, which contains an assessment of the parent market

  • Essential changes in market dynamics.

  • Market segmentation up to the second or third level.

  • Historical, current, and projected size of the market from the standpoint of both value and volume.

  • Reporting and evaluation of recent industry developments.

  • Market shares and strategies of major players.

  • Emerging niche segments and regional markets.

  • An objective assessment of the trajectory of the market.

  • Recommendations to companies for strengthening their foothold in the market.



All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.



Frequently Asked Questions



What is the study period of this market?



The Abrasives Market is studied from 2017 - 2027.



What is the growth rate of Abrasives Market?



The Abrasives Market is growing at a CAGR of 5.0% over the next 5 years.



Who are the key players in Abrasives Market?



Saint-Gobain, 3M, Murugappa, Tyrolit, Noritake, Asahi, Huanghe Whirlwind, Hermes Schleifmittel, Husqvarna, Bosch, Fujimi, Pferd, Sharpness, Rhodius, Klingspor, Suhner, Dronco (Osborn)



What region does this Abrasives Market report covers?



North America (the United States, Canada, and Mexico)



Europe (Germany, France, UK, Russia, and Italy)



Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)



South America (Brazil, Argentina, Colombia, etc.)



The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)



What are the significant types of Abrasives Market?



Bonded Abrasives, Coated Abrasives, Super Precision Abrasives, Super Construction Abrasives



What are the major end-use applications of Abrasives Market?



Metal Manufacturing, Electronics, Construction, Automotive and Aerospace, Medical, Oil and Gas, Other


  1. INTRODUCTION

    1. MARKET DEFINATION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMLINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL ABRASIVES MARKET BY TYPES

    3. GLOBAL ABRASIVES MARKET BY APPLICATION



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASED DEMAND FROM APPLICATIONS

      2. INCREASING DEMAND FOR ABRASIVES



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGUALTIONS

      2. HIGH COST OF RAW MATERIAL



    3. OPPORTUNITIES

      1. ABRASIVES GROWTH

      2. APPLICATION OF ABRASIVES



    4. IMPACT OF COVID 19



  5. GLOBAL ABRASIVES MARKET, BY TYPES

    1. Introduction

    2. Bonded Abrasives

    3. Coated Abrasives

    4. Super Precision Abrasives

    5. Super Construction

    6. Others



  6. GLOBAL ABRASIVES MARKET, BY APPLICATION

    1. Introduction

    2. Metal Manufacturing

    3. Electronics

    4. Construction

    5. Automotive and Aerospace

    6. Medical

    7. Oil and Gas

    8. Other



  7. GLOBAL ABRASIVES MARKET, BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1. Saint-Gobain

      2. 3M

      3. Murugappa

      4. Tyrolit

      5. Noritake

      6. Asahi

      7. Huanghe Whirlwind

      8. Hermes Schleifmittel

      9. Husqvarna

      10. Bosch

      11. Fujimi

      12. Pferd

      13. Sharpness

      14. Rhodius

      15. Klingspor

      16. Suhner

      17. Dronco (Osborn)

      18. Others.





SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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