The global market for abrasives was valued at $55.0 billion in 2022. The market is estimated to grow from $57.8 billion in 2023 to reach $74.0 billion by 2028, at a compound annual growth rate (CAGR) of 5.1% from 2023 to 2028.
The global market for abrasive grains is estimated to grow from $29.0 billion in 2023 to reach $37.7 billion by 2028, at a CAGR of 5.4% from 2023 to 2028.
The global market for abrasive products is estimated to grow from $28.9 billion in 2023 to reach $36.3 billion by 2028, at a CAGR of 4.7% from 2023 to 2028.
Report Scope:
The report contains comprehensive information regarding the abrasive industry and the users thereof. It includes details about various types of abrasives; materials used as abrasives; abrasive manufacturers' most commonly used grains; manufacturers' production with values; manufacturers of products using abrasive materials primarily for machine tools; users of abrasive tools and other applications; and users of loose abrasives. Estimated values are based on manufacturers' total revenues. Projected and forecast revenue values are in constant U.S. dollars, unadjusted for inflation.
The abrasive market is segmented into the follow categories -
Type (abrasive grains and abrasive products).
Application (buffing, honing, drilling, grinding, polishing, cutting, and sharpening).
End use (metal manufacturing, automotive, electronics, medical, energy, building and construction, and wood and composites).
Region: North America, Europe, Asia-Pacific (APAC), and the Rest of the World (RoW).
Report includes:
45 data tables and 53 additional tables
Overview and an up-to-date analysis of the global abrasives market with emphasis on materials, products and applications
Analyses of the global market trends, with historical market revenue data (sales figures) for 2022, estimates for 2023, forecasts for 2027, and projections of compound annual growth rates (CAGRs) through 2028
Estimate of the actual market size and revenue forecast for the global abrasives market in USD millions, and a corresponding market share analysis based on type, application, end-use industry, and region
In-depth information (facts and figures) pertaining to the market growth drivers, challenges, opportunities and prospects; the technologies and regulatory scenarios; and the impacts of COVID-19 and the Russia-Ukraine war on the market
Discussion of the importance of ESG in the global abrasives market, including consumer attitudes, an assessment of risks and opportunities, and the ESG practices followed by manufacturers and suppliers of abrasives
Review of new and existing U.S. patents issued for abrasive technologies
A look at the major vendors in the global market for abrasives, and an analysis of the structure of this industry with respect to company market shares, venture fundings, and recent mergers and acquisitions (M&A) activity
Identification of the major stakeholders and analysis of the competitive landscape based on recent developments, key financials and segmental revenues, and operational integration
Profiles of the leading market players
Table of Contents
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
What's New in This Update?
Scope of Report
Research Methodology
Information Sources
Geographic Breakdown
Chapter 2 Summary and Highlights
Market Outlook
Market Summary
Chapter 3 Market Overview
Market Definition
Industry History
Factors Affecting Choice of Abrasives
Importance of the Abrasive Industry
Chapter 4 Market Dynamics
Market Drivers
Increasing Demand for Abrasives from Automotive Industry
Growth in Demand for Abrasives from Construction Industry
Market Opportunities
Niche Applications of Abrasives in Dental, Medical, and Jewelry Manufacturing
Growing Demand for Super Abrasives
Market Challenges
Environmental Regulations
Rising Raw Material Costs
Chapter 5 Global Market for Abrasives by Type
Introduction
Abrasive Grains
Alumina Industry
Silicon Carbide Global Capacity and Usage
Diamond Market
Cubic Boron Nitride and Others
Metallic Abrasives
Cutting Tool Industry
Natural Abrasives
Abrasive Powder and Grains
Abrasive Products
Loose Abrasives
Bonded Abrasives
Coated Abrasives
Nonwoven Abrasives
Super Abrasives
Polishing Products
Chapter 6 Global Market for Abrasives by Application
Introduction
Buffing
Cutting
Grinding
Honing
Lapping
Machining
Polishing
Chapter 7 Global Market for Abrasives by End-use Industry
Introduction
Automotive
Metal Manufacturing
Building and Construction
Electronics
Wood and Composites
Energy
Medical
Chapter 8 Global Market for Abrasives by Region
Introduction
North American Region
European Region
Asia-Pacific Region
Rest of the World
Chapter 9 Sustainability in Abrasive Industry: An ESG Perspective
Importance of ESG in the Abrasive Industry
ESG Ratings and Metrics: Understanding the Data
ESG Practices in the Abrasive Industry
Current Status of ESG in the Abrasive Market
Risk Scale, Exposure Scale, and Management Scale
Case Study: Example of Successful ESG Implementation
Environmental Initiatives
Social Initiatives
Governance Initiatives
Outcomes
Investments
Future of ESG: Emerging Trends and Opportunities
Concluding Remarks from BCC
Chapter 10 Emerging Technologies and Developments
Key Highlights
Trends
Development of New Abrasive Materials and Abrasive Manufacturing Processes
Abrasive Recycling
Chapter 11 Patent Analysis
Significance of Patents
Importance of Patent Analysis
Patent Analysis Based on Country of Origin
Patent Analysis Based on Year Issued
Patent Analysis Based on Companies to Which Patents Were Issued