The global abrasives market was valued at USD 45.95 billion in 2023 and is expected to reach USD 76.93 billion by 2032, growing from USD 48.66 billion in 2024 at a CAGR of 5.9% during the forecast period. Fortune Business Insights™ publishes this information in a report titled, "Abrasives Market, 2025-2032". As per the report, the market is expected to grow during the projected period due to increasing demand for the product from the automotive industry.
Abrasives are materials used to shape, polish, or smooth surfaces like wood, concrete, ceramics, and stone, providing a refined finish. They are commonly found in sandpapers, grinding wheels, polishing tools, and mass-finishing media. Growing use in construction, driven by rapid economic development, is fueling market demand.
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Segmentations:
Synthetic Segment to Lead Global Market Due to Rising Application
By material, the market is bifurcated into natural and synthetic. The synthetic segment is anticipated to lead the global market share due to high application of these products in various elements.
High Abrasive Use in Different Products to Boost Coated Segmental Growth
Based on product type, the market is trifurcated into bonded, coated, and super. The coated segment is anticipated to grow during the projected period. The increasing use of coated abrasives in consumer goods, furniture, surgical products, and fabrication products is anticipated to fuel the segmental growth.
Metal Fabrication to Propel Growth During Forecast Period
On the basis of application, the market is divided into automotive, electrical & electronics, metal fabrication, machinery, and others. The metal fabrication segment will grow in the coming years due to the rising demand for metal equipment.
Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
DRIVING FACTORS
Rising Construction Sector to Promote Growth
The rapid-paced urbanization that has led to the significant development of smart cities is driving the construction industry across the globe. As per the report by the United Nations, around 68% of the global population is expected to reside in urban areas by 2030. The growing adoption of abrasives to form sand papers, cut off wheels, honing stones, and grinding wheels is likely to favor the growth of the market. Moreover, adoption of advanced technologies in industries and the high utilization of precision tools is expected to contribute to the global abrasives market growth in the forthcoming years.
REGIONAL INSIGHTS
Asia-Pacific – The region is expected to hold the highest position in the global market in the forthcoming years. This is attributable to the increasing demand for metal fabrication and machinery businesses in countries such as China in the region.
Latin America – The market in the region is expected to experience substantial growth backed by the rising aerospace, automotive, and construction sector in countries such as Argentina and Brazil.
North America – North America is projected to witness strong growth, driven by advancements in precision tooling, machine part manufacturing, and technology development in the U.S.
COMPETITIVE LANDSCAPE
Contract Signing by Key Players to Expand Their Product Portfolio & Boost Sales Revenue
The market comprises small, medium, and large companies that are striving to maintain their presence by signing lucrative contracts with several private agencies to expand their product portfolio. Moreover, other key players are adopting organic and inorganic strategies to maintain their stronghold in the highly competitive global marketplace. For instance, in December 2020, Nippon Paint India announced the expansion of its automotive business production line to offer optimum quality end-to-end solutions. Therefore, such strategies adopted by the companies to maintain their footprint is expected to bode well in the forthcoming years.
Industry Development:
- October 2023 – Saint-Gobain partnered with Dedeco Abrasive Products to promote its Sunburst abrasive line, aiming to enhance its portfolio with high-quality abrasive solutions through a mutually beneficial collaboration.
- October 2023 – Tyrolit Group acquired Acme Holding Company, a Michigan-based abrasives manufacturer, to expand its grinding and specialty abrasives capabilities. The acquisition increases Tyrolit’s U.S. facilities to seven and strengthens its presence in key sectors like foundry, steel, and rail.
List of the Companies Profiled in the Global Market for Abrasives:
- The 3M Company (U.S.)
- Saint-Gobain (U.S.)
- Krebs & Riedel (Germany)
- Asahi Diamond Industrial Co., Ltd. (Japan)
- Robert Bosch GmbH (Germany)
- Fujimi Incorporated (Japan)
- Henkel AG & Co. KGaA (Germany)
- Carborundum Universal Limited (India)
- NIPPON RESIBON CORPORATION (Japan)
- KWH Mirka (Finland)
- NORITAKE CO., LIMITED (Japan)
- Other Key Players
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