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Abrasive Market Size, Share & Trends Analysis Report By Product (Coated, Bonded), By Application (Automotive & Transportation, Metal Fabrication), By Region (Asia Pacific, Europe), And Segment Forecasts, 2020 - 2027

September 2020 | 75 pages | ID: AA3CEAA5D07EN
Grand View Research, Inc.

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Abrasive Market Growth & Trends
The global abrasive market size is anticipated to reach USD 54.3 billion by 2027 expanding at a CAGR of 4.4%, according to a new report by Grand View Research, Inc. Use of diamond blades is increasing in the construction & infrastructure sector for applications, such as core drilling, wire sawing, and hand-sawing.

Short-term demand from the construction sector has declined in the recent past. However, governments in various countries have started opening the construction sites, which is projected to boost product demand in the second half of 2020. Products, such as cutting discs and grinding discs, and are widely used in the construction sector.

The Covid-19 pandemic has hampered the demand for abrasives in steel and metal fabrication industries. Thus, in anticipation of declining demand from end-use sectors, U.S.-based producers, such as U.S. Steel and ArcelorMittal, reduced their production capacities by 10 million short tons in total. Overall production of steel in the country witnessed a year-on-year decline of 12.7% in March 2020. In addition, the capacity utilization rate is also observed at a historical low of 71.6%.

Increasing demand for component manufacturing in the electronics and automotive & aerospace industries is expected to drive the segment over the forecasting period. Products, such as bearings and precision components, can be manufactured using diamond-based abrasives. The processes including surface grinding, centerless grinding, flute grinding, turning, and wire drawing, require different diamond abrasive products.

Properties including better abrasive wear resistance, anti-adhesion properties, chemical inertness, and low coefficient of friction and Polycrystalline Diamond (PCD) are projected to create a positive impact on the market dynamics. Furthermore, the manufacturing of components at a large scale and increased cutting speed values with greater quality are anticipated to boost the demand for PCD inserts in transportation component manufacturing.

Nowadays, various technologies and processes, such as laser beam, etching, and ion beam, have been established for the manufacturing of micro-structured surfaces and precision parts. However, mechanical processes, such as engraving and diamond machining, play a significant role in the manufacturing of micro-structured and precision parts. Machining processes, such as milling, drilling, and turning, using monocrystalline diamond abrasive products are expected to represent many opportunities over the coming years.

Abrasive Market Report Highlights
  • The bonded product segment is projected to register a CAGR of 3.9% from 2020 to 2027 on account of increasing investments in the aerospace & defense sector and moderate long-term demand from the automotive industry
  • Automotive & transportation was the largest application segment and accounted for a revenue share of over 35% in 2019
  • Demand for auto component manufacturing in China, India, and Southeast Asian countries is anticipated to provide growth opportunities for the vendors in this application segment
  • Sluggish growth in the end-use industries due to the Covid-19 pandemic is projected to hamper the product demand to some extent
  • The Asia Pacific is projected to remain the largest as well the fastest-growing regional market over the forecast period
  • Large-scale production of automobiles and demand from various components manufacturing industries in China are projected to drive the market in the Asia Pacific
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
  1.3.1. Purchased Database
  1.3.2. GVR’s Internal Database
  1.3.3. Secondary Sources & Third-Party Perspectives
  1.3.4. Primary Research
1.4. Information Analysis
  1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market Snapshot

CHAPTER 3. ABRASIVES MARKET VARIABLES, TRENDS & SCOPE

3.1. Market Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
  3.3.1. Manufacturing trends & technology overview
  3.3.2. Sales Channel Analysis
3.4. Technology Overview
3.5. Regularity Framework
3.6. Market Dynamics
  3.6.1. Market Driver Analysis
  3.6.2. Market Restraint Analysis
  3.6.3. Market challenges
3.7. Business Environment Analysis: Abrasives market
  3.7.1. Industry Analysis - Porter’s
  3.7.2. PESTEL Analysis

CHAPTER 4. ABRASIVES MARKET: PRODUCT ESTIMATES & TREND ANALYSIS

4.1. Definition & Scope
4.2. Product Movement Analysis & Market Share, 2019 & 2027
4.3. Market size & forecasts and trend analysis, 2016 to 2027
  4.3.1. Bonded
    4.3.1.1. Market estimates & forecasts, 2016 - 2027 (USD Billion)
  4.3.2. Coated
    4.3.2.1. Market estimates & forecasts, 2016 - 2027 (USD Billion)
  4.3.3. Others
    4.3.3.1. Market estimates & forecasts, 2016 - 2027 (USD Billion)

CHAPTER 5. ABRASIVES MARKET: APPLICATION ESTIMATES & TREND ANALYSIS

5.1. Definition & Scope
5.2. Application Movement Analysis & Market Share, 2019 & 2027
5.3. Market size & forecasts and trend analysis, 2016 to 2027
  5.3.1. Automotive & transportation
    5.3.1.1. Market estimates & forecasts, 2016 - 2027 (USD Billion)
  5.3.2. Heavy machinery
    5.3.2.1. Market estimates & forecasts, 2016 - 2027 (USD Billion)
  5.3.3. Metal fabrication
    5.3.3.1. Market estimates & forecasts, 2016 - 2027 (USD Billion)
  5.3.4. Electrical & electronics
    5.3.4.1. Market estimates & forecasts, 2016- 2027 (USD Billion)
  5.3.5. Others
    5.3.5.1. Market estimates & forecasts, 2016 - 2027 (USD Billion)

CHAPTER 6. ABRASIVES MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

6.1. Regional Market Snapshot
6.2. Definition & Scope
6.3. North America
  6.3.1. Market estimates and forecasts, 2016 - 2027 (USD Billion)
  6.3.2. Market estimates and forecasts, by product, 2016 - 2027 (USD Billion)
  6.3.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Billion)
  6.3.4. The U.S.
    6.3.4.1. Market estimates and forecasts, 2016 - 2027 (USD Billion)
    6.3.4.2. Market estimates and forecasts, by product, 2016 - 2027 (USD Billion)
    6.3.4.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Billion)
6.4. Europe
  6.4.1. Market estimates and forecasts, 2016 - 2027 (USD Billion)
  6.4.2. Market estimates and forecasts, by product, 2016 - 2027 (USD Billion)
  6.4.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Billion)
  6.4.4. Germany
    6.4.4.1. Market estimates and forecasts, 2016 - 2027 (USD Billion)
    6.4.4.2. Market estimates and forecasts, by product, 2016 - 2027 (USD Billion)
    6.4.4.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Billion)
  6.4.5. The U.K.
    6.4.5.1. Market estimates and forecasts, 2016 - 2027 (USD Billion)
    6.4.5.2. Market estimates and forecasts, by product, 2016 - 2027 (USD Billion)
    6.4.5.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Billion)
  6.4.6. Russia
    6.4.6.1. Market estimates and forecasts, 2016 - 2027 (USD Billion)
    6.4.6.2. Market estimates and forecasts, by product, 2016 - 2027 (USD Billion)
    6.4.6.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Billion)
6.5. The Asia Pacific
  6.5.1. Market estimates and forecasts, 2016 - 2027 (USD Billion)
  6.5.2. Market estimates and forecasts, by product, 2016 - 2027 (USD Billion)
  6.5.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Billion)
  6.5.4. China
    6.5.4.1. Market estimates and forecasts, 2016 - 2027 (USD Billion)
    6.5.4.2. Market estimates and forecasts, by product, 2016 - 2027 (USD Billion)
    6.5.4.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Billion)
  6.5.5. Japan
    6.5.5.1. Market estimates and forecasts, 2016 - 2027 (USD Billion)
    6.5.5.2. Market estimates and forecasts, by product, 2016 - 2027 (USD Billion)
    6.5.5.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Billion)
  6.5.6. India
    6.5.6.1. Market estimates and forecasts, 2016 - 2027 (USD Billion)
    6.5.6.2. Market estimates and forecasts, by product, 2016 - 2027 (USD Billion)
    6.5.6.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Billion)
6.6. Central & South America
  6.6.1. Market estimates and forecasts, 2016 - 2027 (USD Billion)
  6.6.2. Market estimates and forecasts, by product, 2016 - 2027 (USD Billion)
  6.6.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Billion)
  6.6.4. Brazil
    6.6.4.1. Market estimates and forecasts, 2016 - 2027 (USD Billion)
    6.6.4.2. Market estimates and forecasts, by product, 2016 - 2027 (USD Billion)
    6.6.4.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Billion)
6.7. The Middle East & Africa
  6.7.1. Market estimates and forecasts, 2016 - 2027 (USD Billion)
  6.7.2. Market estimates and forecasts, by product, 2016 - 2027 (USD Billion)
  6.7.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Billion)

CHAPTER 7. ABRASIVES MARKET - COMPETITIVE ANALYSIS

7.1. Key global players & recent developments & their impact on the industry
7.2. Vendor Landscape
  7.2.1. List of potential end-users
7.3. Company market ranking

CHAPTER 8. COMPANY PROFILES

8.1. 3M Company
  8.1.1. Company Overview
  8.1.2. Financial Performance
  8.1.3. Product Benchmarking
  8.1.4. Strategic Initiatives
8.2. Robert Bosch GMBH
  8.2.1. Company Overview
  8.2.2. Financial Performance
  8.2.3. Product Benchmarking
  8.2.4. Strategic Initiatives
8.3. Compagnie de Saint-Gobain S.A.
  8.3.1. Company Overview
  8.3.2. Financial Performance
  8.3.3. Product Benchmarking
  8.3.4. Strategic Initiatives
8.4. Henkel
  8.4.1. Company Overview
  8.4.2. Financial Performance
  8.4.3. Product Benchmarking
  8.4.4. Strategic Initiatives
8.5. Fujimi Incorporated
  8.5.1. Company Overview
  8.5.2. Financial Performance
  8.5.3. Product Benchmarking
  8.5.4. Strategic Initiatives
8.6. Tyrolit Group
  8.6.1. Company Overview
  8.6.2. Financial Performance
  8.6.3. Product Benchmarking
  8.6.4. Strategic Initiatives
8.7. Asahi Diamond Industrial
  8.7.1. Company Overview
  8.7.2. Financial Performance
  8.7.3. Product Benchmarking
  8.7.4. Strategic Initiatives
8.8. Sak Industries
  8.8.1. Company Overview
  8.8.2. Financial Performance
  8.8.3. Product Benchmarking
  8.8.4. Strategic Initiatives
8.9. Carborundum Universal Limited
  8.9.1. Company Overview
  8.9.2. Financial Performance
  8.9.3. Product Benchmarking
  8.9.4. Strategic Initiatives
8.10. Deerfos
  8.10.1. Company Overview
  8.10.2. Financial Performance
  8.10.3. Product Benchmarking
  8.10.4. Strategic Initiatives

LIST OF TABLES

Table 1. Bonded abrasives market estimates and forecasts, 2016 - 2027 (USD Billion)
Table 2. Coated abrasives market estimates and forecasts, 2016 - 2027 (USD Billion)
Table 3. Abrasives market estimates and forecasts, in automotive & transportation, 2016 - 2027 (USD Billion)
Table 4. Abrasives market estimates and forecasts, in heavy machinery, 2016 - 2027 (USD Billion)
Table 5. Abrasives market estimates and forecasts, in metal fabrication, 2016 - 2027 (USD Billion)
Table 6. Abrasives market estimates and forecasts, in electrical & electronics, 2016 - 2027 (USD Billion)
Table 7. Abrasives market estimates and forecasts, in other applications, 2016 - 2027 (USD Billion)
Table 8. North America abrasives market estimates and forecasts, 2016 - 2027 (USD Billion)
Table 9. North America abrasives market estimates and forecasts, by product, 2016 - 2027 (USD Billion)
Table 10. North America abrasives market estimates and forecasts, by application, 2016 - 2027 (USD Billion)
Table 11. U.S. abrasives market estimates and forecasts, 2016 - 2027 (USD Billion)
Table 12. U.S. abrasives market estimates and forecasts, by product, 2016 - 2027 (USD Billion)
Table 13. U.S. abrasives market estimates and forecasts, by application, 2016 - 2027 (USD Billion)
Table 14. Europe abrasives market estimates and forecasts, 2016 - 2027 (USD Billion)
Table 15. Europe abrasives market estimates and forecasts, by product, 2016 - 2027 (USD Billion)
Table 16. Europe abrasives market estimates and forecasts, by application, 2016 - 2027 (USD Billion)
Table 17. Germany abrasives market estimates and forecasts, 2016 - 2027 (USD Billion)
Table 18. Germany abrasives market estimates and forecasts, by product, 2016 - 2027 (USD Billion)
Table 19. Germany abrasives market estimates and forecasts, by application, 2016 - 2027 (USD Billion)
Table 20. U.K. abrasives market estimates and forecasts, 2016 - 2027 (USD Billion)
Table 21. U.K. abrasives market estimates and forecasts, by product, 2016 - 2027 (USD Billion)
Table 22. U.K. abrasives market estimates and forecasts, by application, 2016 - 2027 (USD Billion)
Table 23. Russia abrasives market estimates and forecasts, 2016 - 2027 (USD Billion)
Table 24. Russia abrasives market estimates and forecasts, by product, 2016 - 2027 (USD Billion)
Table 25. Russia abrasives market estimates and forecasts, by application, 2016 - 2027 (USD Billion)
Table 26. Asia Pacific abrasives market estimates and forecasts, 2016 - 2027 (USD Billion)
Table 27. Asia Pacific abrasives market estimates and forecasts, by product, 2016 - 2027 (USD Billion)
Table 28. Asia Pacific abrasives market estimates and forecasts, by application, 2016 - 2027 (USD Billion)
Table 29. China abrasives market estimates and forecasts, 2016 - 2027 (USD Billion)
Table 30. China abrasives market estimates and forecasts, by product, 2016 - 2027 (USD Billion)
Table 31. China abrasives market estimates and forecasts, by application, 2016 - 2027 (USD Billion)
Table 32. India abrasives market estimates and forecasts, 2016 - 2027 (USD Billion)
Table 33. India abrasives market estimates and forecasts, by product, 2016 - 2027 (USD Billion)
Table 34. India abrasives market estimates and forecasts, by application, 2016 - 2027 (USD Billion)
Table 35. Japan abrasives market estimates and forecasts, 2016 - 2027 (USD Billion)
Table 36. Japan abrasives market estimates and forecasts, by product, 2016 - 2027 (USD Billion)
Table 37. Japan abrasives market estimates and forecasts, by application, 2016 - 2027 (USD Billion)
Table 38. Central & South America abrasives market estimates and forecasts, 2016 - 2027 (USD Billion)
Table 39. Central & South America abrasives market estimates and forecasts, by product, 2016 - 2027 (USD Billion)
Table 40. Central & South America abrasives market estimates and forecasts, by application, 2016 - 2027 (USD Billion)
Table 41. Brazil abrasives market estimates and forecasts, 2016 - 2027 (USD Billion)
Table 42. Brazil abrasives market estimates and forecasts, by product, 2016 - 2027 (USD Billion)
Table 43. Brazil abrasives market estimates and forecasts, by application, 2016 - 2027 (USD Billion)
Table 44. The Middle East & Africa abrasives market estimates and forecasts, 2016 - 2027 (USD Billion)
Table 45. The Middle East & Africa abrasives market estimates and forecasts, by product, 2016 - 2027 (USD Billion)
Table 46. The Middle East & Africa abrasives market estimates and forecasts, by application, 2016 - 2027 (USD Billion)
LIST OF FIGURES

FIG 1. Abrasives market segmentation
FIG 2. Information procurement
FIG 3. Data analysis models
FIG 4. Market formulation and validation
FIG 5. Data validating & publishing
FIG 6. Abrasives market 2016-2027 (Revenue - USD Billion)
FIG 7. Penetration & growth prospect mapping
FIG 8. Value chain analysis
FIG 9. Market driver analysis
FIG 10. Market restraint analysis
FIG 11. Porter’s analysis
FIG 12. PESTEL analysis
FIG 13. Abrasives Market: Product movement analysis, 2019 & 2027
FIG 14. Abrasives market: Application movement analysis, 2019 & 2027
FIG 15. Regional snapshot
FIG 16. Abrasives Market: Regional movement analysis, 2019 & 2027
FIG 17. Abrasives market - Competitive outlook
FIG 18. SWOT Analysis


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