Australia Abrasives Market Size, Share & Trends Analysis Report By Product (Bonded, Coated, Super Abrasive), By Application (Automotive, Machinery, Metal Fabrication), By Region, And Segment Forecasts, 2020 - 2027
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Australia Abrasives Market Growth & Trends
The Australia abrasives market size is anticipated to reach $509.7 Million by 2027, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 2.2% in terms of revenue, during the forecast period. The increasing utilization of abrasives for the high-quality surface finish in automotive and oil and gas are expected to propel market growth.
Abrasives are used in automotive, transportation, electronics, and manufacturing industries to smoothen surfaces during component manufacturing, to shape materials through grinding, to remove surface layers of paint or corrosion, to cut hard materials made of steel or concrete, and to polish finished products.
Super abrasives segment is expected to register the fastest CAGR across the forecast period on account of its super properties. It offers longer product life and machine downtime, shorter cycle times, thereby reducing machining costs for customers. Its high cost is one of the restraints in its demand; however, its performance is much better than others especially for hard surfaces.
The oil and gas industry is one of the end-users of the product. Surface finish is an important factor that ensures an appropriate barrier coating to oil and gas materials to protect from corrosion and reduce maintenance costs. The use of appropriate abrasive ensures the desired surface finish on large metal structures used in oil and gas exploration. Australia’s oil and gas extraction industry’s GVA was AUD 31.4 billion in 2018.
The oil and gas industry is witnessing growth in Australia, which is expected to propel the demand for abrasives. For example, in June 2020, Saunders International won the contract of $12 million for upgrading and mechanical refurbishment of two tanks of BP, which are located in Queensland. Post this the company shall work for BP in the Bulwer Full Fuel project for which it will refurbish three tanks and two piping projects.
Automotive is the major end-use segment for abrasives in the country. The rise in vehicle registrations in the country indicates increasing demand for cars, thereby, the potential growth for the automotive aftermarket. The motor vehicle registrations increased from 2019 to 2020 in all Australian states except for Northern Territory. Tasmania witnessed the highest number of registrations, an increase of 2.6% as of January 2020 from 2019.
Abrasives are largely used in the aftermarket by mechanics and repair shops. Although, on account of the COVID-19 pandemic, 83% of automotive service and repair workshops have reported a decrease in revenue, according to a survey by the Australian Aftermarket Association. The sector is one of the largest employers in the country with over 150 thousand people and 23 thousand small businesses and a decline in its revenue shall have major implications on economic growth.
Australia Abrasives Market Report Highlights
Australia Abrasives Market Growth & Trends
The Australia abrasives market size is anticipated to reach $509.7 Million by 2027, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 2.2% in terms of revenue, during the forecast period. The increasing utilization of abrasives for the high-quality surface finish in automotive and oil and gas are expected to propel market growth.
Abrasives are used in automotive, transportation, electronics, and manufacturing industries to smoothen surfaces during component manufacturing, to shape materials through grinding, to remove surface layers of paint or corrosion, to cut hard materials made of steel or concrete, and to polish finished products.
Super abrasives segment is expected to register the fastest CAGR across the forecast period on account of its super properties. It offers longer product life and machine downtime, shorter cycle times, thereby reducing machining costs for customers. Its high cost is one of the restraints in its demand; however, its performance is much better than others especially for hard surfaces.
The oil and gas industry is one of the end-users of the product. Surface finish is an important factor that ensures an appropriate barrier coating to oil and gas materials to protect from corrosion and reduce maintenance costs. The use of appropriate abrasive ensures the desired surface finish on large metal structures used in oil and gas exploration. Australia’s oil and gas extraction industry’s GVA was AUD 31.4 billion in 2018.
The oil and gas industry is witnessing growth in Australia, which is expected to propel the demand for abrasives. For example, in June 2020, Saunders International won the contract of $12 million for upgrading and mechanical refurbishment of two tanks of BP, which are located in Queensland. Post this the company shall work for BP in the Bulwer Full Fuel project for which it will refurbish three tanks and two piping projects.
Automotive is the major end-use segment for abrasives in the country. The rise in vehicle registrations in the country indicates increasing demand for cars, thereby, the potential growth for the automotive aftermarket. The motor vehicle registrations increased from 2019 to 2020 in all Australian states except for Northern Territory. Tasmania witnessed the highest number of registrations, an increase of 2.6% as of January 2020 from 2019.
Abrasives are largely used in the aftermarket by mechanics and repair shops. Although, on account of the COVID-19 pandemic, 83% of automotive service and repair workshops have reported a decrease in revenue, according to a survey by the Australian Aftermarket Association. The sector is one of the largest employers in the country with over 150 thousand people and 23 thousand small businesses and a decline in its revenue shall have major implications on economic growth.
Australia Abrasives Market Report Highlights
- Super abrasives expected to witness the highest growth rate of 2.8%, in terms of volume, over the forecast period owing to its superior properties over other product types in surface finishing
- Bonded constituted the largest revenue share of over 60.0% in 2019. High preference for the product over coated and super abrasives in automotive and construction industries on account of its properties and less cost
- Automotive anticipated registering growth rate of 2.0% in terms of revenue across the forecast period, which is attributable to the auto service and repair shops in the country
- Segments including machinery, metal fabrication, and E&E equipment expected to witness a high CAGR in terms of revenue, owing to the use of super abrasives in their applications
- The manufacturing sector is a minor contributor to the GDP of the country, which is further hit hard on account of the COVID-19 pandemic. As a result, the demand for abrasives in the manufacturing sector of Australia is expected to remain low
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. AUSTRALIA ABRASIVES MARKET VARIABLES, TRENDS & SCOPE
3.1. Market Outlook
3.1.1. Global abrasives market
3.1.2. Australia abrasives market
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Raw Material Trends
3.3.2. Manufacturing Trends
3.3.3. Sales Channel Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.6. Business Environment Analysis: Australia Abrasives market
3.6.1. Industry Analysis - Porter’s
3.6.2. PESTEL Analysis
CHAPTER 4. AUSTRALIA ABRASIVES MARKET: PRODUCT TYPE ESTIMATES & TREND ANALYSIS
4.1. Definition & Scope
4.2. Product Type 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 (Kilotons) (USD Million)
4.3.2. Coated
4.3.2.1. Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
4.3.3. Super abrasive
4.3.3.1. Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
CHAPTER 5. AUSTRALIA 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
5.3.1.1. Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.3.2. Machinery
5.3.2.1. Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.3.3. Metal Fabrication
5.3.3.1. Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.3.4. E&E Equipment
5.3.4.1. Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.3.5. Others
5.3.5.1. Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
CHAPTER 6. AUSTRALIA ABRASIVES MARKET - COMPETITIVE ANALYSIS
6.1. Competitive Outlook
6.2. Key players & recent developments & their impact on the industry
6.3. Vendor Landscape
6.3.1. List of other prominent vendors
6.3.2. List of raw material suppliers/manufacturers and distributors
6.3.3. List of potential customers
6.4. SWOT (top public companies)
CHAPTER 7. COMPANY PROFILES
7.1. 3M
7.1.1. Company Overview
7.1.2. Financial Performance
7.1.3. Product Benchmarking
7.1.4. Strategic Initiatives
7.2. 111 Abrasives Australia Pty Ltd.
7.2.1. Company Overview
7.2.2. Product Benchmarking
7.2.3. Strategic Initiatives
7.3. Best Abrasives
7.3.1. Company Overview
7.3.2. Product Benchmarking
7.3.3. Strategic Initiatives
7.4. GMA Garnet Group
7.4.1. Company Overview
7.4.2. Product Benchmarking
7.4.3. Strategic Initiatives
7.5. Hermes Abrasives Australia Pty Ltd
7.5.1. Company Overview
7.5.2. Product Benchmarking
7.5.3. Strategic Initiatives
7.6. PFERD Australia Pty Ltd
7.6.1. Company Overview
7.6.2. Product Benchmarking
7.6.3. Strategic Initiatives
7.7. Saint-Gobain
7.7.1. Company Overview
7.7.2. Financial Performance
7.7.3. Product Benchmarking
7.7.4. Strategic Initiatives
7.8. sia Abrasives Industries AG
7.8.1. Company Overview
7.8.2. Product Benchmarking
7.8.3. Strategic Initiatives
7.9. Superabrasive Inc.
7.9.1. Company Overview
7.9.2. Product Benchmarking
7.9.3. Strategic Initiatives
7.10. Workmate Abrasives
7.10.1. Company Overview
7.10.2. Product Benchmarking
7.10.3. Strategic Initiatives
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. AUSTRALIA ABRASIVES MARKET VARIABLES, TRENDS & SCOPE
3.1. Market Outlook
3.1.1. Global abrasives market
3.1.2. Australia abrasives market
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Raw Material Trends
3.3.2. Manufacturing Trends
3.3.3. Sales Channel Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.6. Business Environment Analysis: Australia Abrasives market
3.6.1. Industry Analysis - Porter’s
3.6.2. PESTEL Analysis
CHAPTER 4. AUSTRALIA ABRASIVES MARKET: PRODUCT TYPE ESTIMATES & TREND ANALYSIS
4.1. Definition & Scope
4.2. Product Type 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 (Kilotons) (USD Million)
4.3.2. Coated
4.3.2.1. Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
4.3.3. Super abrasive
4.3.3.1. Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
CHAPTER 5. AUSTRALIA 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
5.3.1.1. Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.3.2. Machinery
5.3.2.1. Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.3.3. Metal Fabrication
5.3.3.1. Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.3.4. E&E Equipment
5.3.4.1. Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
5.3.5. Others
5.3.5.1. Market estimates & forecasts, 2016 - 2027 (Kilotons) (USD Million)
CHAPTER 6. AUSTRALIA ABRASIVES MARKET - COMPETITIVE ANALYSIS
6.1. Competitive Outlook
6.2. Key players & recent developments & their impact on the industry
6.3. Vendor Landscape
6.3.1. List of other prominent vendors
6.3.2. List of raw material suppliers/manufacturers and distributors
6.3.3. List of potential customers
6.4. SWOT (top public companies)
CHAPTER 7. COMPANY PROFILES
7.1. 3M
7.1.1. Company Overview
7.1.2. Financial Performance
7.1.3. Product Benchmarking
7.1.4. Strategic Initiatives
7.2. 111 Abrasives Australia Pty Ltd.
7.2.1. Company Overview
7.2.2. Product Benchmarking
7.2.3. Strategic Initiatives
7.3. Best Abrasives
7.3.1. Company Overview
7.3.2. Product Benchmarking
7.3.3. Strategic Initiatives
7.4. GMA Garnet Group
7.4.1. Company Overview
7.4.2. Product Benchmarking
7.4.3. Strategic Initiatives
7.5. Hermes Abrasives Australia Pty Ltd
7.5.1. Company Overview
7.5.2. Product Benchmarking
7.5.3. Strategic Initiatives
7.6. PFERD Australia Pty Ltd
7.6.1. Company Overview
7.6.2. Product Benchmarking
7.6.3. Strategic Initiatives
7.7. Saint-Gobain
7.7.1. Company Overview
7.7.2. Financial Performance
7.7.3. Product Benchmarking
7.7.4. Strategic Initiatives
7.8. sia Abrasives Industries AG
7.8.1. Company Overview
7.8.2. Product Benchmarking
7.8.3. Strategic Initiatives
7.9. Superabrasive Inc.
7.9.1. Company Overview
7.9.2. Product Benchmarking
7.9.3. Strategic Initiatives
7.10. Workmate Abrasives
7.10.1. Company Overview
7.10.2. Product Benchmarking
7.10.3. Strategic Initiatives
LIST OF TABLES
Table 1. Australia abrasives market estimates and forecasts, by bonded, 2016 - 2027 (Kilotons) (USD Million)
Table 2. Australia abrasives market estimates and forecasts, by coated, 2016 - 2027 (Kilotons) (USD Million)
Table 3. Australia abrasives market estimates and forecasts, by super abrasive, 2016 - 2027 (Kilotons) (USD Million)
Table 4. Australia abrasives market estimates and forecasts, in automotive, 2016 - 2027 (Kilotons) (USD Million)
Table 5. Australia abrasives market estimates and forecasts, in machinery, 2016 - 2027 (Kilotons) (USD Million)
Table 6. Australia abrasives market estimates and forecasts, in metal fabrication, 2016 - 2027 (Kilotons) (USD Million)
Table 7. Australia abrasives market estimates and forecasts, in E&E equipment, 2016 - 2027 (Kilotons) (USD Million)
Table 8. Australia abrasives market estimates and forecasts, in other applications, 2016 - 2027 (Kilotons) (USD Million)
Table 9. List of other prominent manufacturers
Table 10. List of raw material suppliers/manufacturers and distributors
Table 11. List of potential customers
Table 1. Australia abrasives market estimates and forecasts, by bonded, 2016 - 2027 (Kilotons) (USD Million)
Table 2. Australia abrasives market estimates and forecasts, by coated, 2016 - 2027 (Kilotons) (USD Million)
Table 3. Australia abrasives market estimates and forecasts, by super abrasive, 2016 - 2027 (Kilotons) (USD Million)
Table 4. Australia abrasives market estimates and forecasts, in automotive, 2016 - 2027 (Kilotons) (USD Million)
Table 5. Australia abrasives market estimates and forecasts, in machinery, 2016 - 2027 (Kilotons) (USD Million)
Table 6. Australia abrasives market estimates and forecasts, in metal fabrication, 2016 - 2027 (Kilotons) (USD Million)
Table 7. Australia abrasives market estimates and forecasts, in E&E equipment, 2016 - 2027 (Kilotons) (USD Million)
Table 8. Australia abrasives market estimates and forecasts, in other applications, 2016 - 2027 (Kilotons) (USD Million)
Table 9. List of other prominent manufacturers
Table 10. List of raw material suppliers/manufacturers and distributors
Table 11. List of potential customers
LIST OF FIGURES
Fig. 1 Australia 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 Australia abrasives market 2016 - 2027 (Revenue - USD Million; Volume - Kilotons)
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 Australia Abrasives market: Application movement analysis, 2019 & 2027
Fig. 14 Australia Abrasives market: Product movement analysis, 2019 & 2027
Fig. 15 Australia Abrasives market - Competitive outlook
Fig. 16 SWOT Analysis
Fig. 1 Australia 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 Australia abrasives market 2016 - 2027 (Revenue - USD Million; Volume - Kilotons)
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 Australia Abrasives market: Application movement analysis, 2019 & 2027
Fig. 14 Australia Abrasives market: Product movement analysis, 2019 & 2027
Fig. 15 Australia Abrasives market - Competitive outlook
Fig. 16 SWOT Analysis
