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Global Abrasives Market: Snapshot

The global abrasives market has been rising hand-in-hand with the global machinery, automotive, and metal fabrication industry. The revival of economic growth globally post the economic slowdown of 2007 leading to a sizeable demand for machinery for the rising industrialization and urbanization has played an important role in providing the necessary momentum to the global abrasives market.

On the other hand, acting as a barrier to the growth of the global abrasives market are stringent regulations in place for the use of silica abrasives and volatile prices of raw materials.

In matters of competition, the global abrasives market displays fragmentation with the presence of a large number of global and regional players. Mergers and acquisitions, business alliances, and product innovation are some of the growth strategies that players in this market are focused on to steal a march on their competitors.

As per estimates by a report by Transparency Market Research, the global abrasives market will rise at a CAGR of 5.5% between 2013 and 2019, for the market to reach a valuation of US$51,389.7 mn by the end of 2019. The market was evaluated at US$35,203.6 mn in 2012.

Demand from Abrasive Product Manufacturers to Benefit Loose Abrasive Grains Segment

The global abrasives market is studied on the basis of product, end user, and geography in this report. Depending upon product, the global abrasives market is classified into bonded abrasives, raw superabrasives, loose abrasive grains, coated abrasives, steel abrasives, and others. Of them, the segment of bonded abrasives held the leading share in 2012 with a revenue contribution of US$12, 278.3 mn in the same year.

On the other hand, the segment of raw superabrasives is expected to display the leading growth at a CAGR of 7.7% between 2013 and 2019 vis-à-vis revenue. This is because abrasive product manufacturers are increasingly displaying demand for loose abrasive grains, which in turn is positively influencing the raw superabrasives product segment. In addition, the segment of loose abrasive grains is anticipated to display robust growth in the upcoming years as the demand for loose abrasive grains is on the rise from abrasive product manufacturers.

The segments of the market classified based on end-use are machinery, transportation, metal fabrication, electrical & electronic equipment, and others. Machinery was evaluated as the leading end-use segment in 2012. Expanding at a CAGR of 5.4% between 2013 and 2019, the machinery segment is expected to become worth US$12, 418.5 mn by the end of 2019 from US$8,586.7 mn in 2012.

Metal fabrication is the second-leading end use segment of the global abrasives market. The segments of transportation and electrical and electronic equipment are anticipated to register significant growth in the coming years due to the rapidly increasing demand for automobiles and electrical and electronic appliances across the globe. The others end-use segment that includes medical devices, construction and cleaning and maintenance, and power generation is estimated to display substantial demand for abrasives in the coming years.

High Volume Production of Abrasive Materials in China Makes Asia Pacific Attractive

The key regions into which the global abrasives market is divided are North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific is currently the leading regional market for abrasives and is expected to contribute substantially to the global market. China is the leading domestic market for the production of abrasive materials and abrasive products. Therefore, Asia Pacific will display the leading growth rate over the forecast period between 2013 and 2019.

Leading players in the global abrasives market include Saint Gobain SA, Robert Bosch GmbH, TYROLIT Schleifmittelwerke Swarovski K.G., 3M, DuPont, and Henkel AG & Co. KGaA.

The report covers forecast and analysis for the abrasives market on a global and regional level. The demand forecast is done based on volumes (kilo tons) and revenue (USD million) for the period ranging from 2013 to 2019. The study includes the drivers and restraints for the abrasives market along with the impact they have on the demand over the forecast period. Moreover, the report includes the study of the opportunities available in the abrasives market on a global and regional level. 
 
To give the users of this report a comprehensive view on the abrasives market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of the Porters five forces model for the abrasives market has also been included. The study encompasses a market attractiveness analysis, wherein the product segments are benchmarked based on their market size, growth rate and general attractiveness.
 
The study provides a decisive view on the abrasives market by segmenting the market based on its product segments and end-users. All the products and end user segments have been analyzed based on present and future trends and the market is estimated from 2013 to 2019. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific and Rest of the world (RoW). This segment includes the demand for individual applications and product segments in all the regions.
 
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Saint Gobain SA, 3M, Robert Bosch GmbH, DuPont, TYROLIT Schleifmittelwerke Swarovski K.G. and Henkel AG & Co. KGaA among others. The company profiles include attributes like company overview, financial overview, business strategy, SWOT analysis and recent developments.
 
Inflation is not a part of pricing in this report. Prices of abrasives and its derivatives vary in each region. Hence, a similar volume-to-revenue ratio does not follow for each individual region. The same price for each application has been taken into account while estimating and forecasting market revenue on the global basis. Regional average price has been considered while breaking down this market by end application in each region.
 
This report provides the market size of abrasives for 2011 and 2012, and forecast for the next six years. The global market size of abrasives is given in terms of both volume as well as revenue. Market volumes are defined in kilo tons and market revenue is in USD million. Market numbers are estimated based on various abrasives and key end application markets. Market size and forecast for each major application is provided in the context of the global as well as regional market.
 
For the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by an extensive secondary research. We reviewed key players’ product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations and agencies. This has proven to be the most reliable, effective and successful approach for obtaining precise market data, capturing industry participants’ insights and recognizing business opportunities.
 
Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the typical data types to produce estimates. These data type include demographic data such as population split by segments, macroeconomic indicators such as GDP, inflation rate, etc. and industry indicators such as expenditure, technology stage and infrastructure, sector growth and facilities. This data is then cross-checked by an expert panel.
 
Abrasives Market: Product Segment Analysis
  • Bonded abrasives
  • Coated abrasives
  • Raw superabrasives
  • Steel abrasives
  • Loose abrasive grains 
  • Others (Including nonwoven abrasives, etc.)
Abrasives Market: End-user Analysis
  • Machinery
  • Electrical & electronic equipment
  • Transportation 
  • Metal fabrication
  • Others (Including construction, medical devices, power generation, cleaning and maintenance, etc.)
Abrasives Market: Regional Analysis
  • North America
  • Europe
  • Asia Pacific
  • RoW (South America, Africa and the Middle East)

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Table of Content
 
Chapter 1 Preface
1.1 Report description
1.2 Market segmentation
      1.2.1 Global abrasives market segmentation, product segment, end-user and region
1.3 Research scope
      1.3.1 Assumptions
1.4 Research methodology
 
Chapter 2 Executive summary
2.1 Global abrasives market, 2012 - 2019 (Kilo Tons) (USD Million)
 
Chapter 3 Abrasives – Industry Analysis
3.1 Introduction
3.2 Value chain analysis
3.3 Market Drivers
      3.3.1 Rising demand for automobiles
               3.3.1.1 Global automotive market (cars & commercial vehicles) volume, 2012 – 2019, (Million Units)
      3.3.2 Increasing production of electronic equipment
               3.3.2.1 Global electronics production, 2012 – 2019, (USD Billion)
      3.3.3 Growing medical device market
               3.3.3.1 Global medical device market revenue, 2012 – 2019, (USD Billion)
3.4 Restraints
      3.4.1 Stringent government restrictions on the use of silica abrasives
      3.4.2 Volatile raw material prices
3.5 Opportunity
      3.5.1 Increasing use of garnet in water jet cutting and abrasive blast cleaning
3.6 Porter’s five forces analysis
      3.6.1 Bargaining power of suppliers
      3.6.2 Bargaining power of buyers
      3.6.3 Threat from new entrants
      3.6.4 Threat from substitutes
      3.6.5 Degree of competition
3.7 Market attractiveness analysis
      3.7.1 Global abrasives market attractiveness, by product segment, 2012
3.8 Company market share analysis
      3.8.1 Global abrasives market share, by company, 2012
 
Chapter 4 Global Abrasives Market– Product Segment Analysis
4.1 Global abrasives market : Industry analysis by product segment
      4.1.1 Global abrasives market volumes share, by product segment, 2012 and 2019
4.2 Global abrasives market, by product segment, 2012 – 2019
      4.2.1 Bonded abrasives
               4.2.1.1 Global bonded abrasives market for bonded abrasives, 2012 - 2019 (Kilo Tons) (USD Million)
      4.2.2 Coated abrasives
               4.2.2.1 Global abrasives market for coated abrasives, 2012 - 2019 (Kilo Tons) (USD Million)
      4.2.3 Raw superabrasives
               4.2.3.1 Global abrasives market for raw superabrasives, 2012 - 2019 (Kilo Tons) (USD Million)
      4.2.4 Steel abrasives
               4.2.4.1 Global abrasives market for steel abrasives, 2012 - 2019 (Kilo Tons) (USD Million)
      4.2.5 Loose abrasive grains
               4.2.5.1 Global abrasives market for loose abrasive grains, 2012 - 2019 (Kilo Tons) (USD Million)
      4.2.6 Others
               4.2.6.1 Global abrasives market for other abrasives, 2012 - 2019 (Kilo Tons) (USD Million)
 
Chapter 5 Global Abrasives Market – End-user Analysis
5.1 Global abrasives market: Industry analysis by end-user
      5.1.1 Global abrasives market volume share, by end-user, 2012 and 2019
      5.1.2 Machinery
               5.1.2.1 Global abrasives market for machinery, 2012 - 2019 (Kilo Tons) (USD Million)
      5.1.3 Electrical and electronic equipment
               5.1.3.1 Global abrasives market for electrical and electronic equipment, 2012 - 2019 (Kilo Tons) (USD Million)
      5.1.4 Transportation
               5.1.4.1 Global abrasives market for transportation, 2012 - 2019 (Kilo Tons) (USD Million)
      5.1.5 Metal fabrication
               5.1.5.1 Global abrasives market for metal fabrication, 2012 - 2019 (Kilo Tons) (USD Million)
      5.1.6 Others
               5.1.6.1 Global abrasives market for other end-users, 2012 - 2019 (Kilo Tons) (USD Million)
 
Chapter 6 Global Abrasives Market - Regional Analysis
6.1 Global abrasives market: Regional overview
6.1.1 Global abrasives market volume share, by region, 2012 and 2019
6.2 North America
      6.2.1 North America abrasives market volume, by product segment, 2012 – 2019 (Kilo Tons)
      6.2.2 North America abrasives market revenue, by product segment, 2012 – 2019 (USD Million)
      6.2.3 North America abrasives market volume, by end-user, 2012 – 2019 (Kilo Tons)
      6.2.4 North America abrasives market revenue, by end-user, 2012 – 2019 (USD Million)
6.3 Europe
      6.3.1 Europe abrasives market volume, by product segment, 2012 – 2019 (Kilo Tons)
      6.3.2 Europe abrasives market revenue, by product segment, 2012 – 2019 (USD Million)
      6.3.3 Europe abrasives market volume, by end-user, 2012 – 2019 (Kilo Tons)
      6.3.4 Europe abrasives market revenue, by end-user, 2012 – 2019 (USD Million)
6.4 Asia Pacific
      6.4.1 Asia Pacific abrasives market volume, by product segment, 2012 – 2019 (Kilo Tons)
      6.4.2 Asia Pacific abrasives market revenue, by product segment, 2012 – 2019 (USD Million)
      6.4.3 Asia Pacific abrasives market volume, by end-user, 2012 – 2019 (Kilo Tons)
      6.4.4 Asia Pacific abrasives market revenue, by end-user, 2012 – 2019 (USD Million)
6.5 RoW
      6.5.1 RoW abrasives market volume, by product segment, 2012 – 2019 (Kilo Tons)
      6.5.2 RoW abrasives market revenue, by product segment, 2012 – 2019 (USD Million)
      6.5.3 RoW abrasives market volume, by end-user, 2012 – 2019 (Kilo Tons)
      6.5.4 RoW abrasives market revenue, by end-user, 2012 – 2019 (USD Million)
 
Chapter 7 Company Profiles
7.1 Saint-Gobain Abrasives
      7.1.1 Company overview
      7.1.2 Product portfolio
      7.1.3 Financial overview
      7.1.4 Business strategies
      7.1.5 SWOT analysis
      7.1.6 Recent developments
7.2 3M
      7.2.1 Company overview
      7.2.2 Product portfolio
      7.2.3 Financial overview
      7.2.4 Business strategy
      7.2.5 SWOT analysis
      7.2.6 Recent developments
7.3 Robert Bosch GmbH
      7.3.1 Company overview
      7.3.2 Product portfolio
      7.3.3 Financial overview
      7.3.4 Business strategies
      7.3.5 SWOT analysis
      7.3.6 Recent developments
7.4 DuPont
      7.4.1 Company overview
      7.4.2 Product portfolio
      7.4.3 Financial overview
      7.4.4 Business strategy
      7.4.5 SWOT analysis
      7.4.6 Recent developments
7.5 Tyrolit Schleifmittelwerke Swarovski K.G.
      7.5.1 Company overview
      7.5.2 Product portfolio
      7.5.3 Financial overview
      7.5.4 Business strategies
      7.5.5 SWOT analysis
      7.5.6 Recent developments
7.6 Henkel AG & Co. KGaA
      7.6.1 Company overview
      7.6.2 Product portfolio
      7.6.3 Financial overview
      7.6.4 Business strategies
      7.6.5 SWOT analysis
      7.6.6 Recent developments
7.7 Cabot Microelectronics Corporation
      7.7.1 Company overview
      7.7.2 Product portfolio
      7.7.3 Financial overview
      7.7.4 Business strategies
      7.7.5 SWOT analysis
      7.7.6 Recent developments
7.8 Asahi Diamond Industrial Co., Ltd.
      7.8.1 Company overview
      7.8.2 Product portfolio
      7.8.3 Financial overview
      7.8.4 Business strategies
      7.8.5 SWOT analysis
      7.8.6 Recent developments
7.9 Almatis GmbH
      7.9.1 Company overview
      7.9.2 Product portfolio
      7.9.3 Financial overview
      7.9.4 Business strategies
      7.9.5 SWOT analysis
      7.9.6 Recent developments
7.10 Fujimi Incorporated
      7.10.1 Company overview
      7.10.2 Product portfolio
      7.10.3 Financial overview
      7.10.4 Business strategies
      7.10.5 SWOT analysis
      7.10.6 Recent developments
7.11 Carborundum Universal Limited
      7.11.1 Company overview
      7.11.2 Product portfolio
      7.11.3 Financial overview
      7.11.4 Business strategies
      7.11.5 SWOT analysis
      7.11.6 Recent developments
7.12 Jason Incorporated
      7.12.1 Company overview
      7.12.2 Product portfolio
      7.12.3 Financial overview
      7.12.4 Business strategies
      7.12.5 SWOT analysis
      7.12.6 Recent developments
List of Tables
 
TABLE 1 Global abrasives market: Snapshot
TABLE 2 Drivers for abrasives market: Impact analysis
TABLE 3 Restraints for abrasives market: Impact analysis
TABLE 4 North America abrasives market volume, by product segment, 2012 – 2019 (Kilo Tons)
TABLE 5 North America abrasives market revenue, by product segment, 2012 - 2019 (USD Million)
TABLE 6 North America abrasives market volume, by end-user, 2012 - 2019 (Kilo Tons)
TABLE 7 North America abrasives market revenue, by end-user, 2012 - 2019 (USD Million)
TABLE 8 Europe abrasives market volume, by product segment, 2012 - 2019 (Kilo Tons)
TABLE 9 Europe abrasives market revenue, by product segment, 2012 - 2019 (USD Million)
TABLE 10 Europe abrasives market volume, by end-user, 2012 - 2019 (Kilo Tons)
TABLE 11 Europe abrasives market revenue, by end-user, 2012 - 2019 (USD Million)
TABLE 12 Asia Pacific abrasives market volume, by product segment, 2012 - 2019 (Kilo Tons)
TABLE 13 Asia Pacific abrasives market revenue, by product segment, 2012 - 2019 (USD Million)
TABLE 14 Asia Pacific abrasives market volume, by end-user, 2012 - 2019 (Kilo Tons)
TABLE 15 Asia Pacific abrasives market revenue, by end-user, 2012 - 2019 (USD Million)
TABLE 16 RoW abrasives market volume, by product segment, 2012 - 2019 (Kilo Tons)
TABLE 17 RoW abrasives market revenue, by product segment, 2012 - 2019 (USD Million)
TABLE 18 RoW abrasives market volume, by end-user, 2012 - 2019 (Kilo Tons)
TABLE 19 RoW abrasives market revenue, by end-user, 2012 - 2019 (USD Million)
List of Figures 
 
FIG. 1 Global abrasives market segmentation, product segment, end-user and region
FIG. 2 Global abrasives market, 2012 - 2019 (Kilo Tons) (USD Million)
FIG. 3 Abrasives: Value chain analysis
FIG. 4 Global automotive market (cars & commercial vehicles) volume, 2012 – 2019, (Million Units)
FIG. 5 Global electronics production, 2012 – 2019, (USD Billion)
FIG. 6 Global medical device market revenue, 2012 – 2019, (USD Billion)
FIG. 7 Porter’s five forces analysis for abrasives
FIG. 8 Abrasives: Market attractiveness analysis
FIG. 9 Global abrasives market share, by company, 2012
FIG. 10 Global abrasives market volumes share, by product segment, 2012 and 2019
FIG. 11 Global abrasives market for bonded abrasives, 2012 - 2019 (Kilo Tons) (USD Million)
FIG. 12 Global abrasives market for coated abrasives, 2012 - 2019 (Kilo Tons) (USD Million)
FIG. 13 Global abrasives market for raw superabrasives, 2012 - 2019 (Kilo Tons) (USD Million)
FIG. 14 Global abrasives market for steel abrasives, 2012 - 2019 (Kilo Tons) (USD Million)
FIG. 15 Global abrasives market for loose abrasive grains , 2012 - 2019 (Kilo Tons) (USD Million)
FIG. 16 Global abrasives market for other abrasives, 2012 - 2019 (Kilo Tons) (USD Million)
FIG. 17 Global abrasives market volume share, by end-user, 2012 and 2019
FIG. 18 Global abrasives market for machinery, 2012 - 2019 (Kilo Tons) (USD Million)
FIG. 19 Global abrasives market for electrical and electronic equipment, 2012 - 2019 (Kilo Tons) (USD Million)
FIG. 20 Global abrasives market for transportation, 2012 - 2019 (Kilo Tons) (USD Million)
FIG. 21 Global abrasives market for metal fabrication, 2012 - 2019 (Kilo Tons) (USD Million)
FIG. 22 Global abrasives market for other end-users, 2012 - 2019 (Kilo Tons) (USD Million)
FIG. 23 Global abrasives market volume share, by region, 2012 and 2019

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