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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)

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