Global Abrasive Product
Market Report
2025
The global Abrasive Product market size will be USD 43256.6 million in 2024. Increasing demand for high-performance materials in industries like automotive and manufacturing is expected to boost sales to USD 60866.38 million by 2031, with a Compound Annual Growth Rate (CAGR) of 5.00% from 2024 to 2031.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Abrasive Product market size will be USD 43256.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Abrasive Product Market Sales Revenue | 121212 | $ 43256.6 Million | 121212 | 121212 | 121212 | 5% |
North America Abrasive Product Market Sales Revenue | 121212 | $ 17302.6 Million | 121212 | 121212 | 121212 | 3.2% |
Mexico Abrasive Product Market Sales Revenue | 121212 | $ 1574.54 Million | 121212 | 121212 | 121212 | 3.7% |
Canada Abrasive Product Market Sales Revenue | 121212 | $ 2076.32 Million | 121212 | 121212 | 121212 | 4% |
United States Abrasive Product Market Sales Revenue | 121212 | $ 13651.8 Million | 121212 | 121212 | 121212 | 3% |
Europe Abrasive Product Market Sales Revenue | 121212 | $ 12977 Million | 121212 | 121212 | 121212 | 3.5% |
Italy Abrasive Product Market Sales Revenue | 121212 | $ 1116.02 Million | 121212 | 121212 | 121212 | 2.9% |
Germany Abrasive Product Market Sales Revenue | 121212 | $ 2569.44 Million | 121212 | 121212 | 121212 | 3.7% |
France Abrasive Product Market Sales Revenue | 121212 | $ 1193.88 Million | 121212 | 121212 | 121212 | 2.7% |
Spain Abrasive Product Market Sales Revenue | 121212 | $ 1064.11 Million | 121212 | 121212 | 121212 | 2.6% |
United Kingdom Abrasive Product Market Sales Revenue | 121212 | $ 2180.13 Million | 121212 | 121212 | 121212 | 4.3% |
Russia Abrasive Product Market Sales Revenue | 121212 | $ 2011.43 Million | 121212 | 121212 | 121212 | 2.5% |
Rest of Europe Abrasive Product Market Sales Revenue | 121212 | $ 2011.43 Million | 121212 | 121212 | 121212 | 2.2% |
Asia Pacific Abrasive Product Market Sales Revenue | 121212 | $ 9949.02 Million | 121212 | 121212 | 121212 | 7% |
Korea Abrasive Product Market Sales Revenue | 121212 | $ 994.9 Million | 121212 | 121212 | 121212 | 6.1% |
Japan Abrasive Product Market Sales Revenue | 121212 | $ 1372.96 Million | 121212 | 121212 | 121212 | 5.5% |
China Abrasive Product Market Sales Revenue | 121212 | $ 4477.06 Million | 121212 | 121212 | 121212 | 6.5% |
Australia Abrasive Product Market Sales Revenue | 121212 | $ 517.35 Million | 121212 | 121212 | 121212 | 6.7% |
India Abrasive Product Market Sales Revenue | 121212 | $ 1193.88 Million | 121212 | 121212 | 121212 | 8.8% |
Rest of APAC Abrasive Product Market Sales Revenue | 121212 | $ 706.38 Million | 121212 | 121212 | 121212 | 6.8% |
South America Abrasive Product Market Sales Revenue | 121212 | $ 2162.83 Million | 121212 | 121212 | 121212 | 4.4% |
Peru Abrasive Product Market Sales Revenue | 121212 | $ 177.35 Million | 121212 | 121212 | 121212 | 4.6% |
Colombia Abrasive Product Market Sales Revenue | 121212 | $ 192.49 Million | 121212 | 121212 | 121212 | 4.2% |
Argentina Abrasive Product Market Sales Revenue | 121212 | $ 363.36 Million | 121212 | 121212 | 121212 | 5.3% |
Brazil Abrasive Product Market Sales Revenue | 121212 | $ 925.69 Million | 121212 | 121212 | 121212 | 5% |
Chile Abrasive Product Market Sales Revenue | 121212 | $ 155.72 Million | 121212 | 121212 | 121212 | 4.7% |
Rest of South America Abrasive Product Market Sales Revenue | 121212 | $ 348.22 Million | 121212 | 121212 | 121212 | 3.5% |
Middle East and Africa Abrasive Product Market Sales Revenue | 121212 | $ 865.13 Million | 121212 | 121212 | 121212 | 4.7% |
Turkey Abrasive Product Market Sales Revenue | 121212 | $ 74.4 Million | 121212 | 121212 | 121212 | 4.2% |
Egypt Abrasive Product Market Sales Revenue | 121212 | $ 90.84 Million | 121212 | 121212 | 121212 | 5% |
Rest of MEA Abrasive Product Market Sales Revenue | 121212 | $ 102.09 Million | 121212 | 121212 | 121212 | 3.7% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type Outlook: |
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Market Split by Application Outlook: |
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Market Split by Raw Material Outlook: |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:
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Market Restrains:
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Market Trends:
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Abrasive Product Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The abrasive product market is a key segment in the manufacturing industry, comprising materials used to wear down, smooth, or finish surfaces. Abrasive products are vital in various industries, including automotive, aerospace, construction, metalworking, and electronics. These products come in different forms, such as abrasive wheels, belts, discs, powders, and pastes, and are made from materials like aluminium oxide, silicon carbide, and diamond. The growing demand for high-quality finishes and precision in manufacturing processes has driven market expansion. Technological advancements, including the development of more efficient abrasives, are contributing to the market's growth. Additionally, the rise in demand for consumer goods, coupled with the growing automotive and construction industries, is propelling the need for abrasive products. While market growth is promising, challenges such as raw material shortages and environmental concerns over waste disposal continue to impact the industry. Despite this, the abrasive product market remains integral to various industrial applications.
In February 2022, Carborundum Universal Ltd (CUMI), through its subsidiary CUMI Abrasives GmbH, based in Germany, announced a contract to purchase a 100% stake in RHODIUS Abrasives. This acquisition is expected to enhance the geographical expanse of the company. (Source: https://www.cumi-murugappa.com/wp-content/themes/CUMI/pdf/ise/oi/2021-22/02.02.2022-Acquisition-Rhodius-Abrasives.pdf)
The increasing industrialization and expansion of manufacturing sectors, particularly in automotive, aerospace, and electronics, are key driving factors for the abrasive product market. Abrasive products are essential in processes such as grinding, polishing, finishing, and surface preparation across a wide array of industries. As demand for precision and high-performance components increases, manufacturers are turning to abrasives for their ability to achieve superior surface finishes and high tolerance levels. Additionally, technological advancements in machinery and manufacturing methods have further enhanced the performance and efficiency of abrasive materials. With the rise of automation and the need for faster production times, abrasive products play a critical role in improving productivity and quality control. This trend is expected to continue as industries demand ever-higher standards in product performance, durability, and appearance, driving the abrasive products market forward. For instance, Tyrolit Group acquired Acme Holding Company, a U.S.-based abrasives manufacturer in Michigan. This move integrates grinding with speciality abrasives solutions and expands the company's business portfolio. The acquisition brings the company's total facilities in the US to seven and will better serve industries such as foundry, steel, and rail.
The growing demand for consumer goods and electronic products, such as smartphones, tablets, and household appliances, has contributed to the rapid growth of the abrasive products market. These products require various abrasive materials for processes like polishing, coating, and surface treatment to ensure high-quality finishes, durability, and aesthetics. The electronics industry's shift toward miniaturization and precision manufacturing also plays a significant role in this growth, as abrasives are required for delicate processes like wafer thinning, polishing of glass screens, and the finishing of intricate components. The increasing use of abrasives in consumer goods production, such as appliances and furniture, is also notable, as these industries require abrasives for surface finishing, cleaning, and polishing to improve product appeal.
The abrasive product industry, particularly for products like abrasive blasting materials and certain synthetic abrasives, faces growing concerns over their environmental impact. Non-biodegradable waste, toxicity, and dust generation during the usage of abrasives can lead to health and environmental hazards. Governments in various regions are imposing stricter regulations regarding the disposal and recycling of abrasive products. These regulations increase operational costs for manufacturers and restrict market growth, especially in sectors where environmental compliance is difficult to achieve.
The COVID-19 pandemic disrupted the abrasive product market by causing production delays, supply chain disruptions, and a reduction in industrial activities. Many sectors, including automotive, construction, and aerospace, saw a decline in demand due to lockdowns and reduced operations. The global economic slowdown also led to decreased spending on industrial tools and machinery, further affecting the market. Supply chain constraints limited access to raw materials, delaying the manufacturing of abrasive products. However, as economies began recovering and industries resumed operations, the market gradually regained momentum.
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The abrasive product market is highly competitive, with key players focusing on technological innovation, product diversification, and strategic acquisitions to maintain their market share. Smaller players also contribute by offering specialized or niche abrasive products. The market is characterized by high competition in terms of quality, cost, and product performance. Additionally, the growing demand for environmentally friendly abrasives is influencing companies to adapt and innovate, fostering competition in the development of sustainable solutions.
In August 2023, VSM Abrasives, a leading Germany-based coated abrasives player in metal and wood materials, celebrated the expansion of their installed capacity at existing manufacturing facility with a new facility spreading across 50,000 square feet. (Source: https://www.us.vsmabrasives.com/service/news/vsm-abrasives-celebrates-opening-of-new-expansion) In November 2023, Klöckner & Co. announced the acquisition of a U.S.-based metal fabricator, Industrial Manufacturing Services (IMS). This strategic deal was part of the vertical integration and expansion of the fabrication portfolio amid the growth of the fabrication businesses. This acquisition further aims to cater to the growing customer demand. (Source: https://www.kloeckner.com/en/media/press-releases/kloeckner-co-acquires-us-metal-components-fabricator-industrial-manufacturing-services/) In April 2022, Hitachi Heavy Machinery Co., Ltd. announced the expansion of its manufacturing facility for compact products such as mini-wheel loaders and mini excavators. Production capacity is anticipated to increase by 30% by 2025. (Source: https://www.hitachicm.com/global/en/news/press-releases/2022/22-04-21/)
Top Companies Market Share in Abrasive Product Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America currently dominates the Abrasive Products market, and the region is expected to have significant growth during the projected period. This is due to its advanced manufacturing sectors, including automotive, aerospace, and construction.
Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) due to rapid industrialization, increasing manufacturing activities, and the demand for high-quality products in automotive, electronics, and construction sectors.
The current report Scope analyzes Abrasive Product Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Abrasive Product market size was estimated at USD 43256.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 17302.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
According to Cognitive Market Research, the global Abrasive Product market size was estimated at USD 43256.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 12976.98 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.
According to Cognitive Market Research, the global Abrasive Product market size was estimated at USD 43256.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 9949.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
According to Cognitive Market Research, the global Abrasive Product market size was estimated at USD 43256.6 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 2162.83 million 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
According to Cognitive Market Research, the global Abrasive Product market size was estimated at USD 43256.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 865.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031..
Global Abrasive Product Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Abrasive Product Industry growth. Abrasive Product market has been segmented with the help of its Type Outlook:, Application Outlook: Raw Material Outlook:, and others. Abrasive Product market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Abrasive Product Market?
According to Cognitive Market Research, bonded abrasive products are likely to dominate the Abrasive Product Market over the forecast period due to their versatility and high performance in precision grinding, polishing, and cutting applications. These products, which include grinding wheels and discs, are widely used across industries such as automotive, metalworking, and construction, offering durability, consistency, and cost-effectiveness.
The coated abrasive is the fastest-growing segment in the Abrasive Product Market due to its versatility, high efficiency, and wide application across industries such as automotive, metalworking, and construction. Their demand is driven by advancements in manufacturing processes and the need for superior surface finishing and polishing capabilities.
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According to Cognitive Market Research, the automotive segment holds the largest share of the market due to its high demand for precision materials for manufacturing processes such as grinding, polishing, and finishing. Abrasives are essential for vehicle parts, including engines, brakes, and body components, driving significant consumption and technological advancements in the sector.
In the Abrasive Product Market, the machinery sector has been expanding at a rapid pace due to the increasing demand for high-precision tools in industries such as automotive, aerospace, and metalworking. Advancements in machinery design and efficiency drive the need for abrasives, enhancing the performance and longevity of cutting, grinding, and polishing equipment.
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According to Cognitive Market Research, the synthetic abrasives segment holds the largest market share due to their superior performance, consistency, and cost-effectiveness compared to natural abrasives. They offer better durability, precision, and versatility for various applications, making them ideal for industries like manufacturing, automotive, and construction, driving their widespread adoption and market leadership.
In the Abrasive Product market, the rapidly growing sector is the synthetic abrasives category due to their superior performance, cost-effectiveness, and versatility. They offer consistent quality and high durability and are used across various industries like automotive, metalworking, and electronics. Their growing demand is driven by advanced manufacturing processes and technological advancements.
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Conclusion
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Disclaimer:
Type Outlook: | Coated Abrasives, Bonded Abrasives, Super Abrasives |
Application Outlook: | Aerospace, Automotive, Machinery, Metal fabrication, Electrical & Electronics Equipment, Others |
Raw Material Outlook: | Natural, Synthetic |
List of Competitors | 3M, Asahi Diamond Industrial Co. Ltd., Bosch Limited, Deerfos, CUMI, Henkel AG & Co KGaA, Sia Abrasives Industries AG, Saint-Gobain, SAK ABRASIVES LIMITED, TYROLIT Group |
This chapter will help you gain GLOBAL Market Analysis of Abrasive Product. Further deep in this chapter, you will be able to review Global Abrasive Product Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Abrasive Product. Further deep in this chapter, you will be able to review North America Abrasive Product Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Abrasive Product. Further deep in this chapter, you will be able to review Europe Abrasive Product Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Abrasive Product. Further deep in this chapter, you will be able to review Asia Pacific Abrasive Product Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Abrasive Product. Further deep in this chapter, you will be able to review South America Abrasive Product Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Abrasive Product. Further deep in this chapter, you will be able to review Middle East and Africa Abrasive Product Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Abrasive Product. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Outlook: Analysis 2019 -2031, will provide market size split by Type Outlook:. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Outlook: Analysis 2021 - 2033
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Chapter 11 Market Split by Application Outlook: Analysis 2021 - 2033
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Chapter 12 Market Split by Raw Material Outlook: Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Abrasive Product market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Coated Abrasives have a significant impact on Abrasive Product market? |
What are the key factors affecting the Coated Abrasives and Bonded Abrasives of Abrasive Product Market? |
What is the CAGR/Growth Rate of Aerospace during the forecast period? |
By type, which segment accounted for largest share of the global Abrasive Product Market? |
Which region is expected to dominate the global Abrasive Product Market within the forecast period? |
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