Sep 13, 2022   SOURCE: BusinessWire

Insights on the Abrasives Global Market to 2027 - by Product Type, End-use, Material Type and Region - ResearchAndMarkets.com

The "Abrasives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global abrasives market reached a value of US$ 42.9 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 58.0 Billion by 2027, exhibiting a CAGR of 5.15% during 2021-2027.

Companies Mentioned

  • Robert Bosch Power Tools GmbH
  • DuPont de Nemours Inc.
  • Fujimi Inc.
  • Saint-Gobain Group
  • Henkel AG & Co. KGaA
  • 3M
  • Asahi Diamond Industrial Co. Ltd.
  • Carborundum Universal Limited.
  • TYROLIT Schleifmittelwerke Swarovski KG
  • NIPPON RESIBON CORPORATION
  • Krebs & Riedel Schleifscheibenfabrik GmbH & Co. KG
  • Abrasiflex Pty Ltd.
  • Noritake Co.
  • Limited
  • DEERFOS.COM
  • Sankyo-Rikagaku Ltd.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Abrasives refer to mineral-based substances that are used for polishing, grinding and cleaning surfaces. They are utilized in ultrasonic machining, abrasive jet machining and magnetic field-assisted polishing. Besides this, as they help remove excess sizing, slicing and material, they are commonly employed in the manufacturing of intricate components or creating ultra-smooth surfaces for machines and aircraft. They also find extensive application in the automotive sector for lowering noise levels, minimizing carbon emissions and manufacturing automotive parts, such as mirrors, valve springs and fuel and de-aeration tanks.

At present, the market is experiencing growth on account of the burgeoning automotive industry. Moreover, the thriving electronics and manufacturing industries act as another growth-inducing factor. Abrasives are used in these industries to scrape the metal in small amounts for manufacturing semiconductors and other electronic equipment with precision.

Apart from this, leading players are focusing on various product innovations, such as the development of polyester- and fabric-based abrasives. They are also introducing advanced coated abrasives for metal fabrication, which is propelling the abrasives market growth. Besides this, the growing adoption of super-abrasives, such as industrial diamonds for precision grinding and cutting of hard metals, is also boosting their sales worldwide.

Rapid urbanization, inflating income levels and the rising global population have boosted the sales of automobiles worldwide. This, along with the increasing utilization of abrasives for reducing CO2 emissions of high-performance engines and noise levels in automobiles, is strengthening the growth of the market. Moreover, the thriving electronics and manufacturing industries act as another growth-inducing factor.

Abrasives are used in these industries to scrape the metal in small amounts for manufacturing semiconductors and other electronic equipment with precision. Apart from this, the increasing construction activities are resulting in the escalating demand for super abrasives. The developments in the manufacturing industry have also enabled improvements in precision tooling, which is utilized in the production of smaller components with greater accuracy.

This, in turn, is positively influencing the demand for abrasives. Furthermore, the leading players are focusing on various product innovations, such as the development of polyester- and fabric-based abrasives. They are also introducing advanced coated abrasives for metal fabrication, which is propelling the abrasives market growth. The growing adoption of super-abrasives, such as industrial diamonds for precision grinding and cutting of hard metals is also boosting their sales worldwide.

Key Questions Answered in This Report

1. What was the size of the global abrasives market in 2021?

2. What has been the impact of COVID-19 on the global abrasives market?

3. What is the expected growth rate of the global abrasives market during 2022-2027?

4. What are the key factors driving the global abrasives market?

5. What is the breakup of the global abrasives market based on the product type?

6. What is the breakup of the global abrasives market based on the end-use?

7. What is the breakup of the global abrasives market based on the material type?

8. What are the key regions in the global abrasives market?

9. Who are the key companies/players in the global abrasives market?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Abrasives Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Breakup by Product Type

5.5 Market Breakup by End-Use

5.6 Market Breakup by Material Type

5.7 Market Breakup by Region

5.8 Market Forecast

6 Market Breakup by Product Type

7 Market Breakup by End-Use

8 Market Breakup by Material Type

9 Market Breakup by Region

10 SWOT Analysis

11 Value Chain Analysis

12 Porter's Five Forces Analysis

13 Price Analysis

13.1 Key Price Indicators

13.2 Price Structure

13.3 Margin Analysis

14 Competitive Landscape

14.1 Market Structure

14.2 Key Players

14.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/oxt7g1