1 Global Abrasives Market Size (Revenue) and CAGR (2024-2033)
Global Abrasives market generated revenue of USD 50578.4 Million in 2024 with a CAGR of 4.25% during 2024 to 2033.
The global abrasives market is currently experiencing steady growth, driven by several key factors. The market’s value in 2024 at $50,578.4 million USD indicates a robust performance, with a projected CAGR of 4.25% through 2033. This growth is attributed to the increasing demand for abrasives in various applications, particularly in the automotive, metal working, machinery, electrical & electronics, and construction sectors.
Figure Global Abrasives Market Size (M USD) Outlook (2024-2033)
2 Abrasives Market SWOT Analysis
Table SWOT Analysis
SWOT | Description |
Strength |
The increase of abrasive consumption in automobile industry may be an important factor to promote market growth. In order to meet the functional requirements, the dimensional accuracy of automobile components must be maintained, so abrasives are used in the finishing of automobile manufacturing parts. They are used for sizing, repairing and cleaning car bodies, internal and external engine parts. Oiling, smooth welding, smooth edges, fittings, polished or painted surfaces and the inside of pipes should also be cleaned. In addition, the development of electric vehicles may provide power for the abrasive industry and increase the use of abrasives in the automotive industry.
The downstream end-use industries of abrasives are extensive, such as stone, house, furniture, automobile, aerospace, construction and metal manufacturing industries. Abrasives play an important role in various industries, helping beautification, finishing and polishing. It is estimated that the wide range of downstream application industries will continue to promote the growth of abrasive demand.
The accelerated development of emerging economies, the increase of middle class population, the availability of cheap labor and mass production industries of various products are the key factors to promote the development of regional markets, such as India and China. |
Weakness |
At present, the market competition of abrasive industry is fierce, and all participants are competing for market share. Moreover, there are many well-known large companies in the market, which have advantages in market competition in technology, capital and market channels.
The epidemic of infectious coronavirus has brought great pressure to global enterprises and departments. Many governments have adopted blockade measures to prevent the spread of this infectious disease. These proposals have led to delays in development and supply chain. Coronavirus has an adverse impact on manufacturing industries such as metal processing, equipment and automobile industry, while the development of abrasive industry is mainly driven by downstream manufacturing industries. Due to the restriction of foreign flights, the interruption of import and export business will further limit the development of the market. |
Opportunities |
The expansion of distribution channels has promoted the further growth of abrasive sales to a certain extent, and the number of retailers distributing products has been increasing. In addition, the growth of online sales platform can not be ignored. Consumers can get more comprehensive product information more intuitively through online price comparison and viewing evaluation.
Participants in abrasive industry have the goal of high efficiency, high precision automation and modern manufacturing technology. The abrasive industry has increased its investment in product innovation, which requires higher and higher precision and surface integrity of parts. This is beneficial to the further development of abrasive industry. |
Threat |
In order to follow the sustainable development strategy, the government’s strict regulations on the use of silica abrasives and the introduction of relevant environmental protection policies are expected to have a certain impact on the abrasive industry. It is expected that these laws and regulations will have a guiding impact on the production and product sales of enterprises. Enterprises have to adjust their production strategies, correct their attitudes, respond to the call, take environmental protection requirements seriously, and achieve breakthroughs in difficulties.
The price of abrasive industry is affected by fluctuation of upstream raw material price. If the price of raw materials fluctuates greatly or rises, it will directly affect the cost and sales price of abrasives market, and then affect their market share. |
3 Global Abrasives Market by Type in 2024
The global abrasives market is a diverse and dynamic sector, with various product types catering to a wide range of industrial applications. In 2024, the market was dominated by several key product types, each with its unique characteristics and market dynamics.
Aluminum Oxide
Aluminum oxide is a popular abrasive known for its versatility and strength. It is commonly used for etching and finishing in industries such as automotive, metal working, and construction. In 2024, the market size for aluminum oxide was $9,522.5 million USD, accounting for 18.83% of the total market share. This product type is valued for its aggressive nature and ability to remove material quickly, making it a favorite among professionals in various industries.
Silicon Carbide
Silicon carbide is an extremely hard and durable abrasive, often used for cutting and grinding applications. It is particularly effective in removing rust and providing a specific finish on metal surfaces. In 2024, the market size for silicon carbide was $12,674.1 million USD, representing 25.06% of the total market share. Silicon carbide is known for its fast cutting speed and recyclability, which contribute to its widespread use and market dominance.
Emery
Emery is a natural abrasive that is suitable for fitting work and the final adjustment of steel parts. It is also used for cleaning and removing rust from polished steel components. In 2024, the market size for emery was $5,942.6 million USD, with a market share of 11.75%. Emery is valued for its ability to provide a smooth finish without embedding abrasive traces in the polished components.
Corundum
Corundum is a hard and durable abrasive, commonly used in sandpaper and large tools for machining metals, plastics, and wood. In 2024, the market size for corundum was $5,004.5 million USD, accounting for 9.89% of the total market share. Corundum’s high hardness (9.0 on the Mohs scale) makes it an effective abrasive for a variety of applications.
Boron Carbide
Boron carbide is a high-performance abrasive material with chemical and physical properties similar to diamonds. It is known for its extra hardness and chemical resistance, earning it the nickname “Black Diamond.” In 2024, the market size for boron carbide was $4,040.1 million USD, with a market share of 7.99%. Boron carbide is a leading grinding material, particularly in applications requiring high durability and precision.
Regarding growth rate, the market for Aluminum Oxide showed the fastest growth, with a CAGR of 6.01% from 2020 to 2033. This growth is driven by the increasing demand for aluminum oxide in the automotive and metal working industries, where it is used for etching, finishing, and surface conditioning.
Table Global Abrasives Market Size and Share by Type in 2024
Type | Market Size (M USD) | Market Share |
|---|---|---|
Aluminum Oxide | 9,522.5 | 18.83% |
Silicon Carbide | 12,674.1 | 25.06% |
Emery | 5,942.6 | 11.75% |
Corundum | 5,004.5 | 9.89% |
Boron Carbide | 4,040.1 | 7.99% |
Others | 13,394.7 | 26.48% |
Total | 50,578.4 | 100.00% |
4 Global Abrasives Market by Application in 2024
The abrasives market serves a multitude of applications, each with its specific requirements and market dynamics. In 2024, the market was segmented into several key applications, each contributing significantly to the overall market size.
Automotive
The automotive industry is a major consumer of abrasives, using them for dimensioning, deburring, and cleaning engine parts, as well as for repairing automobile bodies, interiors, and accessories. In 2024, the market size for abrasives in the automotive sector was $10,613.5 million USD, accounting for 20.98% of the total market share. The growth in this sector is driven by the increasing production of vehicles and the need for high-quality surface finishing.
Metal Working
Metal working is another significant application area for abrasives. They are used for surface conditioning, removing rust, grinding, smoothing welds, and providing a specific finish. In 2024, the market size for abrasives in metal working was $14,203.1 million USD, representing 28.08% of the total market share. The growth in this sector is attributed to the continuous demand for metal components in various industries, including construction, automotive, and machinery.
Machinery
Abrasives are used in the machinery industry for dressing, polishing, and other surface treatment processes. In 2024, the market size for abrasives in the machinery sector was $11,827.8 million USD, accounting for 23.39% of the total market share. The growth in this sector is driven by the need for precision and high-quality finishes in machinery components.
Electrical & Electronics
In the electrical and electronics industry, abrasives are used for trimming, polishing, and refining products. In 2024, the market size for abrasives in this sector was $6,795.7 million USD, representing 13.44% of the total market share. The growth in this sector is driven by the increasing demand for high-precision components in electronic devices.
Construction
The construction industry uses abrasives for cutting, trimming, and polishing materials such as concrete, stone, and metal. In 2024, the market size for abrasives in the construction sector was $6,137.1 million USD, accounting for 12.13% of the total market share. The growth in this sector is driven by the ongoing construction activities and the need for efficient material processing.
Regarding growth rate, the market for Automotive showed the fastest growth, with a CAGR of 5.84% from 2020 to 2033. This growth is driven by the increasing production of vehicles and the need for high-quality surface finishing in the automotive industry.
Table Global Abrasives Market Size and Share by Application in 2024
Application | Market Size (M USD) | Market Share |
|---|---|---|
Automotive | 10,613.5 | 20.98% |
Metal Working | 14,203.1 | 28.08% |
Machinery | 11,827.8 | 23.39% |
Electrical & Electronics | 6,795.7 | 13.44% |
Construction | 6,137.1 | 12.13% |
Others | 1,001.2 | 1.98% |
Total | 50,578.4 | 100.00% |
5 Global Abrasives Market by Region in 2024
The global abrasives market in 2024 was characterized by significant regional variations, with each region contributing uniquely to the overall market dynamics. The market sizes and shares by major regions provide valuable insights into the global distribution and growth potential of the abrasives industry.
Asia-Pacific
The Asia-Pacific region emerged as the largest market for abrasives in 2024, with a market size of $20,492.1 million USD and a share of 40.52% of the global market. This region’s dominance can be attributed to its rapid industrialization, particularly in countries like China and India, which have become global manufacturing hubs. The growth in the automotive, metal working, and construction industries in these countries has significantly driven the demand for abrasives. Additionally, the region’s large population and growing middle class have contributed to increased consumption and production of various goods, further boosting the market for abrasives.
Europe
Europe held the second-largest share of the global abrasives market in 2024, with a market size of $15,363.7 million USD and a share of 30.37%. The region’s strong manufacturing base, particularly in the automotive and machinery sectors, has been a key driver of the market. European countries like Germany, the UK, and France have well-established industries that rely heavily on abrasives for precision manufacturing and finishing processes. The region’s focus on high-quality and precision engineering has also contributed to its significant market share.
North America
North America, with a market size of $13,390.0 million USD and a share of 26.47% in 2024, was the third-largest region in the global abrasives market. The United States, in particular, has a robust manufacturing sector that includes automotive, aerospace, and electronics industries, which are significant consumers of abrasives. The region’s emphasis on technological innovation and high-quality standards has positioned it as a key player in the global market.
Middle East & Africa
The Middle East and Africa region had a market size of $707.0 million USD and a share of 1.40% in 2024. While this region’s market share is relatively small compared to the others, it has shown promising growth potential. The region’s growth is driven by increasing industrialization and infrastructure development, particularly in countries like Saudi Arabia and the UAE. The demand for abrasives in construction and manufacturing sectors is expected to rise as these countries continue to develop their industrial capabilities.
South America
South America, with a market size of $625.5 million USD and a share of 1.24% in 2024, is the smallest region in the global abrasives market. However, it has shown significant growth potential, driven by the region’s economic recovery and increasing industrial activities. Brazil, in particular, has a growing manufacturing sector that is contributing to the demand for abrasives.
In terms of growth rate, the Asia-Pacific region also showed the fastest growth, with a CAGR of 6.01% from 2020 to 2033. This growth is driven by the region’s rapid industrialization, particularly in China and India, and the increasing demand for abrasives in various manufacturing sectors.
Table Global Abrasives Market Size, Region Wise in 2024
Region | Market Size (M USD) | Market Share |
|---|---|---|
North America | 13,390.0 | 26.47% |
Europe | 15,363.7 | 30.37% |
Asia-Pacific | 20,492.1 | 40.52% |
Middle East & Africa | 707.0 | 1.40% |
South America | 625.5 | 1.24% |
Total | 50,578.4 | 100.00% |
Figure Global Abrasives Market Revenue Share, Region Wise in 2024
6 Global Abrasives Market Top 3 Players
Company Introduction and Business Overview
Saint-Gobain, established in 1665 and headquartered in France, is a global leader in the design, manufacture, and distribution of materials and solutions. The company’s products are widely used in construction, transportation, infrastructure, and various industrial applications. Saint-Gobain is committed to providing comfort, performance, and safety while addressing the challenges of sustainable construction, resource efficiency, and climate change.
Products Offered
Saint-Gobain offers a wide range of abrasives, including overlap slotted discs for deburring and polishing radii, holes, and cylinder walls. The company’s products are known for their high quality and performance, making them suitable for various industrial applications.
Revenue in 2020
In 2020, Saint-Gobain’s revenue from abrasives was $1,797.8 million USD. The company’s strong market position and diverse product portfolio have enabled it to maintain a significant share in the global abrasives market.
Company Introduction and Business Overview
3M Company, established in 1902 and headquartered in the United States, is a leading multinational conglomerate known for its innovation and diverse product portfolio. The company operates primarily in North America and Europe and is a major player in the abrasives market. 3M’s products are used in a wide range of industries, including automotive, metal working, and electronics.
Products Offered
3M offers a variety of abrasives, including precision-shaped grain products that fracture into sharp points for fast cutting and reduced metal discoloration. The company’s 3M™ Cubitron™ II Cloth Belt 984F is particularly renowned for its high performance and durability in medium to high pressure applications.
Revenue in 2020
In 2020, 3M’s revenue from abrasives was $1418.4 million USD. The company’s focus on innovation and quality has helped it maintain a strong market position and continue to grow in the abrasives sector.
Company Introduction and Business Overview
TYROLIT Group, established in 1919 and headquartered in Austria, is a leading manufacturer of grinding and dressing tools. The company operates primarily in Europe, Asia-Pacific, and North America and is known for its high-quality products and innovative solutions. TYROLIT’s products are used in various industries, including automotive, construction, and metal working.
Products Offered
TYROLIT offers a comprehensive range of abrasives, including bonded abrasives, coated abrasives, and superabrasives. The company’s products are designed to meet the highest standards of precision and performance, making them suitable for a wide range of industrial applications.
Revenue in 2020
In 2020, TYROLIT’s revenue from abrasives was $888.1 million USD. The company’s strong market presence and focus on innovation have enabled it to maintain a significant share in the global abrasives market.
Table Global Abrasives Revenue of Top3 Players in 2020
Company | Revenue (M USD) |
Saint-Gobain | 1797.8 |
Carborundum Universal Limited | 1418.4 |
3M Company | 888.1 |