Abrasive Market Size, Share & Trends Report

Abrasive Market Size, Share & Trends Analysis Report By Product (Coated, Bonded), By Application (Automotive & Transportation, Metal Fabrication), By Region (Asia Pacific, Europe), And Segment Forecasts, 2020 - 2027

  • Published Date: Sep, 2020
  • Base Year for Estimate: 2019
  • Report ID: GVR-2-68038-099-6
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2018
  • Number of Pages: 75

Report Overview

The global abrasive market size was valued at USD 38.6 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.4% from 2020 to 2027. Growing demand for abrasive products in metalworking applications is anticipated to drive the market. In metalworking, coated abrasives, such as sandpaper and stones, are used for deburring, wherein grinding of metal products is done. Hard minerals, such as synthetic and natural diamonds, are used for the polishing of various finished products in industries, such as automotive, construction, and electronics. Abrasives demand in the U.S. is projected to increase on the account of the growth of the end-use industries, such as housing, furniture, automotive, aerospace, and steel manufacturing. The use of reclaimed abrasives is anticipated to increase over the coming years owing to the rising prices of raw materials and increasing surcharges on scrap.

U.S. abrasives market size

The increasing demand for diamond abrasive products in the U.S. is projected to create opportunities for market vendors. Natural diamonds are one of the hardest materials available on earth. These products, such as natural diamond microns and mesh, are used in the conventional tooling and abrasives. These diamonds are mined from natural deposits. Among them mainly three types exist, such as bort, ballast, and carbonado.

Ballast is composed of minute diamond crystals and is mainly found in South Africa and Brazil. Bort is a black or gray colored diamond used in diamond drill bits. Carbonado has numerous applications in glass cutters, cutting tools, hardness testers, phonograph needles, and wiredrawing dies. Rising demand from cutting and drilling applications is expected to boost the segment growth over the forecast period.

Product Insights

Bonded was the largest product segment in 2019 and accounted for a share of over 41% in 2019. Bonded abrasives can be manufactured using gluing of abrasive grains on a tough substrate. These products are used in diverse applications, such as polishing, fabrication, grinding, and precision grinding. Demand from end-use industries including construction, fabrication, automobile, and component manufacturing is anticipated to drive the market over the coming years.

Bonded products include grinding wheels, such as depressed center wheels, tapered body wheels, cup-shaped wheels, and recessed wheels. Abrasive grains, such as aluminum oxide, silicon carbide, tungsten carbide, and garnet, are used in the production of these types of products.

The coated product segment is anticipated to witness the fastest CAGR of 4.8% from 2020 to 2027. Products under this segment find applications in stone, wood & furniture, construction, and metal fabrication industries. Demand for polishing and grinding in the end-use industries is projected to drive the segment.

Application Insights

Automotive and transportation was the largest application segment and held a share of over 35% in 2019. However, the segment is anticipated to lose its share over the coming years due to the poor performance of the automotive industry in 2019 and a rapid fall in automobile sales in 2020 owing to the Covid-19 pandemic. As per the International Organization of Motor Vehicle Manufacturers, global production witnessed a y-o-y decline of 5.2% in 2019.

Global abrasives market share

The manufacturing sector is anticipated to witness a sharp decline in product demand for abrasives and related products on account of the Covid-19. Disruptions in businesses in the U.S., China, India, and Germany are projected to critically impact the market growth for the short term. However, the market is likely to attain recovery once the vaccine is developed and distributed around the world.

The aerospace & defense sector has also witnessed disruptions in the supply chain amidst the pandemic. As per the International Civil Aviation Organization (ICAO), the pandemic has created a massive impact on air passenger traffic. In March 2020, globally, the number of air passengers declined by nearly 54% on a y-o-y basis. However, the demand for new aircraft is projected to remain a key contributing factor for the market.

Regional Insights

The Asia Pacific led the market with a share of over 53% in 2019. It is estimated to expand further at the fastest CAGR from 2020 to 2027. Rising middle-class population, availability of low-cost labor, high-volume production in various industries, and emerging economies, such as India and China, are the key factors driving the regional market.

North America is projected to witness significant growth from 2020 to 2027 due to the rapidly expanding electronics industry in the region. As per the IPC -association connecting electronics industries, the North American assembly electronics market accounted for USD 294 billion in 2017 and is expected to expand further at a higher rate.

Europe is also estimated to have considerable growth due to rising demand for abrasives meant for auto components. The demand for synthetic diamond-based abrasive is expected to rise owing to the large production capacities and excellent properties of CVD diamonds in a variety of applications.

Key Companies & Market Share Insights

The global market is characterized by the presence of small- & medium-scale regional and international companies. Development of new products and R&D investments are the key strategies adopted by most of the industry participants to gain a higher market share. For instance, in March 2019, Roberlo launched a new line of abrasive products including paper, disk, and flexible pad. This is anticipated to assist the company to expand its product portfolio. Some of the prominent players in the abrasive market include:

  • 3M Company

  • Robert Bosch GmbH

  • Compagnie de Saint-Gobain S.A.

  • Henkel; Fujimi Inc.

  • Tyrolit Group

  • Asahi Diamond Industrial

  • Sak Industries

  • Carborundum Universal Ltd.

  • Deerfos

Abrasive Market Report Scope

Report Attribute


Market size value in 2020

USD 33.9 billion

Revenue forecast in 2027

USD 54.3 billion

Growth Rate

CAGR of 4.4% from 2020 to 2027

Base year for estimation


Actual estimates/Historic data

2016 - 2018

Forecast period

2020 - 2027

Quantitative Units

Revenue in USD billion and CAGR from 2020 to 2027

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

Product, application, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Germany; U.K.; Russia; China; Japan; India; Brazil

Key companies profiled

3M Company; Robert Bosch GmbH; Compagnie de Saint-Gobain S.A.; Henkel; Fujimi Inc.; Tyrolit Group; Asahi Diamond Industrial; Sak Industries; Carborundum Universal Ltd.; Deerfos

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Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global abrasive market report based on product, application, and region:

  • Product Outlook (Revenue, USD Billion, 2016 - 2027)

    • Coated

    • Bonded

    • Others

  • Application Outlook (Revenue, USD Billion, 2016 - 2027)

    • Automotive & transportation

    • Heavy machinery

    • Metal fabrication

    • Electrical & electronics

    • Others

  • Regional Outlook (Revenue, USD Billion, 2016 - 2027)

    • North America

      • The U.S.

    • Europe

      • Germany

      • The U.K.

      • Russia

    • Asia Pacific

      • China

      • Japan

      • India

    • Central & South America

      • Brazil

    • Middle East & Africa

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