Global Abrasive Market: Materials, Products, and Applications

Report Highlights

The global market for abrasives was valued at $55.0 billion in 2022. The market is estimated to grow from $57.8 billion in 2023 to reach $74.0 billion by 2028, at a compound annual growth rate (CAGR) of 5.1% from 2023 to 2028.

Report Includes

• 45 data tables and 53 additional tables
• Overview and an up-to-date analysis of the global abrasives market with emphasis on materials, products and applications
• Analyses of the global market trends, with historical market revenue data (sales figures) for 2022, estimates for 2023, forecasts for 2027, and projections of compound annual growth rates (CAGRs) through 2028
• Estimate of the actual market size and revenue forecast for the global abrasives market in USD millions, and a corresponding market share analysis based on type, application, end-use industry, and region
• In-depth information (facts and figures) pertaining to the market growth drivers, challenges, opportunities and prospects; the technologies and regulatory scenarios; and the impacts of COVID-19 and the Russia-Ukraine war on the market
• Discussion of the importance of ESG in the global abrasives market, including consumer attitudes, an assessment of risks and opportunities, and the ESG practices followed by manufacturers and suppliers of abrasives
• Review of new and existing U.S. patents issued for abrasive technologies
• A look at the major vendors in the global market for abrasives, and an analysis of the structure of this industry with respect to company market shares, venture fundings, and recent mergers and acquisitions (M&A) activity
• Identification of the major stakeholders and analysis of the competitive landscape based on recent developments, key financials and segmental revenues, and operational integration
• Profiles of the leading market players

Report Scope

The report contains comprehensive information regarding the abrasive industry and the users thereof. It includes details about various types of abrasives; materials used as abrasives; abrasive manufacturers’ most commonly used grains; manufacturers’ production with values; manufacturers of products using abrasive materials primarily for machine tools; users of abrasive tools and other applications; and users of loose abrasives. Estimated values are based on manufacturers’ total revenues. Projected and forecast revenue values are in constant U.S. dollars, unadjusted for inflation.

The abrasive market is segmented into the follow categories:

• Type (abrasive grains and abrasive products).
• Application (buffing, honing, drilling, grinding, polishing, cutting, and sharpening).
• End use (metal manufacturing, automotive, electronics, medical, energy, building and construction, and wood and composites).
• Region: North America, Europe, Asia-Pacific (APAC), and the Rest of the World (RoW).

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.