Abrasives are hard materials used for wearing/shaping the soft surfaces of the work piece. Here, the friction between the abrasive materials when rubbed against the work piece, is used to obtain a smooth final product. Abrasives are hard and brittle and are found naturally or can be produced synthetically. Calcium carbonate (calcite), diamond dust, and emery are some naturally occurring abrasives. These abrasives are useful for processes such as polishing, grinding, sharpening, drilling, sanding, buffing, and cutting.

Market Dynamics

Properties such as hardness (harder than the surface to be rubbed), durability, flexibility, and brittleness are major factors that boost demand for abrasives during the forecast period. These properties are of utmost use in case of end-user industries such as automotive, machinery, and metal fabrication.

However, volatile prices of raw materials required for production of abrasives like silica sand and carbon is one of the major factors restraining growth of the market. Moreover, low availability of natural abrasives as compared to their synthetic substitutes and various health hazards like silicosis lung cancer and breathing problems when exposed to silica sand (a type of abrasive) are some challenges that are expected to hinder the market growth during the forecast period.

Market Outlook

  • Among material type, the synthetic segment accounts for a major market share. Synthetic abrasives are easily available as compared to naturally occurring ones. An alternative for emery is silicon carbide.
  • Although synthetic abrasives consist of certain impurities, these abrasives are preferred against natural abrasives such as emery and corundum due to their higher grain sizes.
  • Among end-use industry, automotive segment is expected to witness a major market share over the forecast period due to the emerging technological innovations in terms of this segment. Some innovations like Tesla, driverless tractors, etc. are examples of emerging technologies which will continue to develop during the forecast period owing the growing digital era.
  • According to Indian Brand Equity Foundation (IBEF), in 2017, Indian infrastructure sector witnessed 91 mergers and acquisitions deals worth US$ 5.4 billion. This will have an impact on the logistics industry of the region.
  • In 2016, as per the World Bank's Logistics Performance Index, India ranked 35th among 160 countries. This is due to the growing industrialization, construction and automation in emerging Asian economies like China and India. Since then, the Asia Pacific abrasives market is expected to dominate the market positioning followed by Europe and North America. Major players like Robert Bosch, Saint-Gobain and 3M have their headquarters in Europe and North America respectively owing to the increasing market share from these players during the forecast period.

Key Players

Key players operating in the global abrasives market include, Robert Bosch, 3M, Saint-Gobain, Henkel, Fujimi, Asahi Diamond Industrial, and others.

Key Developments:

  • In December 2017, Saint-Gobain Abrasives, global leader in manufacturing abrasives, launched a new product named Ultra-Thin Grinding Wheel. The Ultra-thin grinding wheels will extend the company’s high performance grinding range, of ceramic abrasives which are long-lasting and delivers high material removal rates.
  • In June 2017, Saint-Gobain Abrasives signed a contract with Darex to supply small specialty abrasives belt. Darex is a manufacturer of custom tool sharpening machines, headquartered in Ashland, Oregon, United States.
  • Various companies are focusing on adopting strategies such as partnership and collaborations in order to increase their presence in the global market. For instance, in February 2016, Saint-Gobain Abrasives had partnered with Detroit Speed to supply their Norton brand abrasives for refinishing applications in Detroit Speed. Detroit Speed is a high-quality automotive components and systems manufacturer. Moreover, Detroit Speed had also agreed to promote, display, and sell Saint-Gobain Norton brand of products at all the shows and events.
  • In November 2016, Robert Bosch GmbH, a Germany based multinational engineering and technology company, had launched a new product under their abrasives range of products. The new M480 net sanding sheet was an open net which enabled dust extraction across the surface owing to its open net structure.

Market Taxonomy

On the basis of material type, the global abrasives market is segmented into:

  • Natural
  • Synthetic

On the basis of product type, the global abrasives market is segmented into:

  • Bonded
  • Coated
  • Super Abrasives

On the basis of end-use industry, the global abrasives market is segmented into:

  • Automotive
  • Machinery
  • Metal Fabrication
  • Construction
  • Electronic and Electrical Equipment
  • Others

On the basis of region, the global abrasives market is segmented into:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Russia
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East
    • GCC
    • Israel
    • Rest of Middle East
  • Africa
    • Northern Africa
    • Central Africa
    • South Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users