Preparation Abrasives Market

Global Preparation Abrasives Market Analysis and Opportunity Assessment by Material, Product Type, Application, Region, and Country – Forecast 2022 – 2032

The market is expected to generate an incremental $ opportunity of US$ 2,991.1 Mn between 2022 and 2032

Category: Chemicals & Materials

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ID: CVC-00335

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Format: PDF+Excel Dataset

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Published Date: October 2022

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Pages: 300

Preparation Abrasives Market nalysis

According to a recent survey conducted by ChemView Consulting, the Global Preparation Abrasives Market grew at a CAGR of 3.8% between 2017-2021 and is estimated to be US$ 5,876.9 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.2% and is expected to reach a valuation of US$ 8,868.0 Mn by 2032 end.

Materials called abrasives are employed to remove wood, concrete, ceramic, stone, or minerals. These materials offer a refined, completed appearance. The method frequently polishes materials to obtain a smooth, shiny surface. These items give fabrics with matte, satin, or beaded finishes a rougher texture.

The market is expected to increase due to using these materials in tools such as sandpapers, grinding wheels, polishes, honing stones, tumbling and vibratory mass-finishing media, pulp stones, sandblasting, ball mills, and other similar products. The building sector is going through enormous and unheard-of changes supported by economic expansion, which in turn is raising product demand.

Market Dynamic

INCREASING DEMAND FROM THE AUTOMOTIVE INDUSTRY TO AID MARKET GROWTH

The product is used to repair auto bodies, size engine parts, and clean the interior and outside of vehicles. These items are also used to clean the interior of pipes, welds, edges, and surfaces that will be painted, polished, fitted or cleaned. While grinding wheels are used for cars, coated and non-woven goods refinish auto bodywork. The high demand from various applications directly supports the growth of the automotive sector.

Several abrasive products are employed for non-engine parts and accessories including brakes, steering wheels, wheels, and axles. Brakes have a unique abrasive with a non-directional scratch pattern to gather tools. The brake screech is removed, and heat-sensitive metals’ discoloration is decreased. The interior and outside of cars are prepared and polished with abrasive sandpaper. Additionally, it is anticipated that the market would be severely impacted by the escalating raw material price variations and the state of the economy.

LACK OF RAW MATERIAL AVAILABILITY AND STRINGENT REGULATIONS TO HAMPER MARKET

Aluminum oxide, silicon carbide, cubic boron nitride, synthetic diamond, and ceramics are the basic abrasive materials most frequently used. These raw materials are derived from regenerative resources, like petroleum. The supply of raw materials decreases due to the depletion of these resources, which limits market expansion. Governments have also imposed strict limits on this commodity’s usage as a response to growing concerns over environmental protection and halting the spread of pollution, which has hampered market expansion.

GROWING APPLICATION OF ABRASIVES FOR CONSTRUCTION ACTIVITIES TO CREATE GROWTH OPPORTUNITIES

The main product application throughout the forecast period is anticipated to be constructed. Due to rising urbanization and improved lifestyles, there has been an upsurge in construction activities. Market development is further aided by high levels of renovation activity and economic growth in developing nations. These goods are employed in the construction sector for various purposes, including metal fabrications, components, and woodworking & fabrication.

The building business is expanding dramatically in developing nations like China, India, Japan, and other Asian countries. Due to the increase in residential construction, the expanding population in these nations has favored product consumption.

COVID-19 Impact

The effects of the pandemic were felt in every industry, including machinery, metalworking, and the automotive. Large-scale Chinese manufacturing exports have caused disruptions. The lockdown in the United States has also led to plant closures, exerting even more severe pressure on the global supply base and putting businesses and customers in danger. The pandemic has caused a shift in the supply chain worldwide, impacting metalworking, industrial, automotive, and other industries. In turn, this is upsetting the market and driving a downward change in product demand.

Abrasives are frequently discovered in nature through the extraction process underground, including aluminum oxide, silicon carbide, boron nitride, and others. Mining operations have been impacted, which has further impacted product demand. Government restrictions on producing raw materials and the shutdown of the manufacturing industry limit market expansion. With the decrease in the number of cases and market is back on the rise again.

Preparation Abrasives Market

Market Segments Covered in Report

By Material:

  • Natural
  • Synthetic

By Product Type:

  • Bonded
  • Coated
  • Super

By Application:

  • Automotive
  • Electrical & Electronics
  • Metal Fabrication
  • Machinery
  • Others

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why is coated segment expected to generate the highest revenue?

The coated sector maintained the largest market share for abrasives. Grain, a backing material, and bonding adhesive make up the covered section.

These elements give the product a distinctive quality that suits it for various uses. Segment growth will be fueled by coated abrasives in consumer goods, fabrication, hand and power tools, general engineering, furniture, and surgical devices.

Why is the automotive segment expected to expand the fastest during the forecast period?

In 2021, the automotive and transportation sector had the highest revenue share—more than 35.0%. Abrasives are utilized in the automotive industry for various tasks, including coarse and lacquer sanding. To improve the surface finish of automobile components, super abrasives—in the form of diamond discs—are also favored for grinding and polishing.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

  • The greatest revenue share of more than 53.8% was accounted for by the Asia Pacific, which led the global market. The regional market will experience the fastest CAGR between 2022 and 2032 as it continues to grow. Throughout the projection period, market growth is anticipated to be driven by improvements in infrastructure, increased manufacturing sector investments, and an increase in EV production in the region’s developing economies.
  • Due to the increasing product demand from the automotive and, aerospace & military industries, North America is predicted to experience consistent expansion over the next years.

Competition Analysis

Due to the existence of several small- and large-scale businesses, the global market is extremely competitive and fragmented. Companies are implementing a number of strategic efforts to reduce their losses and achieve a competitive advantage.

These actions have enabled market participants to increase their clientele and revenue. With the increasing demand for Preparation Abrasives in the worldwide industry, market players in the Preparation Abrasives market can anticipate attractive growth prospects in the future.

Some of the key developments that have taken place in the Preparation Abrasives Market include:

  • In February 2022, a deal to buy the entire stock of RHODIUS Abrasives was announced by Carborundum Universal Ltd. (CUMI) through its German subsidiary CUMI Abrasives GmbH. The company’s geographic reach is anticipated to increase due to this acquisition.
  • In December 2020, the NIPSEA Group company Nippon Paint India announced the extension of its Range n-Force product line to provide best-in-class solutions for the automobile sector. The n-Force line includes rubbing compounds, waxes & polishes, and abrasives. With this introduction, Nippon Paint is anticipated to become a one-stop shop for customers in the car aftermarket sector.
  • In September 2020, Ali with this acquisition, Ali Industries will add abrasives to its array of patch, repair, and cleaning solutions. Industries, LLC, a producer of sandpaper, was purchased by RPM International Inc., expanding its surface preparation capabilities while offering a top-notch product sector.

A list of some of the key suppliers present in the market are:

  • The 3M Company
  • Saint-Gobain
  • Krebs & Riedel
  • Asahi Diamond Industrial Co., Ltd.
  • Robert Bosch GmbH
  • Fujimi Incorporated
  • Henkel AG & Co. KGaA
  • Carborundum Universal Limited
  • NIPPON RESIBON CORPORATION
  • KWH Mirka
  • NORITAKE CO., LIMITED

Report Coverage and Highlights

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.
Research ScopeDetails
Forecast period2022-2032
Historical data available for2017-2021
Market analysisUSD Million for Value and Tons for Volume, and CAGR from 2022 to 2032
Key regions coveredNorth America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
Key countries coveredUS, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt
Key segments coveredBy Material, Product Type, Application, and Region
Customization scopeAvailable upon Request
Pricing and purchase optionsAvailable upon Request

Frequently Asked Questions

In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 4.2%.

An increase in demand from the automotive sector will help the market expand.

Major global Preparation Abrasives Market players are The 3M Company, Saint-Gobain, Krebs & Riedel, Asahi Diamond Industrial Co., Ltd., Robert Bosch GmbH, Fujimi Incorporated, Henkel AG & Co. KGaA, Carborundum Universal Limited, NIPPON RESIBON CORPORATION, KWH Mirka, NORITAKE CO., LIMITED

Lack of raw material availability and stringent regulations hamper the market.

The Asia Pacific Region is expected to account for the largest market revenue share in the Global Preparation Abrasives market.

  1. Executive Summary
    • Global Market Snapshot
    • Key Success Factors
    • Strategic Analysis and Recommendations
  2. Market Overview
    • Market Taxonomy
    • Market Definitions
  3. Research Methodology
    • Preliminary Investigation & Research Design
    • Secondary Research & Primary Research
    • Data Analysis & Econometric Modelling
    • Expert Data Validation
  4. Key Emerging Trends Analysis
    • Supply-Side Trends
    • Demand-Side Trends
  5. Global Preparation Abrasives Market Value (US$ Mn) and Volume (Tons) Analysis
    • Global Market Value (US$ Mn) Analysis, 2017 – 2032
    • Incremental $ Opportunity Index, 2022-2032
    • Global Market Volume (Tons) Analysis, 2017 – 2032
  6. Global Preparation Abrasives Market Pricing Analysis
    • Regional Level Pricing Analysis and Forecast
      • Manufacturers Level Pricing
      • Distributor Level Pricing
    • Global Pricing Analysis Benchmark
    • Cost Breakdown Analysis
  7. Cross-Sectional Analysis
    • Cross Analysis of Application W.R.T. Product Product Type
  8. Supply Vs. Demand Analysis
    • Regional Supply Vs. Demand Gap Assessment
    • Top Producing Countries Analysis
  9. Market Background
    • Macroeconomic Factors
    • Forecast Factors
    • Market Dynamics
      • Driver
      • Restraint
      • Opportunity
    • Supply Chain Analysis
      • List Raw End-User Suppliers
      • List of Manufacturers
      • List of Distributors
      • List of End-Users
      • End-Users Consumption Analysis
      • Average Profitability Margin Analysis
    • Covid-19 Impact Assessment
      • Economy/Cluster Projections
      • Covid-19 Economic Assessment
      • Impact on Target Market
      • Recovery Scenario
    • Regulatory Framework
      • Regulations of Key Countries
      • Potential Impact of Regulations
    • Porter’s Five Forces Analysis
    • Technology Landscape
  10. Global Preparation Abrasives Market 2017 – 2032 By Materials
    • Introduction
    • Key Market Trends
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Materials [Value (US$ Mn) and Volume (Tons) Analysis]
      • Natural
      • Synthetic
    • Market Attractiveness Analysis by Materials
  11. Global Preparation Abrasives Market 2017 – 2032 by Product Type
    • Introduction
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Product Type [Value (US$ Mn) and Volume (Tons) Analysis]
      • Bonded
      • Coated
      • Super
    • Market Attractiveness Analysis by Product Type
  12. Global Preparation Abrasives Market 2017 – 2032 by Application
    • Introduction
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Application [Value (US$ Mn) and Volume (Tons) Analysis]
      • Automotive
      • Electrical & Electronics
      • Metal Fabrication
      • Machinery
      • Others
    • Market Attractiveness Analysis by Application
  13. Global Preparation Abrasives Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032 by Region
    • Introduction
    • Key Market Trends
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]
      • North America
      • Latin America
      • Europe
      • Asia-Pacific
      • Middle East
      • Africa
    • Market Attractiveness Analysis by Region
  14. North America Preparation Abrasives Market Historical Analysis 2017 – 2021 and Forecast 2022-2033
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • U.S.
        • Canada
      • By Materials
      • By Product Type
      • By Application
    • Market Attractiveness Analysis
      • By Country
      • By Materials
      • By Product Type
      • By Application
  1. Latin America Preparation Abrasives Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Brazil
        • Mexico
        • Rest of Latin America
      • By Materials
      • By Product Type
      • By Application
    • Market Attractiveness Analysis
      • By Country
      • By Materials
      • By Product Type
      • By Application
  1. Europe Preparation Abrasives Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Germany
        • Italy
        • France
        • UK
        • Spain
        • Netherlands
        • Norway
        • Russia
        • Rest of Europe
      • By Materials
      • By Product Type
      • By Application
    • Market Attractiveness Analysis
      • By Country
      • By Materials
      • By Product Type
      • By Application
  1. Asia-Pacific Preparation Abrasives Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • China
        • Japan
        • South Korea
        • India
        • Indonesia
        • Thailand
        • Vietnam
        • Australia & New Zealand
        • Rest of Asia-Pacific
      • By Materials
      • By Product Type
      • By Application
    • Market Attractiveness Analysis
      • By Country
      • By Materials
      • By Product Type
      • By Application
  1. Middle East Preparation Abrasives Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Pricing Analysis
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Saudi Arabia
        • Turkey
        • U.A.E.
        • Rest of the Middle East
      • By Materials
      • By Product Type
      • By Application
    • Market Attractiveness Analysis
      • By Country
      • By Materials
      • By Product Type
      • By Application
  1. Africa Preparation Abrasives Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Pricing Analysis
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • South Africa
        • Nigeria
        • Egypt
        • Rest of Africa
      • By Materials
      • By Product Type
      • By Application
    • Market Attractiveness Analysis
      • By Country
      • By Materials
      • By Product Type
      • By Application
  2. Competition Analysis
    • Tier Structure Breakdown
    • Market Share Analysis
    • Production Capacity Analysis
    • Company Footprint Analysis
      • Product Footprint of Players
      • Regional Footprint of Players
      • Channel Footprint of Players
    • Brand Preference Analysis
    • Competition Dashboard
  3. Company Profiles
    • The 3M Company
      • Company Overview
      • Product & Financial Portfolio
      • Manufacturing Facilities
      • Recent Developments
      • SWOT Analysis
      • Strategy Overview
    • Saint-Gobain
    • Krebs & Riedel
    • Asahi Diamond Industrial Co., Ltd.
    • Robert Bosch GmbH
    • Fujimi Incorporated
    • Henkel AG & Co. KGaA
    • Carborundum Universal Limited
    • NIPPON RESIBON CORPORATION
    • KWH Mirka
    • NORITAKE CO., LIMITED
  4. Assumptions and Acronyms

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