Abrasives Market Share & Forecast 2024–2030: Insights & Drivers

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Jul 17, 2025 - 12:53

Abrasives Market Share & Forecast 2024–2030: Insights & Drivers

Market Size, Growth & Valuation (2024-30)

Abrasives Market size was valued at USD 35.5 Billion in 2022 and is projected to grow at a CAGR of around 4.5% during the forecast period, i.e., 2024-30.

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Abrasives Market Structure – Segmentation & Geography

By Type

Coated Abrasive
Bonded Abrasive
- By Bonding Agents
  - Vitreous
  - Resin
  - Metal Bonded
  - Electroplated
  - Rubber
  - Others
- Super Abrasive

Between the two, coated abrasives dominated the market with the largest revenue share in 2022, and the same trend is likely during 2024-30.

By Raw Material

Synthetic
- Aluminum oxide
- Metallic abrasives
- Silicon carbide
- Others
Natural

By Application

Machinery
Aerospace
Metal Fabrication
Automotive
Electrical & Electronics
Others

the metal fabrication application of abrasives has proliferated in recent years and is likely to witness rapid growth, hinting at the inflated Abrasives Market size during 2024-30.

By Region

North America
South America
Europe
Middle East & Africa
Asia-Pacific.

Asia-Pacific is anticipated to dominate the Abrasives Market with the largest share during 2024-30.

Key Growth Trends (2024-2030)

Mounting Demand for Abrasives, Driven by Increasing Infrastructure Development Activities: Numerous countries worldwide are increasingly focusing on developing their infrastructure across diverse sectors, such as commercial, residential, & industrial areas. Such projects include the construction & development of commercial areas, such as airports, shopping malls, railway stations, highways, roads, & tunnels, coupled with industrial construction activities associated with manufacturing plants, steel & mining industries, metal fabrication, as well as the construction of smart cities & rural areas, among others, indicating a substantial rise in demand for abrasives over the coming years.

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Research Methodology

MarkNtel Advisors employs a thorough and iterative research methodology to enhance accuracy in market estimates. Our process combines bottom-up and top-down approaches, focusing on data triangulation for validation. It includes defining research objectives, selecting representative samples, and collecting data through surveys and interviews. Post-collection, we analyze and validate the data using statistical tools, ensuring reliability. Finally, we forecast market trends through predictive modeling, compiling our insights into detailed reports with charts and strategic recommendations for informed decision-making.

Competitive Analysis Framework

The Abrasives industry is moderately fragmented, with key players focusing on technological advancements and strategic partnerships. A detailed competitive analysis helps businesses benchmark against industry leaders and identify growth opportunities.

Leading Abrasives Companies are:

Robert Bosch GMBH
3M Company
Saint-Gobain Abrasives, Inc.
Fujimi Incorporated
Asahi Diamond Industrial Co., Ltd.
Cumi Murugappa Group (Carborundum Universal Limited)
Mirka Ltd.
Henkel AG & Co. KGaA
Nippon Resibon Corporation
Sankyo Rikagaku Co., Ltd.
Noritake Co. Ltd.
Tyrolit Group
Boride Engineered Abrasives
Flexovit USA, Inc.
Abrasive Technology, Inc.

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Key Questions Answered in This Report:

What is the current market size of Abrasives, and what growth rate is projected by 2030?
Which key trends are driving Abrasives market expansion in the next five years?
How does market segmentation impact industry dynamics?
Which geographic regions offer the highest growth potential?
What are the primary challenges hindering Abrasives industry growth?
How do regulatory policies influence market development?
What are the latest technological advancements impacting the sector?
Who are the leading Abrasives companies, and what are their market shares?
What strategies are top competitors adopting to maintain dominance?
What are the emerging niche segments with high growth potential?
How do macroeconomic factors affect market performance?
What are the investment opportunities for new entrants?
How does pricing strategy vary across different market segments?
What are the future innovation trends expected in this industry?

Other Report:

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