Metal Fabrication segment to dominate India Abrasives Market through FY2027

Increasing expenditure capacity of the consumers and growing infrastructural developments is expected to drive the demand for India abrasives market in the forecast period.

According to TechSci Research report, “India Abrasives Market By Type (Bonded, Coated, and Super) By Material (Natural and Synthetic) By End-user Industry (Automotive, Metal Fabrication, Machinery, Electronics, Construction, and Others), By Region, Company Forecast & Opportunities, FY2027”, The India abrasives market is expected to witness steady growth in the forecast period. Abrasives are hard materials that find different applications in technological, industrial, and domestic applications and can be used to finish or shape a workpiece. Abrasives can be categorized majorly into two categories including natural abrasives namely pumice, garnet, emery, corundum, amongst others, and synthetic abrasives namely synthetic diamond, alumina, silicon carbide, among others. The rise in the development of the manufacturing sector and the high demand for pre-engineered buildings and components are contributing to the growth of the abrasives market. High demand from the prominent end-user industries including agriculture, automotive, aerospace, medical amongst others are accelerating the growth of the abrasive market. The increasing growth of the automotive sector is influencing the demand for abrasives as they are used for various applications such as engine part sizing, smooth the welds, clean the inside of the pipe, and others. The development of the molded auto and the engine bodies and the innovation of the manufacturing robot to streamline the manufacturing process and increase the overall efficiency of the process has contributed to shifting the demand of the abrasives market to the mechanic shops, auto parts suppliers, among others. An increase in the demand of the heavy machinery industry to use in the metal cutting applications, grinding and the crushing of the mining equipment is contributing to the rise in the abrasives market growth. Abrasives are also in high demand from the electrical and electronics industry for slicing and grinding of the electronic components and several of the hard components such as silicon, quartz to produce the compact disc and circuit components.

Due to the ongoing pandemic COVID-19, the lockdown was imposed all over the country. A complete shutdown was observed, and people started practicing social distancing and started following the precautionary guidelines. The imposition of strict regulations and policies imposed by the leading authorities led to the effect that businesses had to suffer huge losses. Manufacturing units were shut down and the loss of availability of skilled laborers led to the market decline. The number of units imported or exported to other countries also suffered a huge loss. After the lifting of lockdown, companies are expected to be again operational with full production capacity, and the market is expected to pick up the pace eventually.

However, the rise in raw material costs may hamper the abrasives market growth in the forecast period.

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India abrasives market is segmented into type, material, end-user industry, regional distribution, and company. Based on the type, the market can be divided into bonded, coated, and super. The bonded segment followed closely by the coated segment is expected to dominate the abrasives market in the next five years. Bonded abrasives are made by attaching them with the matrix, which is also called the binder, and the bonded abrasive can be used to made using the rubber, clay, resin, or glass. Bonded abrasives consist of the snagging wheels, mounted wheels, grinding wheels, amongst others owing to their greater operational capability and their high efficiency.

Carborundum Universal Ltd, Grindwell Norton Ltd, Wendt India Ltd, Hindustan Abrasives, Sterling Abrasives Limited, Orient Abrasives Limited, Welcast Steels Ltd, Asahi Diamond Industrial India Private Limited, Bosch Limited, Henkel Anand India Private Limited are the leading players operating in India abrasives market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several abrasives manufacturers are coming up with their technologically advanced offerings.

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“Indian government is launching several initiatives and schemes to boost and provide the production-linked incentive to large-scale manufacturing industries and attract investments for the growth of the mobile phone manufacturing and consumer electronics industry. Also, the support from the government for the adoption of the BS-VI norms and the high demand for electric vehicles due to rising concerns regarding the effect of greenhouse gases into the environment in addition to high-scale manufacturing of electric vehicles and their charging stations is expected to propel the abrasives market growth till FY2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“India Abrasives Market By Type (Bonded, Coated, and Super) By Material (Natural and Synthetic) By End-user Industry (Automotive, Metal Fabrication, Machinery, Electronics, Construction, and Others), By Region, Company Forecast & Opportunities, FY2027” has evaluated the future growth potential of India abrasives market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of India abrasives market.

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