openPR Logo
Press release

Abrasives Market to Expand at 5.5% CAGR, Valued at US$ 97.7 Billion by 2031

07-15-2024 04:33 PM CET | Chemicals & Materials

Press release from: Fact.MR

Abrasives Market to Expand at 5.5% CAGR, Valued at US$ 97.7

The global abrasives market was valued at USD 54.03 billion in 2020. By the end of 2031, the market for abrasive consumption is expected to be valued US$ 97.7 billion, growing at a 5.5% CAGR.

Modern materials and products are shaped by the abrasives business, which is fundamental to many industries, including building and manufacturing. This article explores the composition of abrasives, their various applications, and their crucial function in various industries, providing insights into the abrasives market. Comprehending the complexities of abrasives is essential to realising their importance in the materials and manufacturing industries.

Get Free Sample Copy of This Report-https://www.factmr.com/connectus/sample?flag=S&rep_id=7238

Market Growth

The growth of the abrasives market is characterized by its indispensability across industries. Abrasives, with their abrasive particles, are key components in processes like grinding, polishing, and cutting. This market's expansion is driven by the demand for precision and quality in manufacturing, construction, and various other applications. With the constant evolution of abrasive technologies, the market is marked by advancements that enhance productivity and product quality.

Market Opportunities

The abrasives market presents a wide range of opportunities, particularly as industries seek innovative solutions to enhance manufacturing processes and materials. Businesses can capitalize on these opportunities by developing advanced abrasives that cater to specific applications, such as superabrasives for high-precision machining or abrasives with enhanced durability for the construction sector. As industries continue to emphasize quality and efficiency, the abrasives market offers platforms for innovation and product development.

Key Companies Profiled In This Report

Saint Gobain SA
3M
DuPont
TYROLIT
Henkel AG & Co. KGaA
Abrasive Technology Inc.
Allied High Tech Products Inc.
Almatis GmbH
ARC Abrasives Inc.

Country-wise Insights

The U.S. abrasive market holds a substantial global share, particularly in sectors like wood and furniture industries where sandpaper is crucial for fine sanding, profile sanding, and polishing due to its sharpness. Market growth is bolstered by increasing wood demand for residential construction. Additionally, the automotive industry's expansion driven by higher consumer spending and electric vehicle adoption in the U.S. is expected to boost abrasive demand. Meanwhile, China leads globally in abrasives market size, driven by technological advancements and robust demand from industries such as power generation, electronics, medical devices, automobiles, and packaging.

Market Demand

Construction stands out as the primary application for the abrasives industry, buoyed by the rapid pace of urbanization and improved living standards, fueling increased construction activity. Market growth is further bolstered by economic advancement in developing nations and a robust refurbishment sector. Abrasives are indispensable in various construction applications, from woodworking to metal fabrication, influencing the industry's trajectory. Economic growth and the expansion of residential construction are catalysts for transformative changes in the construction industry, driving escalated demand for abrasives and shaping market dynamics.

Notable Developments

Recent years have seen notable developments in the abrasives market. Innovations in abrasive formulations and applications have resulted in materials that can handle high-stress conditions, deliver superior surface finishes, and extend tool life. Notable advancements include the use of superabrasives like diamond and cubic boron nitride for machining hard materials. Sustainability has also become a focal point, with the introduction of eco-friendly abrasive materials and recycling initiatives. These developments underscore the dynamic nature of the abrasives market.

Value Chain

Understanding the value chain of the abrasives market is pivotal for comprehending how abrasive materials move from production to application. It begins with the manufacturing of abrasives, involving the production of abrasive particles, their bonding into various forms, and quality control. These abrasive products are then supplied to industries such as automotive, aerospace, and construction, where they play an essential role in manufacturing, finishing, and polishing. The value chain emphasizes the interconnected stages that contribute to the abrasives market's impact on diverse sectors.

Want Full Report? Enquire Here-https://www.factmr.com/report/abrasives-market

Competitive Landscape

Market players in the abrasives industry are prioritizing key strategies such as technology launches, acquisitions, and research and development initiatives. Abrasive manufacturers are actively forming joint ventures, strategic alliances, and partnerships to expand their production capacities and enhance market penetration.

For example, in May 2021, Saint-Gobain Abrasives introduced Norton Quantum Prime Grinding Wheels featuring proprietary nano-crystalline ceramic grain. This innovation promises significant productivity advantages across diverse applications, illustrating the industry's commitment to technological advancement and meeting market demands.

Contact:

US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com

About Fact.MR:

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Abrasives Market to Expand at 5.5% CAGR, Valued at US$ 97.7 Billion by 2031 here

News-ID: 3581857 • Views:

More Releases from Fact.MR

Fine Blanking Tools Market Projected to Reach USD 1.43 Billion by 2035 | U.S. CAGR at a 5.3%
Fine Blanking Tools Market Projected to Reach USD 1.43 Billion by 2035 | U.S. CA …
The global Fine Blanking Tools Market is set for steady growth over the next decade, driven by rising demand for high-precision components, ongoing industrial automation, and surging requirements from automotive, electronics, and aerospace sectors. According to a recent forecast, the market is expected to grow from approximately USD 948.1 million in 2025 to USD 1,430.6 million by 2035, at a compound annual growth rate (CAGR) of about 4.2 % between
Benzodiazepine Drugs Market is Expanding USD 5.4 billion by 2035 | Pfizer Inc.; Akorn Inc; Hikma; Hameln Pharmaceutical; Accord; Others.
10-08-2025 | Health & Medicine
Fact.MR
Benzodiazepine Drugs Market is Expanding USD 5.4 billion by 2035 | Pfizer Inc.; …
The global benzodiazepine drugs market is projected to expand in the coming decade, driven by growing incidence of anxiety, insomnia, alcohol-withdrawal disorders, and advances in pharmaceutical formulations. According to a recent Fact.MR report, the market was valued at approximately USD 2.35 billion in 2022, and is expected to grow at a compound annual growth rate (CAGR) of 2.8% to reach USD 3.1 billion by 2032. Market Drivers & Outlook The demand for
Ultrasound Systems Market to Surge to Nearly USD 20 Billion by 2035, Led by Advances in 2D, Cart-Based Systems & AI-Enabled Portability
10-08-2025 | Health & Medicine
Fact.MR
Ultrasound Systems Market to Surge to Nearly USD 20 Billion by 2035, Led by Adva …
The global Ultrasound Systems Market is on a strong growth trajectory, projected to rise from USD 10.8 billion in 2025 to approximately USD 19.7 billion by 2035, expanding at a CAGR of 6.2% during the forecast period. This growth is fueled by the rising demand for non-invasive diagnostic imaging, the increasing prevalence of chronic diseases, expanding healthcare infrastructure, and continuous technological innovations such as AI integration and portable imaging systems. Key
Surgical Staplers Market Is Forecasted To Reach USD 6.0 Billion In 2025 | Ethicon US LLC, Cardica Inc., Smith & Nephew Plc, CONMED Corporation., Purple Surgical Inc., Dextera Surgical Inc, and Others.
10-08-2025 | Health & Medicine
Fact.MR
Surgical Staplers Market Is Forecasted To Reach USD 6.0 Billion In 2025 | Ethico …
The global Surgical Staplers Market is forecast to show strong growth over the next decade, nearly doubling in value as demand surges for efficient, reliable wound closure in advanced surgical procedures. According to the latest Fact.MR Surgical Staplers Market Size & Share Forecast Outlook 2025-2035 report, the market is expected to grow from USD 6.0 billion in 2025 to USD 12.5 billion by 2035, at a compound annual growth rate

All 5 Releases


More Releases for Abrasive

Abrasive Blast Equipment Market Set for Dynamic Rise with Key Players like Graco …
The Abrasive Blast Equipment Market 2025 Forecast to 2032 research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Abrasive Blast Equipment industry, as well as predicted future growth, technological advancements, investment prospects,
Global Abrasive Industry Analysis By Geography
Stratistics MRC's Abrasive Market report explains company profiling, key segments, market trends, top players and regional, country-level segments. Materials called abrasives are employed to remove wood, concrete, ceramic, stone, or minerals. These materials offer a refined, completed appearance. The method is frequently used to polish materials to obtain a smooth, shiny surface. These items are used to give fabrics with matte, satin, or beaded finishes a rougher surface. The market's expansion
Abrasive Blasting Market: Getting Back To Growth | Abrasives, AB Shot Tecnics, C …
AMA Research added a comprehensive research document of 200+ pages on 'Abrasive Blasting' market with detailed insights on growth factors and strategies. The study segments key regions that includes North America, Europe, Asia-Pacific with country level break-up and provide volume* and value related cross segmented information by each country. Some of the important players from a wide list of coverage used under bottom-up approach are Abrasives Inc. (United States) AB
Global Abrasive Sanding Discs Market Trends, Growth, Size, Segmentation, Share, …
The market for Abrasive Sanding Discs is growing with the expansion of this Industry Sector Worldwide. Market Research Hub (MRH) has added a new report titled “Global Abrasive Sanding Discs Market Insights, Forecast to 2025” which offer details about the current trends and analysis, as well as scope for the near future. This research study also covers information about the production, consumption and market share based on different active regions.
Global Abrasive Belt Market Status, Market Drivers, Opportunities and Future For …
Market Research Hub (MRH) has recently broadcasted a new study to its broad research portfolio, which is titled as “Global Abrasive Belt Market Insights, Forecast to 2025” provides an in-depth analysis of the Abrasive Belt with the forecast of market size and growth. The analysis includes addressable market, market by volume, market share by business type and by segment (external and in-house).The research study examines the Abrasive Belt on the
Global Abrasive Blast Systems (ABS) Market 2017 by Manufacturers - Rosler, Titan …
The report Global Abrasive Blast Systems (ABS) Industry is an insightful reference for new entrants and established players in the Global Abrasive Blast Systems (ABS) market. The data in the report presents a review of the most updated market trends. Furthermore, the report addresses the latest key industry events and their impact on the Global Abrasive Blast Systems (ABS) market. Download Free Sample Report @ http://www.fiormarkets.com/report-detail/34390/request-sample Covering Manufacturers Titan Abrasive Systems Abrasive Blast Systems,