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Growing Electrical Vehicle (EV) Industry Is Driving The Future Of The Abrasives Market : A Key Catalyst Accelerating Abrasives Market Growth in 2025
Abrasives
Abrasives Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the abrasives market has witnessed significant growth. The market size is projected to increase from $46.55 billion in 2024 to $50.72 billion in 2025, with a compound annual growth rate (CAGR) of 9.0%. Factors such as construction and infrastructure development, heightened level of urbanization, increasing industrialization, growth in disposable income, and an increased demand for sustainable and eco-friendly materials have contributed to the growth during the historic period.
Abrasives Market Size Forecast: What's the Projected Valuation by 2029?
The size of the abrasives market is anticipated to experience significant expansion in the coming years, with projections indicating growth to $70.15 billion in 2029 at a compound annual growth rate (CAGR) of 8.4%. The anticipated increase during the forecast period can be attributed to factors such as the escalating demand for abrasives in robust applications, the mounting requirement for abrasives in the aerospace sector, an increase in the need for coated abrasives in the electronics sphere, an elevated focus on safety and ergonomics in the design of abrasives equipment, and the growing acceptance of green building standards. Key trends expected during this forecast period include advancements in abrasives technology, emphasis on sustainable practices, customization and specialization, digitalization in the field of abrasives, and its application in 3D printing.
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What Are the Drivers Transforming the Abrasives Market?
The surge in the electric vehicle (EV) sector is predicted to catalyze an expansion in the abrasives market. EVs, powered by electric motors and requiring charging at electrical stations as opposed to the use of internal combustion, are on an upward trajectory. This trend is closely tied to the ongoing efforts to install EV charging stations on a global scale, due to the continued and projected growth of the electric car industry. This, in turn, will fuel the demand for stainless steel - and the necessary abrasives for its finishing - driving a rise in the production of these EV charging stations for many years to come. In virtually all scenarios, stainless steel must undergo an abrasive procedure before it can be substantially employed in real-world applications. Every stainless-steel weld mandates some level of grinding and polishing. For example, a report produced by the France-based International Energy Agency in April 2024 revealed that nearly 14 million electric cars were sold internationally in 2023, a 35% rise from 2022. Electric cars represented about 18% of all new car sales in 2023, a notable increase from 14% in 2022 and merely 2% in 2018. By the end of 2023, the total number of electric vehicles in use climbed to 40 million. Hence, the flourishing EV industry is a key factor propelling the development of the abrasives market.
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What Long-Term Trends Will Define the Future of the Abrasives Market?
Key players in the abrasives industry are using strategic partnership strategies to widen their market reach. This method basically enables companies to capitalize on each other's strengths and resources to attain shared benefits and prosperity. For example, in October 2023, Compagnie de Saint-Gobain S. A., a firm based in France known for producing a variety of building materials and high-performance items, entered a partnership with Dedeco International Inc, a specialty abrasives manufacturer from the USA. This partnership enables Saint-Gobain Abrasives to distribute Dedeco's sunburst line of thermoplastic-bonded abrasives. These are inclusive of brushes and discs with radial bristles, used for polishing, deburring, cleaning, and finishing metals and other substances. The end goal of this connection is to broaden the array of abrasives Saint-Gobain Abrasives supplies to its North American customer base.
Which Segments in the Abrasives Market Offer the Most Profit Potential?
The abrasives market market covered in this report is segmented -
1) By Raw Material: Natural, Synthetic
2) By Type: Bonded Abrasives, Coated Abrasives, Super Precision Abrasives, Super Construction Abrasives
3) By Form: Block Form, Powdered Form
4) By Application: Grinding, Cutting, Polishing, Drilling, Finishing, Other Applications
5) By End User: Automotive, Machinery, Aerospace, Electrical & Electronics, Construction, Furniture
Subsegments:
1) By Bonded Abrasives: Grinding Wheels, Mounted Points, Abrasive Bricks, Bonded Abrasive Discs
2) By Coated Abrasives: Sanding Discs, Abrasive Belts, Sheets And Rolls, Flap Discs
3) By Super Precision Abrasives: Diamond Abrasives, CBN (Cubic Boron Nitride) Abrasives, High-Performance Grinding Tools
4) By Super Construction Abrasives: Cutting Tools, Specialty Abrasives For Construction Applications, Heavy-Duty Grinding Wheels
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Which Firms Dominate the Abrasives Market by Market Share and Revenue in 2025?
Major companies operating in the abrasives market market include Robert Bosch GmbH, Minnesota Mining and Manufacturing Company, Saint-Gobain Abrasives Inc., Fujimi Incorporated, Henkel AG & CO. KGAA, Tyrolit India Tool Pvt. Ltd., Asahi Diamond Industrial Co. Ltd., Deerfos Co. Ltd., Carborundum Universal Limited, Nippon Resibon Corporation, Krebs & Riedel Schleifscheibenfabrik GmbH & Co. KG, Abrasiflex Pty Ltd., Noritake Co. Ltd., Sankyo-Rikagaku Co. Ltd., Sia Abrasives Industries AG, Jason Incorporated, Schaffner Manufacturing Company Inc., North Industries Group Red Arrow Co. Ltd., 3M Deutschland GmbH, SAK ABRASIVES Inc., ARC Abrasives Inc., Arconic Corporation, DowDuPont Inc., Fiven ASA, Henan Huanghe Whirlwind Co. Ltd., Hermes Schleifmittel GmbH & Co. KG, Imerys S. A, Jowitt & Rodgers Co., Klingspor AG, Grindwell Norton Ltd., Luossavaara-Kiirunavaara AktiebolagMinerals AB, Mirka Ltd., Pferd Pharmaceutical Private Limited, Suhner Holding AG, Vereinigte Schmirgel- und Maschinen-Fabriken AG., Wendt (India) Limited, WINOA IKK JAPAN Co. Ltd., Y. Ikemura & Co. Ltd., Zische Schleifwerkzeuge GmbH
Which Regions Offer the Highest Growth Potential in the Abrasives Market?
Asia-Pacific was the largest region in the abrasives market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the abrasives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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