Seattle, WA -- (SBWire) -- 11/07/2019 --Abrasives are the materials used to shape or finish a work piece through rubbing to obtain the smooth final product. Abrasive is found naturally and is brittle in nature but can be produced synthetically. Calcium carbonate (calcite), diamond dust, and emery are some of the naturally occurring abrasives and beneficial for processes of grinding, sharpening, polishing, sanding, cutting, and buffing.

Market Dynamics

Excellent properties such as hardness, durability, flexibility, durability, and brittleness of abrasives as these properties are necessary across end-user industries such as machinery, automotive, and metal fabrication are the major factor propelling the market growth of abrasives over the forecast timeframe.

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On the other hand, fluctuating prices of raw materials such as silica sand and carbon are projected to hamper the market growth. Additionally, limited availability of natural abrasives as compared to synthetic substitute and health issues associated with silicosis such as breathing problems and lung cancer due to exposure to silica sand is projected to curb the market growth.

Market Outlook

1. By material type, synthetic segments are accounted for the major share owing to its easy availability as compared to naturally occurring ones.

2. Although synthetic abrasives consist of certain impurities, these abrasives are preferred over natural occurring abrasives such as emery and corundum because of their higher grain sizes.

3. The automotive sector has emerged as the largest end-user industry owing to ongoing innovation in products in the industry. Some innovations like Tesla, driverless tractors, etc. are examples of emerging technologies that will continue to expand over the forecast period owing to the booming digital era.

4. According to the Indian Brand Equity Foundation (IBEF), in 2017, the Indian infrastructure sector witnessed 91 mergers and acquisitions deals worth US$ 5.4 billion. This will have an impact on the logistics industry of the region.

5. In 2016, as per the World Bank's Logistics Performance Index, India ranked 35th among 160 countries. This can be attributed to the ongoing industrialization, construction, and automation across Asian countries like India and China. Since then, the Asia Pacific abrasives market is expected to dominate the market positioning followed by Europe and North America. Key players such as Robert Bosch, Saint-Gobain and 3M have their headquarters in Europe and North America respectively owing to the growing market share from these players over the forecast period.

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Major players

Key players operating in the global abrasives market include Robert Bosch, 3M, Saint-Gobain, Henkel, Fujimi, Asahi Diamond Industrial, and others.

Market Segmentation

By Material Type

- Natural

- Synthetic

By Product Type

- Bonded

- Coated

- Super Abrasives

By End-Use Industry

- Automotive

- Machinery

- Metal Fabrication

- Construction

- Electronic and Electrical Equipment

- Others

By Region

- North America

- Latin America

- Europe

- Asia Pacific
- Middle East & Africa

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