The Abrasives Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Abrasives Market?
The size of the abrasives market has been experiencing robust growth recently. 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%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Abrasives Industry?
By 2029, the abrasives market is predicted to grow to $70.15 billion, expanding at a compound annual growth rate (CAGR) of 8.4%.
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What are the Key Growth Drivers Fueling the Abrasives Market?
The key drivers in the abrasives market are:
• Rising demand for abrasives in heavy-duty applications
• Growth in demand for abrasives within the aerospace industry
• Increase in the use of coated abrasives in the electronics sector
• Enhanced focus on safety and ergonomic factors in the design of abrasive equipment.
Global Market Segmentation: Identifying Major Abrasives Industry Segments
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
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What are the Emerging Trends Shaping the Future of the Abrasives Market?
The key trends in the abrasives market are:
• The abrasives market is witnessing advancements in technology.
• There is an increased focus on sustainability in the market.
• Customization and specialization are emerging as significant trends.
• Digitalization in abrasives and their applications in 3D printing are shaping the market.
Who Are the Top Competitors & Leading Players in the Abrasives Market?
Major companies in the abrasives market are:
• Robert Bosch GmbH
• Minnesota Mining and Manufacturing Company
• 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.
• Mirka Ltd.
• Pferd Pharmaceutical Private Limited
• Suhner Holding AG
• Wendt (India) Limited
• WINOA IKK JAPAN Co. Ltd.
• Y. Ikemura & Co. Ltd.
• Zische Schleifwerkzeuge GmbH
Regional Dominance: Which Area Leads the Global Abrasives Market?
Asia-Pacific was the largest region in the abrasives market in 2024
