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Bonded Abrasives Market: Increasing demand for bonded abrasives from the automotive industry to drive growth
The increasing demand for bonded abrasives from the automotive industry is one of the key drivers supporting the bonded abrasives market growth. Bonded abrasives are popularly used abrasives in the automotive industry. In the transportation sector, coated abrasives are used in finishing and grinding applications. Increasing motor vehicle production will drive the demand for abrasives during the forecast period. Moreover, the rising demand for passenger and commercial vehicles, especially in developing economies, such as China and other countries in APAC, will increase the consumption of abrasives. Thus, the increasing automotive production in APAC will drive the use of bonded abrasives in vehicle production during the forecast period.
Bonded Abrasives Market: Rising demand for abrasives in APAC to be a major trend contributing to the bonded abrasives market growth
The rising demand for abrasives in APAC is one of the key trends contributing to the bonded abrasives market growth. The rising consumption of consumer goods, such as refrigerators, air conditioners, furniture, and decorative items for walls, will drive the use of bonded abrasives during the forecast period. Factors such as the availability of raw materials and cost-effective labor and the increasing gross domestic product of various countries have a positive influence on the bonded abrasives market in APAC. Abrasives are used for polishing and finishing glass substrates, lenses, and other materials in electronic components and high-end optic-related segments. Thus, capacity expansions will drive the demand for bonded abrasives in APAC during the forecast period.
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Bonded Abrasives Market: Segmentation Analysis
This market research report segments the bonded abrasives market by End-user (General engineering and tooling, Fabrication, Automotive, Electronics, and Others) and Geography (APAC, Europe, North America, South America, and the Middle East and Africa).
The bonded abrasives market share growth by the general engineering and tooling segment will be significant for revenue generation. Bonded abrasives are used for shaping various tools for grinding applications. They are applied to tools such as saws, drills, reamers, broaches, and milling cutters to keep them sharp. Grinding is a widely used process in bonded abrasive machining that is used in general engineering and tooling. In general engineering applications, bonded abrasives give tools a superior surface finish, dimensional accuracy, and desired shape. As bonded abrasives are critical in general engineering and tooling applications, the demand for bonded abrasives is expected to increase. Such factors will boost the segment growth during the forecast period.
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Bonded Abrasives Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.62% |
Market growth 2022-2026 |
USD 4.7 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.83 |
Performing market contribution |
APAC at 69% |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Abrasives Manhattan SA, Andre Abrasive Articles, Ashland Global Holdings Inc., PFERD Inc., Carborundum Universal Ltd., Compagnie de Saint Gobain SA, Great Lakes Minerals, LLC, Hermes Schleifmittel GmbH, Karbosan, KLINGSPOR Abrasives Inc., Lawson Products, Inc., Marrose Abrasives, Master Abrasives Ltd., Mirka Ltd., Orient Group, SAK ABRASIVES Ltd., Sia Abrasives Industries AG, Stanley Black and Decker Inc., U.S. Electrofused Minerals, Inc., and Weiler Abrasives Group |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Content
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by End-user
- 5.1 Market segments
- Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
- Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
- 5.2 Comparison by End-user
- Exhibit 26: Chart on Comparison by End-user
- Exhibit 27: Data Table on Comparison by End-user
- 5.3 General engineering and tooling - Market size and forecast 2021-2026
- Exhibit 28: Chart on General engineering and tooling - Market size and forecast 2021-2026 ($ billion)
- Exhibit 29: Data Table on General engineering and tooling - Market size and forecast 2021-2026 ($ billion)
- Exhibit 30: Chart on General engineering and tooling - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on General engineering and tooling - Year-over-year growth 2021-2026 (%)
- 5.4 Fabrication - Market size and forecast 2021-2026
- Exhibit 32: Chart on Fabrication - Market size and forecast 2021-2026 ($ billion)
- Exhibit 33: Data Table on Fabrication - Market size and forecast 2021-2026 ($ billion)
- Exhibit 34: Chart on Fabrication - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Fabrication - Year-over-year growth 2021-2026 (%)
- 5.5 Automotive - Market size and forecast 2021-2026
- Exhibit 36: Chart on Automotive - Market size and forecast 2021-2026 ($ billion)
- Exhibit 37: Data Table on Automotive - Market size and forecast 2021-2026 ($ billion)
- Exhibit 38: Chart on Automotive - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Automotive - Year-over-year growth 2021-2026 (%)
- 5.6 Electronics - Market size and forecast 2021-2026
- Exhibit 40: Chart on Electronics - Market size and forecast 2021-2026 ($ billion)
- Exhibit 41: Data Table on Electronics - Market size and forecast 2021-2026 ($ billion)
- Exhibit 42: Chart on Electronics - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Electronics - Year-over-year growth 2021-2026 (%)
- 5.7 Others - Market size and forecast 2021-2026
- Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ billion)
- Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ billion)
- Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.8 Market opportunity by End-user
- Exhibit 48: Market opportunity by End-user ($ billion)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 50: Chart on Market share by geography 2021-2026 (%)
- Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 52: Chart on Geographic comparison
- Exhibit 53: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 North America - Market size and forecast 2021-2026
- Exhibit 62: Chart on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 63: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 64: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 China - Market size and forecast 2021-2026
- Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.9 US - Market size and forecast 2021-2026
- Exhibit 78: Chart on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 79: Data Table on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 80: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.10 Japan - Market size and forecast 2021-2026
- Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.11 India - Market size and forecast 2021-2026
- Exhibit 86: Chart on India - Market size and forecast 2021-2026 ($ billion)
- Exhibit 87: Data Table on India - Market size and forecast 2021-2026 ($ billion)
- Exhibit 88: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on India - Year-over-year growth 2021-2026 (%)
- 7.12 Brazil - Market size and forecast 2021-2026
- Exhibit 90: Chart on Brazil - Market size and forecast 2021-2026 ($ billion)
- Exhibit 91: Data Table on Brazil - Market size and forecast 2021-2026 ($ billion)
- Exhibit 92: Chart on Brazil - Year-over-year growth 2021-2026 (%)
- Exhibit 93: Data Table on Brazil - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 94: Market opportunity by geography ($ billion)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 95: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 97: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 98: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 99: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 100: Matrix on vendor position and classification
- 10.3 Abrasives Manhattan SA
- Exhibit 101: Abrasives Manhattan SA - Overview
- Exhibit 102: Abrasives Manhattan SA - Product / Service
- Exhibit 103: Abrasives Manhattan SA - Key offerings
- 10.4 Carborundum Universal Ltd.
- Exhibit 104: Carborundum Universal Ltd. - Overview
- Exhibit 105: Carborundum Universal Ltd. - Business segments
- Exhibit 106: Carborundum Universal Ltd. - Key offerings
- Exhibit 107: Carborundum Universal Ltd. - Segment focus
- 10.5 Compagnie de Saint Gobain SA
- Exhibit 108: Compagnie de Saint Gobain SA - Overview
- Exhibit 109: Compagnie de Saint Gobain SA - Business segments
- Exhibit 110: Compagnie de Saint Gobain SA - Key news
- Exhibit 111: Compagnie de Saint Gobain SA - Key offerings
- Exhibit 112: Compagnie de Saint Gobain SA - Segment focus
- 10.6 Marrose Abrasives
- Exhibit 113: Marrose Abrasives - Overview
- Exhibit 114: Marrose Abrasives - Product / Service
- Exhibit 115: Marrose Abrasives - Key offerings
- 10.7 Mirka Ltd.
- Exhibit 116: Mirka Ltd. - Overview
- Exhibit 117: Mirka Ltd. - Product / Service
- Exhibit 118: Mirka Ltd. - Key offerings
- 10.8 PFERD Inc.
- Exhibit 119: PFERD Inc. - Overview
- Exhibit 120: PFERD Inc. - Product / Service
- Exhibit 121: PFERD Inc. - Key offerings
- 10.9 SAK ABRASIVES Ltd.
- Exhibit 122: SAK ABRASIVES Ltd. - Overview
- Exhibit 123: SAK ABRASIVES Ltd. - Product / Service
- Exhibit 124: SAK ABRASIVES Ltd. - Key offerings
- 10.10 Sia Abrasives Industries AG
- Exhibit 125: Sia Abrasives Industries AG - Overview
- Exhibit 126: Sia Abrasives Industries AG - Product / Service
- Exhibit 127: Sia Abrasives Industries AG - Key offerings
- 10.11 Stanley Black and Decker Inc.
- Exhibit 128: Stanley Black and Decker Inc. - Overview
- Exhibit 129: Stanley Black and Decker Inc. - Business segments
- Exhibit 130: Stanley Black and Decker Inc. - Key news
- Exhibit 131: Stanley Black and Decker Inc. - Key offerings
- Exhibit 132: Stanley Black and Decker Inc. - Segment focus
- 10.12 Weiler Abrasives Group
- Exhibit 133: Weiler Abrasives Group - Overview
- Exhibit 134: Weiler Abrasives Group - Product / Service
- Exhibit 135: Weiler Abrasives Group - Key offerings
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 136: Inclusions checklist
- Exhibit 137: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 138: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 139: Research methodology
- Exhibit 140: Validation techniques employed for market sizing
- Exhibit 141: Information sources
- 11.5 List of abbreviations
- Exhibit 142: List of abbreviations
- type: Includes upstream (involves exploration and production (extraction) of metals and minerals);
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