Bonded Abrasives Market Analysis APAC, Europe, North America, South America, Middle East and Africa - China, US, Japan, Brazil, India - Size and Forecast 2024-2028

Bonded Abrasives Market Size 2024-2028 

The bonded abrasives market size is forecast to increase by USD 3.2 billion at a CAGR of 3.26% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for these materials in various industries, including automotive and metal fabrication. In the automotive sector, bonded abrasives are used extensively for cleaning, grinding, scouring, and abrading solid materials. In the metal fabrication industry, they are employed for impact and rubbing actions to shape and finish metals. The electrical & electronics industry also utilizes bonded abrasives for precise grinding applications. However, improper storage of bonded abrasives can lead to technical issues, such as premature wear and damage to the tools. This challenge is particularly relevant for resin grinding wheels and coated abrasives.

What will the size of the market be during the forecast period?

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The market is witnessing growth across various end-user industries, driven by advancements in technology. These abrasives are crucial in residential and commercial projects, where they are used for cutting, grinding, and shaping materials. Bond types, such as resin-bonded and metal-bonded abrasives, are selected based on specific application needs, ensuring efficiency and precision. In particular, grinding wheels and cut-off wheels are integral to metalworking and construction projects. Advanced technology-based machinery is increasingly being adopted to improve performance and reduce production time. The demand for bonded abrasives continues to rise as industries seek more durable, cost-effective solutions for various tasks, from industrial manufacturing to residential renovation and commercial construction, making them essential tools in modern machining processes.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• End-user
  • General engineering and tooling
  • Fabrication
  • Automotive
  • Electronics
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
  • Europe
  • North America
    • US
  • South America
    • Brazil
  • Middle East and Africa

By End-user Insights

The general engineering and tooling segment is estimated to witness significant growth during the forecast period.In the realm of engineering applications, bonded abrasives play a pivotal role in shaping and refining various materials. These abrasives are utilized in the manufacture of grinding wheels, which serve as essential cutting tools. The application of bonded abrasives extends beyond grinding, as they are also employed in advanced technologies such as abrasive jet machining and pencil blasting. These techniques, which involve the use of high-velocity compressed air and loose abrasive grains, generate minimal heat and are suitable for intricate and complex fabrication processes. Bonded abrasives are also indispensable in the production of buffing tools, which are versatile instruments used for a myriad of applications, including cutting, polishing, and scouring.

Buffing is particularly effective in the finishing of items such as pots, pans, alloy ware, and flat pans. The buffing process employs various types of buffs, including meter buffs, wavering buffs, and classic airway buffs, each designed to cater to specific requirements and applications. The electrical & electronics industry and metal fabrication sectors are significant consumers of bonded abrasives due to their extensive use in manufacturing processes. The superior performance and durability of bonded abrasives, coupled with their ability to deliver consistent results, make them a preferred choice for various industries. Bonded abrasives, available in various forms such as steel abrasives, coated abrasives, and resin grinding wheels, are derived from raw super abrasives and undergo a rigorous bonding process to ensure optimal performance.

The use of bonded abrasives not only enhances productivity but also contributes to the production of superior-quality end products. In conclusion, bonded abrasives are a vital component in various engineering applications, offering unparalleled performance and versatility. Their extensive use in grinding wheels and buffing tools makes them indispensable in industries such as electrical & electronics and metal fabrication. The rigorous manufacturing process, coupled with stringent quality control measures, ensures the delivery of high-performance bonded abrasives that cater to the diverse requirements of modern manufacturing processes.

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The general engineering and tooling segment accounted for USD 4.80 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

APAC is estimated to contribute 66% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in Asia Pacific is poised for substantial expansion over the forecast period, driven by the burgeoning automotive, electronics, general engineering and tooling, and construction industries in the region. Economic growth in countries like China, India, and ASEAN nations, coupled with rising per capita income, has fueled an increase in manufacturing activities and consumer purchasing power. In response, key players are expanding their production capacities in developing countries to address the demand-supply gap. The region's growing automotive, machinery, and metal fabrication industries are major consumers of bonded abrasives, used for sharpening, light grinding, superfinishing, polishing, deburring, and other applications on pieces of machinery and machine shafts. Regular maintenance in workshops and factories further boosts the demand for bonded abrasives. The market's growth is expected to continue as these industries continue to evolve and expand.

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Market Driver

Increasing demand for bonded abrasives in automotive industry is the key driver of the market. The global abrasives market encompasses various applications, with the medical sector being one of them. In this sector, bonded abrasives find extensive use in dental tools, enabling doctors to shape and smoothen edges for improved patient care. Vitrified, rubber, and resin bonds are commonly used abrasive materials in this application. Beyond the medical sector, bonded abrasives are indispensable in the metal working industry. They are utilized for grinding and shaping materials to achieve precise shapes and finishes. The automotive industry, in particular, relies heavily on bonded abrasives for tasks such as smoothening welds, cleaning pipe interiors, and preparing surfaces for painting.

The transportation sector's increasing demand, driven by the production of passenger and commercial vehicles, especially in emerging economies, will fuel the consumption of abrasives. Major automotive manufacturing countries, including the US, Japan, Germany, India, and China, are significant consumers of bonded abrasives.

Market Trends

Rising demand for bonded abrasives in APAC is the upcoming trend in the market. The market in APAC is experiencing significant growth due to the expansion of industries such as automotive, machinery, and metal fabrication. Developing economies, including India, Malaysia, Vietnam, Indonesia, and China, are driving this growth through increased production and consumption of industrial goods. In the automotive sector, the demand for bonded abrasives is increasing due to the production of vehicles in APAC. Furthermore, the consumer electronics industry is expected to see a swell in demand for bonded abrasives, particularly in the consumer goods sector, as sales of electronic devices continue to rise. Urban cities in APAC are witnessing an increase in infrastructure projects, residential and commercial construction, which will further boost the market for bonded abrasives.

Minerals, such as aluminum oxide, silicon carbide, and zirconia alumina, are commonly used as abrasive materials for various applications, including surface finish and high-speed applications. The Ministry of Industry in various countries is promoting the use of advanced technologies and eco-friendly abrasives to reduce pollution and improve productivity. Rubber-bonded abrasives are gaining traction for their durability and precision in critical grinding and polishing operations. Companies are leading the market with their innovative products and solutions

Market Challenge

Improper storage causing technical issues is a key challenge affecting the market growth. Proper storage is essential for maintaining the effectiveness of bonded abrasives over the long term. Failure to handle these materials correctly can result in technical issues such as weakened bonds, curling, brittleness, and breakages. Changes in temperature and humidity can significantly impact bonded abrasives, causing backings and adhesives to absorb or release moisture. This can lead to softening of the adhesive bond or excessive dryness, negatively affecting the product's flexibility and shape. Cupping is a common issue that arises when the backing changes more than the adhesive bond due to humidity fluctuations. Concave and convex cupping are two types of defects that can occur as a result.

To mitigate these challenges, it is crucial to maintain stockrooms at consistent temperatures and humidity levels. Regular monitoring is necessary to ensure these conditions remain optimal, preserving the integrity and functionality of bonded abrasives. In industries such as electrical & electronics, machinery, metal fabrication, transportation, and more, bonded abrasives play a vital role in various applications, including grinding wheels, cut-off wheels, super finishing, bore hole preparation, de-scaling, and rust removal. Effective management of bonded abrasive storage is essential for maintaining the quality and performance of these essential machineries and processes. By implementing proper storage practices, businesses can minimize the risk of product defects and ensure consistent production.

Exclusive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

 Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Abrasives Manhattan SA - The company offers rubber bonded abrasives products used in the application during grinding process. 

The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Andre Abrasive Articles
• Ashland Inc.
• Carborundum Universal Ltd.
• Compagnie de Saint Gobain
• Distribution Solutions Group Inc.
• Great Lakes Minerals, LLC
• Hermes Schleifmittel GmbH
• Karbosan
• KLINGSPOR Abrasives Inc.
• Marrose Abrasives
• Master Abrasives Ltd.
• Mirka Ltd.
• Orient Group
• PFERD Inc.
• SAK ABRASIVES Ltd.
• Sia Abrasives Industries AG
• Stanley Black and Decker Inc.
• U.S. Electrofused Minerals, Inc.
• Weiler Abrasives Group

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

The market encompasses a wide range of abrasive materials used for various applications in diverse industries. These abrasives are known for their ability to clean, grind, scour, abrade, and polish solid materials through the impact and rubbing action of their abrasive grains. The construction sector, particularly in urban cities, is a significant consumer of bonded abrasives due to the high demand for surface finish in residential, commercial, and infrastructure projects. Bonded abrasives come in various types, including steel abrasives, coated abrasives, and loose abrasives. Natural and synthetic abrasive grains are used to create these bonded abrasives, which are available in solid form as snagging wheels, mounted wheels, cones, plugs, and various other shapes.

Moreover, the market for bonded abrasives caters to numerous industries, such as electrical & electronics, metal fabrication, and transportation. Applications include precision grinding, cutting, rough grinding, lapping, sharpening, polishing, deburring, and smoothening. In the industrial sector, bonded abrasives are used in workshops for regular maintenance of tools and pieces of machinery. The global abrasives market, which includes bonded abrasives, is expected to grow significantly due to the increasing demand for high-speed applications and the need for clean and smooth finishes in various industries. The market is also driven by the demand for superfinishing in the manufacturing of machine shafts and other components.

Further, the use of bonded abrasives extends to the medical sector, where they are used in dental tools and other medical equipment for smoothening edges and removing rust from surgical instruments. The market is further expected to grow due to the increasing demand for bonded abrasives in the ministry of infrastructure projects in emerging economies.

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What are the Key Data Covered in this Market Research and Growth Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market  and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across APAC, Europe, North America, South America, and Middle East and Africa
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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