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The bonded abrasives market size is estimated to grow by USD 3.2 billion at a CAGR of 3.26% between 2023 and 2028. Bonded abrasives have gained significant traction in various industries due to their superior performance and versatility. In the automotive sector, the increasing demand for high-quality surface finishing and deburring applications is driving the use of bonded abrasives. Furthermore, in the electronics industry, the need for precise and efficient material removal during manufacturing processes has led to an upsurge in the adoption of bonded abrasives. Additionally, the rising demand for pressure-sensitive adhesive (PSA)-backed coated abrasives is expanding their application scope in automotive and electronics industries, offering advantages such as ease of use, improved productivity, and reduced waste. These trends underscore the growing importance of bonded abrasives in diverse industries and their role in enhancing manufacturing efficiency and product quality.
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The market is segmented by Bond Type, End-user Industry, and Region. The market growth is driven by the increasing demand from the construction sector, particularly in emerging economies. The use of bonded abrasives is widespread in various end-user industries such as construction, electrical & electronics, machinery, metal fabrication, transportation, and others. In the construction sector, bonded abrasives are extensively used for surface finish in residential, commercial, and infrastructure projects. High-speed applications and urban cities are significant consumers of bonded abrasives due to the high demand for precision and efficiency. Minerals like aluminum oxide, silicon carbide, and zirconia alumina are commonly used types of abrasive materials in bonded abrasives. 3M, a leading player in the market, offers a wide range of grinding wheels, cut-off wheels, and super finishing machineries. Environmental concerns due to pollution from abrasive dust are a major challenge for the market. However, the development of clean abrasives and advancements in technology to reduce dust generation are expected to mitigate this issue. The market is expected to witness significant growth in the forecast period due to the increasing demand from various end-user industries and the development of advanced abrasive materials and technologies. 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.
The increasing demand for bonded abrasives in automotive industry is notably driving market growth. In various industries, including machine shops, workshops, and the medical sector, bonded abrasives play a crucial role in precision grinding, cutting, lapping, sharpening, polishing, deburring, and superfinishing. These abrasives are available in different types of bonds such as rubber-bonded, vitrified, and resin-bonded, each suited for specific applications. In the metal working industry, they are used for grinding and shaping materials to remove unwanted material and prepare surfaces for further processing. Rubber-bonded abrasive wheels are commonly used for rough grinding, while light grinding and smoothening are often performed using vitrified bonds. In the medical sector, bonded abrasives are employed for manufacturing dental tools and other precision instruments, ensuring a smooth finish and high accuracy. In the electrical & electronics, machinery, and transportation sectors, bonded abrasives are used extensively for machine shafts, boreholes, and machine blocks during regular maintenance. The global abrasives market is expected to grow significantly due to the increasing demand for precision tools and pieces of machinery. The automotive industry, especially in countries like Germany, Japan, the US, India, and China, uses a substantial amount of bonded abrasives for vehicle production. Additionally, the rising demand for passenger and commercial vehicles, particularly in developing economies, will further boost the consumption of abrasives. Thus, such factors are driving the growth of the market during the forecast period.
The rising demand for bonded abrasives in APAC is the key trend in the market. The market in APAC is experiencing significant growth due to the expanding automotive, machinery, and metal fabrication industries. This region is witnessing increased consumption and production of industrial products in developing economies, including India, Malaysia, Vietnam, Indonesia, and China. The automobile sector's growth in APAC will have a substantial impact on the global market, as these industries require precision grinding, cutting, lapping, sharpening, polishing, deburring, and smoothening for various machine shafts, boreholes, and machine blocks. In addition, the electronics industry's growing sales of electrical and electronic devices will fuel the demand for bonded abrasives, particularly in the consumer goods sector, for removing material from pieces of machinery during manufacturing processes. The medical sector, specifically dental tools, also utilizes bonded abrasives for shaping and smoothening edges for improved patient care. The market for bonded abrasives is segmented into Vitrified Bonds, Rubber Bonds, and Resin Bonds, catering to various applications in the Metal Working industry, transportation, and other sectors. Regular maintenance in workshops is essential to ensure the smooth finish and long life of tools and machinery, further increasing the demand for bonded abrasives. Thus, such trends will shape the growth of the market during the forecast period.
The improper storage causing technical issues is the major challenge that affects the growth of the market. Bonded abrasives are essential components in various industries, including machine shops, workshops, and the medical sector, for precision grinding, cutting, lapping, sharpening, polishing, deburring, and superfinishing. These abrasives come in different types of bonds, such as rubber-bonded, vitrified, and resin-bonded, each with unique properties suitable for specific applications. Proper handling and storage are crucial to maintain the effectiveness and durability of bonded abrasives. Improper storage can lead to technical challenges, such as weakened bonds, curling, brittleness, and breakages. Temperature and humidity changes can significantly impact bonded abrasives, causing adhesive bond softening or excessive dryness, reducing flexibility and distorting the product. Cupping is a common issue in bonded abrasives, caused by humidity changes resulting in concave or convex deformities. To prevent these issues, it's essential to maintain stockrooms at constant temperature and humidity levels, with regular monitoring to ensure they remain within the optimum range. Bonded abrasives play a vital role in various industries, including metal working, electrical & electronics, machinery, and transportation. In the medical sector, they are used for producing dental tools and smoothening edges for doctors to ensure a smooth finish for patients. Regular maintenance and proper handling are necessary to ensure the best possible results from these pieces of machinery and tools. Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovatorâs stage to the laggardâs 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
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 also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
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.
The general engineering and tooling segment is estimated to witness significant growth during the forecast period. The market encompasses a wide range of applications, including precision grinding, cutting, lapping, sharpening, polishing, deburring, and superfinishing. In machine workshops and factories, these abrasives are essential for regular maintenance of tools and pieces of machinery. The market caters to various industries such as the Metal Working industry, Electrical & electronics, Machinery, and Transportation.
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The general engineering and tooling segment accounted for USD 4.8 billion in 2018. Rubber-bonded abrasive wheels are commonly used for rough grinding and cutting tasks, while vitrified bonds are preferred for high-precision applications like lapping and polishing. Light grinding and smoothening are often carried out using resin bonds. These abrasives play a crucial role in manufacturing machine shafts, boreholes, and machine blocks, ensuring a smooth finish and reducing roughness. The medical sector, specifically dental tools, benefits significantly from bonded abrasives for smoothening edges and ensuring the highest level of accuracy for doctors to provide optimal patient care. The global abrasives market is segmented into various types of bonds, including rubber, vitrified, and resin bonds. The demand for these abrasives continues to grow due to their versatility and importance in various industries.
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APAC is estimated to contribute 66% to the growth of the global market during the market forecast period. Technavioâs analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market encompasses a wide range of abrasive materials used for various high-speed applications in the construction sector, including urban cities and emerging economies. The market offers diverse product categories such as Bonded abrasives, Steel abrasives, Coated abrasives, and Loose abrasives. These abrasives serve essential functions in various industries, including the electrical & electronics industry and metal fabrication industry, where precise design and surface finish are paramount. Bond Type plays a significant role in determining the performance and application of these abrasives. Natural abrasive grains like emery, garnet, and silicon carbide are commonly used in Bonded abrasives, while synthetic abrasive grains like aluminum oxide and zirconia alumina are preferred for their durability and cleanliness. The market caters to the needs of various sectors, including residential projects, commercial projects, and infrastructure projects, by providing an extensive product range, including Snagging wheels, Mounted wheels, and Cones. The Ministry of Urban Development and Construction in several countries emphasizes the importance of using high-quality abrasives to ensure effective Grind, Scour, Abrade, and Impact actions while minimizing Pollution. Leading manufacturers like 3M offer a comprehensive range of abrasive materials, including Resin grinding wheels, Raw super abrasives, and Solid form abrasive grains, to cater to the diverse needs of industries and applications.
The market 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.
The market is driven by the increasing demand for surface finish in various sectors, particularly in construction, infrastructure, and industrial applications. The construction sector is a major consumer of bonded abrasives due to the high usage in residential and commercial projects for grinding, scouring, and abrading surfaces. The emerging economies are expected to fuel the market growth due to the rising urbanization and infrastructure development. Bonded abrasives come in different types such as steel abrasives, coated abrasives, and resin grinding wheels. The types of abrasive grains used include natural and synthetic, with solid form being the most common. The product range includes snagging wheels, mounted wheels, and cones. Bonded abrasives are used in high-speed applications such as metal fabrication and electrical & electronics industry. The Ministry of Industry and Mineral Resources in various countries regulates the production and usage of abrasive materials to ensure safety and quality. The market is expected to grow due to the increasing demand for clean and efficient abrasive materials in various industries. The usage of bonded abrasives involves the application of pressure and impact or rubbing action on a solid material to remove layers or change its surface properties. The market is expected to grow significantly due to the increasing demand for surface finish and the versatility of bonded abrasives in various industries.
Market Scope |
|
Report Coverage |
Details |
Page number |
141 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.26% |
Market growth 2024-2028 |
USD 3.2 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.26 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 66% |
Key countries |
China, US, Japan, Brazil, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Abrasives Manhattan SA, 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., 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 recovery analysis 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. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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