Global Super Abrasive Market Insights Forecasts to 2033

• The Global Super Abrasive Market Size was Valued at USD 48.89 Billion in 2023
• The Market Size is Growing at a CAGR of 5.88% from 2023 to 2033
• The Worldwide Super Abrasive Market Size is Expected to Reach USD 86.54 Billion by 2033
• North America is Expected to Grow the fastest during the forecast period.

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The Super Abrasive Market Size is Anticipated to Exceed USD 86.54 Billion by 2033, Growing at a CAGR of 5.88% from 2023 to 2033.

 

Market Overview

Super abrasive are tools used for polishing, grinding, or dressing that are made with diamond or CBN (Cubic Boron Nitride) as the abrasive material. The range of abrasive tools that can cover practically all processed materials, including high hardness, high brittleness, and high toughness materials, is substantially expanded by diamond and CBN (Cubic Boron Nitride) abrasives because of their complementarity in the processing materials. The two primary types of abrasives are natural and synthetic. In the different applications, both types of abrasive materials are used. The most common forms of abrasive supplies are pastes, powders, gains, and slurries. Grain size is the determining factor in the classification of abrasives. Over the last few years, natural materials have replaced synthetic ones in the creation of abrasives. Opportunities for market expansion are presented by the growing use of abrasives for a range of end use applications. Rising demand from the automotive sector will propel growth in the market in the forecast period. In addition to cleaning within pipes, these chemicals are also used to smooth edges, welding, and surfaces that need to be polished, oiled, or painted. While grinding wheels are customized for automobiles, coated and nonwoven products are utilized to complete the bodywork of automobiles.

 

Report Coverage

This research report categorizes the market for the super abrasive market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the super abrasive market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the super abrasive market.

 

Driving Factors

The abrasives are used in a variety of tasks, such as coating, core sanding, polishing, and repair sanding. Also, the abrasives find applications in the automobile industry for dusting, polishing, and cleaning. As a result, the market is expanding due to the growing need for abrasives in the automotive industry for a variety of applications. Brakes, steering wheels, wheels, and axles are examples of non-engine equipment and accessories that use a variety of abrasive materials. To gather tools, brakes include a unique abrasive with a non-directional scratch design. It is intended to reduce discoloration on heat-sensitive metals to get rid of brake squeals.

 

Restraining Factors

Aluminum oxide, silicon carbide, cubic boron nitride, synthetic diamond, and ceramics are the most commonly utilized abrasive essential components. Petroleum and other renewable resources are the source of these basic materials. The raw materials needed to make abrasives are imported from various countries the operational costs of abrasives are extremely high. The reduction in raw material availability attributed to the depletion of these resources limits the growth of the market.

 

Market Segmentation

The super abrasive market share is classified into raw material, product type, and end use industry.

 

• The synthetic segment holds the largest significant market share through the forecast period.

Based on the raw material, the super abrasive market is categorized into natural & synthetic. Among these, the synthetic segment holds the largest significant market share through the forecast period. A product that processes chemicals or raw materials is known as a synthetic abrasive. Alumina, silicon carbide, and synthetic diamond are some of these materials. They are useful for a variety of tasks because they facilitate the modification of abrasive grain form, purity, and internal crystal structure.

 

• The coated abrasives segment dominates the market with the highest market share through the forecast period.

Based on the product type, the super abrasive market is categorized into coated abrasives, bonded abrasives, and super abrasives, and others. Among these, the coated abrasives segment dominates the market with the highest market share through the forecast period. The coated portion is made up of bonding adhesive, a backing substance, and grains. These elements all contribute to the product's distinct qualities, which enable it to be used in a variety of contexts. Segmented growth will be fueled by the use of coated abrasives in furniture, surgical products, general engineering, consumer product fabrication, and hand and power tools.

 

• The metal fabrication segment is projected to grow at the highest CAGR during the forecast period.

Based on the end-use industry, the super abrasive market is categorized into automotive, machinery, aerospace, metal fabrication, electrical & electronics equipment, and others. Among these, the metal fabrication segment is projected to grow at the highest CAGR during the forecast period. Metal structures are made with this form of fabrication by bending, cutting, and assembly procedures. Using their steel-cutting abrasive disks, this product is used as cut-off saws, also known as chop saws, to form metal into the required shape. Fiber discs and flap discs are further products made from metal fabrication that are mostly used for smoothing and grinding down metal surfaces.

 

Regional Segment Analysis of the Super Abrasive Market 

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

Asia Pacific is anticipated to hold the largest share of the super abrasive market over the forecast period.

 

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Asia Pacific is projected to hold the largest share of the super abrasive market over the forecast period. Demand for super abrasives in the manufacturing sector is rising in the region as because of the growing demand for electronics in countries like China, India, and Japan. Rising up the region's infrastructure brought more investment into the manufacturing sector, and during the projected period, the region's developing economies increasing output of electric vehicles is expected to propel market expansion. The majority of machine shops in India are turning to producing precision tools to fulfill the demands of the quickly developing automotive, bearing, aerospace, and electronic markets, and making precision tooling one of the fastest-growing industries in the country. In the upcoming years, the market expansion is anticipated to be driven by the expanding precision tooling market.

 

North America is expected to grow at the fastest CAGR growth in the super abrasive market during the forecast period. The region's market is expected to grow as a result of the United States rapid advancements in technical advancement, machine component production, and accuracy tooling. Owing to the pandemic, the region's growing focus on producing electric vehicles and the emergence of aircraft manufacturing is anticipated to support the market's expansion in the forecast period.

 

 Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the super abrasive market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• Sino-Crystal Diamond
• 3M
• Nippon Resibon Corporation
• Robert Bosch GmbH
• JINQU Superhard
• Anhui HongJing
• Deerfos
• Sak Industries
• Carborundum Universal Limited
• Saint Gobain
• Deerfos
• Asahi Diamond Industrial
• Fujimi Incorporated
• Krebs & Riedel
• Others

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Developments

• In October 2023, Sunburst abrasive line, Saint-Gobain paired with Dedeco Abrasive Products. The partnership supports Saint-Gobain's objective of providing high-quality abrasive solutions. It is anticipated that this action would result in a win-win agreement that makes use of both businesses' advantages.

 

• In October 2023, the Tyrolit Group declared the acquisition of Acme Holding Company, a Michigan-based maker of abrasives in the United States. This is an attempt to incorporate specialty abrasive solutions with the grinding business portfolio. The steel, rail, and foundry industries will be greatly impacted by this, making the Michigan production plant the company's sixth location in the US.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the super abrasive market based on the below-mentioned segments: 

 

Global Super Abrasive Market, By Raw Material

• Natural
• Synthetic

 

Global Super Abrasive Market, By Product Type

• Coated Abrasives
• Bonded Abrasives
• Super Abrasives

 

Global Super Abrasive Market, By End-Use Industry

• Automotive
• Machinery
• Aerospace
• Metal Fabrication
• Electrical & Electronics Equipment
• Others

 

Global Super Abrasive Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa