USD 33.38 Billion
Super Abrasive Market Size, Share, Growth Analysis, By End-User(Aerospace, Automotive, Machinery and Others), By Raw Materials(Natural and Synthetic), By Application(Cutting Tools, Tool industry, Machinary and Electronics), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15J2075 |
Region:
Global |
Published Date: March, 2024
Pages:
172
|Tables:
88
|Figures:
72
Super Abrasive Market Insights
Super Abrasive Market size was valued at USD 46.4 Billion in 2023 and is poised to grow from USD 48.49 Billion in 2024 to USD 60.61 Billion by 2032, growing at a CAGR of 4.5% during the forecast period (2025-2032).
The market for high-quality abrasives is expanding significantly on a global scale, propelled by several crucial factors. The need for precision machining and finishing is growing in many industries, including electronics, aerospace, and the automotive sector. Super abrasives, which include substances like diamond and cubic boron nitride (CBN), are excellent choices for programmes that demand high levels of performance and precision because of their exceptional hardness and durability.
The development of better, more effective abrasive tools as a result of technological improvements in production techniques has further fueled the market expansion. These excellent instruments enable producers to achieve more output and better floor finishes, which results in a typical price reduction and improved product quality. Furthermore, the increasing focus on sustainability and environmental standards has prompted the use of remarkable abrasives because they prolong the life of tools and minimise the need for frequent replacements, hence reducing waste generation. The sustainability element is particularly attractive to sectors looking to improve their environmental performance without sacrificing operational effectiveness.
The Asia-Pacific region is becoming a major global hub for high-quality abrasives due to rapid industrialization and infrastructure development in nations like China and India. Extensive investments in advanced machining technologies and the region's expanding industrial area are driving demand for high-quality abrasives. All things considered, the market for excellent abrasives is expected to rise further due to advancements in technology, more industrialization, and a growing emphasis on sustainability benefits. In the next years, there will likely be a sharp increase in demand for superior abrasives as production practices continue to emphasize performance and customer satisfaction.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Cutting Tools
Fastest Growth
Tool industry
Growth Rate
4.5% CAGR
Global Super abrasives Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Super Abrasive Market Segmental Analysis
Segmenting the super abrasives market according to product type, end-use industry, and geography is possible. The market offers both diamond and cubic boron nitride (CBN) abrasives, each of which is tailored to a particular need. The end-use sectors of aerospace, electronics, construction, and automotive are those driving the need for super abrasives. Geographically speaking, the Asia-Pacific area, North America, Europe, and the rest of the world are important regions. North America and Europe are known for their established manufacturing sectors and technological breakthroughs, while Asia-Pacific is growing quickly because of industrialization and infrastructural initiatives. The market for super abrasives is being shaped by a variety of geographical dynamics and applications, according to segmental study.
Analysis by End User
The market for high-quality abrasives can be examined using distinct industries, each of which contributes differently to its dynamics. Among the biggest customers are the automotive and aerospace industries, where high-quality abrasives are essential for precise machining and additive completion. To obtain precise measurements and sophisticated floor finishes, these sectors require exceptional abrasives. Furthermore, the electronics industry uses premium abrasives to cut and shape semiconductor materials. On the other hand, despite using premium abrasives for tasks like concrete slicing and sharpening, the construction industry typically holds a lower share of the market. All end-user industries contribute to the general expansion and diversification of the vast abrasives marketplace, notwithstanding differences in market size.
Analysis by Application
The market for noteworthy abrasives can be examined by application, demonstrating its adaptability to a wide range of sectors. One of the most popular uses is in precision grinding, where materials like ceramics and hardened steels are machined with extreme precision using diamond and cubic boron nitride (CBN) abrasives. Another important piece of software is used in producing cutting tools and abrasives, where premium abrasives offer better durability and efficiency. Excellent abrasives are also used by the electronics industry to cord saw and dice semiconductors. Furthermore, the aircraft industry depends on excellent abrasives to finish and grind important components like turbine blades. Additional packages consist of the car company for engine component machining and the construction company for concrete grinding and polishing.
Global Super abrasives market biomaterials
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Super Abrasive Market Regional Insights
Asia-Pacific, driven by fast industrialization and infrastructural development in global places such as China and India, develops as a recognized market for amazing abrasives. The area's expanding production zone and rising investments in cutting-edge machining technology fuel a high demand for exceptional abrasives. Furthermore, the existence of significant electronics and automotive sectors supports the expansion of the Asia-Pacific market.
The developed abrasive markets of North America and Europe are distinguished by well-organized industrial sectors and a strong focus on technological innovation. These fields are leading the way in research and development of exceptional abrasive materials and machining techniques, which is essential to the uptake of contemporary technologies and extremely high-performance abrasive tools. Many of the major consumers of excellent abrasives in North America and Europe are the automotive and aerospace sectors, which use these materials for precise machining of crucial components. In evaluation, areas like Latin America and the Middle East & Africa exhibit slower growth rates in the excellent abrasives industry, primarily because of things like more difficult financial circumstances and lower levels of industrialization.
Nonetheless, the need for excellent abrasives in such areas is gradually increasing due to expanding infrastructure projects and increases in production skills. All things considered, regional insights show the many faces of the remarkable abrasives industry, with each location playing a distinct role in its expansion and advancement. While North America and Europe lead the world in technological innovation, growing regions demonstrate the potential for future growth opportunities, while Asia-Pacific leads in terms of market expansion. Comprehending the local dynamics is imperative for stakeholders to leverage market advancements and steer strategic decision-making within the famous abrasive company.
Global Labelling market By region
- Largest
- Fastest
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Super Abrasive Market Dynamics
Drivers
Rising Demand in Several industries
- Super abrasives are widely used for precision machining of hard materials like titanium alloys, carbon composites, and ceramics in vital industries like aerospace and automotive. The need for super abrasives increases in tandem with these industries' constant pursuit of increased performance, efficiency, and quality. The automotive industry uses super abrasives to make engine parts, transmission gears, and brake discs because of the necessity for lightweight materials, fuel economy, and strict quality control.
Growth in Consumer Electronics
- Super abrasives play a critical role in the electronics and semiconductor sector by precisely shaping and grinding materials including silicon wafers, sapphire, and gallium arsenide. The semiconductor market is expanding rapidly due to the widespread use of electronic devices, such as tablets, smartphones, and Internet of Things (IoT) devices, as well as the rising need for high-performance computing. Super abrasives are essential for guaranteeing the quality, surface smoothness, and dimensional accuracy needed for semiconductor components such as memory chips, microprocessors, and integrated circuits (ICs).
Restraints
Complex Technicalities
- Because super abrasive machining procedures are intricate, it takes technical know-how and trained labor to run equipment efficiently and achieve peak performance. Unfortunately, there is a dearth of skilled workers with knowledge of ultra-abrasive technology, especially in underdeveloped nations or growing markets. The scarcity of specialized expertise necessitated for the selection of suitable abrasives, establishment of machining parameters, and resolution of problems makes it difficult to maintain constant quality and productivity.
Enviromental and Health Drawbacks
- The increased awareness and worry about the effects on the environment and human health associated with the manufacturing and use of abrasive materials like diamond and CBN is another obstacle facing the global super abrasive industry. Super abrasive production involves mining and manufacturing methods that have the potential to pollute the environment and increase carbon emissions. Furthermore, workers' health may be at risk during the handling and machining of these abrasive materials due to exposure to fine dust particles and certain chemical dangers.
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Super Abrasive Market Competitive Landscape
Germany's Robert Bosch GmbH is a prominent player in the European abrasives sector. It is a technology and services provider that provides comprehensive business and engineering solutions. The business produces and sells consumer goods, building technology, automotive, and industrial goods. The four business segments that make up the Bosch group are consumer goods, building and industrial technologies, energy, and mobility solutions. The consumer products category, which also includes the power tool and accessory divisions, is where abrasives are found. This area offers a wide variety of abrasive systems.
Top Player’s Company Profiles
- Carborundum Universal Limited (India)
- Compagnie de Saint-Gobain S A. (France)
- 3M (U.S.)
- Henkel (Germany)
- Meister Abrasives (U.S.)
- Fujimi Incorporated (Japan)
- Carborundum Universal Limited (France)
- Tyrolit Group (Austria)
- Saint Gobain (France)
- Deerfos (Korea)
- Asahi Diamond Industrial (Japan
- Noritake (Japan)
- KREBA & RIEDEL (Germany)
- Sak Industries (India)
- Tyrolit Schleifmittelwerke Swarovski K.G. (Austria)
- Robert Bosch GMBH (Germany)
Recent Developments
- In May 2019, Henkel obtained all of Molecule Corp.'s (US) shares. The adhesives technologies business unit's technological portfolio in the areas of industrial inkjet solutions and 3D printing is strengthened by this purchase.
- In October 2023, The Tyrolit Group announced the acquisition of Acme Holding Company, a Michigan-based maker of abrasives in the United States. This is an attempt to combine the grinding business portfolio with solutions for specialty abrasives. This establishes the Michigan production facility as the company's sixth location in the United States and will have a significant impact on steel, rail, and foundry industries.
- In September 2023, the specialty abrasives maker Dedeco Abrasive Products and Saint-Gobain formed a cooperation whereby Saint-Gobain would distribute Dedeco's sunburst abrasive line. This collaboration supports the company's overarching objective of providing abrasive solutions.
Super Abrasive Key Market Trends
- Various Utilization in Different Conditions: The dynamic environment of the super abrasives market is shaped by technological improvements, manufacturing advancements, and the increasing demand for precise machining across several industries. The growing use of super abrasives, such as diamond and cubic boron nitride (CBN), in cutting tools and grinding wheels is one notable trend. Super abrasives are essential for applications needing extreme precision, like medical devices, automobile parts, and aerospace components, since they provide extraordinary hardness and wear resistance.
Several Sector Catching Up: Another significant force influencing super abrasive market developments is the automobile sector. The automobile industry is undergoing a transformation with the introduction of electric vehicles, lightweight materials, and sophisticated engine technologies, which is driving up the need for accurate and effective machining solutions. In a similar vein, the need for super abrasives in the manufacturing of precise medical equipment and implants is influenced by the medical and healthcare sectors.
Super Abrasive Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to skyquest analysis, ultimately, the market for super abrasives is expected to have a significant upswing driven by growing demand from important end-user industries, technical developments, and expanding programmed across several industries. The future of the market appears bright, with enormous potential for expansion and innovation, especially in emerging markets. The Asia-Pacific area is notable for being the main driver of growth due to its quick industrialization and advancements in infrastructure. In terms of technological innovation and high-performance abrasive tools, North America and Europe remain at the forefront, meeting the demanding needs of industries such as aerospace and automotive. The need for excellent abrasives is rising in regions including Latin America, the Middle East, and Africa despite slower development rates, thanks to industrial investments and infrastructural projects. Smaller companies also have a big impact; they concentrate on local or specialty markets to take advantage of specific client needs.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 33.38 Billion |
| Market size value in 2031 | USD 58 Billion |
| Growth Rate | 4.5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Super Abrasive Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Super Abrasive Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Super Abrasive Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Super Abrasive Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Super Abrasive Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Super Abrasive Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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