North America Abrasive Market Forecast to 2030 - Regional Analysis - by Material (Natural and Synthetic), Type [Bonded Abrasives (Discs, Wheels, and Others) and Coated Abrasives (Flap Discs, Fiber Discs, Hook & Loop Discs, Belts, Rolls, and Others)], Application (Automotive, Aerospace, Marine, Metal Fabrication, Woodworking, Electrical & Electronics, and Others), and Sales Channel (Direct and Indirect)

BMIRE00030649 | Pages: 126 | Chemicals and Materials | Aug 2024 | Type: Regional | Status: Published

The North America abrasive market was valued at US$ 4,350.77 million in 2022 and is expected to reach US$ 6,375.03 million by 2030; it is estimated to register a CAGR of 4.9% from 2022 to 2030.

Development of Sustainable Abrasives Fuels North America Abrasive Market

Governments of various countries have imposed a few regulations on using sustainable materials to manufacture products in processing industries, including chemicals & materials, to ensure better protection of human health and the environment. These regulations are set to reduce greenhouse emissions and have compelled manufacturing companies to increase investments in developing naturally derived raw materials. Rising awareness regarding greenhouse gas (GHG) emissions and environmental pollution is projected to surge the demand for bio-based and sustainable products. Governments of various countries are adopting several initiatives to increase the awareness and development of sustainable materials. Emerging trends in sustainability have spurred innovation in the abrasive market. Advancements in abrasive manufacturing techniques, such as precision engineering and surface modification, are leveraged to enhance efficiency and reduce waste generation. Several manufacturers are also focused on minimizing energy consumption and emissions caused during the production and usage of abrasives. Therefore, the development of sustainable abrasives is expected to drive the abrasive market during the forecast period.

North America Abrasive Market Overview

North America holds extensive growth opportunities for abrasive manufacturers owing to the increasing demand from end-use industries such as construction, automotive, aerospace, electrical & electronics, energy, semiconductor, and metalworking. The manufacturing sector plays a pivotal role, as abrasives are essential in various industrial processes such as metal fabrication, automotive production, and machinery manufacturing. The region's robust manufacturing industry, driven by technological advancements and innovation, contributes significantly to the demand for abrasives. In addition, the construction and infrastructure development in North America contributes to the demand for abrasives. The construction sector in North America is rapidly developing due to a robust economy and increased federal and state financing for public works and institutional structures. Rapid development and urbanization are also driving the North American abrasive market. According to a report released by the US Census Bureau, the value of total construction (private and public) investment in 2023 was US$ 1,978.7 billion, a 7% increase from investments in 2022 of US$ 1,848.7 billion. The use of abrasive in applications involving surface preparation, concrete polishing, and stone cutting is crucial in the construction sector. As the region experiences continuous growth and urbanization, the demand for abrasives in construction activities is likely to remain high. In North America, passenger vehicles are the most common mode of transportation, and their use is increasing with the rise in per capita income. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), vehicle production in North America increased by 10%, from ~13.5 million in 2021 to 14.8 million vehicles in 2022. As the automotive sector expands, there is a parallel increase in the demand for abrasives, which are utilized to remove paint and rust and polish or smooth surfaces. In addition, according to the International Energy Agency, electric car sales accounted for 630,000 in 2021. In addition, according to the International Energy Agency, between August 2022 (when the Inflation Reduction Act was passed) and March 2023, major electric vehicle and battery makers announced investments totaling a minimum of US$ 52 billion in electric vehicle supply chains in North America. Technological advancements are increasing the adoption of abrasive tools in various sectors, including electronics, aerospace, and healthcare. Governments of countries in North America have significantly invested in technology and research programs in the aerospace & defense sector. The region is a hub for major aircraft, aircraft components, and defense equipment manufacturing companies such as Raytheon Technologies Corporation, Boeing, GE Aviation, Bombardier Inc., and Lockheed Martin Corporation. Abrasives play a crucial role in the manufacturing process of aerospace and defense components, where precision and quality are paramount. The need for lightweight, high-strength materials in aircraft and defense systems necessitates advanced machining and finishing techniques, further driving the demand for specialized abrasives.

North America Abrasive Market Revenue and Forecast to 2030 (US$ Million)

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North America Abrasive Market Segmentation

The North America abrasive market is categorized into material, type, application, sales channel, and country.

By material, the North America abrasive market is bifurcated into natural and synthetic. The synthetic segment held a larger share of North America abrasive market in 2022.

In terms of type, the North America abrasive market is bifurcated into bonded abrasives and coated abrasives. The bonded abrasives segment held a larger share of North America abrasive market in 2022. Furthermore, the bonded abrasives segment is subcategorized into discs, wheels, and others. Additionally, the coated abrasives segment is subcategorized into flap discs, fiber discs, hook a loop discs, belts, rolls, and others.

By application, the North America abrasive market is segmented into automotive, aerospace, marine, metal fabrication, woodworking, electrical & electronics, and others. The automotive segment held the largest share of North America abrasive market in 2022.

Based on sales channel of hearing loss, the North America abrasive market is bifurcated into direct and indirect. The indirect segment held a larger share of North America abrasive market in 2022.

By country, the North America abrasive market is segmented into the US, Canada, and Mexico. The US dominated the North America abrasive market share in 2022.

Deerfos Co., Ltd; CUMI AWUKO Abrasives GmbH; Robert Bosch GmbH; Tyrolit Schleifmittelwerke Swarovski AG & Co KG; Sun Abrasives Co Ltd; Compagnie de Saint-Gobain S.A.; sia Abrasives Industries AG; RHODIUS Abrasives GmbH; and 3M Co are some of the leading companies operating in the North America abrasive market.

TABLE OF CONTENTS

 

1. Introduction

1.1 The Insight Partners Research Report Guidance

1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights

2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Abrasive Market Landscape

4.1 Overview

4.2 Porter's Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.3 Threat of New Entrants

4.2.4 Intensity of Competitive Rivalry

4.2.5 Threat of Substitutes

4.3 Ecosystem Analysis

4.3.1 Properties of Different Abrasive Media Types

4.3.2 List of Vendors in the Value Chain

5. North America Abrasive Market - Key Market Dynamics

5.1 Market Drivers

5.1.1 Growing Automotive and Metal Fabrication Industry

5.1.2 Rising Demand for Abrasives from Electrical and Electronics Industry

5.2 Market Restraints

5.2.1 Fluctuations in Raw Material Prices

5.3 Market Opportunities

5.3.1 Adoption of Abrasives in Automation and Robotic Applications

5.4 Future Trends

5.4.1 Development of Sustainable Abrasives

5.5 Impact of Drivers and Restraints:

6. Abrasive Market - North America Analysis

6.1 Overview

6.2 Abrasive Market Revenue (US$ Million), 2020-2030

6.3 Abrasive Market Forecast Analysis

7. North America Abrasive Market Analysis - by Material

7.1 Natural

7.1.1 Overview

7.1.2 Natural: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

7.2 Synthetic

7.2.1 Overview

7.2.2 Synthetic: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

8. North America Abrasive Market Analysis - by Type

8.1 Bonded Abrasives

8.1.1 Overview

8.1.2 Bonded Abrasives: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

8.1.3 Discs

8.1.3.1 Overview

8.1.3.2 Discs: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

8.1.4 Wheels

8.1.4.1 Overview

8.1.4.2 Wheels: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

8.1.5 Others

8.1.5.1 Overview

8.1.5.2 Others: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

8.2 Coated Abrasives

8.2.1 Overview

8.2.1.1 Coated Abrasives: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

8.2.2 Flap Discs

8.2.2.1 Overview

8.2.2.2 Flap Discs: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

8.2.3 Fiber Discs

8.2.3.1 Overview

8.2.3.2 Fiber Discs: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

8.2.4 Hook and Loop Discs

8.2.4.1 Overview

8.2.4.2 Hook and Loop Discs: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

8.2.5 Belts

8.2.5.1 Overview

8.2.5.2 Belts: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

8.2.6 Rolls

8.2.6.1 Overview

8.2.6.2 Rolls: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

8.2.7 Others

8.2.7.1 Overview

8.2.7.2 Others: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

9. North America Abrasive Market Analysis - by Application

9.1 Automotive

9.1.1 Overview

9.1.2 Automotive: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

9.2 Aerospace

9.2.1 Overview

9.2.2 Aerospace: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

9.3 Marine

9.3.1 Overview

9.3.2 Marine: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

9.4 Metal Fabrication

9.4.1 Overview

9.4.2 Metal Fabrication: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

9.5 Woodworking

9.5.1 Overview

9.5.2 Woodworking: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

9.6 Electrical & Electronics

9.6.1 Overview

9.6.2 Electrical & Electronics: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

9.7 Others

9.7.1 Overview

9.7.2 Others: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

10. North America Abrasive Market Analysis - by Sales Channel

10.1 Direct

10.1.1 Overview

10.1.2 Direct: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

10.2 Indirect

10.2.1 Overview

10.2.2 Indirect: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

11. North America Abrasive Market - Country Analysis

11.1 North America

11.1.1 North America: Abrasive Market - Revenue and Forecast Analysis - by Country

11.1.1.1 United States: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

11.1.1.1.1 United States: Abrasive Market Breakdown, by Material

11.1.1.1.2 United States: Abrasive Market Breakdown, by Type

11.1.1.1.3 United States: Abrasive Market Breakdown, by Application

11.1.1.1.4 United States: Abrasive Market Breakdown, by Sales Channel

11.1.1.2 Canada: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

11.1.1.2.1 Canada: Abrasive Market Breakdown, by Material

11.1.1.2.2 Canada: Abrasive Market Breakdown, by Type

11.1.1.2.3 Canada: Abrasive Market Breakdown, by Application

11.1.1.2.4 Canada: Abrasive Market Breakdown, by Sales Channel

11.1.1.3 Mexico: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

11.1.1.3.1 Mexico: Abrasive Market Breakdown, by Material

11.1.1.3.2 Mexico: Abrasive Market Breakdown, by Type

11.1.1.3.3 Mexico: Abrasive Market Breakdown, by Application

11.1.1.3.4 Mexico: Abrasive Market Breakdown, by Sales Channel

12. Competitive Landscape

12.1 Heat Map Analysis by Key Players

12.2 Company Positioning & Concentration

13. Industry Landscape

13.1 Overview

13.2 Product launch

13.3 Mergers and Acquisitions

13.4 Expansion

13.5 Other Strategies and Developments

14. Company Profiles

14.1 Deerfos Co., Ltd.

14.1.1 Key Facts

14.1.2 Business Description

14.1.3 Products and Services

14.1.4 Financial Overview

14.1.5 SWOT Analysis

14.1.6 Key Developments

14.2 CUMI AWUKO Abrasives GmbH

14.2.1 Key Facts

14.2.2 Business Description

14.2.3 Products and Services

14.2.4 Financial Overview

14.2.5 SWOT Analysis

14.2.6 Key Developments

14.3 Robert Bosch GmbH

14.3.1 Key Facts

14.3.2 Business Description

14.3.3 Products and Services

14.3.4 Financial Overview

14.3.5 SWOT Analysis

14.3.6 Key Developments

14.4 Tyrolit Schleifmittelwerke Swarovski AG & Co KG

14.4.1 Key Facts

14.4.2 Business Description

14.4.3 Products and Services

14.4.4 Financial Overview

14.4.5 SWOT Analysis

14.4.6 Key Developments

14.5 Sun Abrasives Co Ltd

14.5.1 Key Facts

14.5.2 Business Description

14.5.3 Products and Services

14.5.4 Financial Overview

14.5.5 SWOT Analysis

14.5.6 Key Developments

14.6 Compagnie de Saint-Gobain S.A.

14.6.1 Key Facts

14.6.2 Business Description

14.6.3 Products and Services

14.6.4 Financial Overview

14.6.5 SWOT Analysis

14.6.6 Key Developments

14.7 sia Abrasives Industries AG

14.7.1 Key Facts

14.7.2 Business Description

14.7.3 Products and Services

14.7.4 Financial Overview

14.7.5 SWOT Analysis

14.7.6 Key Developments

14.8 RHODIUS Abrasives GmbH

14.8.1 Key Facts

14.8.2 Business Description

14.8.3 Products and Services

14.8.4 Financial Overview

14.8.5 SWOT Analysis

14.8.6 Key Developments

14.9 3M Co

14.9.1 Key Facts

14.9.2 Business Description

14.9.3 Products and Services

14.9.4 Financial Overview

14.9.5 SWOT Analysis

14.9.6 Key Developments

14.10 Ekamant AB

14.10.1 Key Facts

14.10.2 Business Description

14.10.3 Products and Services

14.10.4 Financial Overview

14.10.5 SWOT Analysis

14.10.6 Key Developments

15. Appendix

15.1 About the Insight Partners

 

List of Tables

Table 1. North America Abrasive Market Segmentation

Table 2. List of Vendors

Table 3. Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

Table 4. Abrasive Market - Revenue and Forecast to 2030 (US$ Million) - by Material

Table 5. Abrasive Market - Revenue and Forecast to 2030 (US$ Million) - by Type

Table 6. Abrasive Market - Revenue and Forecast to 2030 (US$ Million) - by Application

Table 7. Abrasive Market - Revenue and Forecast to 2030 (US$ Million) - by Sales Channel

Table 8. United States: Abrasive Market - Revenue and Forecast to 2030 (US$ Million) - by Material

Table 9. United States: Abrasive Market - Revenue and Forecast to 2030 (US$ Million) - by Type

Table 10. United States: Abrasive Market - Revenue and Forecast to 2030 (US$ Million) - by Application

Table 11. United States: Abrasive Market - Revenue and Forecast to 2030 (US$ Million) - by Sales Channel

Table 12. Canada: Abrasive Market - Revenue and Forecast to 2030 (US$ Million) - by Material

Table 13. Canada: Abrasive Market - Revenue and Forecast to 2030 (US$ Million) - by Type

Table 14. Canada: Abrasive Market - Revenue and Forecast to 2030 (US$ Million) - by Application

Table 15. Canada: Abrasive Market - Revenue and Forecast to 2030 (US$ Million) - by Sales Channel

Table 16. Mexico: Abrasive Market - Revenue and Forecast to 2030 (US$ Million) - by Material

Table 17. Mexico: Abrasive Market - Revenue and Forecast to 2030 (US$ Million) - by Type

Table 18. Mexico: Abrasive Market - Revenue and Forecast to 2030 (US$ Million) - by Application

Table 19. Mexico: Abrasive Market - Revenue and Forecast to 2030 (US$ Million) - by Sales Channel

 

List of Figures

Figure 1. North America Abrasive Market Segmentation, by Country

Figure 2. Abrasive Market - Porters Analysis

Figure 3. Ecosystem: Abrasive Market

Figure 4. Abrasive Grain Processing

Figure 5. Bonded Abrasive Product Manufacturing Process

Figure 6. Coated Abrasive Product Manufacturing Process

Figure 7. Abrasive Market - Key Market Dynamics

Figure 8. Motor Vehicle Production, By Region (2019-2022)

Figure 9. Production Value by the Global Electronics and IT Industries (2015-2023)

Figure 10. Impact Analysis of Drivers and Restraints

Figure 11. Abrasive Market Revenue (US$ Million), 2020-2030

Figure 12. Abrasive Market Share (%) - by Material (2022 and 2030)

Figure 13. Natural: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

Figure 14. Synthetic: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

Figure 15. Abrasive Market Share (%) - by Type (2022 and 2030)

Figure 16. Bonded Abrasives: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

Figure 17. Discs: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

Figure 18. Wheels: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

Figure 19. Others: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

Figure 20. Coated Abrasives: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

Figure 21. Flap Discs: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

Figure 22. Fiber Discs: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

Figure 23. Hook and Loop Discs: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

Figure 24. Belts: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

Figure 25. Rolls: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

Figure 26. Others: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

Figure 27. Abrasive Market Share (%) - by Application (2022 and 2030)

Figure 28. Automotive: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

Figure 29. Aerospace: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

Figure 30. Marine: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

Figure 31. Metal Fabrication: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

Figure 32. Woodworking: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

Figure 33. Electrical & Electronics: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

Figure 34. Others: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

Figure 35. Abrasive Market Share (%) - by Sales Channel (2022 and 2030)

Figure 36. Direct: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

Figure 37. Indirect: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

Figure 38. North America: Abrasive Market, By Key Country - Revenue 2022 (US$ Million)

Figure 39. North America: Abrasive Market Breakdown, by Key Countries, 2022 and 2030 (%)

Figure 40. United States: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

Figure 41. Canada: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

Figure 42. Mexico: Abrasive Market - Revenue and Forecast to 2030 (US$ Million)

Figure 43. Heat Map Analysis by Key Players

Figure 44. Company Positioning & Concentration

 

1. Deerfos Co., Ltd

2. CUMI AWUKO Abrasives GmbH

3. Robert Bosch GmbH

4. Tyrolit Schleifmittelwerke Swarovski AG & Co KG

5. Sun Abrasives Co Ltd

6. Compagnie de Saint-Gobain S.A.

7. sia Abrasives Industries AG

8. RHODIUS Abrasives GmbH

9. 3M Co

10. Ekamant AB

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America abrasive market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the North America abrasive market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America abrasive market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
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