North America Abrasive Market Forecast to 2030

At 4.9% CAGR, North America Abrasive Market is Speculated to be Worth US$ 6,375.03 Million by 2030, says the Research Team

According to the Research Team’ research, 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, registering a CAGR of 4.9% from 2022 to 2030. Growing automotive and metal fabrication industry, and rising demand for abrasives from electrical and electronics industry are among the critical factors attributed to drive the North America abrasive market growth.

Abrasives are used in a broad range of automotive applications such as surface grinding, deburring, polishing, and casting for wheel manufacturing; cutting & grinding body components; weld removal and edge chamfering; plating & surfacing in automotive rack processing and shaping. According to a 2022 report by the International Energy Agency, the sales of electric cars doubled in the US in 2021; with 6.6 million units, the sales share increased by 4.5%. According to the International Trade Administration data released in 2022, Mexico is the seventh largest global passenger vehicle producer, manufacturing ?3 million vehicles yearly. Moreover, 90% of vehicles produced in Mexico are exported, of which ?76% are exported to the US. North America and Europe have well-established automotive producers such as Audi AG, Bayerische Motoren Werke AG, Stellantis NV, Ford Motor Company, Honda Motor Co Ltd, Hyundai Motor Company, Mercedes Benz, and Volkswagen Group, as well as many original equipment manufacturers. According to the International Organization of Motor Vehicle Manufacturers (OICA), in 2022, North America registered vehicle production of 14.8 million units.

On the contrary, fluctuations in raw material prices hampers the growth of North America abrasive market.

By material, the North America abrasive market is bifurcated into natural and synthetic. The synthetic segment held 60.7% share of North America abrasive market in 2022, amassing US$ 2,641.11 million. It is projected to garner US$ 4,071.90 million by 2030 to expand at 5.6% CAGR from 2022 to 2030.

In terms of type, the North America abrasive market is bifurcated into bonded abrasives and coated abrasives. The bonded abrasives segment held 54.4% share of North America abrasive market in 2022, amassing US$ 2,365.31 million. It is anticipated to garner US$ 3,612.27 million by 2030 to expand at 5.4% CAGR during 2022-2030. 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 25.6% share of North America abrasive market in 2022, amassing US$ 1,112.07 million. It is projected to garner US$ 1,689.10 million by 2030 to expand at 5.4% CAGR from 2022 to 2030.

Based on sales channel, the North America abrasive market is bifurcated into direct and indirect. The indirect segment held 57.6% share of North America abrasive market in 2022, amassing US$ 2,507.55 million. It is predicted to garner US$ 3,780.33 million by 2030 to expand at 5.3% CAGR between 2022 and 2030.

Based on country, the North America abrasive market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 85.4% share of North America abrasive market in 2022. It was assessed at US$ 3,715.01 million in 2022 and is likely to hit US$ 5,481.35 million by 2030, registering a CAGR of 5.0% during 2022-2030.

Key players operating in the North America abrasive market are 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 and Ekamant AB; among others.

In September-2023, Tyrolit Schleifmittelwerke Swarovski AG & Co KG acquired a complete stake in Acme Holding Company, a specialized abrasive producer and supplier, to enhance its portfolio for the foundry, steel, and rail sectors.

In July-2020, Tyrolit Schleifmittelwerke Swarovski AG & Co KG completed the acquisition of Bibielle SpA, a producer of three-dimensional abrasive products, to meet all polishing, grinding, finishing, and surface conditioning needs.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America abrasive market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o 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.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o 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.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 The the Reporting Teams 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 Porters 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 the Reporting Teams

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 – Porter’s 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