Global Abrasives Market to 2032
Overview
The Global Abrasives Market is expected to reach a 71.04 USD Billion by 2032 and is projected to grow at a CAGR of 4.59% from 2025 to 2032.
Revenue, 2024 (USD Billion)
47.94
Forecast, 2032 (USD Billion)
71.04
CAGR, 2024 - 2032
4.59%
Report Coverage
Global
Global Abrasives Market 2018-2032 USD Billion
Global Abrasives Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 47.94 USD Billion
- Projected Market Size (2032): 71.04 USD Billion
- CAGR (2025-2032): 4.59%
Key Findings of Global Abrasives Market
- The Global Abrasives Market was valued at 71.04 USD Billion in 2024.
- The Global Abrasives Market is likely to grow at a CAGR of 4.59% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Synthetic in Raw Material Segment accounted for the largest share of the market with a revenue of 28.20 USD Billion
- The fastest growing segment Automotive in End-User Segment grew Fastest with a CAGR of 6.30% during the forecast period from 2024 to 2032.
Global Abrasives Market Scope
Global Abrasives Market Segmentation & Scope
Application
- Others
- Drilling
- Grinding
- Cutting
- Finishing
- Polishing
End-User
- Others
- Oil and Gas
- Medical Devices
- Electrical and Electronics
- Aerospace and Defense
- Building and Construction
- Metal Fabrication
- Machinery
- Automotive
Form
- Powdered Form
- Block Form
Type
- Others
- Super Abrasive
- Bonded Abrasive
- Coated Abrasive
Raw Material
- Natural
- Synthetic
Product
- Others
- Cups
- Cylinder
- Disc
Global Abrasives Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 47.94 USD Billion |
| Market Value in 2032 | 71.04 USD Billion |
| CAGR (2025-2032) | 4.59% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Application,End-User,Form,Type,Raw Material,Product |
Regional Insights:
-
Leading Market (2024-2032): Global, leading in terms of revenue 47.94 USD Billion in 2024
- Key Country: U.S., leading in terms of revenue with value of 5,271.07 USD Million in 2024.
Segments and Scope
-
Global Abrasives Market to 2032, By Application
- Polishing is the largest segment in Global Abrasives Market to 2032 with a revenue of 23.55 USD Billion in the year 2024.
- Polishing is the Fastest growing segment in Global Abrasives Market to 2032 with a Growth rate of 4.98 % in forecast period 2025-2032.
-
Global Abrasives Market to 2032, By End-User
- Automotive is the largest segment in Global Abrasives Market to 2032 with a revenue of 12.12 USD Billion in the year 2024.
- Automotive is the Fastest growing segment in Global Abrasives Market to 2032 with a Growth rate of 6.30 % in forecast period 2025-2032.
-
Global Abrasives Market to 2032, By Form
- Block Form is the largest segment in Global Abrasives Market to 2032 with a revenue of 28.19 USD Billion in the year 2024.
- Block Form is the Fastest growing segment in Global Abrasives Market to 2032 with a Growth rate of 4.90 % in forecast period 2025-2032.
-
Global Abrasives Market to 2032, By Type
- Coated Abrasive is the largest segment in Global Abrasives Market to 2032 with a revenue of 20.37 USD Billion in the year 2024.
- Coated Abrasive is the Fastest growing segment in Global Abrasives Market to 2032 with a Growth rate of 5.04 % in forecast period 2025-2032.
-
Global Abrasives Market to 2032, By Raw Material
- Synthetic is the largest segment in Global Abrasives Market to 2032 with a revenue of 28.20 USD Billion in the year 2024.
- Synthetic is the Fastest growing segment in Global Abrasives Market to 2032 with a Growth rate of 4.84 % in forecast period 2025-2032.
-
Global Abrasives Market to 2032, By Product
- Disc is the largest segment in Global Abrasives Market to 2032 with a revenue of 24.35 USD Billion in the year 2024.
- Disc is the Fastest growing segment in Global Abrasives Market to 2032 with a Growth rate of 4.98 % in forecast period 2025-2032.
Global Abrasives Market Company Share Analysis
Global Abrasives Market Geographical Sales Distribution, 2018-2032 USD Billion
Global Abrasives Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Global Abrasives Market is segmented based on Segmentation Application,End-User,Form,Type,Raw Material,Product.
Global Abrasives Market was valued at USD 47.94(Revenue in USD Billion) in 2021.
Global Abrasives Market is projected to grow at a CAGR of 4.59% during the forecast period of 2024 to 2032.
The Synthetic segment is expected to dominate the Global Abrasives Market, holding a largest market share of 28.20 USD Billion in 2024
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Global Abrasives Market Scope
Global Abrasives Market Segmentation & Scope
Application
- Others
- Drilling
- Grinding
- Cutting
- Finishing
- Polishing
End-User
- Others
- Oil and Gas
- Medical Devices
- Electrical and Electronics
- Aerospace and Defense
- Building and Construction
- Metal Fabrication
- Machinery
- Automotive
Form
- Powdered Form
- Block Form
Type
- Others
- Super Abrasive
- Bonded Abrasive
- Coated Abrasive
Raw Material
- Natural
- Synthetic
Product
- Others
- Cups
- Cylinder
- Disc
Frequently Asked Questions
The Global Abrasives Market is segmented based on Segmentation Application,End-User,Form,Type,Raw Material,Product.
Global Abrasives Market was valued at USD 47.94(Revenue in USD Billion) in 2021.
Global Abrasives Market is projected to grow at a CAGR of 4.59% during the forecast period of 2024 to 2032.
The estimated market value of the Global Abrasives Market for final year is USD 71.04 (USD Billion).
Global Abrasives Market Company Profiling
Frequently Asked Questions
The Global Abrasives Market is segmented based on Segmentation Application,End-User,Form,Type,Raw Material,Product.
Global Abrasives Market was valued at USD 47.94(Revenue in USD Billion) in 2021.
Global Abrasives Market is projected to grow at a CAGR of 4.59% during the forecast period of 2024 to 2032.
The estimated market value of the Global Abrasives Market for final year is USD 71.04 (USD Billion).
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