The global abrasives market was valued at USD 45.95 billion in 2023 and is expected to reach USD 76.93 billion by 2032, growing from USD 48.66 billion in 2024 at a CAGR of 5.9% during the forecast period. Fortune Business Insights™ publishes this information in a report titled, "Abrasives Market, 2025-2032". As per the report, the market is expected to grow during the projected period due to increasing demand for the product from the automotive industry.

Abrasives are materials used to shape, polish, or smooth surfaces like wood, concrete, ceramics, and stone, providing a refined finish. They are commonly found in sandpapers, grinding wheels, polishing tools, and mass-finishing media. Growing use in construction, driven by rapid economic development, is fueling market demand.

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Segmentations:

Synthetic Segment to Lead Global Market Due to Rising Application

By material, the market is bifurcated into natural and synthetic. The synthetic segment is anticipated to lead the global market share due to high application of these products in various elements.

High Abrasive Use in Different Products to Boost Coated Segmental Growth

Based on product type, the market is trifurcated into bonded, coated, and super. The coated segment is anticipated to grow during the projected period. The increasing use of coated abrasives in consumer goods, furniture, surgical products, and fabrication products is anticipated to fuel the segmental growth.

Metal Fabrication to Propel Growth During Forecast Period

On the basis of application, the market is divided into automotive, electrical & electronics, metal fabrication, machinery, and others. The metal fabrication segment will grow in the coming years due to the rising demand for metal equipment.

Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

DRIVING FACTORS

Rising Construction Sector to Promote Growth

The rapid-paced urbanization that has led to the significant development of smart cities is driving the construction industry across the globe. As per the report by the United Nations, around 68% of the global population is expected to reside in urban areas by 2030. The growing adoption of abrasives to form sand papers, cut off wheels, honing stones, and grinding wheels is likely to favor the growth of the market. Moreover, adoption of advanced technologies in industries and the high utilization of precision tools is expected to contribute to the global abrasives market growth in the forthcoming years.

REGIONAL INSIGHTS

Asia-Pacific – The region is expected to hold the highest position in the global market in the forthcoming years. This is attributable to the increasing demand for metal fabrication and machinery businesses in countries such as China in the region.

Latin America – The market in the region is expected to experience substantial growth backed by the rising aerospace, automotive, and construction sector in countries such as Argentina and Brazil.

North America – North America is projected to witness strong growth, driven by advancements in precision tooling, machine part manufacturing, and technology development in the U.S.

COMPETITIVE LANDSCAPE