“Global Abrasive Paper Market to reach a market value of USD 6.1 Billion by 2031 growing at a CAGR of 4.2%”
The Global Abrasive Paper Market size is expected to reach $6.1 billion by 2031, rising at a market growth of 4.2% CAGR during the forecast period. In the year 2023, the market attained a volume of 5,156.28 kilo tonnes, experiencing a growth of 19.08% (2020-2023).
Abrasive paper is essential for preparing automotive surfaces before polishing. It helps to remove imperfections such as scratches, swirl marks, and paint defects, ensuring a smooth and uniform surface for polishing. Hence, the automotive polishing segment garnered 22% revenue share in the market in 2023. In terms of volume, 1,340.96 kilo tonnes of Abrasive paper is expected to be utilized in automotive polishing by the year 2031. Automotive polishing often involves paint correction to remove defects and restore the glossy finish of the paintwork. Abrasive paper is used for wet or dry sanding to level the paint surface, remove orange peel texture, and eliminate deep scratches.
Industries such as aerospace, automotive, electronics, and precision engineering demand high-performance abrasives to meet stringent precision, accuracy, and surface quality requirements. High-performance abrasive paper products are crucial for attaining precise measurements, narrow tolerances, and flawless surface textures in vital components and parts, necessitating superior cutting, grinding, and finishing capabilities. Hence, the rising demand for high-performance abrasives drives the market’s growth.
Additionally, Industries such as automotive, aerospace, electronics, and precision engineering have stringent requirements for surface quality in their products. These industries demand smooth, uniform, and defect-free surfaces to meet quality standards, specifications, and customer expectations. Abrasive paper plays a critical role in achieving the desired surface finishes, dimensional accuracy, and aesthetic appeal required by these industries. Therefore, the rising focus on surface quality propels the market’s growth.
However, Abrasive paper relies on various raw materials such as abrasives (like aluminum oxide or silicon carbide), adhesives, backing materials (like paper or cloth), and additional additives. The prices of these raw materials can fluctuate due to changes in supply and demand, currency exchange rates, geopolitical factors, and environmental regulations. Sudden spikes in the cost of raw materials can increase production expenses for abrasive paper manufacturers, potentially leading to higher product prices. This, in turn, might deter consumers from purchasing abrasive paper or force manufacturers to accept lower profit margins. Hence, the price volatility of raw materials is hindering the market’s growth.
Based on type, the market is divided into dust free, dry abrasive paper, sponge abrasive paper, wet abrasive paper, and others. In 2023, the dry abrasive paper segment garnered 33% revenue share in the market. In terms of volume, 2,239.61 kilo tonnes of Dry abrasive paper is expected to be utilized by the year 2031. Dry abrasive paper can be used for various applications across various industries, including woodworking, metalworking, automotive, construction, and DIY projects. Its versatility makes it a popular choice among users who require a single abrasive product for multiple tasks.
On the basis of abrasive grain, the market is segmented into aluminum oxide, silicon carbide, zirconia alumina, diamond, and others. In 2023, the silicon carbide segment attained 29% revenue share in the market. In terms of volume, 1,602.03 kilo tonnes of Silicon carbide abrasive paper are expected to be utilized by the year 2031. Silicon carbide abrasive paper is known for its aggressive cutting action, allowing for rapid material removal compared to other abrasive materials. This characteristic makes it particularly suitable for applications with paramount efficiency and productivity, such as metal fabrication and shaping.
Based on application, the market is categorized into wood processing, automotive polishing, metal polishing, painting & finishing, electronic product, and others. In 2023, the wood processing segment registered 27% revenue share in the market. In terms of volume, 1,796.70 kilo tonnes of abrasive paper is expected to be utilized in wood processing by the year 2031. Precise joinery and assembly are crucial for constructing durable and visually appealing woodworking projects. Abrasive paper prepares mating surfaces for joinery, ensuring tight fits and strong bonds between wood components.
Free Valuable Insights: Global Abrasive Paper Market size to reach USD 6.1 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region witnessed 42% revenue share in the market in 2023. In terms of volume, 3,044.31 kilo tonnes of abrasive paper are utilized by this region by the year 2031. The Asia Pacific region is known for its robust manufacturing and industrial sectors. With countries like China, Japan, South Korea, and India leading in various manufacturing industries such as automotive, electronics, and construction, there is a substantial need for abrasive paper for processes like grinding, polishing, and surface preparation.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 4.4 Billion |
| Market size forecast in 2031 | USD 6.1 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 4.2% from 2024 to 2031 |
| Quantitative Data | Volume in Kilo Tonnes, Revenue in USD Billion, and CAGR from 2020 to 2031 |
| Number of Pages | 414 |
| Tables | 830 |
| Report Coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments Covered | Type, Abrasive Grain, Application, Region |
| Country Scope |
|
| Companies Included | FFLUO, Saint-Gobain Group, Robert Bosch GmbH, Henkel AG & Company, KGaA, Hermes Schleifwerkzeuge GmbH & Co. KG, Mirka Ltd. (KWH Group Ltd.), sia Abrasives Industries AG (sia Abrasives Holding AG), VSM Vereinigte Schmirgel- und Maschinen-Fabriken AG, Klingspor AG, Tyrolit Schleifmittelwerke Swarovski AG & Co KG |
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Abrasive Grain (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Geography (Volume, Kilo Tonnes, USD Billion, 2020-2031)
This Market size is expected to reach $6.1 Billion by 2031.
Rising Demand for High-Performance Abrasives are driving the Market in coming years, however, Price Volatility of Raw Materials restraints the growth of the Market.
FFLUO, Saint-Gobain Group, Robert Bosch GmbH, Henkel AG & Company, KGaA, Hermes Schleifwerkzeuge GmbH & Co. KG, Mirka Ltd. (KWH Group Ltd.), sia Abrasives Industries AG (sia Abrasives Holding AG), VSM Vereinigte Schmirgel- und Maschinen-Fabriken AG, Klingspor AG, Tyrolit Schleifmittelwerke Swarovski AG & Co KG
In the year 2023, the market attained a volume of 380.49 thousand units, experiencing a growth of 19.2% (2020-2023).
The Aluminium Oxide segment is leading the Market by Abrasive Grain in 2023; thereby, achieving a market value of $2.2 billion by 2031.
The Asia Pacific region dominated the Market by Region in 2023; thereby, achieving a market value of $2.6 billion by 2031.
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 