Glass Abrasives Market Size, Share & Industry Analysis, By Product (Extra Coarse Size, Medium Size, Fine size), By Application (Steel, Construction, Automobiles, Others) and Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
An abrasive is often a mineral or ceramic, generally is employed to give the product a finished look by rubbing. Friction causes the wearing out of the rough or uneven surface and gives the object a smooth, reflective, and soft finish. The ceramics that are used to incise, pulverize, and clean other softer materials are known as abrasives. Glass abrasives are small particles of glass used to shape and give a finishing look to the object. Glass abrasives are used in drilling, grinding, cutting, polishing, sharpening, buffing, sanding, and lapping. Extremely fine rouge powder of glass is commonly used for grinding glass and even in jewellery making to give the ornaments a high reflective polish.
The automotive segment is expected to show highest growth attributed to the rising disposable income and increase in the demand for vehicles from countries like Russia, Germany, China, India, and others. The increasing demand for glass abrasives from automotive and construction for drilling, sharpening, and polishing, deburring, sizing, and repairing the parts of the engines and machines is expected to drive the market demand.
However, health hazards associated with the use of glass abrasives which contain silica which is known to be carcinogenic in nature is expected to limit the market growth.
Key Market Driver -
Growing automobile industry shall drive the glass abrasives market
Key Market Restraint -
Health hazards associated with the use of glass abrasives
Market Segmentation:
Based on product, the market is segmented into extra coarse size, medium size, and fine size. Based on application, the market is segmented into steel, construction, automobile and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
The global glass abrasives market share is fairly fragmented with global & regional players operating in the industry. Some of the key players in the market include Marco Group International, Vitro Minerals, GlassOx Abrasives, Harsco Minerals International, Saint-Gobain Group, Strategic Materials, TRU abrasives, and Others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the Glass Abrasives Market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the glass abrasive market attributed to the growing construction industry. Europe is estimated to show significant growth due to the developing automotive industry in European countries like Germany, Italy, UK, and others. North America is expected to show considerable growth attributed to the ample number of manufacturers. Latin America and Middle East and Africa are expected to show sluggish growth by the end of the forecast period.
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Segmentation
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Glass Abrasives Industry Developments
- In June 2019, Marco Group International acquired Manus Abrasive Systems, an Edmonton, AB based manufacturer and distributor of abrasives materials, consumables, and surface preparation equipment. This strategic acquisition helped Marco to set its footprint in the Canadian market.
- In June 2017, Strategic Materials launched a new line of abrasives made from 100% recycled glass. The abrasive is extensively tested and developed for high performance.
- Ongoing
- 2023
- 2019-2022
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