Abrasives Market Size

Abrasives Market size was valued at USD 47.65 billion in 2024 and is likely to exceed USD 105.11 billion by the end of 2037, registering over 6.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of abrasives is evaluated at USD 50.05 billion.. The growing use of furniture and more use of interior raw materials are some of the major factors anticipated to drive the growth of the market during the forecast period. Abrasives are a key requirement in the production of furniture, as they are often required during the key stages of their manufacture. In 2018, the furniture and home furnishing stores in the United States generated a revenue of USD 110 billion tons approximately. Also, the percentage expenditure on household furniture and equipment grew from 3.3% in 2017 to 3.8% in 2020.

Besides this, the rapid expansion of the automotive industry across the world and growing industrialization and urbanization are expected to fuel the growth of the abrasives market during the forecast period. As per the World Bank, more than 50% of the world’s population is living in urban areas and is estimated that this will rise by 1.5 to reach 6 billion populations by 2045. Abrasives are used in the repair processes of engine parts, and auto bodies, and the cleaning of pipes, welds, edges, and surfaces for oiling, fitting, polishing, and painting. Furthermore, the growth in the construction sector is also attributed to bringing in lucrative opportunities for market growth in the forecast period owing to the high utilization rate of abrasives in several applications in the construction industry including woodworking & fabrication, metal fabrications, and maintaining metal components. In addition to the aforementioned factors, the escalation in demand for grinding and polishing processes in a wide range of end-use industries such as metal fabrication, automotive, electrical equipment (E&E) and machinery, and electronics is anticipated to create a positive outlook for market expansion in the upcoming years.