Malaysia Abrasives Market Size, Trends and Growth opportunity, By Raw Material (Synthetic (Metallic Abrasives, Aluminium Oxide, Silicon Carbide, Glass Fall, Others), Natural (Diamond, Garnet, Corundum, Quartz, Others), By Application (Polishing, Finishing, Cutting, Grinding, Drilling, Others), Regional Outlook, Competitive Market Share & Forecast, 2023 ? 2030.

Malaysia Abrasives Market Size, Trends and Growth opportunity, By Raw Material (Synthetic (Metallic Abrasives, Aluminium Oxide, Silicon Carbide, Glass Fall, Others), Natural (Diamond, Garnet, Corundum, Quartz, Others), By Application (Polishing, Finishing, Cutting, Grinding, Drilling, Others), Regional Outlook, Competitive Market Share & Forecast, 2023 – 2030.

Malaysia Abrasives Market

The Malaysia Abrasives Market was valued at USD 4,869.00 million in 2022 and is expected to reach USD 7,699.00 million by 2030 at a CAGR of 5.26% from 2023-2030.
The abrasives market covers a wide variety of materials used on large scale in various industries such as machinery, transportation, metal fabrication, and electronic equipment. The market for abrasives is experiencing an increasing trend known as abrasive recycling, which offers businesses the chance to provide recycling services and create new abrasive recycling technologies. Customers may save money because of this in addition to reducing waste.

Market Drivers

Malaysia's expanding manufacturing and construction sectors create a steady demand for abrasives. The growth in automotive, aerospace, electronics, and other manufacturing industries drives the need for precision cutting and finishing processes. The abrasives market in Malaysia is driven by the construction and manufacturing sectors` continuous growth. Abrasives are essential for material shaping, finishing, and polishing in various applications.
The automotive industry is a major consumer of abrasives for various applications, including grinding, polishing, and surface preparation. Malaysia's growing automotive sector, including vehicle assembly and parts manufacturing, will contribute to the demand for abrasives. Abrasives are essential in metal fabrication for tasks like cutting, grinding, deburring, and surface finishing. As Malaysia's metalworking industry grows, the demand for abrasives will rise.
Governments and oversight organizations have begun implementing strict safety rules for those who work at heights. To comply with safety regulations, several companies choose aerial work platforms as a safer alternative to ladders and scaffolding.

Market Restraints

Abrasives might rely on raw materials sourced from various countries. Disruptions in global supply chains, caused by factors like geopolitical tensions or natural disasters, can lead to shortages and impact the production of abrasive products. Fluctuations in the economy can impact industries' spending on manufacturing and construction activities, directly affecting the demand for abrasives. Economic downturns can lead to reduced production and investment in various sectors.
Alternative technologies and materials that can replace traditional abrasive methods might impact the demand for abrasive products. For instance, advanced machining techniques and laser cutting could reduce the need for traditional abrasive processes in some applications.
Abrasives might be subject to international trade, and fluctuations in currency exchange rates can impact the cost of imports and exports, potentially affecting market competitiveness and pricing. The production processes for abrasives can be energy-intensive. Fluctuating energy costs can impact the overall production costs of abrasive products, potentially affecting pricing and profitability.

Impact Of COVID-19 On Market

The pandemic led to disruptions in global supply chains due to lockdowns, travel restrictions, and factory closures. This affected the availability of raw materials and components for abrasive manufacturing, leading to potential production delays and supply shortages.
Many industries that are major consumers of abrasives, such as automotive, construction, and manufacturing, experienced decreased demand as lockdowns and restrictions led to project delays and reduced consumer spending.
The abrasives market in Malaysia faced challenges during the pandemic due to decreased industrial activities and disruptions in the supply chain. Reduced demand from sectors like manufacturing and construction influenced sales. However, increased focus on cleaning and maintenance products led to higher demand for abrasives. Economic uncertainties and shifts in industrial priorities further influenced market dynamics.
The overall economic uncertainty caused by the pandemic led to cautious spending and investment decisions, which impacted various industries' procurement of abrasive products.

Impact of Russia-Ukraine Conflict on Malaysia Abrasives Market

If any part of the global supply chain for abrasives, including raw materials or finished products, runs through the conflict-affected region, disruptions could occur due to border closures, transportation interruptions, or other logistical challenges. If Ukraine is a significant supplier of raw materials used in abrasives production, such as minerals or metals, disruptions in supply could lead to higher prices and potential shortages.
Some industries, such as manufacturing, construction, and automotive, could be more directly affected by disruptions in the global supply chain. These industries are also major consumers of abrasive products. Geopolitical tensions can lead to reduced business confidence and uncertainty, affecting investment decisions and potentially leading to decreased demand for abrasive products. Geopolitical events can lead to changes in trade agreements, tariffs, and regulations. These changes can impact the cost of doing business and affect the competitiveness of abrasive products.

Market Segmentation

The Malaysia Abrasives Market is segmented into Raw Material, and Application.
Based on raw materials, the synthetic category held the greatest market share in 2022. This is because the Malaysian government has pushed the use of synthetic abrasives to reduce the negative environmental consequences of the business. As a result, the demand for synthetic abrasives has increased across the country.

Regional Analysis

Based on country, Malaysia had the most share in 2022, and by 2030, it is anticipated to have the highest CAGR in the market for abrasives. Malaysia serves as a major hub for the manufacturing of autos and electronics, just like in Southeast Asia. Due to the growth of these industries, abrasives which are used in several operations like polishing, grinding, and cutting are in great demand. The continued development of the abrasives business has also been aided by the application of cutting-edge technologies like nanotechnology and biotechnology. These new technologies enable the creation of abrasive products that are more effective and efficient.
Malaysia accounted for 9.04% of the market in 2022, as there are various abrasives manufacturers in Malaysia, both domestic and foreign. These manufacturers produce a wide range of abrasives, including coated, bonded, and super abrasives. Malaysia is becoming a prominent provider of abrasives in the region due to the presence of various producers.

Key Players

Various key players are discussed into the Malaysia Abrasives Market Report including: BlastOne Malaysia, FACO Abrasive Industrial Sdn. Bhd., Schmidt Abrasive Blasting Sdn Bhd, Sundisc Abrasives South East Asia Sdn Bhd, Robert Bosch Sdn Bhd, 3M Malaysia Sdn Bhd, KOVAX (Malaysia) Sdn., Bhd, Badak Abrasive Sdn Bhd, VISTA ABRASIVE SDN. BHD., Aim Marketing Sdn Bhd.

Market Taxonomy

By Raw Material
• Synthetic
o Metallic Abrasives
o Aluminium Oxide
o Silicon Carbide
o Glass Fall
o Others
• Natural
o Diamond
o Garnet
o Corundum
o Quartz
o Others
By Application
• Polishing
• Finishing
• Cutting
• Grinding
• Drilling
• Others
By Region
• Asia Pacific
o Malaysia

 

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