Global Abrasives Market Size & Outlook, 2020-2028
Global abrasives market, 2017-2028 (US$M)
Related Markets
Global abrasives market highlights
- The global abrasives market generated a revenue of USD 34,411.6 million in 2020 and is expected to reach USD 47,817.7 million by 2028.
- The market is expected to grow at a CAGR (2021 - 2028) of 4.2% by 2028.
- In terms of segment, bonded accounted for a revenue of USD 15,087.4 million in 2020.
- Coated is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2020.
- Country-wise, Australia is expected to register the highest CAGR from 2021 to 2028.
Global data book summary
| Market revenue in 2020 | USD 34,411.6 million |
| Market revenue in 2028 | USD 47,817.7 million |
| Growth rate | 4.2% (CAGR from 2020 to 2028) |
| Largest segment | Bonded |
| Fastest growing segment | Coated |
| Historical data covered | 2017 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Coated, Bonded, Other Products |
Other key industry trends
- In terms of revenue, the North America accounted for 14.9% of the global abrasives market in 2020.
- By country, the China is projected to lead the global market in terms of revenue in 2028.
- By country, Australia is the fastest growing regional market and is projected to reach USD 510.3 million by 2028.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Abrasives Market Scope
Abrasives Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global abrasives market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to abrasives market will help companies and investors design strategic landscapes.
Bonded was the largest segment with a revenue share of 43.84% in 2020. Horizon Databook has segmented the Global abrasives market based on coated, bonded, other products covering the revenue growth of each sub-segment from 2017 to 2028.
- Global Abrasives Product Outlook (Revenue, USD Million, 2017-2028)
- Coated
- Bonded
- Other Products
- Global Abrasives Application Outlook (Revenue, USD Million, 2017-2028)
- Automotive & Transportation
- Heavy Machinery
- Metal Fabrication
- Electrical & Electronics Equipment
- Other Applications
Reasons to subscribe to Global abrasives market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global abrasives market databook
-
Our clientele includes a mix of abrasives market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global abrasives market , including forecasts for subscribers. This global databook contains high-level insights into Global abrasives market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
Global abrasives market size, by regions, 2017-2028 (US$M)
Top 10 countries: Abrasives market size, 2020 (US$M)
Global abrasives market share, by product, 2020 & 2028 (%, US$M)
Abrasives market: Opportunity assessment by country
Global abrasives market, by region, 2020 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
