Australia Abrasives Market Size & Outlook, 2020-2028
Australia abrasives market, 2017-2028 (US$M)
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Australia abrasives market highlights
- The Australia abrasives market generated a revenue of USD 419.7 million in 2020 and is expected to reach USD 510.3 million by 2028.
- The Australia market is expected to grow at a CAGR of 2.5% from 2021 to 2028.
- In terms of segment, coated was the largest revenue generating product in 2020.
- Other Products is the most lucrative product segment registering the fastest growth during the forecast period.
Abrasives market data book summary
| Market revenue in 2020 | USD 419.7 million |
| Market revenue in 2028 | USD 510.3 million |
| Growth rate | 2.5% (CAGR from 2020 to 2028) |
| Largest segment | Coated |
| Fastest growing segment | Other Products |
| Historical data | 2017 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Coated, Bonded, Other Products |
| Key market players worldwide | 3M Co, Bosch, Henkel AG & Co KGaA, Compagnie de Saint-Gobain SA, Asahi Diamond Industrial Europe, sia Abrasives Holding, Deerfos, CUMI America, TYROLIT Group |
Other key industry trends
- In terms of revenue, Australia accounted for 1.2% of the global abrasives market in 2020.
- Country-wise, China is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, China abrasives market is projected to lead the regional market in terms of revenue in 2028.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,919.3 million by 2028.
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Abrasives Market Scope
Abrasives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia 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.
Coated was the largest segment with a revenue share of 60.4% in 2020. Horizon Databook has segmented the Australia abrasives market based on coated, bonded, other products covering the revenue growth of each sub-segment from 2017 to 2028.
Australia accounts for a small share in the Asia Pacific abrasive market. The Australian abrasive market is primarily driven by the construction industry. Construction is one of the key industries in the Australian economy as it generates revenue worth around USD 360 billion and contributes nearly 9% to the country’s GDP.
In addition, in October 2020, the government had planned to invest USD 14 billion for the next four years to support and accelerate infrastructure projects.
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Our clientele includes a mix of abrasives market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia abrasives market , including forecasts for subscribers. This country databook contains high-level insights into Australia abrasives market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Australia abrasives market size, by product, 2017-2028 (US$M)
Australia Abrasives Market Outlook Share, 2020 & 2028 (US$M)
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