Brazil Abrasives Market Size & Outlook, 2020-2028
Brazil abrasives market, 2017-2028 (US$M)
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Brazil abrasives market highlights
- The Brazil abrasives market generated a revenue of USD 356.2 million in 2020 and is expected to reach USD 445.9 million by 2028.
- The Brazil market is expected to grow at a CAGR of 2.8% from 2021 to 2028.
- In terms of segment, bonded was the largest revenue generating product in 2020.
- Coated is the most lucrative product segment registering the fastest growth during the forecast period.
Abrasives market data book summary
| Market revenue in 2020 | USD 356.2 million |
| Market revenue in 2028 | USD 445.9 million |
| Growth rate | 2.8% (CAGR from 2020 to 2028) |
| Largest segment | Bonded |
| Fastest growing segment | Coated |
| 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, Brazil accounted for 1.0% of the global abrasives market in 2020.
- Country-wise, China is expected to lead the global market in terms of revenue in 2028.
- In Latin America, Brazil abrasives market is projected to lead the regional market in terms of revenue in 2028.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 445.9 million by 2028.
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Abrasives Market Scope
Abrasives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 43.71% in 2020. Horizon Databook has segmented the Brazil abrasives market based on coated, bonded, other products covering the revenue growth of each sub-segment from 2017 to 2028.
Brazil is among the key economies of the Central & South American region. The GDP of Brazil declined by around 4% in 2020. With spread of COVID-19, various markets in the country are projected to decline further owing to the weak macroeconomic environment and declining demand.
For instance, automotive production in the country declined by 32% in 2020 from that in 2019. These factors are likely to present a huge challenge to the Brazilian abrasive market.
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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 Brazil abrasives market , including forecasts for subscribers. This country databook contains high-level insights into Brazil abrasives market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Brazil abrasives market size, by product, 2017-2028 (US$M)
Brazil Abrasives Market Outlook Share, 2020 & 2028 (US$M)
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