Canada Abrasives Market Size & Outlook, 2020-2028
Canada abrasives market, 2017-2028 (US$M)
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Canada abrasives market highlights
- The Canada abrasives market generated a revenue of USD 552.9 million in 2020 and is expected to reach USD 747.7 million by 2028.
- The Canada market is expected to grow at a CAGR of 3.8% 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 552.9 million |
| Market revenue in 2028 | USD 747.7 million |
| Growth rate | 3.8% (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, Canada accounted for 1.6% of the global abrasives market in 2020.
- Country-wise, China is expected to lead the global market in terms of revenue in 2028.
- In North America, U.S. abrasives market is projected to lead the regional market in terms of revenue in 2028.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 1,016.8 million by 2028.
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Abrasives Market Scope
Abrasives Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 45.51% in 2020. Horizon Databook has segmented the Canada abrasives market based on coated, bonded, other products covering the revenue growth of each sub-segment from 2017 to 2028.
Canada accounted for a share of nearly 11.0% of the North America abrasive market, in 2020. The presence of automotive companies and equipment manufacturers in the country has led to the demand for abrasives in Canada.
The market growth was severely hit in 2020 owing to the COVID-19 pandemic. Canada’s automotive production declined by 28% from 2019 to 2020.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada abrasives market , including forecasts for subscribers. This country databook contains high-level insights into Canada abrasives market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Canada abrasives market size, by product, 2017-2028 (US$M)
Canada Abrasives Market Outlook Share, 2020 & 2028 (US$M)
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