China Abrasives Market Size & Outlook, 2020-2028
China abrasives market, 2017-2028 (US$M)
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China abrasives market highlights
- The China abrasives market generated a revenue of USD 10,555.9 million in 2020 and is expected to reach USD 15,383.8 million by 2028.
- The China market is expected to grow at a CAGR of 4.8% 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 10,555.9 million |
| Market revenue in 2028 | USD 15,383.8 million |
| Growth rate | 4.8% (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, China accounted for 30.7% 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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China 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 China abrasives market based on coated, bonded, other products covering the revenue growth of each sub-segment from 2017 to 2028.
The abrasive market in China is mature with the presence of numerous unorganized players. As of 2020, China was the largest producers of fused aluminum oxide and silicon carbide globally. Based on these factors, China is likely to continue its dominance in the production of fused aluminum oxide and silicon carbide over the forecast period.
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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 China abrasives market , including forecasts for subscribers. This country databook contains high-level insights into China abrasives market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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China abrasives market size, by product, 2017-2028 (US$M)
China Abrasives Market Outlook Share, 2020 & 2028 (US$M)
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