Europe Abrasives Market Size & Outlook, 2020-2028

The abrasives market in Europe is expected to reach a projected revenue of US$ 10,005.7 million by 2028. A compound annual growth rate of 3.5% is expected of Europe abrasives market from 2021 to 2028.
Revenue, 2020 (US$M)
$7,615.5
Forecast, 2028 (US$M)
$10,005.7
CAGR, 2021 - 2028
3.5%
Report Coverage
Europe

Europe abrasives market highlights

  • The Europe abrasives market generated a revenue of USD 7,615.5 million in 2020.
  • The market is expected to grow at a CAGR of 3.5% 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.
  • Country-wise, Italy is expected to register the highest CAGR from 2021 to 2028.


Europe data book summary

Market revenue in 2020USD 7,615.5 million
Market revenue in 2028USD 10,005.7 million
Growth rate3.5% (CAGR from 2020 to 2028)
Largest segmentBonded
Fastest growing segmentCoated
Historical data covered2017 - 2019
Base year for estimation2020
Forecast period covered2021 - 2028
Quantitative unitsRevenue in USD million
Market segmentationCoated, Bonded, Other Products
Key market players worldwide3M 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, Europe region accounted for 22.1% of the global abrasives market in 2020.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 27,208.5 million by 2028.

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Abrasives Market Scope

Abrasives market segmentation & scope
Coated
Bonded
Other Products
Automotive & Transportation
Heavy Machinery
Metal Fabrication
Electrical & Electronics Equipment
Other Applications

Abrasives Market Companies

Name Profile # Employees HQ Website

Europe 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 44.62% in 2020. Horizon Databook has segmented the Europe abrasives market based on coated, bonded, other products covering the revenue growth of each sub-segment from 2017 to 2028.


Europe is a significant market for abrasives and held the second-largest share of 22.1% of the global market in 2020. The demand for abrasives used to machine surfaces with tight tolerance and better finish is increasing in the region. As a result, the demand for bonded and coated abrasives suitable for precision grinding processes is expected to witness growth in coming years. 

In addition, the demand for cubic boron nitride and diamond super abrasives is increasing, giving tough competition to traditional fused aluminum oxide and silicon carbide-based abrasives. Advances in machining processes such as abrasive water jet machining, which is rapidly gaining popularity in European countries, are expected to provide more opportunities for abrasive manufacturers.

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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 continent-level data and insights on the Europe abrasives market , including forecasts for subscribers. This continent databook contains high-level insights into Europe abrasives market from 2017 to 2028, including revenue numbers, major trends, and company profiles.

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Europe abrasives market size, by country, 2017-2028 (US$M)

Europe Abrasives Market Outlook Share, 2020 & 2028 (US$M)

Europe abrasives market size, by country, 2017-2028 (US$M)

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