France Abrasives Market Size & Outlook, 2020-2028
France abrasives market, 2017-2028 (US$M)
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France abrasives market highlights
- The France abrasives market generated a revenue of USD 1,103.9 million in 2020 and is expected to reach USD 1,406.3 million by 2028.
- The France market is expected to grow at a CAGR of 3.1% 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 1,103.9 million |
| Market revenue in 2028 | USD 1,406.3 million |
| Growth rate | 3.1% (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, France accounted for 3.2% of the global abrasives market in 2020.
- Country-wise, China is expected to lead the global market in terms of revenue in 2028.
- In Europe, Germany abrasives market is projected to lead the regional market in terms of revenue in 2028.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 616.3 million by 2028.
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Abrasives Market Scope
Abrasives Market Companies
| Name | Profile | # Employees | HQ | Website |
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France 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 43.94% in 2020. Horizon Databook has segmented the France abrasives market based on coated, bonded, other products covering the revenue growth of each sub-segment from 2017 to 2028.
France is anticipated to witness least growth in Europe over the forecast period. The country ranked 5th in the world, in terms of the number of COVID-19 cases, as of August 10, 2021. The outbreak of the pandemic had a severe impact on the automotive industry and the second and third waves of the pandemic are further deteriorating the economic growth.
The steep decline in market growth in 2020 can be attributed to declined automotive production in the country. The overall vehicle production in France declined by 39% in 2020 from 2019. However, emphasis on the development and growth of the EV industry is expected to help sustain the growing demand for abrasives in the French auto industry.
For instance, in June 2021, Renault announced about combining three of its plants in Northern France into a new legal entity, called Renault Electricity. This new initiative is to focus on EV manufacturing and build 400,000 EVs per year by 2025. Factories to be grouped together are the Douai, Maubeuge, and Ruitz. Such initiatives towards EV industry in France is expected to augment abrasive need in the country over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the France abrasives market , including forecasts for subscribers. This country databook contains high-level insights into France abrasives market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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France abrasives market size, by product, 2017-2028 (US$M)
France Abrasives Market Outlook Share, 2020 & 2028 (US$M)
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