Germany Abrasives Market Size & Outlook, 2020-2028
Germany abrasives market, 2017-2028 (US$M)
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Germany abrasives market highlights
- The Germany abrasives market generated a revenue of USD 2,341.0 million in 2020 and is expected to reach USD 3,059.7 million by 2028.
- The Germany market is expected to grow at a CAGR of 3.4% 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 2,341.0 million |
| Market revenue in 2028 | USD 3,059.7 million |
| Growth rate | 3.4% (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, Germany accounted for 6.8% 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 |
|---|
Germany 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 45.32% in 2020. Horizon Databook has segmented the Germany abrasives market based on coated, bonded, other products covering the revenue growth of each sub-segment from 2017 to 2028.
Abrasive manufacturers such as Grind Master, 3M, and THELEICO Schleiftechnik GmbH & Co. KG are engaged in the production of various abrasives such as resin bonded synthetic abrasives, superabrasive grinding tools, coated abrasive wheels & belts in Germany.
Abrasive manufacturers offer tailored abrasives to meet the demand from automotive and precision machining markets. Such application-specific abrasives are likely to help meet the demand from end user industries for use in cylindrical grinding of wires.
Tubes, and flat surface finishing of ferrous and non-ferrous metals. Metal fabrication is one of the dominant segments of the abrasive market in Germany. The metal fabrication market in Germany caters to various end-use industries such as construction and automotive & transportation.
Growth in the construction and automotive sectors in the country has a direct influence on abrasives demand. Germany is one of the key players in the global automotive sector. However, the established automotive sector of Germany is projected to witness sluggish growth as many market giants had to announce the temporary closure of their manufacturing plants on account of the COVID-19 pandemic. In addition, Germany is facing a shifting paradigm toward electric engines. However, at present, the technology is far from mature and requires reliable & robust strategic guidelines from policymakers.
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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 Germany abrasives market , including forecasts for subscribers. This country databook contains high-level insights into Germany abrasives market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Germany abrasives market size, by product, 2017-2028 (US$M)
Germany Abrasives Market Outlook Share, 2020 & 2028 (US$M)
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