India Abrasives Market Size & Outlook, 2020-2028
India abrasives market, 2017-2028 (US$M)
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India abrasives market highlights
- The India abrasives market generated a revenue of USD 3,937.5 million in 2020 and is expected to reach USD 5,919.3 million by 2028.
- The India market is expected to grow at a CAGR of 5.2% 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 3,937.5 million |
| Market revenue in 2028 | USD 5,919.3 million |
| Growth rate | 5.2% (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, India accounted for 11.4% 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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India 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% in 2020. Horizon Databook has segmented the India abrasives market based on coated, bonded, other products covering the revenue growth of each sub-segment from 2017 to 2028.
India is among the fastest-growing markets for abrasives in Asia Pacific. The country is among the fastest-growing economies in the world and is witnessing positive economic growth owing to rising government initiatives, which, in turn, is promoting the country’s manufacturing sector along with encouraging FDIs. India is Asia’s third-largest economy in the world.
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Horizon Databook provides a detailed overview of country-level data and insights on the India abrasives market , including forecasts for subscribers. This country databook contains high-level insights into India abrasives market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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India abrasives market size, by product, 2017-2028 (US$M)
India Abrasives Market Outlook Share, 2020 & 2028 (US$M)
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