Japan Abrasives Market Size & Outlook, 2020-2028
Japan abrasives market, 2017-2028 (US$M)
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Japan abrasives market highlights
- The Japan abrasives market generated a revenue of USD 1,566.9 million in 2020 and is expected to reach USD 2,060.9 million by 2028.
- The Japan 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.
Abrasives market data book summary
| Market revenue in 2020 | USD 1,566.9 million |
| Market revenue in 2028 | USD 2,060.9 million |
| Growth rate | 3.5% (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, Japan accounted for 4.6% 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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Japan 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 Japan abrasives market based on coated, bonded, other products covering the revenue growth of each sub-segment from 2017 to 2028.
Japan is known for the technological advancements it has made over the years. It is one of the most developed countries in the world. The country’s economic growth shrank in 2020, which can mainly be attributed to capital expenditure that was hard hit due to the outbreak of COVID-19. The country is recovering from the economic slump as end use industries are resuming their operations.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan abrasives market , including forecasts for subscribers. This country databook contains high-level insights into Japan abrasives market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Japan abrasives market size, by product, 2017-2028 (US$M)
Japan Abrasives Market Outlook Share, 2020 & 2028 (US$M)
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