Latin America Abrasives Market Size & Outlook, 2020-2028
Latin America abrasives market, 2017-2028 (US$M)
Related Markets
Latin America abrasives market highlights
- The Latin America abrasives market generated a revenue of USD 951.9 million in 2020.
- The market is expected to grow at a CAGR of 2.7% 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, Brazil is expected to register the highest CAGR from 2021 to 2028.
Latin America data book summary
| Market revenue in 2020 | USD 951.9 million |
| Market revenue in 2028 | USD 1,178.4 million |
| Growth rate | 2.7% (CAGR from 2020 to 2028) |
| Largest segment | Bonded |
| Fastest growing segment | Coated |
| Historical data covered | 2017 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 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, Latin America region accounted for 2.8% 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 Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 43.82% in 2020. Horizon Databook has segmented the Latin America abrasives market based on coated, bonded, other products covering the revenue growth of each sub-segment from 2017 to 2028.
Central & South America abrasive market is anticipated to witness least growth in the global abrasive market over the forecast period. The growth in the region was impacted in 2020, with the emergence of the COVID-19 pandemic, which can be reflected in the GDP of Central & South America that contracted by around 8% in the same year. Supply chain disruptions and declining investments owing to coronavirus outbreak are the major factors contributing to the economic decline of the region.
Brazil and Argentina are the key consumers of abrasives and also the worst-hit nations in the region. With governments’ initiatives toward economic recovery, the impact of the COVID-19 pandemic is expected to deteriorate, which is anticipated to augment the demand for abrasive over the coming years.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America abrasives market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America abrasives market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Latin America abrasives market size, by country, 2017-2028 (US$M)
Latin America Abrasives Market Outlook Share, 2020 & 2028 (US$M)
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