North America Abrasives Market Size & Outlook, 2020-2028

The abrasives market in North America is expected to reach a projected revenue of US$ 7,087.1 million by 2028. A compound annual growth rate of 4.1% is expected of North America abrasives market from 2021 to 2028.
Revenue, 2020 (US$M)
$5,130.9
Forecast, 2028 (US$M)
$7,087.1
CAGR, 2021 - 2028
4.1%
Report Coverage
North America

North America abrasives market highlights

  • The North America abrasives market generated a revenue of USD 5,130.9 million in 2020.
  • The market is expected to grow at a CAGR of 4.1% 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.
  • Country-wise, Mexico is expected to register the highest CAGR from 2021 to 2028.


North America data book summary

Market revenue in 2020USD 5,130.9 million
Market revenue in 2028USD 7,087.1 million
Growth rate4.1% (CAGR from 2020 to 2028)
Largest segmentBonded
Fastest growing segmentCoated
Historical data covered2017 - 2019
Base year for estimation2020
Forecast period covered2021 - 2028
Quantitative unitsRevenue in USD million
Market segmentationCoated, Bonded, Other Products
Key market players worldwide3M 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, North America region accounted for 14.9% 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 segmentation & scope
Coated
Bonded
Other Products
Automotive & Transportation
Heavy Machinery
Metal Fabrication
Electrical & Electronics Equipment
Other Applications

Abrasives Market Companies

Name Profile # Employees HQ Website

North 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 44.13% in 2020. Horizon Databook has segmented the North America abrasives market based on coated, bonded, other products covering the revenue growth of each sub-segment from 2017 to 2028.


The demand for abrasives in North America is led by the U.S., which constitutes a major share of the market. In 2020, the U.S. held a share of over 75.0% of North America abrasive market. The development of precision tooling and sophisticated machine part manufacturing units in North America is expected to promote market growth in the coming years.

The continuous increase in the number of ferrous and non-ferrous metal machine shops to meet the demand from end-use industries has triggered the demand for coated and bonded abrasives. The broad applications of abrasives in machine shops, such as cutting, grinding, polishing, and surface finishing, are expected to drive the demand in the coming years. 



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Horizon Databook provides a detailed overview of continent-level data and insights on the North America abrasives market , including forecasts for subscribers. This continent databook contains high-level insights into North America abrasives market from 2017 to 2028, including revenue numbers, major trends, and company profiles.

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North America abrasives market size, by country, 2017-2028 (US$M)

North America Abrasives Market Outlook Share, 2020 & 2028 (US$M)

North America abrasives market size, by country, 2017-2028 (US$M)

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