Russia Abrasives Market Size & Outlook, 2020-2028
Russia abrasives market, 2017-2028 (US$M)
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Russia abrasives market highlights
- The Russia abrasives market generated a revenue of USD 916.9 million in 2020 and is expected to reach USD 1,212.7 million by 2028.
- The Russia market is expected to grow at a CAGR of 3.6% 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 916.9 million |
| Market revenue in 2028 | USD 1,212.7 million |
| Growth rate | 3.6% (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, Russia accounted for 2.7% 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 |
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Russia 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 Russia abrasives market based on coated, bonded, other products covering the revenue growth of each sub-segment from 2017 to 2028.
Russia held a share of over 12.0% of Europe abrasive market in 2020 and is anticipated to register a growth rate of 3.6% from 2021 to 2028. The growth of industrial sector in Russia is expected to prove fruitful for abrasives. Machine-building industry is of vital importance in Russia, backed by high technology manufacturing.
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Horizon Databook provides a detailed overview of country-level data and insights on the Russia abrasives market , including forecasts for subscribers. This country databook contains high-level insights into Russia abrasives market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Russia abrasives market size, by product, 2017-2028 (US$M)
Russia Abrasives Market Outlook Share, 2020 & 2028 (US$M)
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