Global Metal Abrasives Market Size & Outlook, 2021-2030
Global metal abrasives market, 2018-2030 (US$M)
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Global metal abrasives market highlights
- The global metal abrasives market generated a revenue of USD 5,735.7 million in 2021 and is expected to reach USD 8,762.4 million by 2030.
- The market is expected to grow at a CAGR (2022 - 2030) of 4.8% by 2030.
- In terms of segment, steel accounted for a revenue of USD 5,182.3 million in 2021.
- Steel is the most lucrative material segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2021.
- Country-wise, Australia is expected to register the highest CAGR from 2022 to 2030.
Global data book summary
| Market revenue in 2021 | USD 5,735.7 million |
| Market revenue in 2030 | USD 8,762.4 million |
| Growth rate | 4.8% (CAGR from 2021 to 2030) |
| Largest segment | Steel |
| Fastest growing segment | Steel |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Steel |
Other key industry trends
- In terms of revenue, the North America accounted for 14.9% of the global metal abrasives market in 2021.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Australia is the fastest growing regional market and is projected to reach USD 85.0 million by 2030.
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Metal Abrasives Market Scope
Metal Abrasives Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global metal 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 metal abrasives market will help companies and investors design strategic landscapes.
Steel was the largest segment with a revenue share of 90.35% in 2021. Horizon Databook has segmented the Global metal abrasives market based on steel covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Metal Abrasives Material Outlook (Revenue, USD Million, 2018-2030)
- Steel
- Others
- Global Metal Abrasives Application Outlook (Revenue, USD Million, 2018-2030)
- Automotive
- Metalworking
- Machinery & equipment
- Construction
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global metal abrasives market , including forecasts for subscribers. This global databook contains high-level insights into Global metal abrasives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global metal abrasives market size, by regions, 2018-2030 (US$M)
Top 10 countries: Metal abrasives market size, 2021 (US$M)
Global metal abrasives market share, by material, 2021 & 2030 (%, US$M)
Metal abrasives market: Opportunity assessment by country
Global metal abrasives market, by region, 2021 (US$M)
| Material | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 902.6 | 903.6 | 831.2 | 854.6 | 920.6 | 909.8 | 948.0 | 995.7 | 1,050.7 | 1,120.3 | 1,187.1 | 1,236.3 | 1,296.9 | 4.7% |
| Europe | 1,358.2 | 1,350.3 | 1,233.7 | 1,262.3 | 1,352.9 | 1,330.7 | 1,380.2 | 1,440.7 | 1,508.9 | 1,595.9 | 1,676.0 | 1,735.3 | 1,807.1 | 4.1% |
| Asia Pacific | 3,176.4 | 3,196.2 | 3,053.7 | 3,153.2 | 3,417.2 | 3,399.5 | 3,563.9 | 3,766.2 | 3,995.3 | 4,279.7 | 4,557.4 | 4,773.8 | 5,034.6 | 5.3% |
| Latin America | 173.5 | 170.7 | 154.2 | 157.2 | 167.8 | 164.2 | 169.0 | 174.9 | 181.5 | 189.9 | 197.8 | 202.5 | 208.7 | 3.2% |
| MEA | 343.4 | 335.9 | 301.8 | 308.5 | 329.8 | 323.2 | 333.4 | 345.5 | 358.7 | 375.8 | 391.2 | 402.1 | 415.2 | 3.4% |
| Overall | 5,954.2 | 5,956.7 | 5,574.7 | 5,735.7 | 6,188.3 | 6,127.3 | 6,394.5 | 6,723.1 | 7,095.1 | 7,561.7 | 8,009.5 | 8,350.0 | 8,762.4 | 4.8% |
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