Asia Pacific Abrasives Market Size & Outlook, 2020-2028
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Asia Pacific Abrasives Market, 2017-2028 (US$M)
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Asia Pacific abrasives market highlights
- The Asia Pacific abrasives market generated a revenue of USD 18,850.3 million in 2020.
- The market is expected to grow at a CAGR of 4.7% 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, India is expected to register the highest CAGR from 2021 to 2028.
Asia Pacific data book summary
| Market revenue in 2020 | USD 18,850.3 million |
| Market revenue in 2028 | USD 27,208.5 million |
| Growth rate | 4.7% (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, Asia Pacific region accounted for 54.8% 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.
Asia Pacific was largest regional segment of global abrasive market in 2020 and this trend is expected to continue over the forecast period. Like other regions, Asia Pacific was majorly affected by the outbreak of the COVID-19 pandemic in 2020. However, countries in the region, especially China, showed quick recovery. The emerging economies in Asia Pacific acquiring high-end technology for the manufacturing of customer-specific abrasives is expected to augment the market growth.
The growth in the region can be attributed to developing economies, such as China, India, and South Korea, which are witnessing increasing spending in the manufacturing sector along with other end-use industries. Increasing investments, coupled with the growing manufacturing sector, are likely to increase the demand for abrasives in various industries such as machinery, automotive, and construction in the region.
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Abrasives Market Scope
Abrasives Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| 3M Co | View profile | 85,000 | 3M Center, St. Paul, MN, United States, 55144 | www.3m.com |
| Henkel AG & Co KGaA | View profile | 48,000 | Henkelstrasse 67, Duesseldorf, NW, Germany, 40589 | www.henkel.com |
| Compagnie de Saint-Gobain SA | View profile | 168,508 | 12, Place de l'Iris, Tour Saint-Gobain, Courbevoie, France, 92400 | www.saint-gobain.com |
| Bosch | View profile | 10001+ | Stuttgart, Baden-Wurttemberg, Germany, Europe | www.bosch.com |
| Asahi Diamond Industrial Europe | View profile | 51-100 | Chartres, Centre, France, Europe | www.asahidia.eu |
| sia Abrasives Holding | View profile | 1001-5000 | Frauenfeld, Thurgau, Switzerland, Europe | www.siaabrasives.com/ |
| Deerfos | View profile | 11-50 | Santana, Sao Paulo, Brazil, South America | deerfos.com.br |
| CUMI America | View profile | 11-50 | Oakdale, Pennsylvania, United States, North America | www.cumiamericas.com |
| TYROLIT Group | View profile | 1001-5000 | Schwaz, Tirol, Austria, Europe | www.tyrolit.com |
Asia Pacific 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 Outlook will help companies and investors design strategic landscapes.
Bonded was the largest segment with a revenue share of 43.43% in 2020.
Horizon Databook has segmented the Asia Pacific abrasives market based on coated, bonded, other products covering the revenue growth of each sub-segment from 2017 to 2028.
Asia Pacific was largest regional segment of global abrasive market in 2020 and this trend is expected to continue over the forecast period. Like other regions, Asia Pacific was majorly affected by the outbreak of the COVID-19 pandemic in 2020. However, countries in the region, especially China, showed quick recovery. The emerging economies in Asia Pacific acquiring high-end technology for the manufacturing of customer-specific abrasives is expected to augment the market growth.
The growth in the region can be attributed to developing economies, such as China, India, and South Korea, which are witnessing increasing spending in the manufacturing sector along with other end-use industries. Increasing investments, coupled with the growing manufacturing sector, are likely to increase the demand for abrasives in various industries such as machinery, automotive, and construction in the region.
- Asia Pacific Abrasives Market Product Outlook (Revenue, USD Million , 2017-2028)
- Coated
- Bonded
- Other Products
- Asia Pacific Abrasives Market Application Outlook (Revenue, USD Million , 2017-2028)
- Automotive & Transportation
- Heavy Machinery
- Metal Fabrication
- Electrical & Electronics Equipment
- Other Applications
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Abrasives Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Abrasives Market Outlook from 2017 to 2028, including revenue numbers, major trends, and company profiles.
Asia Pacific Abrasives Market, 2017-2028 (US$M)
Asia Pacific abrasives market statistics, by product, 2017-2028 (US$M)
