Brazil Abrasives Market Size & Outlook, 2020-2028
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Brazil Abrasives Market, 2017-2028 (US$M)
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Brazil abrasives market highlights
- The Brazil abrasives market generated a revenue of USD 356.2 million in 2020 and is expected to reach USD 445.9 million by 2028.
- The Brazil market is expected to grow at a CAGR of 2.8% 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 356.2 million |
| Market revenue in 2028 | USD 445.9 million |
| Growth rate | 2.8% (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, Brazil accounted for 1.0% of the global abrasives market in 2020.
- Country-wise, China is expected to lead the global market in terms of revenue in 2028.
- In Latin America, Brazil abrasives market is projected to lead the regional market in terms of revenue in 2028.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 445.9 million by 2028.
Brazil is among the key economies of the Central & South American region. The GDP of Brazil declined by around 4% in 2020. With spread of COVID-19, various markets in the country are projected to decline further owing to the weak macroeconomic environment and declining demand.
For instance, automotive production in the country declined by 32% in 2020 from that in 2019. These factors are likely to present a huge challenge to the Brazilian abrasive market.
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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 |
Brazil 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 43.71% in 2020.
Horizon Databook has segmented the Brazil abrasives market based on coated, bonded, other products covering the revenue growth of each sub-segment from 2017 to 2028.
Brazil is among the key economies of the Central & South American region. The GDP of Brazil declined by around 4% in 2020. With spread of COVID-19, various markets in the country are projected to decline further owing to the weak macroeconomic environment and declining demand.
For instance, automotive production in the country declined by 32% in 2020 from that in 2019. These factors are likely to present a huge challenge to the Brazilian abrasive market.
- Brazil Abrasives Market Product Outlook (Revenue, USD Million , 2017-2028)
- Coated
- Bonded
- Other Products
- Brazil 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 country-level data and insights on the Brazil Abrasives Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Brazil Abrasives Market Outlook from 2017 to 2028, including revenue numbers, major trends, and company profiles.
Brazil Abrasives Market, 2017-2028 (US$M)
Brazil abrasives market statistics, by product, 2017-2028 (US$M)
