Europe Abrasives Market Size & Outlook, 2020-2028
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Europe Abrasives Market, 2017-2028 (US$M)
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Europe abrasives market highlights
- The Europe abrasives market generated a revenue of USD 7,615.5 million in 2020.
- The market is expected to grow at a CAGR of 3.5% 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, Italy is expected to register the highest CAGR from 2021 to 2028.
Europe data book summary
| Market revenue in 2020 | USD 7,615.5 million |
| Market revenue in 2028 | USD 10,005.7 million |
| Growth rate | 3.5% (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, Europe region accounted for 22.1% 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.
Europe is a significant market for abrasives and held the second-largest share of 22.1% of the global market in 2020. The demand for abrasives used to machine surfaces with tight tolerance and better finish is increasing in the region. As a result, the demand for bonded and coated abrasives suitable for precision grinding processes is expected to witness growth in coming years.
In addition, the demand for cubic boron nitride and diamond super abrasives is increasing, giving tough competition to traditional fused aluminum oxide and silicon carbide-based abrasives. Advances in machining processes such as abrasive water jet machining, which is rapidly gaining popularity in European countries, are expected to provide more opportunities for abrasive manufacturers.
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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 |
Europe 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 44.62% in 2020.
Horizon Databook has segmented the Europe abrasives market based on coated, bonded, other products covering the revenue growth of each sub-segment from 2017 to 2028.
Europe is a significant market for abrasives and held the second-largest share of 22.1% of the global market in 2020. The demand for abrasives used to machine surfaces with tight tolerance and better finish is increasing in the region. As a result, the demand for bonded and coated abrasives suitable for precision grinding processes is expected to witness growth in coming years.
In addition, the demand for cubic boron nitride and diamond super abrasives is increasing, giving tough competition to traditional fused aluminum oxide and silicon carbide-based abrasives. Advances in machining processes such as abrasive water jet machining, which is rapidly gaining popularity in European countries, are expected to provide more opportunities for abrasive manufacturers.
- Europe Abrasives Market Product Outlook (Revenue, USD Million , 2017-2028)
- Coated
- Bonded
- Other Products
- Europe 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 Europe Abrasives Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Abrasives Market Outlook from 2017 to 2028, including revenue numbers, major trends, and company profiles.
Europe Abrasives Market, 2017-2028 (US$M)
Europe abrasives market statistics, by product, 2017-2028 (US$M)
