North America Abrasives Market Size & Outlook, 2020-2028
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North America Abrasives Market, 2017-2028 (US$M)
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North America abrasives market highlights
- The North America abrasives market generated a revenue of USD 5,130.9 million in 2020.
- The market is expected to grow at a CAGR of 4.1% 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, Mexico is expected to register the highest CAGR from 2021 to 2028.
North America data book summary
| Market revenue in 2020 | USD 5,130.9 million |
| Market revenue in 2028 | USD 7,087.1 million |
| Growth rate | 4.1% (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, North America region accounted for 14.9% 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.
The demand for abrasives in North America is led by the U.S., which constitutes a major share of the market. In 2020, the U.S. held a share of over 75.0% of North America abrasive market. The development of precision tooling and sophisticated machine part manufacturing units in North America is expected to promote market growth in the coming years.
The continuous increase in the number of ferrous and non-ferrous metal machine shops to meet the demand from end-use industries has triggered the demand for coated and bonded abrasives. The broad applications of abrasives in machine shops, such as cutting, grinding, polishing, and surface finishing, are expected to drive the demand in the coming years.
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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 |
North America 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 44.13% in 2020.
Horizon Databook has segmented the North America abrasives market based on coated, bonded, other products covering the revenue growth of each sub-segment from 2017 to 2028.
The demand for abrasives in North America is led by the U.S., which constitutes a major share of the market. In 2020, the U.S. held a share of over 75.0% of North America abrasive market. The development of precision tooling and sophisticated machine part manufacturing units in North America is expected to promote market growth in the coming years.
The continuous increase in the number of ferrous and non-ferrous metal machine shops to meet the demand from end-use industries has triggered the demand for coated and bonded abrasives. The broad applications of abrasives in machine shops, such as cutting, grinding, polishing, and surface finishing, are expected to drive the demand in the coming years.
- North America Abrasives Market Product Outlook (Revenue, USD Million , 2017-2028)
- Coated
- Bonded
- Other Products
- North America 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 North America Abrasives Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Abrasives Market Outlook from 2017 to 2028, including revenue numbers, major trends, and company profiles.
North America Abrasives Market, 2017-2028 (US$M)
North America abrasives market statistics, by product, 2017-2028 (US$M)
