India abrasives market is expected
to grow at a double-digit CAGR in the forecast period, FY2023-FY2027. Due to
the launch of government policies and schemes such as the “Make in India”
initiative which aims to promote domestic manufacturing and production the
boost to the local industries and increase the domestic production is the
driving factor for the growth of the abrasives market in the forecast period.
High demand from the prominent end-user industries including automotive, steel,
auto components, general metal fabrication, among others is expected to
contribute to the abrasives market growth.
Increasing demand for machinery
and metal fabrication industries in the country is expected to influence the
abrasives market growth. Increasing industrialization across the country and
the growth of the industries such as automotive, machinery, and metal
fabrication industries, among others to satisfy the requirements of the growing
population is contributing significantly to the abrasives market growth. The surge
in the preference of the consumers for vehicle ownership to ensure safety and
enhance the safety of the consumers is expected to fuel the demand for
passenger and commercial vehicles which in turn is expected to accelerate the
abrasives market growth in the next five years.
India abrasives market is
segmented into type, material, end-user industry, regional distribution, and
company. Based on the end-user industry, the market can be divided into
automotive, metal fabrication, machinery, electronics, construction, and
others. The metal fabrication industry is expected to witness growth in the
forecast period, 2022-2026. The high demand from the metal fabrication industry
for cutting and grinding purposes. It is also used for surface blending, the
removal of welds and excess material, finishing, and polishing.
The major players operating in the
India abrasives market are Carborundum Universal Ltd, Grindwell
Norton Ltd, Wendt India Ltd, Hindustan Abrasives, Sterling Abrasives Limited, Orient
Abrasives Limited, Welcast Steels Ltd, Asahi Diamond Industrial India Private
Limited, Bosch Limited, Henkel Anand India Private Limited, and others. Major
companies are developing advanced technologies and launching new services to
stay competitive in the market. Other competitive strategies include mergers
& acquisitions and new service developments.
Years considered for this report:
Historical Years: FY2017-FY2020
Base Year: FY2021
Estimated Year: FY2022
Forecast Period: FY2023–FY2027
Objective of the
- To analyze the historical growth of the market
size of India abrasives market from FY2017 to FY2020.
- To estimate and forecast the market size of India
abrasives market from FY2021 to FY2027 and growth rate until FY2027.
- To classify and forecast India abrasives market
based on type, material, end-user industry, regional distribution, and
- To identify dominant region or segment in the India
- To identify drivers and challenges for India abrasives
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in India
- To identify and analyze the profile of leading
players operating in India abrasives market.
- To identify key sustainable strategies adopted
by market players in India abrasives market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the service providers who
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufacturers, distribution channels and presence of all
major players across the globe.
TechSci Research calculated the market size of India abrasives market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Abrasives manufacturing
- Market research and
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums, and
alliances related to abrasives market
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, suppliers and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
In this report, India abrasives market
has been segmented into following categories, in addition to the industry
trends which have also been detailed below:
India Abrasives Market, By Type:
- India Abrasives Market, By Material:
- India Abrasives Market, By End-user Industry:
- India Abrasives Market, By Region:
Company Profiles: Detailed analysis of the major
companies present in India abrasives market.
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
India abrasives market is
an upcoming report to be released soon. If you wish an early delivery of this
report or want to confirm the date of release, please contact us at [email protected]
- Detailed analysis and
profiling of additional market players (up to five).