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 Study:

  • 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 company.
  • To identify dominant region or segment in the India abrasives market
  • To identify drivers and challenges for India abrasives market
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India abrasives market.
  • 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 companies
  • Market research and consulting firms
  • 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 opportunities.

Report Scope:

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:

    • Bonded
    • Coated
    • Super
  • India Abrasives Market, By Material:
    • Natural
    • Synthetic
  • India Abrasives Market, By End-user Industry:
    • Automotive
    • Metal Fabrication
    • Machinery
    • Electronics
    • Construction
    • Others
  • India Abrasives Market, By Region:
    • North
    • South
    • East
    • West

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India abrasives market.

Available Customizations:

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:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
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]

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on India Abrasives Market

4.    Executive Summary

5.    India Abrasives Market Outlook, FY2017-FY2027F

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Type (Bonded, Coated, and Super)

5.2.2.     By Material (Natural and Synthetic)

5.2.3.     By End-user Industry (Automotive, Metal Fabrication, Machinery, Electronics, Construction, and Others)

5.2.4.     By Company (FY2021)

5.2.5.     By Region (North, East, West, South)

5.3.  Market Map

6.    India Bonded Abrasives Market Outlook, FY2017-FY2027F

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Material

6.2.2.     By End-user Industry

7.    India Coated Abrasives Market Outlook, FY2017-FY2027F

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Material

7.2.2.     By End-user Industry

8.    India Super Abrasives Market Outlook, FY2017-FY2027F

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Material

8.2.2.     By End-user Industry

9.    Import & Export Analysis

10.  Market Dynamics

10.1.              Drivers

10.2.              Challenges

11.  Market Trends & Developments

12.  Policy & Regulatory Landscape

13.  India Economic Profile

14.  Competitive Landscape

14.1.              Competition Outlook

14.2.              Company Profiles (Leading Companies)

14.2.1.  Carborundum Universal Ltd

14.2.2.  Grindwell Norton Ltd

14.2.3.  Wendt India Ltd

14.2.4.  Hindustan Abrasives

14.2.5.  Sterling Abrasives Limited

14.2.6.  Orient Abrasives Limited

14.2.7.  Welcast Steels Ltd

14.2.8.  Asahi Diamond Industrial India Private Limited

14.2.9.  Bosch Limited

14.2.10.                Henkel Anand India Private Limited

15.  Strategic Recommendations

16. About Us & Disclaimer