India Abrasives Market (2024-2030) Outlook | Industry, Forecast, Size, Analysis, Growth, Share, Value, Revenue, Trends & Companies

India Abrasives Market Synopsis

India is one of the largest producers and consumers of abrasives in the world. India has an estimated production capacity of 1,500 million metric tons and a consumption rate of about 600-800 million metric tons per annum. The size of India Abrasives market stands at Rs 5,000 crore (approx.) as per 2019 estimates which are expected to grow further with increasing demand from various sectors such as metal fabrication, construction, industrial machinery manufacturing, automotive etc., where these products are used for grinding/ polishing operations.

Market Drivers

Increasing demand from end use industries such as Metal Fabrication; Construction; Automotive & Aerospace; Industrial Machinery Manufacturing have been driving growth in India abrasive industry over recent years. Additionally growing initiatives by government towards infrastructure development & housing projects along with increasing consumer spending on durable goods will continue to drive future growth prospects for this sector. Increasing focus on safety standards in workplaces and rising investments into R&D activities by major players in order to develop high performing quality products at competitive prices will also act as key drivers going forward.

Challenges of the Market

There are few challenges which might limit growth prospects for the industry going ahead some of them include - Rising raw material costs due to shortage supply & increased volatility across commodities markets; Adverse impact from changing trade policies between countries especially after Brexit ; Increased competition due to presence of local players offering same kind of good quality product at cheaper rates when compared international manufacturers & availability fake or low-grade alternatives affecting the brand image.

Key Players in the Market

The key players operating within India Abrasive Industry include Carborundum Universal Ltd.; Saint-Gobain Abrasives Pvt Ltd.; Uneeda Enterprizes Pvt Ltd.; Flexovit Tools Private Limited (partnering 3M) ; Metak Impex Pvt Ltd amongst others who offer wide range variety different types sizes , shapes grades materials suiting customer needs applications.

COVID-19 impact on the market

Shortage skilled labor working capital created disruption normal business activities during pandemic leading decline sales orders revenues many companies however it has provided opportunity boost digitalization automation processes which should help improve efficiency operational cost savings long term basis looking outlook post pandemic situation remains uncertain but overall sector likely witness steady recovery once economic conditions get back normal levels again.

Key Highlights of the Report:

• India Abrasives Market Outlook
• Market Size of India Abrasives Market, 2023
• Forecast of India Abrasives Market, 2030
• Historical Data and Forecast of India Abrasives Revenues & Volume for the Period 2020-2030
• India Abrasives Market Trend Evolution
• India Abrasives Market Drivers and Challenges
• India Abrasives Price Trends
• India Abrasives Porter's Five Forces
• India Abrasives Industry Life Cycle
• Historical Data and Forecast of India Abrasives Market Revenues & Volume By By Product for the Period 2020-2030
• Historical Data and Forecast of India Abrasives Market Revenues & Volume By Coated for the Period 2020-2030
• Historical Data and Forecast of India Abrasives Market Revenues & Volume By Bonded for the Period 2020-2030
• Historical Data and Forecast of India Abrasives Market Revenues & Volume By Others for the Period 2020-2030
• Historical Data and Forecast of India Abrasives Market Revenues & Volume By By Application for the Period 2020-2030
• Historical Data and Forecast of India Abrasives Market Revenues & Volume By Automotive & Transportation for the Period 2020-2030
• Historical Data and Forecast of India Abrasives Market Revenues & Volume By Heavy Machinery for the Period 2020-2030
• Historical Data and Forecast of India Abrasives Market Revenues & Volume By Metal Fabrication for the Period 2020-2030
• Historical Data and Forecast of India Abrasives Market Revenues & Volume By Electrical & Electronics Equipment for the Period 2020-2030
• Historical Data and Forecast of India Abrasives Market Revenues & Volume By Others for the Period 2020-2030
• India Abrasives Import Export Trade Statistics
• Market Opportunity Assessment By By Product
• Market Opportunity Assessment By By Application
• India Abrasives Top Companies Market Share
• India Abrasives Competitive Benchmarking By Technical and Operational Parameters
• India Abrasives Company Profiles
• India Abrasives Key Strategic Recommendations