| Product Code: ETC8620060 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Nigeria continued to heavily rely on imports of bonded abrasives, with top exporters being China, Germany, Slovenia, Italy, and Poland. The market showed a high degree of concentration with a very high Herfindahl-Hirschman Index (HHI) in 2024. However, the industry experienced a decline in Compound Annual Growth Rate (CAGR) from 2020 to 2024 at -17.22%. Despite this, there was a slight uptick in growth from 2023 to 2024, with a growth rate of 0.54%, indicating a potential stabilization in the market.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Bonded Abrasives Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Bonded Abrasives Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Bonded Abrasives Market - Industry Life Cycle |
3.4 Nigeria Bonded Abrasives Market - Porter's Five Forces |
3.5 Nigeria Bonded Abrasives Market Revenues & Volume Share, By Bond Type, 2021 & 2031F |
3.6 Nigeria Bonded Abrasives Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Nigeria Bonded Abrasives Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Nigeria Bonded Abrasives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the manufacturing sector in Nigeria leading to increased demand for bonded abrasives. |
4.2.2 Expansion of construction and infrastructure projects driving the need for abrasives for cutting, grinding, and polishing purposes. |
4.2.3 Technological advancements in the abrasives industry leading to the development of innovative products and applications. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting the overall production costs of bonded abrasives. |
4.3.2 Competitive market landscape with the presence of both local and international abrasive manufacturers. |
4.3.3 Challenges related to the availability of skilled labor for the manufacturing and application of bonded abrasives. |
5 Nigeria Bonded Abrasives Market Trends |
6 Nigeria Bonded Abrasives Market, By Types |
6.1 Nigeria Bonded Abrasives Market, By Bond Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Bonded Abrasives Market Revenues & Volume, By Bond Type, 2021- 2031F |
6.1.3 Nigeria Bonded Abrasives Market Revenues & Volume, By Vitrified Bond, 2021- 2031F |
6.1.4 Nigeria Bonded Abrasives Market Revenues & Volume, By Resin Bond, 2021- 2031F |
6.1.5 Nigeria Bonded Abrasives Market Revenues & Volume, By Rubber Bond, 2021- 2031F |
6.1.6 Nigeria Bonded Abrasives Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Nigeria Bonded Abrasives Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Bonded Abrasives Market Revenues & Volume, By Polishing, 2021- 2031F |
6.2.3 Nigeria Bonded Abrasives Market Revenues & Volume, By Cutting, 2021- 2031F |
6.2.4 Nigeria Bonded Abrasives Market Revenues & Volume, By Grinding, 2021- 2031F |
6.2.5 Nigeria Bonded Abrasives Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Nigeria Bonded Abrasives Market, By End-user Industry |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Bonded Abrasives Market Revenues & Volume, By Automotive, 2021- 2031F |
6.3.3 Nigeria Bonded Abrasives Market Revenues & Volume, By Marine, 2021- 2031F |
6.3.4 Nigeria Bonded Abrasives Market Revenues & Volume, By Aerospace, 2021- 2031F |
6.3.5 Nigeria Bonded Abrasives Market Revenues & Volume, By Construction, 2021- 2031F |
6.3.6 Nigeria Bonded Abrasives Market Revenues & Volume, By Metal Working, 2021- 2031F |
6.3.7 Nigeria Bonded Abrasives Market Revenues & Volume, By Others, 2021- 2031F |
7 Nigeria Bonded Abrasives Market Import-Export Trade Statistics |
7.1 Nigeria Bonded Abrasives Market Export to Major Countries |
7.2 Nigeria Bonded Abrasives Market Imports from Major Countries |
8 Nigeria Bonded Abrasives Market Key Performance Indicators |
8.1 Average order value per customer indicating the level of customer engagement and potential market growth. |
8.2 Number of new product launches showcasing innovation and market responsiveness. |
8.3 Customer satisfaction scores reflecting the quality and performance of bonded abrasives in the Nigerian market. |
9 Nigeria Bonded Abrasives Market - Opportunity Assessment |
9.1 Nigeria Bonded Abrasives Market Opportunity Assessment, By Bond Type, 2021 & 2031F |
9.2 Nigeria Bonded Abrasives Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Nigeria Bonded Abrasives Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Nigeria Bonded Abrasives Market - Competitive Landscape |
10.1 Nigeria Bonded Abrasives Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Bonded Abrasives Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |