According to a recent market study published by Growth Market Reports, titled, "Global Coated Abrasives Market by backing materials, types, coating types, applications, and by regions: Size, Share, Trends and Opportunity Analysis, 2018-2028", the market was valued at USD 11,273.4 Million in 2020 and is expected to grow at a healthy growth rate of 5.0% by the year 2028. The coated abrasives market is expected to expand significantly over the forecast period, due to its use in numerous applications such as metalworking, woodworking, aerospace and defense, automotive, electronics & semiconductors, and others. These factors anticipated to propel the coated abrasives market over the forecast period.

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Global Coated Abrasives market has been segmented based on backing materials, types, coating types, and applications. In terms of backing materials, the coated abrasives market is segmented into cloth, paper, fiber, and combination. The cloth segment is further segregated into X weight, J weight, and H weight. The paper segment is further divided into C&D weight, A weight, and E&F weight.

In terms of types, the coated abrasives market is categorized as aluminium oxide, silicon carbide, zirconia aluminium oxide, ceramic aluminium oxide, garnet, emery, and others. Based on coating types, the coated abrasives market is segregated into open and semi-open coat and closed coat. In terms of applications, the coated abrasives market is divided into automotive, metalworking, woodworking, electronics and semiconductors, aerospace and defence, and others. By regions the global Coated Abrasives market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA).

Coated abrasives have high performance capacity, allowing them to be used in metal and alloy modeling processes. Additionally, the improved performance of the industrial sector is propelling the coated abrasives market. These materials provide the appearance of being elegant, sleek, and polished. Metal polishing is a common application of coated abrasives to provide a smooth, shiny surface. These compounds are used to roughen fabrics with matte, satin, or beaded surfaces. The market is supported by the use of these materials in sandpapers, honing stones, grinding wheels, polishes, tumbling and vibratory mass-finishing media, pulp stones, sandblasting, ball mills, and other equipment.

The COVID-19 pandemic has had a serious impact on the society and overall economy of the world. The impact of COVID-19 is growing by the day and affecting the supply chain of the industries. The coronavirus pandemic is creating uncertainty among consumers buying behavior, which has slowdown the supply chain, increased panic among customers, and reduced business confidence. Gradually industries are recovering from severe impact of the pandemic.

As per Growth Market Reports industry analyst Akshata Ahire, “The global coated abrasives market is anticipated to witness significant growth during forecast period 2021-2028. Increasing R&D and technological advancement in the coated abrasives market to develop new and less hazardous abrasives is creating immense opportunities for the key players. One of the primary factors anticipated to create opportunities in the market is the advancement of technology and equipment used in product manufacture. Research and development efforts are carried out to develop new goods and manufacturing methods, minimize product costs, and boost productivity.

Key Takeaways from the Study

  • In terms of value the Asia Pacific held significant market share 48.5% in 2020 and is anticipated to reach 49.9% by the end of 2028.
  • The cloth segment is expected to grow significantly during the forecast period.
  • Growing demand for coated abrasives from the several end-use industries anticipated to boost the market growth during the forecast period.
  • In terms of value the cloth segment held the market share, 46.8% in 2020 and is anticipated to reach 47.8% by the end of 2028.
  • The paper segment is projected to grow at a considerable pace, owing to its several advantages such as flexibility and lightweight, strong grain adhesion, and the ability to be utilized for both wet and dry grinding.
  • In terms of value the Aluminum Oxide segment hold the market share, 23.0% in 2019 and is anticipated to reach 28.8% by the end of 2028.

Report Scope

Report Metric

Details

Market Value in 2020

USD 11,273.4 million

Market Growth Rate (from 2021 to 2028)

5.0%

Historical Data

2018 & 2019

Base Year

2020

Forecast Period

2021 – 2027

Market Segments

Backing Materials, Types, Coating Types, Applications, And Region.

Region Scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA)

Key Companies Profiled

3M, ARC ABRASIVES, INC., Carborundum Universal Limited, CM Abrasives Pvt Ltd, DEWALT, Grind Master, Hermes Schleifmittel GmbH, Mirka Ltd., Robert Bosch Power Tools GmbH, and Saint Gobain

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Demand Side: Cosmetics & personal care, food, beverage, pharmaceutical, chemical, and other industries.
  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies.
  • Associations and Industry Bodies: OSA (The Organization for the Safety of Abrasives), ISO (International Organization for Standardization), European Committee for Standardization (CEN)