The global coated abrasives market was valued at USD 11,273.4 million in 2020 and is projected to reach USD 15,735.0 million by 2028, expanding at a CAGR of 5.0% during the forecast period. 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.
The global coated abrasives market is expected to grow at a significant pace during the forecast period, owing to the rapid growth of the end-use industries. The application range of coated abrasives includes manufacturing, furniture, electronics industry, general engineering, automotive original equipment manufacturers, and flooring. Industrial abrasive users prefer coated abrasives over other abrasives, due to its advantages such as high-productivity surface finish. This is expected to boost the market during the forecast period.
These are used to repair the size of engine parts, bodywork, and in interior and exterior cleaning. These products are used to clean the inside of pipes, for smooth welds, smooth edges, and surfaces, for oiling, assembling, polishing, or painting. Coatings and nonwovens are used to repair automobile bodies, while abrasive wheels are used in automobiles. High demand for coated abrasives in various applications in the automotive industry supports the growth of the market.
Over the next several years, construction is expected to be the most important application of coated abrasives. Construction activity increased as a result of the rapid growth of urbanization and improved standard of living. Market development is aided by economic growth in developing countries, as well as a high level of refurbishment activity. These products are utilized in a variety of applications in the construction industry, including woodworking and fabrication, metal fabrications, and metal components.
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, grinding wheels, polishes, honing stones, tumbling and vibratory mass-finishing media, pulp stones, sandblasting, ball mills, and other equipment.
Strict government rules regarding coated abrasives used in various industries such as automobile, electronics, and aircraft are anticipated to hamper the demand for coated abrasives in the forecast period. Strict regulations by governments on the use of silica abrasives are projected to hinder the market growth in the near future. Increasing attention to environmental protection and prevention of the spread of pollution led the government to take action and impose strict regulations on the use of coated abrasives, which is expected to hamper the growth of the market in the coming years.
Difficulties in the supply of manufacturing equipment are expected to hinder the coated abrasives market growth. Aluminum oxide, cubic boron nitride, silicon carbide, synthetic diamond, and ceramics are popular raw materials. Majority of these raw materials are derived from natural sources such as petroleum. Degradation of these resources resulted in a reduction in raw material supply, limiting market expansion, and leading to fluctuations in the prices of raw materials. These factors are expected to restrict the market expansion in the near future.
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.
Companies are adopting various strategies for development of coated abrasives, which is anticipated to create huge prospects in the market. Market players are expected to upgrade and replace outmoded traditional machinery in order to improve product quality and consistency by increasing automation. Product demand is expected to rise in the coming years, necessitating the development of technology and equipment to boost the output of coated abrasives.
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. 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.
The cloth segment is anticipated to expand at a significant rate during the forecast period, due to factors such as rising demand for flexible coated abrasives in various end-use industries. The fabric consists of a woven fabric made of cotton, polyester, nylon, or other fibers and blends. There are several different weights (grams/meters or pounds/reams) for cloth racks and each manufacturer usually assigns a specific weight letter.
In terms of material types, the coated abrasives market is categorized as aluminium oxide, silicon carbide, zirconia aluminium oxide, ceramic aluminium oxide, garnet, emery, and others. The aluminum oxide segment is projected to expand at a considerable pace during the forecast period. This grain is suitable for grinding high-tensile materials including carbon steel, alloy steels, tough bronze, and hardwoods. Aluminum oxide is widely used in various end industries, due to these properties.
The silicon carbide segment is anticipated to expand at a significant pace during the forecast period. Silicon carbide (SiC) is an extensively used abrasive in several manufacturing industries, due to its durability and inexpensive cost. The zirconia aluminum oxide segment is expected to grow at a significant pace in the coming years. Zirconia aluminum oxide is an alloyed abrasive made up of zirconia placed in an alumina matrix. This tool is ideal for heavy-duty stock removal for almost all types of metals as well as wood.
Based on coating types, the coated abrasives market is segregated into open and semi-open coat and closed coat. The closed coat segment is projected to grow at a considerable pace. Closed coat refers to abrasive grain covering nearly all of the backing on a coated abrasive product. Grit particles are clustered closer together with closed coat products; hence they are aggressive and cut rapidly.
Closed coats produce high quality finishes, as there are no gaps between the grains. Closed coat abrasives completely cover the surface of the backrest. These are used in most products and are suitable for operations that require high material removal rates and high working pressures. The open and semi-open coat segment is projected to grow at a considerable pace. Open and semi-open coat abrasives are often used for softwoods such as cedar, pine, spruce, and fir, and soft metals such as aluminum, brass, and zinc for thick polishing and proper sanding.
In terms of applications, the coated abrasives market is divided into automotive, metalworking, woodworking, electronics and semiconductors, aerospace and defence, and others.The automotive segment is anticipated to grow at a considerable pace, due to increasing automobile production, rising use of coated abrasives, increasing per capita disposable incomes, and increased demand for passenger and commercial cars.
The automotive segment has high potential in the coated abrasives market, particularly in developing countries such as Russia, China, India, and Indonesia, among others. The metal working segment is projected to grow at a significant pace, owing to increasing manufacturing industries across the globe and rising demand for metalworking applications. Developments in the furniture market and rebound in construction activities across the developed market, as well as rapid urbanization in the developing market, supported the woodworking industry, resulting in increased consumption of coated abrasives.
On the basis of regions, the market is categorized as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). The market in Asia Pacific is expected to expand at a significant CAGR during the forecast, due to growing demand from emerging countries such as India and China as well as the expansion of manufacturing, automotive, and machinery industries.
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Additional company profiles can be provided on request.
Yes, the report covers various Coated Abrasives market by End-user such as automotive, metalworking, woodworking, electronics and semiconductors, aerospace and defence, and others
According to this Growth Market Reports, the market from Coated Abrasives market is likely to register a CAGR of 5.0% during period 2021-2028, with an anticipated valuation of USD 15,735.0 million by the end of the 2028.
In addition to market size (in USD Million) and Company Market Share (in % for base year 2020), other data such Volume (tons), Macro-economic factors, Non-woven Abrasive Market:Overview, COVID-19 Impact on the Coated Abrasives market is available in final report.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
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.
The demand for Coated Abrasives from automotive and metal working applications is driving the market growth.
The market is expected to witness growth with slow increase in terms of demand during 2020-2021 owing to the negative impact of COVID-19 pandemic on the Coated Abrasives market.
The base year considered for the Coated Abrasives market report is 2020. The complete analysis period is 2018 to 2028, wherein, 2018 & 2019 are the historic years, and the forecast is provided from 2021 to 2028.
Major Manufactures include 3M, ARC ABRASIVES, INC., Carborundum Universal Limited, CM Abrasives Pvt Ltd, and DEWALT.
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