Market Overview:
The Coated Abrasives are abrasive products made with synthetic or natural abrasives grains glued to flexible surfaces such as paper, plastic films, cloth and vulcanized fiber. as per the report that has been published by Market Research future (MRFR), the Global Coated Abrasive Market is registered to expand at a noteworthy CAGR of 6.3% during the forecast period of 2017-2022 and to reach the valuation of USD 14.67 Bn by the end of 2022 form USD 10.23 Bn in 2016.
Industry Updates:
In June 2018, Walter Surface Technologies, a specialist in surface treatment technologies, has introduced SURFOX 305. It is a patented electrochemical MIG and TIG weld cleaning system that uses coated abrasives for faster, safer and more user-friendly functioning.
Market Drivers and Restraints:
The increasing application of Coated Abrasive as surface treatment material for various purposes such as auto ancillaries, fabrication, furniture, general engineering, auto OEM, flooring and others is one of the major factors propelling the growth of the global coated abrasive market. High demand for coated abrasive in various industrial sectors such as automotive, foundry, jewelry, welding and other industries as it provides surface finishing with improved productivity is fueling the expansion of the Global Coated Abrasive Market.
The abrasive grains in the Coated Abrasives are made from synthetic or natural products such as aluminum oxide, silicon carbide, zirconia alumina, emery, garnet and others. Hence fluctuation in the prices of these raw materials is likely to act as a restraint on the growth of the Global Coated Abrasive Market during the forecast period.
Market Segmentation:
The Global Coated Abrasives Market has been segmented on the basis of Type, Application and Backing Material.
Based on Type, the Coated Abrasive Market is segmented into aluminum oxide, silicon carbide, zirconia aluminum oxide, ceramic aluminum oxide, garnet, emery, and others. Among these, the aluminum oxide segment accounts for a significant share in the Global Coated Abrasives Market owing to the high durability and tough cutting edge of aluminum oxide.
Based on Backing Material, the market is segmented into cloth, paper and fiber. The cloth segment in sub-segmented into 'J' weight, 'X' weight and 'H' weight. The paper segment is sub-segmented into 'A' weight, 'C' and 'D' weights, and 'E' and 'F' weight.
Based on Application, the Coated Abrasive Market is segmented into metalworking, woodworking, automotive, electronics & semiconductors, aerospace & defense, and others. The metalworking segment accounts for the largest market share in the Global Coated Abrasive Market owing to the diverse application of Coated Abrasives in this segment.
Regional Analysis:
Geographically, the Global Coated Abrasive Market has been segmented into five major regions such as North America, Europe, Asia Pacific, Middle East and Africa and Latin America. Among these, The Asia Pacific region accounts for the major share in the Global Coated Abrasives Market owing to the rapid industrialization and large pool of manufacturing industries in the emerging economies of this region.
The increasing application of Coated Abrasives in automotive manufacturing is driving the coated abrasive market in the Europe region. Whereas, the Coated Abrasive Market in the Middle East and Africa region is anticipated to project the fastest growth in the Global Coated Abrasive Market owing to the growing economic stability and increasing utilization of coated abrasives in various end-use industries in this region.
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