Coated Abrasives Market Global Growth by Manufacturers, Major Application Analysis & Forecast To 2022

Overview:

Technological progress and growth in industrialization have provided substantial opportunity for the Coated Abrasives Market to ensure expansion. The Global Coated Abrasives Market, by adhering to these tractions, is expecting a growth by 6.3% during the forecast period (2017-2022). Its features make it a perfect choice for areas like metal and alloy molding. At the same time, the growth in the manufacturing sector is providing traction to the Global Coated Abrasives Market.

The Coated Abrasives Market to gain much from the semiconductor manufacturing industry. The sector is gaining much from the boom taking place in countries such as China, Japan, and Taiwan. These countries are making a name as robust suppliers of semiconductors owing to which the Coated Abrasives Market in the region can gain substantial boost.

In April 2019, BrandSafway, a company known for its ventures in the industry, launched Quik-X. The new model is a refractory anchoring system and is designed to perform well in FCCUs (Fluid Catalytic Cracking Units) cyclones and air grids. The machine has less metal volume, almost 6.29% per square foot which makes it easier for Coated Abrasives to work.

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Competitive Landscape:

Sia Abrasives Industries AG

Robert Bosch GmbH

DEERFOS Co., Ltd.

Saint-Gobain Abrasives, Inc.

DowDuPont, Inc.

Napolean Abrasives S.P.A VSM Abrasives Corporation

Tyrolit Group

Fujimi Incorporated

Schaffner Manufacturing Company, Inc.

Asahi Diamond Industrial Co., Ltd

Carborundum Universal Limited

Cabot Microelectronics Corporation

Jason Incorporated

Sungold Abrasives

Fandeli International Corporation

Hermes Schleifmittel GmbH

3M.

Segmental Analysis:

MRFR’s market study of the Coated Abrasives Market is segmented by Application and Type. This puts significant factors under the lens for a better analysis of scopes that would lead to market optimization.

Based on the Type, the Global Coated Abrasives Market can be segmented into ceramic aluminum oxide, silicon carbide, aluminum oxide, garnet, zirconia aluminum oxide, and emery. Value-wise, the aluminum oxide segment ruled the market in 2015 and is estimated to surpass USD 3,900 million during the forecast period with a possible CAGR of 6.73%.

Application-Wise, the Coated Abrasives Market can be segmented into woodworking, automotive, metalworking, electronics & semiconductors, aerospace & defense, and others. The metalworking segment is expected to score well in the coming years because of its application feasibilities.

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Regional Analysis:

MRFR, Based on Regions, analyzed the Global Coated Abrasives Market by including Latin America, Asia Pacific (APAC), Europe, North America, and the Middle East & Africa (MEA).

The burgeoning automotive industry is providing traction to the APAC automotive industry and it is one of the major factors to substantiate the region’s claim of being the market leader. The growth in the automotive industry is not expected to slacken in the foreseeable future as global titans are getting lured in by investment opportunities provided by the region. The regional market is expected to bask in such profits throughout the review period. In 2016, the APAC region had dominance over one-third of the market which is expected to expand with 6.90% CAGR during the forecast period. Among other factors, rapid industrialization and urbanization have given way to a substantial number of producers, with exports on the rise and labor costs staying economical.

Europe is following the lead with nations such as Germany, France and the U.K. who could trigger the production rate to take the market further ahead. Due to the presence of automotive giants in the region, Europe can perform well during the forecast period. The MEA market can benefit much from economic stability and growing construction work. In the Middle East, a lot of leading companies have cemented their presence due to which the boost in profits would be substantial in the coming years.

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Coated Abrasives Market 2018 | Global Size, Segments, Growth and Trends by Forecast to 2022

Market Scenario:
Abrasive can be defined as substance used for giving shape to any hard material by rubbing the material against the abrasives. Abrasives are divided into three main categories, bonded abrasives, coated abrasives, and super abrasives. Coated Abrasives are abrasives, which consist of an abrasive grain fixed into a backing material or substrate generally made of paper, cloth, vulcanized rubber, and polyester film. The most commonly used coated abrasives grains are aluminium oxide, silicon carbide, zirconia alumina, ceramic alumina, garnet, and emery. Coated Abrasives are available in different product forms such as belts, rolls, discs and wheels.

The Global Coated Abrasives Market accounts for more than one-third share of the multibillion abrasives industry, with application across an array of industries such as, metal works, wood works, and automotive among others. Some of the significant factors identified in the market fuelling growth includes, significant spending on abrasives in the metalworking industry, rebound in the automotive sales, thus, augmented demand for Coated Abrasives among automotive OEMs for applications such as, cutting, grinding and polishing. Growth in furniture industry coupled with regained stability of housing market in developed markets and increasing construction activities in developing market to augment demand for Coated Abrasives globally. The Global Coated Abrasives Market is foreseen to grow substantially during the forecast period. According to MRFR analysis, the Global Coated Abrasives Market was valued at USD 10,233.3 million in 2016 and is expected to be valued at USD 14,671.2 million by the end of 2022, expanding at a CAGR of 6.3%.

Market Segmentation:
Global Coated Abrasives Market is segmented on the basis of types and applications. On the basis of types, the market is segmented into –– Aluminium Oxide, Silicon Carbide, Zirconia Alumina, Ceramic Alumina, Emery, and Garnet of which aluminium oxide and silicon carbide accounts for significant market shares in the Global Coated Abrasives Market. On the basis of applications, the market is segmented into –– Metalworking, Woodworking, Automotive, Electronics & Semiconductors, Aerospace & Defense, and others. Metalworking segment accounts for the largest market share among all the applications.

Regional Analysis of Global Coated Abrasives Market:
Based on Geographies, the Global Coated Abrasives Market is divided into five regions viz., North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Among the regions, Asia-Pacific is the dominating market for coated abrasives, owing to the increasing concentration of coated abrasive end-user industry in the region along with expansion of coated abrasive manufactures in the Asia-Pacific region. Asia-Pacific market is followed by Europe and North America. However, in the coming years Middle-East & Africa market will open lucrative opportunities for Coated Abrasives.

The report for Global Coated Abrasives market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.

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Coated Abrasives Market is projected to exhibit a healthy CAGR of 6.3% during the forecast period 2016-2022

Market Scenario:
Abrasive can be defined as substance used for giving shape to any hard material by rubbing the material against the abrasives. Abrasives are divided into three main categories, bonded abrasives, coated abrasives, and super abrasives. Coated Abrasives are abrasives, which consist of an abrasive grain fixed into a backing material or substrate generally made of paper, cloth, vulcanized rubber, and polyester film. The most commonly used coated abrasives grains are aluminium oxide, silicon carbide, zirconia alumina, ceramic alumina, garnet, and emery. Coated Abrasives are available in different product forms such as belts, rolls, discs and wheels.

The Global Coated Abrasives Market accounts for more than one-third share of the multibillion abrasives industry, with application across an array of industries such as, metal works, wood works, and automotive among others. Some of the significant factors identified in the market fuelling growth includes, significant spending on abrasives in the metalworking industry, rebound in the automotive sales, thus, augmented demand for coated abrasives among automotive OEMs for applications such as, cutting, grinding and polishing. Growth in furniture industry coupled with regained stability of housing market in developed markets and increasing construction activities in developing market to augment demand for coated abrasives globally. The Global Coated Abrasives Market is foreseen to grow substantially during the forecast period. According to MRFR analysis, the Global Coated Abrasives Market was valued at USD 10,233.3 million in 2016 and is expected to be valued at USD 14,671.2 million by the end of 2022, expanding at a CAGR of 6.3%.

Market Highlights:
Coated Abrasives are abrasives, which consist of an abrasive grain fixed into a backing material or substrate generally made of paper, cloth, vulcanized rubber, and polyester film. The most commonly used coated abrasives grains are aluminium oxide, silicon carbide, zirconia alumina, ceramic alumina, garnet, and emery. Coated Abrasives are available in different product forms such as belts, rolls, discs and wheels. Some of the prominent growth factors identified for Coated Abrasive Market includes, augmented demand from metalworking industry for versatile applications coupled with significant spending on abrasives in the metalworking industry, surge in automotive production, and demand for innovative abrasive products in electronics & semiconductor.

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Segment Analysis:
Global Coated Abrasives Market is segmented on the basis of types and applications. On the basis of types, the market is segmented into –– Aluminium Oxide, Silicon Carbide, Zirconia Alumina, Ceramic Alumina, Emery, and Garnet of which aluminium oxide and silicon carbide accounts for significant market shares in the Global Coated Abrasives Market. On the basis of applications, the market is segmented into –– Metalworking, Woodworking, Automotive, Electronics & Semiconductors, Aerospace & Defense, and others. Metalworking segment accounts for the largest market share among all the applications.

Traditionally, natural abrasive grains such as emery and garnet were used, however, with rapid industrial growth the demand for superior quality abrasives also increased, thus, synthetic abrasive grains such as aluminium oxide, silicon carbide, and zirconia alumina among other synthetic abrasive grains came into existence. Synthetic coated abrasives have numerous advantages over the traditionally used Coated Abrasives such as, durability, strength and productivity among others. Thus, owing to the advantages of synthetic Coated Abrasives and the increasing demand for innovative products from the end-use industries. As per analysis, aluminium oxide and silicon carbide accounts for more than half of the value share in the Global Coated Abrasives Market. Collectively, these segments account for nearly 70% of the value share in the total revenue generated by Coated Abrasives Market.

Based on the applications segment, the metalworking and woodworking segment is estimated to be the dominating segments throughout the forecast period, owing to the significant spending on abrasives in the metalworking industry coupled with its increasing consumption in versatile metalworking applications. On the plus side the furniture market growth and rebound in construction activities across the developed market and rapid urbanization in the developing market has been bolstering factor for woodworking industry, which in turn is increasing the consumption of coated abrasives in the woodworking industry. Apart from the above mentioned applications, consumption of Coated Abrasives in the automotive and electronic & semiconductor industries will witness healthy growth with an increasing production of automotive coupled with increasing demand for innovative abrasive products in the electronic & semiconductor industry.

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