We use cookies for a better user experience. Read our Privacy Policy

I Agree

Coated Abrasives Market

Coated Abrasives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2020 - 2030

Coated Abrasives Market: Snapshot

The coated abrasives market may harness considerable growth during the forecast period of 2020-2030 prominently due to their use in various applications in metalworking, woodworking, aerospace and defense, automotive, electronics and semiconductors, and others. These aspects may bring extensive growth for the coated abrasives market across the forecast period of 2020-2030.

Coated abrasives are used widely in semiconductor manufacturing. The growing influence of semiconductor production may bring efficient growth for the coated abrasives market through the forecast period of 2020-2030.

This coated abrasives market report has detailed information on diverse factors associated with bringing growth. Prominent factors such as emerging trends, mergers and acquisitions, and the geographical prospects of the coated abrasives market are included in the report. The stakeholders can benefit greatly from this report. This report also includes information on the COVID-19 impact on the coated abrasives market.

Coated Abrasives Market: Competitive Aspects

The coated abrasives market is highly fragmented with a plethora of players vying for a dominant position. Manufacturers in the coated abrasives market are trying to modernize the production process by inculcating automation across all processes. Research and development activities also form an important part in terms of exploring novel opportunities and insights.

Frequent mergers and acquisitions activities help the players to expand their influence. Some well-established players in the coated abrasives market are Robert Bosch GmbH, 3M, DuPont, Almatis GmbH, Jason Inc., and Saint-Gobain Abrasives.

Coated Abrasives Market: Regional Prospects

The coated abrasives market may gain good growth from Asia Pacific through the assessment period. The growing demand for coated abrasives in developing countries such as India and China may bring expansive growth opportunities for the coated abrasives market. Low demand for coated abrasives in North America and Europe may lead the regions to observe moderate growth through the forecast period.

The market for coated abrasives will expand as a result of factors including the rising demand for coated abrasives with PSA backing. Pressure-sensitive adhesives are becoming more and more common because they make attaching sanding discs, sheets, and rolls simple. In coated abrasives, cloth and paper are frequently utilized as backing materials. CUMI and Saint-Gobain are two suppliers of coated abrasives with PSA backing. Coated abrasives are mostly used in the vehicle body industry to blend flaws and welds, in auto refinishing facilities to remove paint and primer, and in flat stock wood component finishing operations using orbital sanding. Coated abrasives with PSA backing offer moisture and dust protection as well as prolonged disc life.

Backing material for coated abrasives consists of woven cloth, vulcanized fiber, paper, a cloth/paper mix, or polyester film. It can be utilized for many different things, including flooring, vehicle ancillaries, fabrication, furniture, general engineering, and auto OEM. Burgeoning demand for coated abrasives in the foundry, welding, automotive, and jewelry businesses. The demand for coated abrasives is also expected to rise due to steadily increasing demand in developing nations like India and China. Besides, expanding fabrication, machinery, and automotive businesses are likely to drive demand.

High performance capabilities of coated abrasives enable their usage in metal and alloy modelling processes, and the improved performance of the industrial sector is fueling the market's expansion. The demand for coated abrasives is likely to be constrained by changes in the cost of raw materials.

The expansion of the coated abrasives market, however, can be constrained by changes in raw material costs. In addition, it is projected that the product would see tremendous demand in the near future due to advancements in the technology and equipment used in its production.

In the upcoming years, Asia Pacific is expected to contribute significantly to the growth of the coated abrasives market. The global coated abrasives market is expected to have significant development potential due to rising usage of coated abrasives in emerging countries like India and China. In the upcoming years, North America and Europe is expected to have sluggish growth owing to low consumption of coated abrasives in those regions.

Leading players in the coated abrasives market are working to automate every step of the production process in an effort to modernize it. Exploring new possibilities and insights involves research and development initiatives, which are equally crucial.


Copyright © Transparency Market Research, Inc. All Rights reserved