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Coated Abrasives Market by Application, Grain Type, Backing Material, and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR41355
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The coated abrasives market share is expected to increase by USD 2.81 billion from 2019 to 2024, and the market’s growth momentum will accelerate at a CAGR of 4.23%.

This coated abrasives market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers coated abrasives market segmentations by grain type (Aluminum oxide, Ceramic, Silicon carbide, Alumina zirconia, and Others), backing material (Fiber, Paper, Cloth, Polyester, and Others), Application (transportation, machinery, metal fabrication, consumer goods, and others), and geography (APAC, Europe, North America, and South America). The coated abrasives market report also offers information on several market vendors, including 3M Co., Carborundum Universal Ltd., Compagnie de Saint-Gobain SA, Hermes Schleifmittel GmbH, Jason Industries Inc., KWH Group Ltd., Robert Bosch GmbH, Swajit Abrasives Pvt. Ltd., VSM · Vereinigte Schmirgel- und Maschinen-Fabriken AG, and WEEM Abrasives among others.

What will the Coated Abrasives Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Coated Abrasives Market Size for the Forecast Period and Other Important Statistics

 

Coated Abrasives Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing demand for psa-backed coated abrasives is notably driving the coated abrasives market growth, although factors such as improper or inadequate storage causing technical issues may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the coated abrasives industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Coated Abrasives Market Driver

The growing demand for psa-backed coated abrasives is notably driving the coated abrasives market growth. Pressure-sensitive adhesives (PSA) are gaining popularity because they offer greater ease in the mounting of sanding discs, rolls, and sheets. However, cloth and paper are still widely used as backing materials in coated abrasives. Many vendors, such as Saint-Gobain and CUMI, offer coated abrasives with PSA-backing. Key applications of these products include blending welds and defects in auto body shops, the removal of paint and primer in the auto refinish shops and orbital sanding for the finishing of flat stock wood components. Mountings on disc sanders, orbital sanders, and rotary sanders can be conveniently carried out using PSA-backed coated abrasives. These types of coated abrasives ensure protection from dust and moisture, along with providing longer disc life. The resultant characteristic of the evenly applied adhesive coating guarantees consistent grinding, sanding, and polishing action on any surface, flat or contoured.

Key Coated Abrasives Market Trend

The emergence of China as a major consumer and producer is the key trend driving the coated abrasives market growth. In 2019, China was the leading producer and consumer of coated abrasives, accounting for more than 20% of the global coated abrasives market. The consumption of coated abrasives has surged in recent times because of the ongoing economic and industrial development in the country. High per capita income and demand for consumer goods have increased the need for coated abrasives in the electronics industry in China. In addition, other contributing factors such as the rapid growth of the automobile industry in China and population growth coupled with urbanization will further augment coated abrasives market growth during the forecast period.

Key Coated Abrasives Market Challenge

The major challenge impeding the coated abrasives market growth is the improper or inadequate storage causing technical issues. Storage is a critical aspect for coated abrasives to retain their efficacy for a longer period. Technical challenges, such as a weakened bond, curling, brittleness, and breakages, can occur without proper material handling. Coated abrasives can lose their properties with changes in temperature and humidity. Relative humidity (RH) can cause backings and adhesives to gain or lose moisture. This results either in adhesive bond softening or excessive dryness, which in turn reduces flexibility and distorts the product. Coated abrasives should also be kept away from heat sources such as steam-heated radiators, steam pipes, hot air inlets, heat ducts, or rooms near furnaces or ovens. Improper storage facilities will lead to product defects, causing monetary losses. Efficient and equipped stockrooms are a must for the safe storage of coated abrasives.

This coated abrasives market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Parent Market Analysis

Technavio categorizes the global coated abrasives market as a part of the global diversified metals and mining market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the coated abrasives market during the forecast period.

Who are the Major Coated Abrasives Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 3M Co.
  • Carborundum Universal Ltd.
  • Compagnie de Saint-Gobain SA
  • Hermes Schleifmittel GmbH
  • Jason Industries Inc.
  • KWH Group Ltd.
  • Robert Bosch GmbH
  • Swajit Abrasives Pvt. Ltd.
  • VSM · Vereinigte Schmirgel- und Maschinen-Fabriken AG
  • WEEM Abrasives

 

This statistical study of the coated abrasives market encompasses successful business strategies deployed by the key vendors. The coated abrasives market is fragmented and the vendors are deploying growth strategies such as focusing on M&A to compete in the market.

Product Insights and News

  • 3M Co.- The company offers coated abrasive discs and belts in different diameters and form types for polishing and grinidng applications.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The coated abrasives market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Coated Abrasives Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the coated abrasives market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Coated Abrasives Market?

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74% of the market’s growth will originate from APAC during the forecast period. China, Japan and India are the key markets for coated abrasives market in APAC. Market growth in this region will be faster than the growth of the European and North American markets.

Increase in the demand from the metal fabrication, transportation, and machinery industries will facilitate the coated abrasives market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The coated abrasives market in North America witnessed a setback due to the outbreak of COVID-19 in 2020. Industries such as heavy machinery, transportation and metal fabrication, which support the growth of the coated abrasives market, were severely impacted due to the lockdowns imposed by the governments in North American countries. Given the adequate availability of vaccines in the market and the growing numbers of people vaccinated against the disease, various industries incorporated technological solutions to counter the impact of COVID-19. Increased industrial activities spurred the demand for coated abrasives, and thus, it is expected that the market for coated abrasives will grow in the region during the forecast period.

What are the Revenue-generating Grain Type Segments in the Coated Abrasives Market?

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The coated abrasives market share growth by the aluminum oxide segment will be significant during the forecast period. Aluminum oxide-based coated abrasives are widely preferred in different industries due to their properties of high toughness and prolonged durability. Vendors in the global coated abrasives market are introducing aluminum oxide-based coated abrasives. This move is expected to increase the consumption rate rapidly during the forecast period. These products also have a wide range of applications in the metal fabrication and woodworking industries.

This report provides an accurate prediction of the contribution of all the segments to the growth of the coated abrasives market size and actionable market insights on post COVID-19 impact on each segment.

 

Coated Abrasives Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 4.23%

Market growth 2020-2024

$ 2.81 billion

Market structure

Fragmented

YoY growth (%)

3.52

Regional analysis

APAC, Europe, North America, South America, APAC, Europe, North America, South America, APAC, Europe, North America, and South America

Performing market contribution

APAC at 74%

Key consumer countries

China, US, Japan, Brazil, India, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

3M Co., Carborundum Universal Ltd., Compagnie de Saint-Gobain SA, Hermes Schleifmittel GmbH, Jason Industries Inc., KWH Group Ltd., Robert Bosch GmbH, Swajit Abrasives Pvt. Ltd., VSM · Vereinigte Schmirgel- und Maschinen-Fabriken AG, and WEEM Abrasives

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Coated Abrasives Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive coated abrasives market growth during the next five years
  • Precise estimation of the coated abrasives market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the coated abrasives industry across APAC, Europe, North America, South America, APAC, Europe, North America, South America, APAC, Europe, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of coated abrasives market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces analysis 2020 & 2025
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Transportation - Market size and forecast 2020-2025
    • Machinery - Market size and forecast 2020-2025
    • Metal fabrication - Market size and forecast 2020-2025
    • Consumer goods - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Application

    Market Segmentation by Grain type

    • Market segments
    • Comparison by Grain type
    • Aluminum oxide - Market size and forecast 2020-2025
    • Ceramic - Market size and forecast 2020-2025
    • Silicon carbide - Market size and forecast 2020-2025
    • Alumina zirconia - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Grain type

    Market Segmentation by Backing material

    • Market segments
    • Comparison by Backing material
    • Fiber - Market size and forecast 2020-2025
    • Paper - Market size and forecast 2020-2025
    • Cloth - Market size and forecast 2020-2025
    • Polyester - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Backing material

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Vendor landscape
    • Landscape disruption
    • Industry risks

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • 3M Co.
    • Carborundum Universal Ltd.
    • Compagnie de Saint-Gobain SA
    • Hermes Schleifmittel GmbH
    • Jason Industries Inc.
    • KWH Group Ltd.
    • Robert Bosch GmbH
    • Swajit Abrasives Pvt. Ltd.
    • VSM A· Vereinigte Schmirgel- und Maschinen-Fabriken AG
    • WEEM Abrasives

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
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    The coated abrasives market market growth will increase by $$ 2.81 bn during 2021-2024.
    The coated abrasives market market is expected to grow at a CAGR of 4.23% during 2021-2024.
    Technavio has segmented the coated abrasives market market by other 1 (Aluminum oxide, Ceramic, Silicon carbide, Alumina zirconia, and Others) ,other 2 (Fiber, Paper, Cloth, Polyester, and Others) , and geography (APAC, Europe, North America, South America, and APAC).
    3M Co., Carborundum Universal Ltd., Compagnie de Saint-Gobain SA, Hermes Schleifmittel GmbH, Jason Industries Inc., KWH Group Ltd., Robert Bosch GmbH, Swajit Abrasives Pvt. Ltd., VSM · Vereinigte Schmirgel- und Maschinen-Fabriken AG, WEEM Abrasives are a few of the key vendors in the coated abrasives market market.
    APAC will register the highest growth rate of 74% among the other regions. Therefore, the coated abrasives market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    • China
    • US
    • Japan
    • Brazil
    • India
    • Germany
    The key factors driving the coated abrasives market market growth are:
    • Growing demand for PSA-backed coated abrasives
    • Emergence of China as a major consumer and producer
    The coated abrasives market market vendors should focus on grabbing business opportunities from the aluminum oxide segment as it accounted for the largest market share in the base year.
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