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The Global Coated Abrasives Market is forecast to increase by USD 4.04 billion at a CAGR of 5.29% between 2023 and 2028. The market's expansion relies on several key factors. Firstly, there is a noticeable uptick in demand for Pressure Sensitive Adhesive (PSA)-backed coated variants, driven by their versatility and ease of application across various industries. Secondly, the electronics and transportation sectors are experiencing heightened demands, further fueling the need for coated products that offer reliability and performance. Lastly, there is a robust and consistent demand for semi-friable aluminum oxide-based products due to their unique properties and suitability for diverse applications. These factors collectively contribute to the market's growth trajectory, showcasing the importance of innovation and adaptability in meeting evolving industry needs and consumer preferences.
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The market share growth of the aluminum oxide segment will be significant during the forecast period. Aluminum oxide is a synthetic grain that is manufactured from bauxite by using the fusing process. Aluminum oxide-based is widely preferred in different industries due to its properties of high toughness and prolonged durability. Grits of fused aluminum oxide are predominantly used for applications such as grinding, machine blasting, cutting operations, and the production of refractory materials. Therefore, the strong demand from various industries will drive market growth.
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The aluminum oxide segment was valued at USD 3.62 billion in 2018 and continued to grow until 2022. companies in the 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. Such factors are expected to drive the growth of the aluminum oxide segment of the market during the forecast period.
The market encompasses a wide range of industries, including pre-engineered buildings, agricultural, and metal fabrication. In the building sector, they are utilized for surface preparation during construction projects and furniture production. The agricultural industry relies on it for various applications, such as metal fabrication for farming equipment. The automobile repair industry also utilizes coated abrasives extensively for customization and personalization of EVs. They find significant use in the industrial sector for manufacturing electronic component units, such as fiber, adhesives, discs, endless belts, and sheet forms. Zirconia alumina is a popular type of abrasive sheet used in the industry. They are essential for the charging outlet manufacturing process in the electric car industry. Overall, the consumption of coated abrasives is vital in numerous industries, contributing to their growth and development. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, market trends and analysis, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing demand for PSA-backed is notably driving the 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 companies, such as Saint-Gobain and CUMI, offer with PSA-backing. Key applications of these products include blending welds and defects in auto body shops, the removal of paint and primer in 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 these abrasives. These types of 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. Such factors are expected to drive the growth of the market during the forecast period.
The rising applications of cutting tools is the key trend driving the market growth. Cutting tools are made from hard materials to enhance their performance and efficiency while retaining their original shape and sharp edges. For the same reason, grinding wheels were in great demand from the cutting tool industry.
However, characteristics such as the superior finishing of and their low cost have led to an increase in demand from end-users in the cutting tool industry. Innovations in coated abrasive products for such applications and the development of advanced machinery that supports the use of in cutting tool applications are expected to drive the demand during the forecast period.
The major challenge impeding market growth is improper or inadequate storage causing technical issues. Storage is a critical aspect for 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. 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.
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 such abrasives. Hence, such factors are hindering the market growth during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Growth Analysis Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Hermes Schleifmittel GmbH - The company offers coated abrasives for grinding processes for various applications such as automotive, bearing industry, aerospace, gear technology, and products such as coated and bonded Super abrasives.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
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APAC is estimated to contribute 66% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
APAC led the global market owing to the growing economic development in the Association of Southeast Asian Nations (ASEAN) countries and an increase in the per capita income of people in the region. These factors have contributed to a rise in the manufacturing activities in the region and the purchasing power of people. China, Japan, Australia, and India are the major revenue contributors in APAC. Machines, engines, and pumps recorded a market share between 15% and 17%. Machinery, general engineering, and fabrication primarily rely on for many surface finishing applications. China, being one of the major revenue generators in the market in APAC, holds a prominent position among the leading countries, including Japan, Australia, and India in APAC. Hence, such factors are driving the market in APAC during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
The manufacturing sector is witnessing significant changes with the rise of pre-engineered buildings and components. Technological advancements have revolutionized production, allowing for the creation of innovative and sustainable solutions. Skilled labor plays a crucial role in this transformation, ensuring quality and efficiency in manufacturing processes. The market landscape depends on industrial mortar, exterior wall products, performance polymers, glass textiles, mineral ceramics, health industry, defence industry, energy industry, security industry, metal fabricators, Leather products, Wood products, Endless belt, Abrasive sheets, Building projects, Custom made leather products, Personalized woodwork, Esthetics, Surface textures, Precision detailing, Visually appealing Tariffs on imported materials have led to a shift towards domestic production, encouraging companies like VinFast Auto to invest in integrated EV manufacturing facility. As the demand for electric vehicles (EVs) grows and EV production so does the need for charging stations and associated infrastructure.
The market encompasses the production and distribution of abrasive materials with a protective coating. These products are essential in various industries, including construction, automotive, and manufacturing. Coated abrasives come in different types, such as aluminum oxide, silicon carbide, and zirconia alumina. The demand is driven by their superior performance and durability compared to uncoated abrasives. They offer better cutting efficiency, longer service life, and reduced wear and tear. Additionally, the growing adoption of automation and advanced manufacturing processes in industries is fueling market growth. The market is segmented based on type, application, and region. The type segment includes aluminum oxide, silicon carbide, and zirconia alumina. The application segment includes construction, automotive, and manufacturing. The regional segment includes Asia Pacific, Europe, North America, and the Middle East and Africa. The market is expected to grow significantly due to the increasing demand from end-use industries and the ongoing technological advancements in production processes. The market is competitive, with key players focusing on product innovation, expansion, and strategic collaborations to gain a competitive edge.
In the manufacturing sector, the use of super and high-performance abrasives enhances longevity and sustainability while reducing environmental impact and environment-friendly abrasives. Smart abrasive technologies are meeting customer demands for operational efficiencies while addressing health and safety concerns. The market landscape depends on Coated Abrasives industry, pre-engineered building, metal fabrication industry, electric cars (EVs), charging outlets, consumption of abrasives, mobile phone pre engineered building, mobile phones, pressure sensitive adhesives (PSA). Alternative technologies like waterjet cutting and laser cutting are gaining traction in material processing industries, offering eco-friendly alternatives to traditional methods. By embracing these innovations, manufacturers can optimize their product portfolios and achieve economies of scale while minimizing carbon emissions and adopting responsible disposal practices.
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Market Scope |
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Report Coverage |
Details |
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Page number |
201 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.29% |
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Market growth 2024-2028 |
USD 4.04 billion |
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Market structure |
USD Fragmented |
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YoY growth 2023-2024(%) |
4.93 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 66% |
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Key countries |
China, Japan, US, India, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
3M Co., Ammega Group BV, Arc Abrasives Inc., BARTON International, Compagnie de Saint Gobain, DEERFOS Co. Ltd., Fandeli International Corp., Gemtex Abrasives, Hermes Schleifmittel GmbH, Jiangsu Sanling Abrasive Co. Ltd., Johnson Abrasives Co. Inc., KLINGSPOR AG, Mirka Ltd., Murugappa Group, Napoleon Abrasives S.p.a., Robert Bosch GmbH, SAK ABRASIVES Ltd., Swajit Abrasives Pvt. Ltd., VSM AG, and WEEM Abrasives |
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Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Grain Type
7 Market Segmentation by Backing Material
8 Market Segmentation by Application
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Opportunity/Restraints
12 Competitive Landscape
13 Competitive Analysis
14 Appendix
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