Coated Abrasives Market Size Estimation, Current Industry Status, Growth Opportunities, Top Key Players, Target Audience and Forecast to 2022
Coated Abrasives go back to the 13th century. Humans have been using abrasives to fashion everything from the spears to early sculptures from tusk and bone. Made of minerals and contained within a matrix, Coated Abrasives are fixed on to a backing material like metal, paper, rubber, resin, cloth or polyester – for example, Sandpaper. Now, Coated Abrasives run the gamut from modern sandpapers to the diamond-studded cutting wheels found on tile saws and concrete cutting tools, finding numerous applications such as buffing, honing, drilling, and polishing, etc.
Coated Abrasives are used in diverse end-use industries, ranging from construction to medical. And, their key end-use sectors include metalworking, aerospace & defense, woodworking, automotive and electronics & semiconductor. The augmented demand due to the wide uptake and applications is the major factor driving the market growth of Coated Abrasives.
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According to a recently published study report by Market Research Future (MRFR), the Global Coated Abrasives Market is forecasted to garner exponential accruals by 2022 registering a CAGR of 6.3% during the forecast period (2017-2022). The recent performance improvement in the manufacturing sector, globally, is ushering the market growth.
Some of the prominent uses of Coated Abrasives include – in hypodermic needles used in medical, dental & veterinary, in automotive transmissions, elevators, helicopter transmissions as a sprag bar for sprag clutches, in precious tubes in solar panels, soldering irons, etc., in spark plug electrodes, in wafering of various materials, in tubing for extendable telescopic aerials, in thin-walled tubes in aircraft, helicopters and others.
Regular maintenances of the workshops further boost the overall demand in the Coated Abrasives Market. The increasing use of the Coated Abrasives for polishing and de-scaling has increased the overall growth of the market. The Coated Abrasives are also widely used in the dentistry to sharpen and smoothening of the edges of the dental tools so as to make them particularly convenient for the doctors to use on to patients.
The Coated Abrasives Industry remains positive with the minimum deviation during the projected period. The spurting growth in the semiconductor manufacturing is fostering the market growth to an extent. The proliferation of IoT is providing extensive impetus to the market growth, fostering the semiconductor industry, and the industry of most electronic devices consisting of semiconductors.
On the other hand, super abrasives owing to their superior performance capabilities such as exceptional durability and reduced manufacturing downtime, are rapidly substituting for coated abrasives, witnessing increasing uptake. The edge that super abrasives have over Coated Abrasives is expected to obstruct the market growth. Also, the expense associated with the storage and freight of raw materials along with the implementation of stringent environmental laws is hampering the market growth of Coated Abrasives.
Global Coated Abrasives Market – Competitive Analysis
Coated Abrasives Market is glorified by a sizeable number of large and small players having a geographical presence and the lion’s share in the market. Those players are competing on price, quality, and innovations. Market players strive to minimize the cost of their product. Well established players incorporate acquisition, collaboration, partnership, expansion, product & technology launch in order to gain the competitive advantage in this market and to maintain their market position.
Abrasives manufacturers try to offer powerful, precise, user-friendly solutions to enable customers to cut, shape and finish all materials in the most complex and challenging applications. By working closely with end-users and grinding expert partners, manufacturers design and provide customized solutions to secure the best option for performance, cost, and safety.
Key Players:
Profile in MRFR Analysis some of the key players of the Global Coated Abrasives Market are Carborundum Universal Limited, Saint-Gobain Abrasives, Inc., 3M Manufacturing company (3M), Robert Bosch GmbH, SiA Abrasives Industries AG, Fujimi Incorporated, Asahi Diamond Industrial Co., Ltd, TYROLIT group, Cabot Microelectronics Corporation, Schaffner Manufacturing Company, Inc., Jason Incorporated, DEERFOS Co., Ltd., VSM Abrasives Corporation, DowDuPont, Inc., Napoleon Abrasives S.p.A, Sungold Abrasives, Fandeli International Corporation, and Hermes Schleifmittel GmbH.
Industry/ Innovation/ Related News:
April 19, 2017 – LORD Corporation (RSG US), a diversified technology and manufacturing company developing highly reliable adhesives, announced its collaboration with Saint-Gobain Abrasives, Inc. (US) to get the exclusive supply of the full line of Fusor brand automotive repair adhesives from LORD Fusor for the automotive aftermarket. The Fusor product line is the newest addition to Refinish Solutions Group (RSG) known for its innovative OEM approved products and expertise in providing collision repair adhesive solutions.
Coated Abrasives Global Market – Segmentation
For the convenience of understanding, MRFR has segmented the report into four key dynamics.
By Types: Comprise Aluminum Oxide, Silicon Carbide, Zirconia Aluminum oxide, Ceramic Aluminum oxide, Garnet, and Emery among others.
By Backing Materials: Cloth (“J” Weight, “X” Weight and “H” Weight), Paper (“A” Weight, “C” and “D” Weights, and “F” Weight), Fiber and Combination among others.
By Applications: Metal Working, Wood Working, Automotive, Electronics & Semiconductors, Aerospace & Defense among others.
By Regions: North America, Europe, APAC and Rest-of-the-World (RoW).
Coated Abrasives Global Market – Regional Analysis
Geographically, the Asia Pacific region leads the Global Coated Abrasives Market. China being the largest consumer of Coated Abrasives dominates the market segment. Rapid industrialization and huge demand from automotive and construction activities is likely to drive the Coated Abrasives Market Growth. Growing demand for precision grinding, fabrication, polishing facility and others industrial application in China, India, Thailand and Indonesia has boosted the coated abrasives market demand. The Second largest Global Coated Abrasives Market is North America followed by Europe.
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