Market Research Future Published a Cooked Research Report on Global Coated Abrasives Market Trends Trends & Forecast 2016 to 2022. Global Coated Abrasives Market Trends is projected to exhibit a healthy CAGR of 6.3% during the forecast period 2016-2022.
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.
Segment Analysis:
Global Coated Abrasives Market Trends 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 Trends. 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 Trends. Collectively, these segments account for nearly 70% of
the value share in the total revenue generated by Coated Abrasives Market
Trends.
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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.
Asia Pacific has Dominated Coated Abrasives Market
Trends in 2016
As per MRFR analysis Asia Pacific dominated the Global Coated
Abrasives Market Trends and has accounted for the largest share of the market
in 2016. Asia Pacific market is followed by Europe and North America. Moreover,
Asia Pacific Coated Abrasives Market Trends will witness considerable growth
during the forecast period with increasing concentration of end-user industries
for Coated Abrasives in the region coupled with expansion of major producers of
coated abrasives in the region such as, Saint-Gobain and 3M. Over the forecast
period, Middle East & Africa is anticipated to offer lucrative
opportunities for coated abrasives, owing to the new construction activities in
the region and prevailing trend of industry bifurcation to non-oil
manufacturing sectors, with respect to declining crude oil prices.
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