Market Research Future Published a Cooked Research Report
on Global Coated Abrasives Market Trends & Forecast 2016
to 2022. Global Coated Abrasives Market 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 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. 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. Collectively, these segments account for nearly 70% of the
value share in the total revenue generated by Coated Abrasives Market.
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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
in 2016
As per MRFR analysis Asia Pacific dominated the Global Coated
Abrasives Market 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 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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