Coated Abrasives Market Trends, Share, Size, Growth, and Forecast 2024-2032

IMARC Group’s latest report, titled "Coated Abrasives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032", the global coated abrasives market size reached US$ 14.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 19.7 Billion by 2032, exhibiting a growth rate (CAGR) of 3.6% during 2024-2032.

Coated Abrasives Uses :

Coated abrasives are rough materials that consist of an abrasive grain bonded to a flexible backing material. They are widely used in various industries for grinding, sanding, polishing, and finishing applications. The abrasive grain is coated onto the backing material using an adhesive or resin, creating a continuous layer of abrasive material. They are designed to withstand high-pressure applications and provide long-lasting performance, resulting in cost-effective abrasive solutions. They are available in a wide range of grit sizes and materials, making them suitable for various applications, from heavy material removal to fine finishing. They are available in different forms, each designed for specific applications, including sheets, rolls, discs, belts and specialty forms.

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Who are the key Players Operating in the Industry? :

• 3M Company
• Fandeli International Corp
• Gemtex Abrasives
• Jiangsu Sanling Abrasive Co. Ltd
• Mirka Ltd
• Murugappa Group
• Napoleon Abrasives S.p.a
• Saint-Gobain Abrasives Inc
• Sak Industries Pvt Ltd
• Swajit Abrasives Pvt. Ltd
• Tyrolit Group

What are the Growth Prospects and Trends in the Coated Abrasives Industry? :

The global market is primarily driven by widespread product adoption across the industrial sector. Moreover, with growing customer expectations for high-quality products, there is a greater emphasis on achieving superior surface quality and finish in various industries is providing a boost to the demand for coated abrasives as they play a crucial role in providing the desired surface finish, removing imperfections, and achieving smooth and even surfaces.

Furthermore, coated abrasives are widely used in automotive manufacturing processes of auto parts and components, which is creating a positive market outlook. Additionally, the construction industry is a major consumer of coated abrasives. They are used for surface preparation, smoothing rough surfaces, removing coatings, and achieving desired surface finishes in construction projects, is acting as a growth-inducing factor.

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What is Included in Market Segmentation? :

Grain Type Insights:

• Aluminum Oxide
• Ceramic
• Silicon Carbide
• Alumina Zirconia
• Others

Backing Material Insights:

• Fiber
• Paper
• Cloth
• Polyester
• Others

Application Insights:

• Transportation
• Machinery
• Metal Fabrication
• Consumer Goods
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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The global enterprise search market size reached US$ 5.6 Billion in 2023. Looking forward, Imarc Group expects the market to reach US$ 13.0 Billion by 2032, exhibiting a growth rate (Cagr) of 9.6% during 2024-2032.