The global Coated Abrasive market is expected to reach USD 14,671.2 million by 2023 at a CAGR of 6.3 % during the forecasted period. Coated Abrasive Market report covers the market landscape and its growth prospects over the coming years and discussion of the key vendors effective in this market. To calculate the market size, the report considers the revenue generated from the sales of Coated Abrasive globally.
Applications of Coated Abrasive Market Report are: cutting, sharpening and precise grinding
Abrasive can be defined as substance used for giving shape to any hard material by rubbing the material against the abrasives. The multibillion dollar abrasive industry is broadly classified into three main categories, bonded abrasives, coated abrasives, and super abrasives. Each category having nearly equal dominance in the industry. In terms of value share, the coated abrasives accounted for slightly above on-third of the global abrasives revenue. The impetus factors pulsating the growth of coated abrasives market includes, the augmenting demand for strong and durable tools for versatile applications such as cutting, sharpening and precise grinding across an array of industries.
Key Players of the Coated Abrasive Market Reports are: 3M, CUMI, Sia Abrasives AG, KLINGSPOR, Hermes Schleifmittel GmbH.
Target Audience of Coated Abrasive Market Report are: Coated Abrasives Manufacturers, Coated Abrasives Suppliers & Traders, Abrasive Grain Manufacturers, Market Research and Consulting Service Providers.
Report also presents Geographical Segmentation analysis of Coated Abrasive Market Report:
North America (US, Canada)
Europe (Germany, France, U.K., Italy, Spain, Rest of Europe, Eastern Europe)
Asia Pacific (Japan, China, India, Republic of Korea, Rest of Asia-Pacific)
Middle East & Africa (Middle East, Africa)
On the basis of types, aluminium and silicon carbide coated abrasives dominate the market in terms of value and volume, together both the segments account for 71.2% of the revenue share of the global coated abrasives market.
Based on the applications, metalworking and woodworking segments accounts for largest market shares, together the segments account for more than one-third of the revenue generated in the coated abrasives market.
Furthermore, the electronic & semiconductor segment offers lucrative opportunities with increasing demand for coated abrasives for precision grinding.
Regionally, Asia-Pacific is the dominating market for coated abrasives followed by Europe and North America.
Asia-Pacific market is expected to maintain its dominance throughout the forecast period in terms of value share, expanding at a CAGR of ~7%.
Study Objectives of Coated Abrasive Market Report:
To study detail of Coated Abrasive market by type, by formulation, by distribution channel and by region in forecasted period 2023.
To identify the Coated Abrasive market dynamics of Coated Abrasive market dynamics by drivers, restrains, opportunities and challenges.
To analyse various factors like value chain analysis and porters five forces model.
To provide historical and forecast revenue of market segment with respect to North America, Europe, APAC and Row.
To provide strategic profiling of key players in the Coated Abrasive market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market.
To track mergers and acquisitions, strategic alliances, new product development of specified company.