The report "Coated Abrasive Market, By Product Type (Belts, Discs, Rolls, Sheets, Others Product Type), Material Type (Aluminum Oxide, Silicon Carbide, Zirconia Alumina, Ceramic Alumina, Other Material Type), Backing Material (Cloth, Paper, Fiber, Polyester, Other Backing Material), End-use Industry (Construction, Woodworking, Automotive, Aerospace, Metal Working , Other End-Use Industries), and Region - Global Forecast to 2030", The coated abrasive market is projected to reach USD 20 billion by 2030, growing from USD 15 billion in 2024, with a CAGR of 6.8%. The burgeoning market demand for surface preparation and finishing by automotive, construction, metalworking, and woodworking industries augurs for market growth. Besides, advancement in abrasive materials and efficiency improvements alongside the need for high-precision applications propels the expansion of the market. Asia Pacific has been recognized as the largest market for coated abrasives. The primary reason behind such demand would be the speedily industrializing factors prevailing in the regions, as in developed manufacturing bases and significant requirements from key user sectors, such as automotive, construction, and electronics, among others. China, India, and Japan take the lead in manufacturing, where coated abrasives find themselves indispensable for treatments to surfaces during mass production. Coupled with the growing construction and infrastructure projects within the region, Asia Pacific is an ideal region as the cost continues to improve to dominate the future market for coated abrasives.
Browse 400 market data Tables and 75 Figures spread through 401 Pages and in-depth TOC on "Coated Abrasive Market, By Product Type (Belts, Discs, Rolls, Sheets, Others Product Type), Material Type (Aluminum Oxide, Silicon Carbide, Zirconia Alumina, Ceramic Alumina, Other Material Type), Backing Material (Cloth, Paper, Fiber, Polyester, Other Backing Material), End-use Industry (Construction, Woodworking, Automotive, Aerospace, Metal Working , Other End-Use Industries), and Region - Global Forecast to 2030"
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Belt, by product type segment is one of the largest type of the coated abrasive market during the forecasted period.
Belt type coated abrasives are projected to keep a considerable share of the market as they are diversified, efficient, and high-performance products within the industries. These abrasives, connected with metalworking, woodworking, automotive, and construction, comprise the activities of sanding, grinding, and polishing. Abrasive belts are, however, best used on large surface areas because they offer a quick, even covering for high-volume and continuous operations. Because of their durability, they deliver very reliable results over time, reducing downtime and maintenance costs for industrial environments. The fact that manufacturing processes are becoming automated and the need for premium finishing solutions are contributing factors affecting the market acceptance of tape abrasives for the reasons above. Demand for abrasive belts will increase as industries continue to emphasize productivity and quality surface finishing, thus keeping the products at the top of the coated abrasive market.
Construction, by end-use industry segment is one of the largest segment in overall coated abrasive market during forecast period.
The construction segment is the widest in the coated abrasive market, owing to the increasing demand for surface preparation, finishing, and polishing applications related to different construction segments. Some sanding, grinding, and smoothing activities between different coatings can be done using functions like wood, concrete, metal, and stone. Several coated abrasives are used for typical applications in the broad construction segment, such as the development of infrastructure, residential projects, and commercial construction. In addition, with the increasing demand for precision finish and high-quality finish in construction materials, there has been more acceptability of coated abrasives. Coated abrasives improve the durability, aesthetics, and safety of structures and therefore become very important in the modern construction process. With construction increasing on a global scale, particularly in emerging economies, the construction segment remains one of the major growth drivers for the coated abrasive market during the forecast period.
Paper segment is likely to account as one of the largest shares of backing material of the coated abrasive in market during the forecast period.
The paper segment is projected to secure a substantial part of the backing in coated abrasives during the forecast period due to its cost-effectiveness, flexibility, and convenience of application. Paper-backed abrasives find applications in a number of industries, including woodworking, automotive, and metalworking, in sanding and finishing operations. Being lightweight and flexible, paper can easily be conveyed to fit contour surfaces whether automated or manual. In this light, also, paper-backed abrasives will be able to yield strength and flexibility for performance at a competitive price. Cost-sensitive industries looking for optimized high performance in surface treatments use the paper backing material most, hence its contribution to the coated abrasive market.
Asia Pacific region likely to account the largest share of the global coated abrasive market during forecasted period.
Asia is expected to take the lion's share of the global coated abrasive market. The reason for this is the rapid growth in industrial activities, a strong manufacturing base, and automotive, construction, metal-working, and electronics industries that demand coated abrasives. Majorly, China, India, and Japan are the main producers and consumers of coated abrasives. All these countries are characterized by majorly large-scale manufacturing and infrastructure developments. This inherent quality of surface finishing requirements as well as low-cost production uses significantly favors the application of coated abrasives across sectors in the region. The upcoming generation of user-friendly small and medium enterprises (SMEs) involved in advanced technologies in manufacturing also would push the growth of the market. In addition to that, increased construction activities in Asia Pacific, together with the increasing automotive sector in the region, are some stimulating factors spearheading the momentum of demand for coated abrasives. With these, the region has been positioned as yet the largest market in the world.
SAINT – GOBAIN (France), 3M (US), ROBERT BOSCH GMBH (Germany), FUJIMI INCORPORATED (Japan), ASAHI DIAMOND INDUSTRIAL CO. LTD (Japan), CABOT MICROELECTRONICS CORPORATION (US) are the key players in the global coated abrasive market.
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