Coated abrasives comprise backing material, which includes woven cloth, paper, cloth/paper combination, polyester film, or vulcanized fiber. It has several applications, such as fabrication, auto ancillaries, general engineering, furniture, auto OEM and flooring. The growing demand for coated abrasives in automotive, welding, foundry, jewelry industries is expected to fuel the market during the forecast period. Further, owing to rising demand in developing countries, such as India and China and growing expansion in fabrication, automotive and machinery industries, the demand for coated abrasives is likely to grow.
MARKET DYNAMICS
Coated abrasive has high performance capacity, which allows its use in metal and alloy modeling processes; also, the enhanced performance of the manufacturing sector is driving the growth of the coated abrasives market. However, fluctuations in raw material prices might restrain the growth of the coated abrasives market. Furthermore, advancement in machinery and equipment used in manufacturing the product is anticipated to witness massive demand during the forecast period.
MARKET SCOPE
The "Global Coated Abrasives Market Analysis to 2028" is a specialized and in-depth study of the coated abrasives market with a special focus on the global market trend analysis. The report aims to provide an overview of coated abrasives market with detailed market segmentation by type, application, and geography. The global coated abrasives market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading coated abrasives market players and offers key trends and opportunities in the coated abrasives market.
MARKET SEGMENTATION
The global coated abrasives market is segmented on the basis of type and application. On the basis of type, the market is segmented as aluminium oxide, silicon carbide, zirconia aluminium oxide, and others. On the basis of application, the market is segmented as automotive, metal working, woodworking, electronic and semiconductors, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global coated abrasives market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The coated abrasives market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting coated abrasives market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the coated abrasives market in these regions.
MARKET PLAYERS
The reports cover key developments in the coated abrasives market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from coated abrasives market are anticipated to lucrative growth opportunities in the future with the rising demand for coated abrasives market. Below mentioned is the list of few companies engaged in the coated abrasives market.
The report also includes the profiles of key coated abrasives market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- 3M
- Carborundum Universal Limited
- Flexible Abrasives Pvt. Ltd.
- Fujimi Incorporated
- Grind Master
- Hermes Schleifmittel GmbH
- Robert Bosch Power Tools GmbH
- Saint-Gobain
- Schaffner Manufacturing Company Inc.
- Scrubex Corporation
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