Pune, India -- (SBWire) -- 03/30/2018 --Market Research Future (MRFR) Announces the Publication of its Research Report – Global Coated Abrasives Market 2016-2022
Market Research Future (MRFR) recognizes the following companies as the key players in the Global Coated Abrasives market: Saint-Gobain S.A. (Europe), DuPont (Germany), Robert Bosch GmbH (Germany), 3Mm (U.S), Cabot Microelectronics Corp (U.S), Hermes Schleifmittel GmbH (Germany), Henkel AG & Co. KGaA (Germany), Asahi Diamond Industrial Co. Ltd. (Japan), VSM Abrasive AG (Germany), Carborundum Universal Ltd (India) and others.
Commenting on this report, an analyst from Market Research Future (MRFR)'s team said, "Global Coated Abrasives Market size is expected to grow at rapid pace with growing application across industries. The market witnessed escalating growth owing to use of product in various commercial and industrial sector. Coated Abrasives are used to coat, grind, scour, abrade or remover solid materials from hard surface in order to provide smooth surface with high productivity. Coated Abrasives also referred to as flexible adhesives comprises of minerals and backing materials. Coated Abrasives are bonded with adhesives and minerals such as aluminum oxide, ceramic, silicon carbide, alumina zirconia along with backing materials. These materials along with bonded minerals are converted down into product form such as belts, rolls, discs and sheets. Rise in applications in several industries like auto OEM, fabrication, flooring and others are expected to drive the Coated Abrasive Market. Volatile prices in raw materials are anticipated to hamper the Coated Abrasive Market demand. High energy consumption along with high cost of equipment's are anticipated to hinder the product market growth.
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Product Segment Analysis:
On basis of Grain Types, coated abrasives are segmented into aluminum oxide, silicon carbide, zirconia alumina, ceramic. Aluminum oxide based Coated Abrasives is largest market share holder in coated abrasives market in 2016. These is due to low cost of aluminum oxide based Coated Abrasives compared to other products in this segment. Owing to superior properties, such as high toughness and prolonged durability, aluminum oxide based abrasives are used in various application such as grinding, machine blasting and woodworking. The rise in use of low cost aluminum oxide abrasives in metal fabrication and cutting operations has propel the demand for coated abrasive market.
Backing Material Analysis:
On basis of backing materials, Coated Abrasives are segmented into paper, cloth, fiber, polyester film, others. Fabric backing Coated Abrasives are dominating market segment. Owing to rising popularity of Coated Abrasives and development of recent nonwoven fabric abrasives is anticipated to drive the Coated Abrasive Market growth. The recent development of flexible belts, seeded gel abrasives, polyester backed abrasives by various manufacturers has opened opportunities across the globe.
Regional Insights:
The market is classified and analyzed on the basis of various geographic segmentation which includes; Americas, Europe, Asia-Pacific, Middle East and Africa. Out of all, Asia Pacific coated abrasives market is largest market owing to robust industry growth of end user industry in China and India. Favorable government regulations regarding tax subsidies for auto OEMs is anticipated to drive the coated abrasive market growth in Asia Pacific region, Middle East and Africa.
North America is second largest region in Coated Abrasives market. U.S is dominating segment owing to key players in these regions has shifted their production in developing regions to trapped the competitive market. After economic downturn, the government is focusing more on non-woven fabric materials and investing on large scale in research and development to provide lucrative opportunities to manufacturer in those regions.
Europe region witnessed positive steady growth owing to Brexit crisis which led the manufacturer to move out for more opportunity and tapped the market share over the forecasted period. However, coated abrasive market is expected to be sluggish growth in European market.
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Coated Abrasives Market: Top Companies, Regional Growth Overview and Growth Factors Details by Regions, Types & Applications 2022
Global Coated Abrasives Market Information, By Types (Aluminium Oxide, Silicon Carbide, Zirconia Alumina, Ceramic Alumina, Emery and Garnet), By Application (Metalworking, Woodworking, Automotive, Electronics & Semiconductors, Aerospace & Defense, and Others), and by Region - Forecast till 2022