Pune, India -- (SBWIRE) -- 07/19/2017 -- Market Highlights
Coated abrasives are used to grind, scour, clean or remove solid materials by rubbing action or by impact using equipment's. Coated Abrasive market is expected to grow at rapid pace owing to its growing applications such as auto OEMs, fabrication, furniture, flooring etc.
Coated Abrasives are manufactured from synthetic or natural grain minerals such as aluminum oxide, silicon carbide, zirconia alumina and ceramic. These grain minerals are supported by backing materials such as paper, cloth, fiber, polyester film, others. These materials are then transformed into jumbo rolls which are then cut down into shapes such as discs, sheets, belts and rolls for smoothening, polishing and surface treatment application.
Rise in demand for coated abrasives in welding, foundry, automotive industry is anticipated to propel the demand for coated abrasives market in coming years. The use of coated abrasive in order to improve the surface finish along with high productivity is driving the coated abrasive market growth. Owing to superior properties, industrial abrasive users are considering coated abrasive as a better option over conventional abrasives.
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According to grain type, the coated abrasives market is segmented as aluminum oxide, silicon carbide, zirconia alumina, ceramic. Aluminum oxide accounted for major share owing to its properties such as high toughness and durability. Due to its properties, it is used in various applications such as metal fabrication and woodworking. The increased in demand for aluminum oxide in grinding nonmetallic material such as wood and plastic and non-ferrous material like aluminum, zinc etc. has boosted the market demand of coated abrasive over the forecasted period. According to backing materials, coated abrasives are segmented into paper, cloth, fiber, polyester film, others. Fiber backing material based coated abrasive account for major shares and dominate the market growth in coming years. Rising popularity of coated abrasives and development of recent nonwoven fabric abrasives is anticipated to drive the coated abrasive market growth. The recent introduction of flexible belts, seeded gel abrasives, polyester backed abrasives by various manufacturers has opened opportunities in various regions. Fluctuation in raw materials, underdeveloped testing facilities and quality equipment's is expected to hinder the market growth over the forecasted period. High energy consumption and labor strikes is expected to have negative impact on coated abrasives.
Key Players and Competitive Analysis:
The major key players of this market are: 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.
Saint-Gobain S.A. (Europe), DuPont (Germany), Robert Bosch GmbH (Germany), 3Mm (U.S) has dominated the global coated abrasives market share in 2016. Major prominent players are developing equipment's for process control, testing and quality inspection in order to bring down the cost. Key market players are offering strong distribution and sales channel to trapped the untapped market. With R&D and good warehousing facilities, major manufacturers are trying to promote the product in Middle East and Africa
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The APAC region Coated Abrasives market is expected to grow due to rapid industrializations, favorable government regulations and increase in per captia income. The rapid growth of end user industry such as automotive, fabrication and transportation in China, India and Japan is anticipated to drive the Asia-Pacific market for coated abrasives in coming years. Major players are also targeting developing regions in order to maximize the profit and meet the growing demand in those regions.
North America witnessed a significant growth owing to being prominent player of automobile sector and consumer appliances. After economic downturn, the government is focusing more on non-woven fabric which significantly increase the product demand in this region.
European debt crisis has affected many industries like construction, automobile and appliances. Due to this key player has reluctant to invest in these regions. This has led slow growth of product in European market.
The global Coated Abrasives market is majorly segmented on the basis of grain type, backing materials and end user industry. Based on grain type, coated abrasives market is segmented into aluminum oxide, silicon carbide, zirconia alumina, ceramic. Based on backing material, coated abrasives are segmented into paper, cloth, fiber, polyester film, others. Based on end user industry of Coated Abrasives, the market is segmented into transportation, metal fabrication, consumer goods, automotive, others.
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