Coated Abrasives Market Size to Grow by USD 2.81 bn, 3M Co. and Carborundum Universal Ltd. Among Key Vendors

NEW YORK, July 26, 2022 /PRNewswire/ -- The growth of the coated abrasives market will be driven by factors such as the growing demand for PSA-backed coated abrasives. The popularity of pressure-sensitive adhesives is increasing, as they offer ease of mounting sanding discs, rolls, and sheets. Cloth and paper are widely used as backing materials in coated abrasives. Vendors such as Saint-Gobain and CUMI offer coated abrasives with PSA-backing. Key applications of these products include blending welds and defects in auto body shops, removal of paint and primer in the auto refinish shops and orbital sanding for the finishing of flat stock wood components. PSA-backed coated abrasives protect from dust and moisture and provide longer disc life.

The coated abrasives market size is estimated to grow by USD 2.81 bn from 2019 to 2024. In addition, the growth momentum of the market will accelerate at a CAGR of 4.23% during the forecast period.

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Company Profiles

The coated abrasives market report includes information on the product launches, sustainability, and prospects of leading vendors, including 3M Co., Carborundum Universal Ltd., Compagnie de Saint-Gobain SA, Hermes Schleifmittel GmbH, Jason Industries Inc., KWH Group Ltd., Robert Bosch GmbH, Swajit Abrasives Pvt. Ltd., VSM · Vereinigte Schmirgel- und Maschinen-Fabriken AG, and WEEM Abrasives. The key offerings of some of the vendors are listed below:

3M Co. - The company offers coated abrasive discs and belts in different diameters and form types for polishing and grinding applications.

Carborundum Universal Ltd. - The company offers coated abrasives, which are used in light polishing applications in automobiles, auto ancillaries, white goods, hand and power tools, sanitary ware, furniture, fabrication, and construction industry.

Compagnie de Saint-Gobain SA - The company offers several coated abrasives, including hand sanding sheets, cloth, paper & soft rolls, abrasive sponges, paper and soft-touch discs & cut sheets, belts, and others.

Hermes Schleifmittel GmbH - The company offers a wide range of coated abrasives, including rolls, sheets, strips, abrasive belts, triangulars, sanding sponges, wide belts, discs, fiber discs, fast-lock system, webrax abrasive web flap wheels/rollers, webrax abrasive web-laminated wheels, and others.

KWH Group Ltd. - The company offers superior coated high-quality abrasives, which are used in various applications, including surface finishing of composite parts, automotive refinishing, furniture polishing, and others.

Market Segmentation

By grain type, the market is classified into aluminum oxide, ceramic, silicon carbide, alumina zirconia, and others. The aluminum oxide segment contributes the largest share of the market. Many industries prefer aluminum oxide-based coated abrasives owing to their high toughness and prolonged durability. Moreover, vendors in the global coated abrasives market are introducing aluminum oxide-based coated abrasives. This is expected to raise the consumption rate rapidly during the forecast period. These products also have various applications in the metal fabrication and woodworking industries.

By backing material, the market has been segmented into fiber, paper, cloth, polyester, and others.

By application, the market has been segmented into transportation, machinery, metal fabrication, consumer goods, and others.

By geography, the market is classified into APAC, Europe, North America, South America, and MEA. APAC will have the largest share of the market.

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Coated Abrasives Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 4.23%

Market growth 2020-2024

USD 2.81 billion

Market structure

Fragmented

YoY growth (%)

3.52

Regional analysis

APAC, Europe, North America, South America, APAC, Europe, North America, South America, APAC, Europe, North America, and South America

Performing market contribution

APAC at 74%

Key consumer countries

China, US, Japan, Brazil, India, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

3M Co., Carborundum Universal Ltd., Compagnie de Saint-Gobain SA, Hermes Schleifmittel GmbH, Jason Industries Inc., KWH Group Ltd., Robert Bosch GmbH, Swajit Abrasives Pvt. Ltd., VSM · Vereinigte Schmirgel- und Maschinen-Fabriken AG, and WEEM Abrasives

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

Executive Summary

Market Landscape

Market ecosystem

Value chain analysis

Market Sizing

Market definition

Market segment analysis

Market size 2020

Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

Five forces analysis 2020 & 2025

Bargaining power of buyers

Bargaining power of suppliers

Threat of new entrants

Threat of substitutes

Threat of rivalry

Market condition

Market Segmentation by Application

Market segments

Comparison by Application

Transportation - Market size and forecast 2020-2025

Machinery - Market size and forecast 2020-2025

Metal fabrication - Market size and forecast 2020-2025

Consumer goods - Market size and forecast 2020-2025

Others - Market size and forecast 2020-2025

Market opportunity by Application

Market Segmentation by Grain type

Market segments

Comparison by Grain type

Aluminum oxide - Market size and forecast 2020-2025

Ceramic - Market size and forecast 2020-2025

Silicon carbide - Market size and forecast 2020-2025

Alumina zirconia - Market size and forecast 2020-2025

Others - Market size and forecast 2020-2025

Market opportunity by Grain type

Market Segmentation by Backing material

Market segments

Comparison by Backing material

Fiber - Market size and forecast 2020-2025

Paper - Market size and forecast 2020-2025

Cloth - Market size and forecast 2020-2025

Polyester - Market size and forecast 2020-2025

Others - Market size and forecast 2020-2025

Market opportunity by Backing material

Customer landscape

Geographic Landscape

Geographic segmentation

Geographic comparison

APAC - Market size and forecast 2020-2025

Europe - Market size and forecast 2020-2025

North America - Market size and forecast 2020-2025

South America - Market size and forecast 2020-2025

MEA - Market size and forecast 2020-2025

Key leading countries

Market opportunity by geography

Market drivers

Market challenges

Market trends

Vendor Landscape

Overview

Vendor landscape

Landscape disruption

Industry risks

Vendor Analysis

Vendors covered

Market positioning of vendors

3M Co.

Carborundum Universal Ltd.

Compagnie de Saint-Gobain SA

Hermes Schleifmittel GmbH

Jason Industries Inc.

KWH Group Ltd.

Robert Bosch GmbH

Swajit Abrasives Pvt. Ltd.

VSM A· Vereinigte Schmirgel- und Maschinen-Fabriken AG

WEEM Abrasives

Appendix

Scope of the report

Currency conversion rates for US$

Research methodology

List of abbreviations

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Contact

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