Global Coated Abrasives Market- Market Overview:

The global coated abrasives market is expected to grow from USD 49.06 billion in 2022 to USD 69.7 billion by 2030, at a CAGR of 4.5% during the Projection period 2023-2030. The growth of the coated abrasives market is mainly driven by rising demands to reduce data center complexities and increase data center traffic.

Coated abrasives are referred to some tools that are used for sanding, grinding & polishing. The device is made of a synthetic and natural material which is generally coated with a special abrasive mineral powder enabling it to grind down other surfaces such as metals, wood, etc. Coated materials can be either self-adhesive or non-self-adhesive (splintery) by nature depending on what they are being applied for. Factors such as the requirement for abrasive materials in different industrial sectors because of their usage on hard surfaces are generally driving the growth of the global market of coated abrasives. The furniture industry, construction industry, and automotive manufacturing sector among others have sighted a rise in demand for such products with more investments that are made towards machinery and production facilities, which also play a key role in improving efficiency levels while reducing the costs that are attributed with labor-intensive processes such as grinding or sanding. Coated abrasives generally consist of three elements such as flexible or semi-rigid backing, abrasive grains, and an adhesive that is bonding the grains to the backing. These are manufactured with natural abrasive grains and pasting synthetic. Abrasive grains are consisting of garnet, silicon carbide, emery aluminum oxide, and zirconia alumina. Backing materials are cloth, paper, fiber, and polyester film. They are generally first produced in jumbo rolls and then cut into small pieces for making different products such as sheets, discs, and belts. Coated Abrasives are mostly applied in imparting shape and finish, cleaning, abrading, and grinding. Coated abrasives are also useful in implants, consumer goods, and prosthetics. Moreover, they are also utilized for specific surface treatment applications such as dimensioning, blending, polishing, etc. It's anticipated to boost product demand during the Projection period.

Sample Request: - Global Coated Abrasives Market

Market Dynamics:

Drivers:                          

• Increase Demand for PSA-backed Coated Abrasive

The Increasing demand for PSA-backed coated abrasives is the driving factor for the market growth. Pressure-sensitive adhesives (PSA) are growing in popularity due to their offer of greater ease in mounting sanding discs, sheets, and rolls. However, materials like cloth and paper are still mostly used as backing materials in coated abrasives. Some vendors like  Saint-Gobain and CUMI offer coated abrasives with PSA-backing. The main applications of such products are including the removal of paint and primer in the auto refinish shops, the blending of welds and defects in auto body shops, and orbital sanding for the flat stock wood components’ finishings.

Restraints:                                             

• Infrastructure Challenges

Organizations in underdeveloped countries, however, confront extreme infrastructure challenges. The requirement for consistent system administration to guarantee high reliability is also emerging. The higher costs of setup and maintenance create difficulty for businesses competing especially in the global market. Moreover, there is an increasing need for systems’ routine and maintenance to guarantee high reliability, especially after considering the importance of such smartphone solutions. The huge cost of setting up along with the other necessities is assumed to be a hindrance for companies that are selling in the global market.

Opportunities:

• Increasing Demand

The coated abrasives market is segregated, and such segregation will definitely accelerate market growth. The increasing demand for PSA-backed coated abrasives will bring immense growth opportunities. Moreover,  Woodworking, metalworking, automotive, aerospace and defense,  and electrical industries all are using semiconductors from the Coated Abrasives Market. Coated abrasives are continuously in demand and have a tremendous impact on the semiconductor industry. There is a possibility that the Coated Abrasives Market will expand more rapidly as a result of rising semiconductor output.

Challenges:

• Improper Handling

The key challenge in lowering the coated abrasives market growth is improper or inadequate storage that causes technical issues. One of the critical aspects of coated abrasives is storage in order to retain their efficacy for a longer period of time. Some technical challenges, such as curling, a weakened bond, brittleness, and breakages, can occur due to improper material handling. Coated abrasives are used to lose their properties with changes in humidity and temperature.

Segmentation Analysis:

The global coated abrasives market has been segmented based on type, application, and region.

By Type

The type segment is paper, non-woven, cloth, and others. The non-woven segment led the largest share of the coated abrasives market with a market share of around 45% in 2022. In the automotive industry, non-woven abrasive is used for cleaning and scuffing. This sort of material has a coating that increases its resistance to friction and lengthens its lifespan. They are less popular than other materials since it can be challenging and expensive to build equipment constructed with them, but this also boosts efficiency by reducing downtime caused by damage or wear on the particles during usage. Despite the fact that they are frequently produced as compressed sheets that must be cut into form before use, these shapes are typically already pre-cut at the time of purchase, so using a new product shouldn't require any cutting.

By Application

The application segment is industrial, building, construction, household, and others. The construction segment led the largest share of the coated abrasives market with a market share of around 36% in 2022. They are employed for cutting tile, stone, granite, and reinforced concrete. As a result, they are incorporated into machine tools such as masonry, floor, tile, and handheld saws, as well as floor grinders, power trowels, and equipment for core drilling. The US Census Bureau estimates that the country's overall construction production would be USD 1639.86 billion in December 2021, up 9% from USD 1504.2 billion during the same time period the previous year. In addition, residential construction has been growing in India, where it is anticipated that over the next seven years, roughly USD 1.3 trillion will be invested in housing, leading to the development of 60 million new dwellings.

Global Coated Abrasives Market- Sales Analysis.

The sale of the coated abrasives market expanded at a CAGR of 3.4% from 2016 to 2022.

Due to the increasing expansion of end-use industries, the worldwide coated abrasives market is anticipated to expand throughout the Projection period. Applications for coated abrasives include flooring, furniture, general engineering, auto OEM, and auto ancillaries. Coated abrasives are preferred by industry users of abrasives over their uncoated counterparts because of their dramatic advantages, including high productivity and surface finishes. Over the course of the projection, this is also anticipated to propel the market. In the upcoming seven years, it is also projected that rising demand from the welding, automotive, foundry, and jewelry industries will fuel the market. New goods such as wide belts, flexible belts, nonwoven fabric abrasives, seeded gel abrasives, and polyester-backed abrasives are being prioritized by market participants. Over the Projection period, this factor is also anticipated to increase demand.

Over the Projection period, fluctuating raw material prices are anticipated to impede market expansion. The demand for products is anticipated to be hampered by underdeveloped testing and quality control equipment. Over the next seven years, the market will be negatively impacted by high energy consumption and less effective firing systems. It is projected that difficulty in obtaining manufacturing equipment will restrain market expansion. One of the key elements to creating opportunities in the market is anticipated to be the advancement of the machinery and equipment used in the product's manufacturing.

Thus, owing to the aforementioned factors, the global coated abrasives market is expected to grow at a CAGR of 4.5% during the Projection period from 2023 to 2030.

By Regional Analysis:

The regions analyzed for the coated abrasives market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America region dominated the coated abrasives market and held a 36% share of the market revenue in 2022.

• The North America region witnessed a major share. When compared to other parts of the world, the high demand for abrasive paper and cloth products drives a higher growth rate. In North America, nonwoven coatings are widely used because they do not generate dust during use like paper or fabric materials do (Non-degradable). The desire for these coatings has grown as a result of their resistance to wear and tear.
• Asia Pacific is anticipated to experience significant growth during the Projection period. In the future, the abrasives market is anticipated to be dominated by the Asia-Pacific region. The enormous market demand is being fueled by the expanding industries of construction, automotive, aerospace, and electronics. China's building industry is expanding significantly. The National Bureau of Statistics of China estimates that the value of China's construction output was around CNY 29.31 trillion in 2021. Additionally, over the years, the Chinese aviation industry saw substantial growth. According to predictions from the China Aviation Industry Development Research Center, the total number of aircraft in China would probably reach 5,343 by 2025. Boeing also estimates that over the next 20 years, China will need 8,700 new commercial aircraft, valued at $1.47 trillion.

Global coated abrasives market - Country Analysis:

• Germany

Germany's coated abrasives market size was valued at USD 3.9  billion in 2022 and is expected to reach USD 5.5 billion by 2030, at a CAGR of 4.6% from 2023 to 2030. Due to its capacity to defend against wear caused by abrasive procedures like sanding etcetera leading to increasing use over time, in addition to its capacity to clean surfaces. Because they may be thrown away after one use and are inexpensive, paper-coated abrasion is widely used by families in Germany.

• China

China’s coated abrasives market size was valued at USD 4.08 billion in 2022 and is expected to reach USD 5.9 billion by 2030, at a CAGR of 4.8% from 2023 to 2030. The largest base for electronic manufacturing is located in China. The Chinese electronics market, which ZVEI Dia Elektroindustrie estimates to be worth USD 2,430 million in 2020, is expected to grow by 11% and 8% Y-o-Y in 2021 and 2022, creating a substantial market for abrasives.

• India

India's coated abrasives market size was valued at USD 3.14 billion in 2022 and is expected to reach USD 4.5 billion by 2030, at a CAGR of 4.7% from 2023 to 2030. By 2030, India is expected to surpass other major markets as the ninth-largest civil aviation market in the world. Currently, there are 153 airports in the nation; by FY 2040, that number is expected to rise to 190–200. By 2027, 1,100 planes are anticipated to be in the fleet, due to its expanding size. ?

Key Industry Players Analysis:

To increase their market position in the global coated abrasives market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.   

• 3M
• Asahi Diamond Industrial Co., Ltd.
• Bosch Ltd.
• Carborundum Universal Limited
• CUMI
• Fujimi Incorporated
• Henkel AG & Co
• KGaA
• Krebs & Riedel
• Nippon Resibon Corporation
• Robert Bosch GmbH
• Saint-Gobain
• KWH Mirka
• Noritake Co., Limited

Latest Development:

• In December 2021, The insolvency administrator of M/s AWUKO Abrasives Wandmacher GmbH & Co. KG, Germany (AWUKO), and M/s CUMI GmbH, Germany, a step-down subsidiary of M/s. Carborundum Universal Limited (CUMI), entered into an asset purchase agreement to purchase the majority of AWUKO's assets.

Report Metrics

Report Attribute	Details
Study Period	2022-2030
Base year	2022
CAGR (%)	4.5%
Market Size	49.06 billion in 2022
Projection period	2023-2030
Projection unit	Value (USD)
Segments covered	By Type, By Application, and By Region.
Report Scope	Revenue Projection, competitive landscape, company ranking, growth factors, and trends
Companies covered	3M, Cabot, Bosch Group, Henkel, EI du Pont de Nemours, and Imerys.
By Type	Paper Non-Woven Cloth Others
By Application	Industrial Building Construction Household Others
Regional scope	North America Europe Asia-Pacific South America Middle East and Africa

Scope of the Report

Global Coated Abrasives Market By Type:

• Paper
• Non-Woven
• Cloth
• Others

Global Coated Abrasives Market By Application:

• Industrial
• Building
• Construction
• Household
• Others

Global Coated Abrasives Market By Region:

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
• Asia-Pacific
  • Japan
  • China
  • India
  • Korea
  • Southeast Asia
• South America
  • Brazil
  • Peru
• Middle East and Africa
  • UAE
  • South Africa
  • Saudi Arabia

Political Factors- By gaining powerful partners in the media, pressure groups can have an impact on the business climate. By planning protests and organizing marketing efforts, these groups exert pressure on the organizations. As these pressure groups have the power to influence government policy, which may ultimately have an impact on the general business climate, coated abrasives market needs to keep an eye on their actions. In order to gain these groups' trust, coated abrasives market should work closely with them. It should also make investments in moral and charitable causes to forge stronger links with the community.

Economic Factors- Since rising inflation reduces the purchasing power of money and deters consumers from spending on goods and services, it may have a detrimental effect on coated abrasives market's ability to raise its revenue. Exchange rate fluctuations can have an impact on a company's profitability. In order to accurately predict exchange rate variations and prevent unintended trade and business performance implications, coated abrasives market should do this research. A high interest rate means that the coated abrasives market will have to make payments at a high interest rate, increasing the overall cost of the loans received.

Social factors- When coated abrasives market primarily targets young consumers with its products/services, two favourable demographic indicators are high population growth and an increasing proportion of the young population group. coated abrasives market should also research the host nation's perspective on immigration because a friendly attitude toward immigrants from various cultural origins is a sign that diversity management strategies should be implemented. In order to promote diversity and inclusion, coated abrasives market should modify its marketing tactics. An optimistic outlook on migration also shows that coated abrasives market can hire personnel from a variety of cultural backgrounds with ease. Increased productivity, better innovation, and superior overall firm performance are frequently associated with workplace diversity.

Technological Factors- The research and development trend in the selected industry or region shows how proactive businesses are in introducing cutting-edge solutions for customer needs. coated abrasives market must improve its comprehension of how new technical advancements can help the company and offer value to customers. In markets defined by disruptive technology, significant investment in research and development efforts would be necessary. However, it is crucial for coated abrasives market to have a long-term perspective and not anticipate a quick payoff from its R&D activities.

Environmental Factors- The adoption of the closed-loop, circular economy approach is becoming the standard in various regions and industries in some nations. Industries with enabling institutional frameworks can facilitate material recycling and reuse. Similar to this, customers actively participate in recycling in several nations. coated abrasives market may take advantage of these trends in sustainability and utilise them as a tool to not only achieve economic goals through lower manufacturing costs but also minimise environmental costs.

Legal Factors- Numerous federal and state laws are in place in several nations to safeguard consumers against potential commercial exploitation. The regulations have tightened up much more in the age of information technology to protect consumer privacy. coated abrasives market must scrupulously abide by the data protection requirements when conducting online transactions in order to prevent lawsuits. coated abrasives market management must research local regulations regarding returns, discounts, credit terms, quality, deceptive advertising, and maximum price before entering new markets (particularly in the case of basic essential goods).

1. Introduction
   • 1. Objectives of the Study
   • 2. Market Definition
   • 3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
   • 1. Porter’s Five Forces Analysis
   • 2. Value Chain Analysis
   • 3. Top Investment Pockets
     • 3.1. Market Attractiveness Analysis By Type
     • 3.2. Market Attractiveness Analysis By Application
     • 3.3. Market Attractiveness Analysis By Region
   • 4. Industry Trends
5. Market Dynamics
   • 1. Market Evaluation
   • 2. Drivers
     • 2.1. Increase Demand for PSA-backed Coated Abrasive
   • 3. Restraints
     • 3.1. Infrastructure Challenges
   • 4. Opportunities
     • 4.1. Increasing Demand
   • 5. Challenges
     • 5.1. Improper Handling

6. Global Coated Abrasives Market Analysis and Projection, By Type
   • 1. Segment Overview
   • 2. Paper
   • 3. Non-Woven
   • 4. Cloth
   • 5. Others
7. Global Coated Abrasives Market Analysis and Projection, By Application
   • 1. Segment Overview
   • 2. Industrial
   • 3. Building
   • 4. Construction
   • 5. Household
   • 6. Others
8. Global Coated Abrasives Market Analysis and Projection, By Regional Analysis
   • 1. Segment Overview
   • 2. North America
     • 2.1. U.S.
     • 2.2. Canada
     • 2.3. Mexico
   • 3. Europe
     • 3.1. Germany
     • 3.2. France
     • 3.3. U.K.
     • 3.4. Italy
     • 3.5. Spain
   • 4. Asia-Pacific
     • 4.1. Japan
     • 4.2. China
     • 4.3. India
   • 5. South America
     • 5.1. Brazil
   • 6. Middle East and Africa
     • 6.1. UAE
     • 6.2. South Africa

9. Global Coated Abrasives Market-Competitive Landscape
   • 1. Overview
   • 2. Market Share of Key Players in the Coated Abrasives Market
     • 2.1. Global Company Market Share
     • 2.2. North America Company Market Share
     • 2.3. Europe Company Market Share
     • 2.4. APAC Company Market Share
   • 3. Competitive Situations and Trends
     • 3.1. Technology Launches and Developments
     • 3.2. Partnerships, Collaborations, and Agreements
     • 3.3. Mergers & Acquisitions
     • 3.4. Expansions

10. Company Profiles
    • 3M
      • 1.1. Business Overview
      • 1.2. Company Snapshot
      • 1.3. Company Market Share Analysis
      • 1.4. Company Technology Portfolio
      • 1.5. Recent Developments
      • 1.6. SWOT Analysis
    • Cabot
      • 2.1. Business Overview
      • 2.2. Company Snapshot
      • 2.3. Company Market Share Analysis
      • 2.4. Company Technology Portfolio
      • 2.5. Recent Developments
      • 2.6. SWOT Analysis
    • Bosch Group
      • 3.1. Business Overview
      • 3.2. Company Snapshot
      • 3.3. Company Market Share Analysis
      • 3.4. Company Technology Portfolio
      • 3.5. Recent Developments
      • 3.6. SWOT Analysis
    • Henkel
      • 4.1. Business Overview
      • 4.2. Company Snapshot
      • 4.3. Company Market Share Analysis
      • 4.4. Company Technology Portfolio
      • 4.5. Recent Developments
      • 4.6. SWOT Analysis
    • EI du Pont de Nemours
      • 5.1. Business Overview
      • 5.2. Company Snapshot
      • 5.3. Company Market Share Analysis
      • 5.4. Company Technology Portfolio
      • 5.5. Recent Developments
      • 5.6. SWOT Analysis
    • Imerys
      • 6.1. Business Overview
      • 6.2. Company Snapshot
      • 6.3. Company Market Share Analysis
      • 6.4. Company Technology Portfolio
      • 6.5. Recent Developments
      • 6.6. SWOT Analysis

List of Table

1. Global Coated Abrasives Market, By Type, 2023–2030 (USD Billion)
2. Global Paper, Coated Abrasives Market, By Region, 2023–2030 (USD Billion)
3. Global Non-Woven, Coated Abrasives Market, By Region, 2023–2030 (USD Billion)
4. Global Cloth, Coated Abrasives Market, By Region, 2023–2030 (USD Billion)
5. Global Others, Coated Abrasives Market, By Region, 2023–2030 (USD Billion)
6. Global Coated Abrasives Market, By Application 2023–2030 (USD Billion)
7. Global Industrial, Coated Abrasives Market, By Region, 2023–2030 (USD Billion)
8. Global Building, Coated Abrasives Market, By Region, 2023–2030 (USD Billion)
9. Global Construction, Coated Abrasives Market, By Region, 2023–2030 (USD Billion)
10. Global Household, Coated Abrasives Market, By Region, 2023–2030 (USD Billion)
11. Global Others, Coated Abrasives Market, By Region, 2023–2030 (USD Billion)
12. Global Coated Abrasives Market, By Region, 2023–2030 (USD Billion)
13. North America Coated Abrasives Market, By Type, 2023–2030 (USD Billion)
14. North America Coated Abrasives Market, By Application 2023–2030 (USD Billion)
15. USA Coated Abrasives Market, By Type, 2023–2030 (USD Billion)
16. USA Coated Abrasives Market, By Application 2023–2030 (USD Billion)
17. Canada Coated Abrasives Market, By Type, 2023–2030 (USD Billion)
18. Canada Coated Abrasives Market, By Application 2023–2030 (USD Billion)
19. Mexico Coated Abrasives Market, By Type, 2023–2030 (USD Billion)
20. Mexico Coated Abrasives Market, By Application 2023–2030 (USD Billion)
21. Europe Coated Abrasives Market, By Type, 2023–2030 (USD Billion)
22. Europe Coated Abrasives Market, By Application 2023–2030 (USD Billion)
23. Germany Coated Abrasives Market, By Type, 2023–2030 (USD Billion)
24. Germany Coated Abrasives Market, By Application 2023–2030 (USD Billion)
25. France Coated Abrasives Market, By Type, 2023–2030 (USD Billion)
26. France Coated Abrasives Market, By Application 2023–2030 (USD Billion)
27. UK Coated Abrasives Market, By Type, 2023–2030 (USD Billion)
28. UK Coated Abrasives Market, By Application 2023–2030 (USD Billion)
29. Italy Coated Abrasives Market, By Type, 2023–2030 (USD Billion)
30. Italy Coated Abrasives Market, By Application 2023–2030 (USD Billion)
31. Spain Coated Abrasives Market, By Type, 2023–2030 (USD Billion)
32. Spain Coated Abrasives Market, By Application 2023–2030 (USD Billion)
33. Asia Pacific Coated Abrasives Market, By Type, 2023–2030 (USD Billion)
34. Asia Pacific Coated Abrasives Market, By Application 2023–2030 (USD Billion)
35. Japan Coated Abrasives Market, By Type, 2023–2030 (USD Billion)
36. Japan Coated Abrasives Market, By Application 2023–2030 (USD Billion)
37. China Coated Abrasives Market, By Type, 2023–2030 (USD Billion)
38. China Coated Abrasives Market, By Application 2023–2030 (USD Billion)
39. India Coated Abrasives Market, By Type, 2023–2030 (USD Billion)
40. India Coated Abrasives Market, By Application 2023–2030 (USD Billion)
41. South America Coated Abrasives Market, By Type, 2023–2030 (USD Billion)
42. South America Coated Abrasives Market, By Application 2023–2030 (USD Billion)
43. Brazil Coated Abrasives Market, By Type, 2023–2030 (USD Billion)
44. Brazil Coated Abrasives Market, By Application 2023–2030 (USD Billion)
45. Middle East and Africa Coated Abrasives Market, By Type, 2023–2030 (USD Billion)
46. Middle East and Africa Coated Abrasives Market, By Application 2023–2030 (USD Billion)
47. UAE Coated Abrasives Market, By Type, 2023–2030 (USD Billion)
48. UAE Coated Abrasives Market, By Application 2023–2030 (USD Billion)
49. South Africa Coated Abrasives Market, By Type, 2023–2030 (USD Billion)
50. South Africa Coated Abrasives Market, By Application 2023–2030 (USD Billion)

List of Figures 

1. Global Coated Abrasives Market Segmentation
2. Coated Abrasives Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Coated Abrasives Market Attractiveness Analysis By Type
9. Global Coated Abrasives Market Attractiveness Analysis By Application
10. Global Coated Abrasives Market Attractiveness Analysis By Region
11. Global Coated Abrasives Market: Dynamics
12. Global Coated Abrasives Market Share By Type (2023 & 2030)
13. Global Coated Abrasives Market Share By Application (2023 & 2030)
14. Global Coated Abrasives Market Share by Regions (2023 & 2030)
15. Global Coated Abrasives Market Share by Company (2021)