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Global Coated Abrasives Market Size, Share, Growth, Forecast: By Product Type: Super, Coated, Bonded; By Application: Aerospace, Automotive, Metal Fabrication, Electrical and Electronics Equipment, Machinery, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Coated Abrasives Market Outlook
The global coated abrasives market size reached a value of approximately USD 10.06 billion in 2023. The market is further projected to grow at a CAGR of 6.4% between 2024 and 2032, reaching a value of USD 17.64 billion by 2032.
Key Trends in the Market
Coated abrasives contain a thin layer of abrasive grains attached to a cloth, paper or fibre and are available in the form of sheets, rolls, belts, and discs, among others. They find usage in heavy stock removal, blending, polishing, grinding, cleaning, finishing, and blurring operations.
- Research and development activities are increasing in order to modernise and replace conventional machinery with advanced machinery. This is expected to reduce the production cost and increase the efficiency of coated abrasives, aiding the coated abrasives market growth.
- The demand for coated abrasives from aerospace and automotive sectors is rising owing to their ability to provide high level strength and resistance against tearing and the ability to withstand high pressure.
- Rising environmental concerns are increasing the popularity of sustainable coated abrasive materials. The manufacturers are also adopting eco-friendly practises, resulting in reduced emission and improved waste management.
Market Analysis
Based on product type, the market is divided into super, coated, and bonded. On the basis of application, the market is divided into aerospace, automotive, metal fabrication, electrical and electronics equipment, and machinery, among others. By region, the coated abrasives market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Sia Abrasives Industries AG
- Carborundum Universal Limited
- Nippon Resibon Corporation
- Noritake Co, Limited
- Hermes Schleifwerkzeuge GmbH & Co. KG
- Vereinigte Schmirgel- und Maschinen-Fabriken AG
- Tyrolit – Schleifmittelwerke Swarovski AG & Co K.G
- Others
Market Share by Product Type
The coated segment is anticipated to hold a significant share in the coated abrasives market owing to the extensive use of coated abrasives in grinding, polishing, finishing, and sanding applications. The growing demand from automotive, metal fabrication, and general manufacturing industries is boosting the demand for the product.
Meanwhile, the bonded segment is expected to grow steadily over the forecast period owing to its increasing applications in industries that require high material removal such as cutting, precision grinding, and sharpening operations.
Market Share by Region
The Asia Pacific is anticipated to account for a significant share in the market owing to the rapid expansion of commercial and residential building sectors in the region. Additionally, rising disposable incomes are allowing more and more individuals to purchase vehicles, thereby supporting the demand for coated abrasives from the automotive sector.
Moreover, the rapid growth of the electronics sector in India and technological transformation from manual to automatic production processes is further boosting the coated abrasives market demand in the region.
Competitive Landscape
Sia Abrasives Industries AG was founded in 1875 and is headquartered in Frauenfeld, Switzerland. The company is known for developing, manufacturing, and supplying innovative abrasive systems to the consumers around the globe.
Carborundum Universal Limited was founded in 1954 and is headquartered in Chennai, India. The company is known for developing abrasives, refractories, machine tools, and ceramics, among other products.
Nippon Resibon Corporation was established in 1958 and has its headquarters located in Osaka, Japan. The company manufactures glass cloth products, cutting wheels, and off set type grindstones, among other related products.
Other major players in the market include Noritake Co, Limited, Hermes Schleifwerkzeuge GmbH & Co. KG, Vereinigte Schmirgel- und Maschinen-Fabriken AG, and Tyrolit – Schleifmittelwerke Swarovski AG & Co K.G, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Coated Abrasives Market Analysis
8.1 Key Industry Highlights
8.2 Global Coated Abrasives Historical Market (2018-2023)
8.3 Global Coated Abrasives Market Forecast (2024-2032)
8.4 Global Coated Abrasives Market by Product Type
8.4.1 Super
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Coated
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Bonded
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Coated Abrasives Market by Application
8.5.1 Aerospace
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Automotive
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Metal Fabrication
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Electrical and Electronics Equipment
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Machinery
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Coated Abrasives Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Coated Abrasives Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Coated Abrasives Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Coated Abrasives Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Coated Abrasives Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Coated Abrasives Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Sia Abrasives Industries AG
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Carborundum Universal Limited
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Nippon Resibon Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Noritake Co, Limited
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Hermes Schleifwerkzeuge GmbH & Co. KG
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Vereinigte Schmirgel- und Maschinen-Fabriken AG
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Tyrolit – Schleifmittelwerke Swarovski AG & Co K.G
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Coated Abrasives Market: Key Industry Highlights, 2018 and 2032
2. Global Coated Abrasives Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3. Global Coated Abrasives Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4. Global Coated Abrasives Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Coated Abrasives Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Coated Abrasives Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Coated Abrasives Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Coated Abrasives Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Coated Abrasives Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Coated Abrasives Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Coated Abrasives Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Coated Abrasives Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Coated Abrasives Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Coated Abrasives Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Coated Abrasives Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Coated Abrasives Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Coated Abrasives Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Coated Abrasives Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 10.06 billion in 2023.
The coated abrasives market is projected to grow at a CAGR of 6.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 17.64 billion by 2032.
The major drivers of the market include growing demand for sustainable coated abrasive materials and rising demand from automotive sector due to increasing purchase of vehicles.
The key trends of the market include rising demand from aerospace and automotive sectors, increasing research and development activities to modernise machines, and growing adoption of eco-friendly practises for manufacturing coated abrasives.
The various product types available in the market include super, coated, and bonded.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The key market players are Sia Abrasives Industries AG, Carborundum Universal Limited, Nippon Resibon Corporation, Noritake Co, Limited, Hermes Schleifwerkzeuge GmbH & Co. KG, Vereinigte Schmirgel- und Maschinen-Fabriken AG, and Tyrolit – Schleifmittelwerke Swarovski AG & Co K.G, among others.
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