Coated Abrasives Market Analysis

Global Coated Abrasives Market Overview

Coated Abrasives Market Size was valued at USD 9.8 Billion in 2023. The Coated Abrasives industry is projected to grow from USD 10.28 Billion in 2024 to USD 15.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.30% during the forecast period (2024 - 2032). Growth in the manufacturing sector, pre-engineered building and component demand, and advances in the metal fabrication business, are the key market drivers enhancing the market growth.Type: Secondary Research, Primary Research, MRFR Database and Analyst Review

Coated Abrasives Market Trends

• 
  

  Growth in the metal fabrication industry is driving the market growth

  
  

One of the main factors influencing the market is growth in the metal fabrication industry as a result of increased demand for pre-engineered buildings & components and advances in the manufacturing sector. The expanding demand from numerous end-use industries, such as the medical, agricultural, automotive, and aerospace industries, is another factor fueling the rise of the metal fabrication industry. The industry is also subject to ongoing change as a result of evolving technologies and a lack of competent employees. The industry for electric cars (EVs) is anticipated to increase, which will further fuel market expansion. The largest vehicle factory in North America, for instance, is Tesla, Inc.'s Fremont facility in California. Rivian Automotive stated in August 2021 that it would spend USD 5.0 billion building a car facility in Fort Worth, Texas. Both the need for EVs and the number of charging outlets for them are rising in the United States. In consequence, it is projected that this would increase the consumption of abrasives in the years to come. Additionally, the expansion of the manufacturing sector in Asia's developing nations is driving rising demand for super abrasives. For instance, in order to entice investments in the production of mobile phones and electronic component units, the Government of India announced production-linked incentives for large-scale electronic products makers over the following five years in April 2020. Such measures help the nation's industrial sector thrive, which in turn helps the market expand.

The market is expanding significantly because to the rising demand for coated abrasives with PSA support. Because they provide more simplicity in the mounting of sanding discs, rolls, and sheets, pressure-sensitive adhesives (PSA) are becoming more and more prevalent. However, coated abrasives continue to frequently use paper and cloth as base materials. Many suppliers produce coated abrasives with PSA backing, including Saint-Gobain and CUMI. These products are mostly used for orbital sanding to finish flat stock wood components, blending welds and flaws in auto body shops, and removing paint and primer in vehicle refinish shops.

Use of PSA-backed coated abrasives makes mountings on disc sanders, orbital sanders, and rotary sanders simple and convenient. These coated abrasives guarantee protection from dust and moisture and extend the life of the disc. As a result, any surface, flat or curved, can be consistently ground, sanded, and polished thanks to the equally applied adhesive layer. During the anticipated period, these variables are anticipated to fuel market expansion.

Cutting tool applications are expanding, and this is the main trend propelling market expansion. To increase the effectiveness and performance of cutting tools while maintaining their original form and razor-sharp edges, strong materials are used in their construction. The cutting tool industry was very interested in grinding wheels for the same reason. During the forecast period, the demand is anticipated to be driven by improvements in coated abrasive materials for these applications and the creation of sophisticated equipment that enables the use of coated abrasives in cutting tool applications.Thus, driving the Coated Abrasives market revenue.

Coated Abrasives Market Segment Insights

Coated Abrasives Type Insights

The Coated Abrasives market segmentation, based on Type, includes Aluminum Oxide, Silicon Carbide, Zirconia Aluminum Oxide, Ceramic Aluminum Oxide, Garnet, and Emery. Aluminum oxide segment accounted for the largest revenue share in 2022. This is explained by the rising demand for coated abrasives across a wide range of application fields.

Coated Abrasives Application Insights

The Coated Abrasives market segmentation, based on Application, includes Metalworking, Woodworking, Automotive, Electronic & Semiconductors, Aerospace & Defense, and Others. Automotive segment dominated the Coated Abrasives market in 2022.Abrasives are utilised in the automotive sector for a variety of tasks like coarse and lacquer sanding. Super abrasives are also preferred for grinding and polishing in order to enhance the surface quality of automotive components.

Figure 1: Coated Abrasives Market, by Application, 2022 & 2032 (USD Billion)Type: Secondary Research, Primary Research, MRFR Database and Analyst Review

Coated Abrasives Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific Coated Abrasives market dominated this market in 2022 (45.80%). Infrastructure upgrades, increasing manufacturing sector investments, and a rise in EV production in the region's developing countries are expected to boost market expansion throughout the course of the projected period. Potential markets for abrasives include in Southeast Asian nations. According to the General Statistics Office of Vietnam, for instance, Vietnam's industrial production (annual variation in%) climbed from 2.1 in 2021 to 15.5 in 2022. The expansion of the industrial sector was primarily fueled by growth in the manufacturing and processing sectors. The nation's industrial sector has changed, which has led to a rise in product demand. Moreover, China’s Coated Abrasives market held the largest market share, and the Indian Coated Abrasives market was the fastest growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: COATED ABRASIVES MARKET SHARE BY REGION 2022 (USD Billion)Type: Secondary Research, Primary Research, MRFR Database and Analyst Review

The North America Coated Abrasives Market is expected to register significant growth from 2023 to 2032. This is due to the escalating product demand from the aerospace, defence, and automotive industries. The region's increased emphasis on EV production and the restarting of aircraft manufacturing operations are anticipated to be beneficial for market growth in the years to come, notwithstanding the pandemic-related fall in 2020. Further, the U.S. Coated Abrasives market held the largest market share, and the Canada Coated Abrasives market was the fastest growing market in the North America region.

Europe Coated Abrasives market accounted for the healthy market share in 2022.The expansion of the metal fabrication and machining sectors in Europe is anticipated to present firms with lucrative growth prospects.Further, the German Coated Abrasives market held the largest market share, and the U.K Coated Abrasives market was the fastest growing market in the European region.

Coated Abrasives Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Coated Abrasives market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Coated Abrasives industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Coated Abrasives industry to benefit clients and increase the market sector. In recent years, the Coated Abrasives industry has offered some of the most significant advantages to medicine. Major players in the Coated Abrasives market, including Saint-Gobain Abrasives, Inc., 3M, Fujimi Incorporated, TYROLIT Group, Asahi Diamond Industrial Co., Ltd, Cabot Microelectronics Corporation, Jason Incorporated, Robert Bosch GmbH, DEERFOS Co., Ltd., Sia Abrasives Industries AG, Carborundum Universal Limited, DowDuPont, Inc., VSM Abrasives Corporation, Napoleon Abrasives S.P.A, Hermes Schleifmittel GmbH, Sungold Abrasives, Fandeli International Corporation, Schaffner Manufacturing Company Inc., are attempting to increase market demand by investing in research and development operations.

The 3M Company is a producer and distributor of industrial products and services. Advanced materials, display materials and systems, office supplies, home care, home improvement, roofing granules, closure and masking systems, and other products are also part of the company's product portfolio. Aside from that, 3M offers a variety of services, such as health information systems, consumer health, medical, and dental care. It serves clients from a range of sectors, including consumer products, automotive, electronics, healthcare, safety, and energy. The company has manufacturing and conversion facilities throughout the Americas, Europe, the Middle East, Africa, and Asia Pacific. The U.S. city of St. Paul, Minnesota, is where 3M is headquartered. 3M revealed that it has purchased Diamond Productions Inc. in June 2022. The business produces CBN (cubic boron nitride) wheels, ultra abrasive diamonds, and equipment for dimensioning and finishing difficult-to-grind materials.

Compagnie de Saint-Gobain (Saint-Gobain) manufactures building materials and construction-related products. Its product line includes a range of plastics, pipelines and associated goods, building supplies, gypsum, industrial mortar, roofing and exterior wall products. Additionally, the business sells performance polymers, glass textiles, and mineral ceramics. These products are marketed by the company under a number of names, including ADFORS, British Gypsum, Saint-Gobain Gla, and Isover. The automotive, aerospace, health, defence, energy, security, and food and beverage industries all use Saint-Gobain products. Along with its affiliates and subsidiaries, the corporation conducts business throughout the Americas, Europe, the Middle East, Africa, and Asia-Pacific. The headquarters of Saint-Gobain are located in Courbevoie, Ile-de-France, France. Saint-Gobain Abrasives opened a new applications centre in June 2022 to assist metal fabricators with their abrasive difficulties and grow its abrasives business.

Key Companies in the Coated Abrasives market include

• 
  

  Saint-Gobain Abrasives, Inc.

  
  


• 
  

  3M

  
  


• 
  

  Fujimi Incorporated

  
  


• 
  

  TYROLIT Group

  
  


• 
  

  Asahi Diamond Industrial Co., Ltd

  
  


• 
  

  Cabot Microelectronics Corporation

  
  


• 
  

  Jason Incorporated

  
  


• 
  

  Robert Bosch GmbH

  
  


• 
  

  DEERFOS Co., Ltd.

  
  


• 
  

  Sia Abrasives Industries AG

  
  


• 
  

  Carborundum Universal Limited

  
  


• 
  

  DowDuPont, Inc.

  
  


• 
  

  VSM Abrasives Corporation

  
  


• 
  

  Napoleon Abrasives S.P.A

  
  


• 
  

  Hermes Schleifmittel GmbH

  
  


• 
  

  Sungold Abrasives

  
  


• 
  

  Fandeli International Corporation

  
  


• 
  

  Schaffner Manufacturing Company Inc.

  
  

Coated Abrasives Industry Developments

September 2020: Through its Rust-Oleum division, RPM International Inc. purchased Ali Industries, Inc., a significant producer of sandpaper and other goods. By adding abrasives to its array of repair, cleaning, and patch solutions, RPM International hopes to increase the surface preparation capabilities of its Consumer Group business.

Coated Abrasives Market Segmentation

Coated Abrasives Type Outlook

• 
  

  Aluminum Oxide

  
  


• 
  

  Silicon Carbide

  
  


• 
  

  Zirconia Aluminum Oxide

  
  


• 
  

  Ceramic Aluminum Oxide

  
  


• 
  

  Garnet

  
  


• 
  

  Emery

  
  

Coated Abrasives Application Outlook

• 
  

  Metalworking

  
  


• 
  

  Woodworking

  
  


• 
  

  Automotive

  
  


• 
  

  Electronic & Semiconductors

  
  


• 
  

  Aerospace & Defense

  
  


• 
  

  Others

  
  

Coated Abrasives Regional Outlook

• North America




• US


• Canada




• Europe




• Germany


• France


• U.K.


• Italy


• Spain


• Rest of Europe




• Asia-Pacific




• China


• Japan


• India


• Australia


• South Korea


• Australia


• Rest of Asia-Pacific




• Rest of the World




• Middle East


• Africa


• Latin America