Global Coated Abrasives Market Overview:
A coated abrasive is a product that consists of a thin layer of abrasive grain attached to a substrate such as paper and cloth. Coated abrasives come in a variety of forms such as sandpaper sheets, discs, rolls, or belts which are used for grinding and finishing workpieces of materials such as metal, ceramics, glass, plastics, and paint. These factors are anticipated to propel the coated abrasives market over the forecast period.
|Unit||Value (USD Million)|
|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
Rising Applications of Cutting Tools in Various Industries
Market Growth Drivers:
Rising Investments in Innovation and R&D Activities to Improve Efficiency and Enhance the Performance and Increasing Demand from Automotive Industry
Improper or Inadequate Storage Causing Technical Issues Such As Weak Bonds, Curling, Brittleness, and Breakages
Lack of Raw Material and Stringent Regulations Regarding Coated Abrasives and Rising Cost of Raw Materials Required in the Manufacturing of Coated Abrasives
Increasing Extensive Range of Valued Goods and Services of Coated Abrasive and Growing Demand for Pressure Sensitive Adhesive (PSA)-Backed Coated Abrasives
Coated Abrasives is a fragmented market due to the presence of a large number of established competitors. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge
Some of the key players profiled in the report are Sak Abrasives Limited (India), Napoleon Abrasives S.P.A. (Italy), Indasa (Portugal), Klingspor India Pvt. Ltd. (India), Zibo Riken Mt Coated Abrasive Co. Ltd. (China), Alca Tools Ltd (United Kingdom), Vsm Abrasives Corporation (Germany), Wings Abrasives (Turkey), Flexible Abrasives Pvt. Ltd. (India), Santo Abrasives As (India) and Carborundum Universal Limited (India). Considering Market by Components, the sub-segment i.e. Ceramic Grains will boost the Coated Abrasives market. Considering Market by End User Industries, the sub-segment i.e. Wood Industry will boost the Coated Abrasives market. Considering Market by Backing Material, the sub-segment i.e. Paper will boost the Coated Abrasives market.
Latest Market Insights:
In October 2019, SAK Abrasives Acquired Jowitt & Rodgers Co. Jowett & Rodgers is a leading US-based manufacturer of resin-bonded grinding wheels, discs, and segments. The company's products are used in the production of auto parts, bearings, tableware, and hand tools.
What Can be Explored with the Coated Abrasives Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Coated Abrasives Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Coated Abrasives
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Coated Abrasives market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Coated Abrasives market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.