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Global Coated Abrasives Market Size, Share, Report, Key Players, Growth, Trends, Forecast 2024-2032

11-28-2023 11:54 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Expert Market Research

Global Coated Abrasives Market Size, Share, Report, Key

According to the report by Expert Market Research (EMR), the global Coated Abrasives Market Size reached a value of approximately USD 9.45 billion in 2023. Aided by the rising demand for high-efficiency abrasion materials and the increasing applications of coated abrasives across diverse industries, the market is projected to further grow at a CAGR of 6.50% between 2024-2032 to reach a value of USD 13.71 billion by 2032.

Coated abrasives refer to abrasive grains bonded to a flexible substrate using adhesives. Commonly available in the form of sheets, belts, discs, and rolls, coated abrasives play an integral role in several applications, including grinding, sanding, polishing, and finishing. With their ability to deliver uniform and consistent results, they are a preferred choice across a range of industries, such as automotive, metalworking, woodworking, electronics, and construction.

The growing preference for high-efficiency abrasion materials is propelling the global coated abrasives market growth. With industries striving to improve operational efficiency and product quality, the demand for advanced abrasives that can deliver superior performance is on the rise. This trend, combined with the advantages of coated abrasives - such as enhanced durability, flexibility, and wide range of grit sizes - is fuelling the market growth.

Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/coated-abrasives-market/requestsample

The widening applications of coated abrasives in various industries are also contributing significantly to the coated abrasives market expansion. In the automotive industry, coated abrasives are indispensable in several processes, including deburring, paint removal, surface preparation, and finishing. They are used extensively in the metalworking industry for applications such as cutting, grinding, and polishing metals. Meanwhile, the woodworking industry utilises coated abrasives for sanding and finishing wooden surfaces. These diverse applications underscore the vital role of coated abrasives in industrial processes.

Further, technological advancements and innovation in abrasive materials are bolstering the coated abrasives market growth. The development of new manufacturing techniques and materials that improve the performance and longevity of coated abrasives is driving their adoption across industries. For instance, the incorporation of superabrasive grains, such as diamond and cubic boron nitride, into coated abrasives enhances their cutting efficiency and lifespan, making them more cost-effective and desirable for industrial use, accelerating the coated abrasives market development.

Coated Abrasives Market Segmentation

The market can be divided based on product type, application, and region.

Market Breakup by Product Type

Super
Coated
Bonded

Market Breakup by Application

Aerospace
Automotive
Metal Fabrication
Electrical and Electronics Equipment
Machinery
Others

Market Breakup by Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/coated-abrasives-market

Competitive Landscape of Coated Abrasives Market

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global coated abrasives companies. Some of the major key players explored in the report by Expert Market Research are as follows:

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

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Media Contact:

Company Name: Claight Corporation
Contact Person: Tom Anderson, Corporate Sales Specialist - U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com

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Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.

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