Know about Point-Of-Use Coated Abrasive Market (2018-2025) with Growth Factors, Trends, Forecasts and Key Players

Summary:
Abrasive can be defined as substance used for giving shape to any hard material by rubbing the material against the abrasives. The multibillion dollar abrasive industry is broadly classified into three main categories, bonded abrasives, coated abrasives, and super abrasives. Each category having nearly equal dominance in the industry. In terms of value share, the coated abrasives accounted for slightly above on-third of the global abrasives revenue. The impetus factors pulsating the growth of coated abrasives market includes, the augmenting demand for strong and durable tools for versatile applications such as cutting, sharpening and precise grinding across an array of industries. The demand for coated abrasives is concentrated among the various industries such as, metalworking, woodworking, automotive, electronics & semiconductors, and aerospace & defense among others, of which, the metalworking and woodworking industry accounts for nearly 60% of the overall revenue in the coated abrasives market. Furthermore, considerable spending on grinding wheels; USD 148 million in 2014, which is expected to reach approximately USD 220 million by 2020 can be further attributed to the rise of coated abrasives in the metalworking industry.

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The economic slowdown in 2008, which had an adverse effect on the different business sectors such as, construction and automotive among other industries is regaining pace its pace. The housing market which crashed immensely during the crisis, especially in the developed markets like US and Europe is slowly regaining its pace, which in turn is boosting the demand for coated abrasives in the woodworking and construction sector in the developed markets. Also, the crude oil prices witnessed historic low, which in turn witnessed surge in automotive production both in the developing and developed nations. Altogether, considering the abovementioned factors, the global coated abrasives market is foreseen to grow substantially during the forecast period. According to MRFR analysis, the global coated abrasives market was valued at USD 10,233.3 million in 2016 and is expected to be valued at USD 14,671.2 million by the end of 2022, expanding at a CAGR of 6.3%.

Topmost Leading Manufacturer Covered in this report:
Saint-Gobain, 3M, CUMI, Sia Abrasives AG, KLINGSPOR, Hermes Schleifmittel GmbH, and VSM AG among others

Global Coated Abrasive Market: Product Segment Analysis:
Aluminium Oxide, Silicon Carbide, Zirconia Alumina, Ceramic Alumina, Emery, and Garnet

Geographically it is divided Coated Abrasive market into seven prime regions which are on the basis of sales, revenue, and market share and growth rate.
North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

The report typically features the competitive analysis of the global Coated Abrasive market which uncovers the leading competitors involved in marketing and selling of market products. Readers of this report will get detailed and comprehensive information on the market. It additionally provides a precise analysis of the parent market based on the historical, current, and the future data, which will build the overall revenue and allows key players to make informed business decisions. The study reports further highlights on the developments, CAGR, innovations, plan executions, and dynamic structure of the market. Through SWOT (Strengths, Weaknesses, Opportunities, and Threats) and PEST (Political, Economic, Socio-cultural and technological) analysis help readers to accept the facts pertaining to the market layout.

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Key questions answered in this report:

1. What will be the market size by the end of the forecast period?
2. What are the factors driving the growth of the market?
3. What are the trends and developments that are likely to drive the growth of the market?
4. Who are the key players operating in the market?
5. What are the challenges, threats, and opportunities faced by the leading players?
6. What are the strengths and weaknesses of the key players of the market?

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