Coated Abrasives Market Size to Grow by USD 2.81 bn, 3M Co. and Carborundum Universal Ltd. Among Key Vendors - Technavio

Jul 26, 2022, 21:20 ET

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NEW YORK, July 26, 2022 /PRNewswire/ -- The growth of the coated abrasives market will be driven by factors such as the growing demand for PSA-backed coated abrasives. The popularity of pressure-sensitive adhesives is increasing, as they offer ease of mounting sanding discs, rolls, and sheets. Cloth and paper are widely used as backing materials in coated abrasives. Vendors such as Saint-Gobain and CUMI offer coated abrasives with PSA-backing. Key applications of these products include blending welds and defects in auto body shops, removal of paint and primer in the auto refinish shops and orbital sanding for the finishing of flat stock wood components. PSA-backed coated abrasives protect from dust and moisture and provide longer disc life.

The coated abrasives market size is estimated to grow by USD 2.81 bn from 2019 to 2024. In addition, the growth momentum of the market will accelerate at a CAGR of 4.23% during the forecast period.

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The coated abrasives market report includes information on the product launches, sustainability, and prospects of leading vendors, including 3M Co., Carborundum Universal Ltd., Compagnie de Saint-Gobain SA, Hermes Schleifmittel GmbH, Jason Industries Inc., KWH Group Ltd., Robert Bosch GmbH, Swajit Abrasives Pvt. Ltd., VSM · Vereinigte Schmirgel- und Maschinen-Fabriken AG, and WEEM Abrasives. The key offerings of some of the vendors are listed below:

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Coated Abrasives Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 4.23%

Market growth 2020-2024

USD 2.81 billion

Market structure

Fragmented

YoY growth (%)

3.52

Regional analysis

APAC, Europe, North America, South America, APAC, Europe, North America, South America, APAC, Europe, North America, and South America

Performing market contribution

APAC at 74%

Key consumer countries

China, US, Japan, Brazil, India, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

3M Co., Carborundum Universal Ltd., Compagnie de Saint-Gobain SA, Hermes Schleifmittel GmbH, Jason Industries Inc., KWH Group Ltd., Robert Bosch GmbH, Swajit Abrasives Pvt. Ltd., VSM · Vereinigte Schmirgel- und Maschinen-Fabriken AG, and WEEM Abrasives

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Application

Market Segmentation by Grain type

Market Segmentation by Backing material

Customer landscape

Geographic Landscape

Vendor Landscape

Vendor Analysis

Appendix

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Contact

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com/

SOURCE Technavio