Coated Abrasives Market demand, growth rate, supply, competitor and forecast to 2023 explored in latest research
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,
(EMAILWIRE.COM, June 20, 2018 ) Woodridge, USA Jun 2018(News) - 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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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.
Key findings
On the basis of types, aluminium and silicon carbide coated abrasives dominate the market in terms of value and volume, together both the segments account for 71.2% of the revenue share of the global coated abrasives market. Based on the applications, metalworking and woodworking segments accounts for largest market shares, together the segments account for more than one-third of the revenue generated in the coated abrasives market. Furthermore, the electronic & semiconductor segment offers lucrative opportunities with increasing demand for coated abrasives for precision grinding. Regionally, Asia-Pacific is the dominating market for coated abrasives followed by Europe and North America. Asia-Pacific market is expected to maintain its dominance throughout the forecast period in terms of value share, expanding at a CAGR of ~7%.
Key Players:
• The global coated abrasives market is dominated by the tier 1 manufactures operating in the market
• 3M
• CUMI
• Sia Abrasives AG
• KLINGSPOR
• Hermes Schleifmittel GmbH
• VSM AG among others.
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Market Segmentation:
Global coated abrasives market is segmented on the basis of types and applications. On the basis of types, the market is segmented into –– Aluminium Oxide, Silicon Carbide, Zirconia Alumina, Ceramic Alumina, Emery, and Garnet of which aluminium oxide and silicon carbide accounts for significant market shares in the global coated abrasives market. On the basis of applications, the market is segmented into –– Metalworking, Woodworking, Automotive, Electronics & Semiconductors, Aerospace & Defense, and others. Metalworking segment accounts for the largest market share among all the applications.
Intended Audience:
• Coated Abrasives Manufacturers
• Coated Abrasives Suppliers & Traders
• Abrasive Grain Manufacturers
• Market Research and Consulting Service Providers
DC Description:
• Coated Abrasives
• Aluminium Oxide
• Silicon Carbide
• Abrasive Grains
• Precision Grinding.
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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.
Key findings
On the basis of types, aluminium and silicon carbide coated abrasives dominate the market in terms of value and volume, together both the segments account for 71.2% of the revenue share of the global coated abrasives market. Based on the applications, metalworking and woodworking segments accounts for largest market shares, together the segments account for more than one-third of the revenue generated in the coated abrasives market. Furthermore, the electronic & semiconductor segment offers lucrative opportunities with increasing demand for coated abrasives for precision grinding. Regionally, Asia-Pacific is the dominating market for coated abrasives followed by Europe and North America. Asia-Pacific market is expected to maintain its dominance throughout the forecast period in terms of value share, expanding at a CAGR of ~7%.
Key Players:
• The global coated abrasives market is dominated by the tier 1 manufactures operating in the market
• 3M
• CUMI
• Sia Abrasives AG
• KLINGSPOR
• Hermes Schleifmittel GmbH
• VSM AG among others.
Ask For Report Discount: https://www.prominentmarketresearch.com/discount-report/181
Market Segmentation:
Global coated abrasives market is segmented on the basis of types and applications. On the basis of types, the market is segmented into –– Aluminium Oxide, Silicon Carbide, Zirconia Alumina, Ceramic Alumina, Emery, and Garnet of which aluminium oxide and silicon carbide accounts for significant market shares in the global coated abrasives market. On the basis of applications, the market is segmented into –– Metalworking, Woodworking, Automotive, Electronics & Semiconductors, Aerospace & Defense, and others. Metalworking segment accounts for the largest market share among all the applications.
Intended Audience:
• Coated Abrasives Manufacturers
• Coated Abrasives Suppliers & Traders
• Abrasive Grain Manufacturers
• Market Research and Consulting Service Providers
DC Description:
• Coated Abrasives
• Aluminium Oxide
• Silicon Carbide
• Abrasive Grains
• Precision Grinding.
Buy Report: https://www.prominentmarketresearch.com/checkout/181
About Prominent Market Research:
At Prominent Market Research, we are committed to provide the best possible service and recommendations to all our customers. You will be able to speak to seasoned analyst who will understand your research needs accurately. We make it our business to look after yours, with an efficient and friendly team always available to help you.
Contact Us:
Tel - +1-815-957-4373
Email- sales@prominentmarketresearch.com
Contact Information:
Prominent Market Research
Robin
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Prominent Market Research
Robin
Tel: +1-815-957-4373
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results