Now Available: Global Coated Abrasives Market: Study on Volume and Value Analysis 2015-2019

Abrasives are used in applications such as grinding, abrading, and cleaning of objects to give them the required shape and finish. Coated abrasive, also referred to as a flexible abrasive, consists of a backing of cloth, paper, polyester, or vulcanized fiber; a bonding system; and an abrasive grain coating. They are used in the transportation, machinery, and metal fabrication sectors. Abrasives are used in the production of consumer goods, prosthetics, and implants. Aluminum oxide, silicon carbide, zirconia alumina, and ceramic aluminum oxide are the raw materials used in the production of these abrasives.

Technavio's analysts forecast the global coated abrasives market to grow at a CAGR of 6.74% over the period 2014-2019.

Commenting on the report, an analyst from Technavio's team said: "In 2014, China was the leading producer and consumer of coated abrasives, accounting for more than 35% of worldwide abrasive production and 30% of worldwide consumption. Consumption of coated abrasives has surged in recent times because of the ongoing economic and industrial development in the country. High per capita income and demand for consumer goods have increased the need for coated abrasives in the electronics sector in China. In addition, the rapid growth of the automobile industry in China, resulting from urbanization and the increased influence of the West, will further augment market growth. In 2014, the automobile industry accounted for more than one-third of the volume of coated abrasives produced in China, and this trend is expected to continue during the forecast period."

According to the report, cloth and paper are widely used as backing materials in coated abrasives. However, the demand for products backed with pressure-sensitive adhesive (PSA) is on the rise. Many 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 auto refinish shops, and orbital sanding for the finishing of flat stock wood components.

Further, the report states that issues with quality and productivity during manufacturing have led to the growing adoption of synthetic coated abrasives instead.

The key players in the Global Coated Abrasives Market Study on Volume and Value Analysis are 3M, Bosch, Henkel, Hermes Schleifmittel, KWH Group, Saint-Gobain, SAIT ABRASIVI, STARCKE Abrasives, Tyrolit and Vereinigte Schmirgel-und Maschinen-Fabriken while other prominent vendors include Allied High Tech Products, Almatis, A-One Coated Abrasive, ARC Abrasives, Barton International, Calumet Abrasives, CUMI, Deerfos, Fandeli International, Gemtex, Jiangsu Sanling Abrasive, Johnson Abrasives, Klingspor, Lippert-Unipol, Nippon Resibon, Noritake, Orient Group, Osborn International, Precision Abrasive, Punjab Abrasives, SAK Abrasives, Sankyo-Rikagaku, Schaffner Manufacturing and Union Abrasives

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit - http://www.technavio.com/report/global-coated-abrasives-market-study-on-volume-and-value-analysis-2015-2019

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