Global Coated Abrasives Market Report and Forecast 2023-2028

2023-10-12 16:13:19

According to the report the global coated abrasives market reached a value of approximately USD 9.45 billion in 2022. 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 6.32% between 2023 and 2028 to reach a value of USD 13.71 billion by 2028.

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.

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.

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