The coated abrasives market is a crucial segment of the industrial and manufacturing sectors, comprising various materials vital for grinding, polishing, and finishing processes. Coated abrasives are made by bonding abrasive grains to a flexible backing, offering diverse applications across numerous industries.
According to a recent analysis, the coated abrasives market is projected to grow significantly in the coming years. The global market was valued at approximately USD 12.4 billion in 2022 and is expected to reach around USD 17.1 billion by 2030, growing at a CAGR of 4.5% from 2025 to 2030. With increasing industrialization and demand for high-performance abrasives, the market is set to witness robust growth.
In terms of volume, the coated abrasives market is expected to reach over 1.9 million tonnes by 2025, driven by growing demand across various sectors. The product segment is expected to drive considerable revenue, with expectations of holding a market share of about 35%-40% by 2025. Various factors, including technological advancements and the introduction of innovative abrasive products, will likely fuel this growth.
By Product Type:
By Key Players:
Major players in the coated abrasives market include:
The coated abrasives market can be segmented based on the processing techniques used:
Different industrial sectors utilize coated abrasives, which can be broken down as follows:
The coated abrasives market's growth is closely tied to end-use industries, including:
Geographically, the coated abrasives market can be segmented as follows:
Recent trends indicate increased focus on sustainability and environmental friendliness within the coated abrasives market. Many companies are investing in eco-friendly materials and processes, aligning with both regulatory requirements and market demand. For instance, 3M has introduced a new line of products with reduced environmental impact. Furthermore, competition is intensifying as major players strive for innovation and cost-effectiveness.
Looking ahead, the coated abrasives market is consolidated to exhibit steady growth during the forecast period, with anticipated market developments as follows:
In conclusion, the coated abrasives market is poised for significant growth, driven by various factors including industrial demand and advancements in technology. For businesses operating in this market, adaptability and innovation will be key to capitalizing on opportunities and navigating potential challenges that may arise. The anticipated growth from 2025 to 2030 will hinge on strategic positioning and responsiveness to shifting market dynamics.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook