May 21, 2020   SOURCE: BusinessWire

Coated Abrasives Industry Worth $14 Billion in 2020 - Detailed Insights Into Global & Regional Market Statistics, Companies and Growth Prospects - ResearchAndMarkets.com

The "Global Coated Abrasives Market Size Forecast to 2028 - Trends, Analysis and Outlook by types, applications, material and Geography" report has been added to ResearchAndMarkets.com's offering.

Key Insights from the Global Coated Abrasives Market

  • The Global Coated Abrasives market is valued at $14 billion in 2020.
  • Aluminum oxide is the dominant type of Coated Abrasives.
  • Fiber backing material-based coated abrasives is the dominant type.
  • Coated abrasives market in the transportation industry is the dominant segment.
  • Europe is the largest market for Coated Abrasives.

The $14 billion Coated Abrasives industry presents strong investment and growth opportunities over the near to long term outlook period. The 2020 edition of the market report presents a comprehensive analysis of the global Coated Abrasives market from 2020 to 2028. This market research report presents detailed Coated Abrasives market analysis, and forecasts to 2028. Detailed insights into global and regional Coated Abrasives market statistics, Coated Abrasives companies and growth prospects across verticals are included.

Coated Abrasives Market Overview and Developments in 2020

The report presents a snapshot of recent market trends in the Coated Abrasives industry. Further, potential market drivers, major challenges, opportunities, major developments, competitive strategies, Porter's five forces analysis, and other analysis are included in the research.

Impact of COVID-19 on Global Coated Abrasives Market Revenue

The worldwide crisis of COVID-19 is leading to calls for action from a wide range of stakeholders including manufacturers, vendors, distributors, and consumers. Decline in business for at least three months during 2020 coupled with lower demand from a few major markets has put pressure on the profitability of Coated Abrasives manufacturers and vendors. However, we expect the negative impact of COVID-19 on Coated Abrasives to be compensated over the medium to long term future.

Coated Abrasives Market Size and Outlook by Type to 2028

This chapter presents an insight into different Coated Abrasives types and their contribution to global market growth. The growth in global Coated Abrasives market size is forecast to continue despite the economic challenges. The report forecasts the Coated Abrasives market revenue across different types, which include - Aluminum oxide, Ceramic, Silicon carbide, Alumina zirconia, Others. Of these, Aluminum oxide dominates the global Coated Abrasives market.

Coated Abrasives Market Size and Outlook by Material to 2028

A long-term perspective indicates that Fiber backing material-based coated abrasives dominate the Coated Abrasives market. The industry is classified into different materials including Fiber, Paper, Cloth, Polyester, Cotton, Others.

Coated Abrasives Market Share and Outlook by End-user Industry to 2028

The research suggests that there is a strong case for the development of new applications of Coated Abrasives worldwide. Different application segments analyzed in the report are Transportation, Machinery, Metal Industry, Consumer goods, others. The study identifies that transportation application has the most substantial value-creation potential.

Global Coated Abrasives Company Profiles

The report presents business profiles of major companies operating in the industry including The 3M Company, Robert Bosch, Hermes Schleifmittel, KWH Group, Saint-Gobain Company.

The business overview, SWOT profile and product information are provided for all the companies.

The report identifies that the development of new applications and product portfolio is one of the key strategies to overcome identified challenges and for supporting continued growth. Manufacturing companies can also benefit from rising domestic demand in chemical end-use sectors. The majority of the companies are realigning their strategies to orient their business operations to changing market volatility, regulatory policy changes, geopolitical issues, changing end-user preferences, and others.

Scope of the Research

  • Global and regional Coated Abrasives Market Size estimates in revenue terms from 2019 to 2028.
  • Segmentation analysis across types, applications, and geographies.
  • Strategic analysis through trends, drivers, challenges, opportunities, Porter's five forces analysis.
  • Market Developments including M&A, new product development, and competitive analysis.
  • Potential strategies of leading companies.

For more information about this report visit https://www.researchandmarkets.com/r/fvt1qa