MRO Magazine

Increased Demand from Transportation Sector Will Enhance the Global Coated Abrasives Market Through 2019: Technavio


August 18, 2015
By Business Wire News

LONDON

Technavio has published a new report on the global coated abrasives market,which is expected to grow at a CAGR of nearly 7% from 2015-2019.

About the Report

The latest report by Technavio draws attention towards the increased demand for coated abrasives from transportation sector, as coated abrasives are used extensively in the transportation sector for finishing and grinding.

“With annual sales in the global automobile market set to reach 103.50 million vehicles by 2018, the demand for coated abrasives from this sector is expected to increase at a fast pace. The railway sector is also a key emerging end-user of coated abrasives,” says Faisal Ghaus, Vice President of Technavio.

The latest report by Technavio also highlights the introduction of innovative products by manufacturers of coated abrasives to increase their revenue and remain competitive in the market.

“Forward integration in the production value chain is one of the major steps being adopted by vendors to enhance sustainability in the market,” adds Ghaus.

Market Scope and Calculation of Market Size

The new Technavio report covers the present scenario and growth prospects of the global coated abrasives market from 2015-2019. The report considers the revenue generated through the sales of coated abrasives to determine vendors’ market shares and to calculate the size of the global coated abrasives market.

Key Information Covered in the Report:

  • Key Vendors:
    • 3M
    • Bosch
    • Henkel
    • Hermes Schleifmittel
    • KWH Group
    • Saint-Gobain
    • Tyrolit
  • Market Growth Drivers:
    • Growing demand for PSA-backed coated abrasives
    • For a full detailed list, view our report.
  • Market Challenges:
    • Declining demand for natural grain-based coated abrasives
    • For a full detailed list, view our report.
  • Market Trends:
    • Emergence of China as a major consumer and producer
    • For a full detailed list, view our report.

Technavio currently has more than 3000 market research reports on a huge range of topics, including 300+ reports on the coatings market:

If you are interested in more information, please contact our media team at media@technavio.com.

Technavio Research
Jesse Maida
US: +1 630 333 9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com