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China Coated Abrasive Cloth Market Global Outlook and Forecast 2024-2030

China Coated Abrasive Cloth Market Global Outlook and Forecast 2024-2030

  • Category:Chemicals and Materials
  • Published on : 16 October 2024
  • Pages :205
  • Formats:
  • Report Code:24MRES-8013122
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The China Coated Abrasive Cloth market size was valued at US$ 1.23 billion in 2024 and is projected to reach US$ 1.68 billion by 2030, at a CAGR of 5.3% during the forecast period 2024-2030.
Coated Abrasive Cloth consists of a flexible cloth backing coated with abrasive materials, offering durability and flexibility for various grinding, sanding, and polishing applications in metalworking, woodworking, and other industries.
China's Coated Abrasive Cloth market is experiencing steady growth, driven by the country's robust manufacturing sector and increasing automation in industrial processes. In 2023, China produced approximately 950 million square meters of coated abrasive cloth, with 80% consumed domestically and 20% exported. The metalworking industry remains the largest consumer, accounting for 45% of demand, followed by woodworking at 25% and automotive at 20%. The market saw a significant boost from China's push towards high-end manufacturing, which led to a 18% increase in demand for precision abrasive cloths in 2023. Technological advancements have focused on developing more durable and efficient abrasive grains, with new synthetic diamond and ceramic alumina products offering 40% longer lifespan and 25% faster material removal rates compared to 2020 standards. The market is witnessing strong growth in non-woven abrasive cloths, increasing at 10% annually, driven by their versatility and consistent finish quality. In 2023, new environmental regulations led to a 30% increase in the adoption of water-based resin systems for abrasive cloth production. The industry faces challenges from the development of alternative surface treatment technologies, but the growing emphasis on surface quality in high-tech industries continues to drive demand. Emerging applications in aerospace component manufacturing are showing promise, with ultra-fine grit abrasive cloths growing at 15% CAGR, albeit from a small base of 3% market share. Looking ahead, the market is expected to benefit from China's investments in renewable energy infrastructure, with specialized abrasive cloths for wind turbine blade production and maintenance projected to grow at 12% CAGR through 2030.

This report contains market size and forecasts of Coated Abrasive Cloth in China, including the following market information:
•    China Coated Abrasive Cloth Market Revenue, 2019-2024, 2024-2030, ($ millions)
•    China Coated Abrasive Cloth Market Sales, 2019-2024, 2024-2030,
•    China Top five Coated Abrasive Cloth companies in 2023 (%)

Report Includes

This report presents an overview of China market for Coated Abrasive Cloth , sales, revenue and price. Analyses of the China market trends, with historic market revenue/sales data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.

This report focuses on the Coated Abrasive Cloth sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the China Coated Abrasive Cloth market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues.

This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type, and by Sales Channels, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Humidifier sales, projected growth trends, production technology, sales channels and end-user industry.

Segment by Type

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TABLE OF CONTENTS

1 STUDY COVERAGE


1.1 Coated Abrasive Cloth Product Introduction


1.2 Market by Type


1.2.1 Chinan Coated Abrasive Cloth Market Size Growth Rate by Type, 2019 VS 2023 VS 2030

1.2.2

LIST OF TABLES & FIGURES



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