A recent report published by Infinium Global Research on non-woven abrasives market provides an in-depth analysis of segments and sub-segments in the global as well as regional non-woven abrasives market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional non-woven abrasives market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global non-woven abrasives market. According to the report, the global non-woven abrasives market is projected to grow at a CAGR of 5.1% over the forecast period of 2019-2025.
Non-woven abrasives material is made from open nylon fiber web with abrasive grain bonded to it. These abrasives are made up of carbides, aluminum oxide, and zirconia. Non-woven abrasives are used for commercial purposes, including polishing of surfaces, honing, buffing, and sanding. These abrasives have many advantages such as water resistance, greater resilience, more comfort, and non-rusting. They are also used in the cookware, aerospace, construction, automotive, and medical industries.
Increasing demand from major end uses such as building & construction, textile, transportation, electrical & electronics, industrial machinery, and others are the major factors for the growth of the non-woven abrasives market across the globe. Furthermore, the increase in global industrial production driven by emerging economies boosts the growth of the market. Growing disposable income in developing countries coupled with increasing industrial and manufacturing activities under Central Governments such as ‘Make in India’ initiative also fuels the market growth. However, fluctuation in crude oil prices affects the resin prices that in turn, affect the prices of non-woven abrasives. This is the major factor in restraining market growth. Furthermore, the rise in the application of non-woven abrasives in the transportation industry creates an opportunity for the growth of the non-woven abrasives market in the next few years.
In terms of region, the global non-woven abrasives market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Among all, Asia Pacific is leading the global market and is expected to dominate the non-woven abrasives market during the forecast period. This is primarily due to the increase in infrastructure development in the region. India and China are the leading markets in the region due to the increasing demand for the product by major and emerging end-use industries such as electrical & electronics and automotive, along with building & construction. On the other hand, North America is expected to be the second-largest region in the non-woven abrasives market over the forecast period. This is mainly due to the growing transportation industry and reconstruction activities in this region.
The report on global non-woven abrasives market covers segments such as type and application. On the basis of type, the sub-markets include hand pads and rolls, belts, discs, rolls, and wheels. On the basis of application, the sub-markets include household, electronics & semiconductors, transportation, construction, and industrial.
The report provides profiles of the companies in the market such as Mirka Ltd., DEWALT, The 3M Company, sia Abrasives Industries AG, ARC ABRASIVES, INC., Zhengzhou Kingshark Abrasives Co., Ltd., Kanai Juyo Kogyo Co., Ltd, Hermes Schleifmittel GmbH, NIHON KENSHI Co., LTD, Jiangsu Sanling Abrasive Co., Ltd., and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of non-woven abrasives market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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