Non-Woven Abrasive Market To Expand At A CAGR of 4.6% During The Forecast Period (2022-2030) – Avers MRFR

Pune, India, June, 2018 /press release/- Market Research Future Published a Half Cooked Research Report on Global Non-Woven Abrasive Market Research Report.

Market Scenario

Non-woven abrasives are three-dimensional abrasives that are made up of open nylon filament web with abrasive grains such as aluminum oxides, carbons, diamond and zirconia bonded to the filament web. They are primarily used for cleaning and for surface finishing of metal parts. 

Market Research Future (MRFR) has recently published a report asserting the expansion of the global non-woven abrasive market at a noteworthy CAGR of 4.6% during the forecast period of 2022-2030.

Market Drivers:

The rising industrial and manufacturing activities in the developing economies, expansion of transportation and automobiles industries are some of the major factors inducing the demand for non-woven abrasives in the global market. The adoption of non-woven abrasives in the aerospace industry is likely to open new avenues for the expansion of the global non-woven abrasives market.  The rapidly increasing demand for portable and other electronic devices due to the expansion of electrical and electronics industry is increasing the zone for application of non-woven abrasives in this industry. This is acting as an important factor driving the global non-woven abrasive market. The application of non-woven abrasives in major industries such as aerospace, automotive, construction, healthcare and cookware industries are fueling the expansion of the global non-woven abrasive market.

Market Restraints:

Non-woven abrasives are manufactured using nylon filaments and polymer resins such as phenolic, epoxy and others. Crude oil is used as a raw material for making polymer resins. Hence, the rising price of crude oil is likely to affect the global non-woven abrasive market negatively.

Market Segmentation:

The global non-woven abrasive market has been segmented on the basis of target substrate and end use. On the basis of target substrate, the global market is segmented into metal, glass, plastic, composite, and wood. On the basis of end use, the non-woven abrasive market is segmented into transportation, building and construction, electrical and electronics, industrial machinery and others. Among these, the transportation segment is anticipated to expand at the highest CAGR during the forecast period and electrical and electronics segment is anticipated to witness significant growth in the global non-woven market during 2017-2023.

Detailed

Regional Analysis:

By region, the global non-woven abrasive market has been segmented into five major regions such as Asia-Pacific, North America, Europe, Middle East and Africa and Latin America. Among these regions, Asia-Pacific is considered to be both largest and fastest growing region and it accounts for the 40% market share of the global non-woven abrasive market. The surge in demand for the non-woven abrasives by the major end-use industries such as electrical and electronics, automotive, building and construction and others are driving the market for non-woven abrasives in this region.

Due to the expansion of transportation industry and construction activities, North America is considered to be the second most sustainable region in the global non-woven abrasive market. Europe, being the leading region for the automobile production industry, is considered to be a significant region owing to the large market size in the global non-woven abrasive market.

The non-woven abrasive market in the Middle East and African region is anticipated to expand significantly with a noteworthy CAGR during the forecast period. The pacifying political and economic instabilities are fueling the expansion of non-woven abrasives market in the region of Latin America.

Competitive Analysis:

The competition among the prominent players in the global non-woven abrasive market is being triggered due to the heavy investment by the players for innovation and new product launch in the market. Adoption of advanced technology in order to deliver high-quality product is also stimulating competition among the players of the global non-woven abrasive market.

The leading players in the global non-woven abrasive market are 3M (U.S.), Saint-Gobain 1998-2017 (U.S.), Mirka Ltd. (Canada), sia Abrasives Industries AG (U.K.), DEWALT (U.S.), Hermes Schleifmittel GmbH (Germany), ARC ABRASIVES, INC. (U.S.), Zhengzhou Kingshark Abrasives Co., Ltd. (China), NIHON KENSHI Co., LTD (Japan), Kanai Juyo Kogyo Co., Ltd (Japan), Jiangsu Sanling Abrasive Co., Ltd. (China), and Tailin (Philippines) and others.

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