Our latest research report entitled Non-woven Abrasives Market (by type (hand pads and rolls, belts, discs, rolls, wheels), application (household, electronics, semiconductors, transportation, construction, industrial)) provides complete and deep insights into the market dynamics and growth of Non-woven Abrasives. Latest information on market risks, industry chain structure Non-woven Abrasives cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Non-woven Abrasives growth factors.
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Increase in Global Industrial Production Driven by Emerging Economies Boosts the Growth
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.
Asia Pacific is Leading the Global Market
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.
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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.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/chemical-material/global-non-woven-abrasives
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Non-woven Abrasives.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market.
- The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.