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Non-Woven Abrasives Market size valued at USD 1.5 billion in 2022 and is anticipated to grow at over 5.5% CAGR from 2023 to 2032 driven by the wide scope of application of the product in various end-use industries, including automotive & transportation, household goods manufacturing, and electronics & electric products manufacturing, among others.
The rapidly growing manufacturing sector due to the increasing uptake of consumer goods and commodities creates lucrative growth opportunities for non-woven abrasives market. Furthermore, growing public and residential infrastructure construction as well as the automobile and transportation industries are playing a crucial role in the market's expansion. As per government organization Inegi’s production survey, Mexican construction companies witnessed sizable growth, indicating a linear expansion of the construction sector in the country.
Report Attribute | Details |
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Base Year: | 2022 |
Non-woven Abrasives Market Size in 2022: | USD 1.9 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 5.5% |
2032 Value Projection: | USD 3.2 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 265 |
Tables, Charts & Figures: | 353 |
Segments covered: | Product, End-use, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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Despite a positive outlook for product adoption, the non-woven abrasives market faces a major hurdle owing to cost fluctuations of abrasive materials and components as a result of disruptions in the supply chain across the world. The deployment of these abrasives has recently been affected by geopolitical phenomena between countries. Moreover, high production costs of producing non-woven adhesives requiring specialized machinery are affecting product application. Nonetheless, the proliferation of various industries that are heavily dependent on abrasive resins is escalate the product adoption.
The non-woven abrasives market from the transportation sector is predicted to reach USD 880 million by 2032. Many industrial production processes, such as automotive & transportation, home goods manufacturing, OEM parts & components for different machinery and equipment pieces, and so on heavily rely on metalworking & surface finishing operations. Favorable efforts by government bodies to propel the transportation sector are likely to bolster product adoption. For instance, in August 2022, the U.S. government awarded more than USD 49 million for innovative technologies grants to improve mobility and travel on America’s transit system.
Based on product, the discs segment is poised to register gains at around 6% through 2032 led by the efficient capability of discs to remove surface defects, light edge burs, flashing, rust, oxides, corrosion, parting lines scale, and paint as compared to counterparts such as hand pads & rolls, belts, rolls, and wheels. They remove rust deposits and other residuals easily, making them ideal for the preparation of plastics, concrete, metals, fiberglass, and wood. Additionally, the ease of cutting hardened steel with the help of abrasive discs is providing lucrative opportunities for product adoption.
APAC non-woven abrasives market is slated to cross USD 1.4 billion by 2032 attributed to the booming manufacturing industry in APAC countries. Favorable economic changes, supportive government policies, and improvements in surface finishing technology are fueling industrial sector. The majority of metal components & equipment are produced using subtractive manufacturing techniques based on the highly controlled removal of undesirable materials, which is foreseen to influence market progression.
are some of the key participants involved in the non-woven abrasives market. These firms are focusing on strategic acquisitions and partnerships to attain a competitive edge.
The COVID-19 pandemic had mixed implications for the market scenario. Primarily, there was a decline in demand for non-woven abrasives in several industries, including the automotive and aerospace sectors, and many production facilities were shut down due to stringent lockdowns. On the other hand, the healthcare sector observe an upsurge in the demand for PPEs, such as face masks and protective clothing, which enhance product uptake. In the post-pandemic scenario, shifting trends toward e-commerce and strong online presence and distribution networks are projected to fuel industry growth.
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