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Non-woven Abrasives Market Size

Report ID: GMI4703
Published Date: Mar 2023
Report Format: PDF

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Non-woven Abrasives Market Size

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.

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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.

Non-woven Abrasives Market Report Attributes
Report Attribute	Details
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:	Growing manufacturing industry across the globe Upsurge in automobile demand around the world Growing demand for new homes in developing regions
Pitfalls & Challenges:	Price volatility and supply chain issues

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Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of non-woven abrasives crossed USD 1.5 billion in 2022 and is primed to grow at over 5.5% CAGR from 2023 to 2032 propelled by the wide scope of application of these abrasives in various end-use industries including automotive & transportation, household goods manufacturing, and electronics & electric products manufacturing, among others.

The discs segment is projected to progress at a 6% CAGR between 2023 and 2032 as a result of 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.

The transportation end-use segment size is poised to reach USD 880 million by 2032 owing to favorable efforts by public agencies to propel the transportation sector.

APAC market is slated to garner more than USD 1.4 billion by 2032 on account of supportive economic changes, government policies, and improvements in surface finishing technology in the region.