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Annual 5.69 Percent Growth Expected for Global Non-Woven Abrasives Market by 2021

According to a report, the India non-woven abrasives market was valued at USD 125.68 million in 2015 is expected to reach USD 176.72 million in 2021 and is anticipated to grow at a CAGR of 5.69% between 2016 and 2021. In term of volume, Indian non-woven abrasives market stood at 54.65-kilo tons in 2015.

Non-woven abrasives are three-dimensional abrasives made up of open nylon filament web to which abrasive grain is bonded. It has many advantages such as resilient, comfortable, waterproof, non-loading and non-rusting due to which it is used in portable grinding, sanding and finishing operations. Non-Woven abrasives are primarily used for cleaning and finishing the metal. It plays the major role to give surface finish and shape for the required material.

Key industry participants include AE Abrasives Edge Pvt. Ltd, Osborn, Steel Shine (Uppal India), Sia Abrasive (A Bosch Company), Samadhan Group, Stacke Abrasives India Pvt. Ltd, Saint-Gobain (Grindwell Norton), Wolcut Abrasives Private Limited, Scrubex Corporation, Amazon Brush Company, Humac Abrasives Private Limited and Mirka Ltd.

Non-woven abrasives are manufactured using different fibers such as nylon fibers and synthetic resins such as phenolic, epoxy, and others. Crude oil is used as raw material in the manufacturing of resins. Therefore, the continuous volatility in crude oil prices affects resin prices and indirectly affects non-woven abrasives industry negatively. Moreover, increasing applications of non-woven abrasives in aerospace and transportation are likely to open new market avenues in the near future.

On the basis of end-user, the Indian non-woven abrasives market is divided into major industries including construction, household, transportation, electronics & semiconductors and other such as industrial application i.e. machinery, medical devices etc. Other segment was a major end-user segment of non-woven abrasives market and constituted 35.14% share of the global demand in 2015. It is expected to continue its dominance in the global market over the forecast period due to the rapidly growing industrial, medical devices and power generation sector among others. Transportation was the second largest end-user segment of non-woven abrasives market. Non-woven abrasives have the variety of applications such as maintenance and repair operations in rail transportation.

Non-woven abrasives market is expected to witness significant growth due to the increasing infrastructure development in Asia Pacific. Rising population in Asia Pacific increases the demand for expenditures on transportation, homes etc.  This simultaneously increases the demand of non-woven abrasives. The major driving factor for non-woven abrasives market is increasing disposable income in developing countries coupled with rising industrial and manufacturing activities under Central Governments such as ‘Make in India’ initiative. In addition, construction is the second largest economic activity in India after agriculture and has been growing rapidly which leads the tremendous growth in non-woven abrasives demand.

Source: http://www.iabrasive.com/articles/annual-5-69-percent-growth-expected-for-global-non-woven-abrasives-market-by-2021

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