PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1321629
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1321629
Non-woven abrasives market is projected to grow at a steady pace. It refers to a web of nylon fibers or other synthetic materials impregnated with abrasive grains and bonded with synthetic resins. These products are ideal for cleaning, deburring, blending, finishing, grinding, sanding, and surface prep. These products are often used in industrial processes to clean and give metal parts a finishing look. The non-woven abrasives market can be classified in the following ways: by product, substrate, application, and geographic region. The major drivers for the growth of the non-woven abrasives industry include increased demand in several booming industries such as automotive and construction.
The non-woven abrasives market is classified by product types as hand pads, belts, discs, rolls, wheels, and others. Non-woven discs are commonly used as backing material for abrasive products and can produce good quality smoothness in surfaces using sandpapers, grinding wheels, etc. These products hold a significant share of the non-woven abrasives industry due to their applications in surface conditioning and polishing for personal or commercial use.
The increase in construction activities, including residential and commercial constructions, owing to the rising population and increasing urbanization, will help boost the demand for non-woven abrasives in this sector, especially in developing countries. The growing demand for consumer electronics by end-users and semiconductors by manufacturers in various industries will also help increase the non-woven abrasives market size in the electronics & semiconductors segment. The transportation sector demand is also expected to grow after taking a hit due to lockdown restrictions.
The growth of the electronics and electrical industries helps raise the demand for non-woven materials, as some of these electronic devices and electrical applications in the electrical units are made up of non-woven abrasive materials. This increase in the demand for non-woven materials leads to a growth in the non-woven abrasives market size. There is also a great demand for non-woven abrasives from several end-use industries, such as construction, textiles, manufacturing, and industrial machinery. Increasing urbanization and rising living standards are also contributing to the demand for non-woven abrasives by raising the demand for infrastructural developments and residential constructions, where non-woven abrasives are used extensively.
Non-woven abrasives have multiple uses in the automotive industry, such as for automobile engines, interior and exterior body works, etc. As the demand for automobiles increases, the need for non-woven abrasives will increase proportionately by automobile manufacturers and automotive parts suppliers. Key businesses in the non-woven abrasives market have witnessed a rise in revenues over the past few years due to such efforts. For instance, 3M had an increase in the safety and industrial business segment revenue of over 3% from 2021 to 2022 and produced revenues of roughly US$11,604 million in 2022, with gains from the sale of abrasives accounting for 12% of that figure.
A significant challenge faced by this industry relates to the fluctuating costs of abrasive materials and other components, which hinders the non-woven abrasives market growth as it negatively impacts profitability. The prices of resins are based upon the crude oil prices in the global markets, which fluctuate frequently due to macroeconomic factors. This leads to price instability for non-woven abrasives as resins are required for their production. This can hamper the profitability prospects of suppliers. Thus, this is a very important factor that hinders the growth of the non-woven abrasives industry and restricts market expansion.
Asia Pacific is expected to constitute a significant share of the non-woven abrasives market, and similar trends are expected to be followed in the forecast period. This market share can be attributed to the growth in automotive and industrial sectors in the region's major economies, such as China, India, and Japan. China is considered a major manufacturing hub and holds one of the largest electronics production bases in the world. These are two key factors that will contribute to the increase in the non-woven abrasives demand by several industries, such as electronics and automotive, in Chinese markets.
In India, the focus on self-reliance has led to an increase in industrial growth all across the nation, which is driving the demand for non-woven abrasives proportionately. Asian countries also account for a large proportion of the world's population, with an increasing percentage leading toward an urbanized way of living. This leads to increased construction and building activities in these regions, further increasing the demand for non-woven abrasives and adding to the non-woven abrasives market value.