Zion Research has published a new report titled “Non-Woven
Abrasives Market for Construction, Household, Transportation, Electronics &
Semiconductors and Others: India Industry Perspective, Comprehensive Analysis,
and Forecast, 2015 - 2021”. According to the 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.
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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.
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 couple
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.
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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
is 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.
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TOC @ https://www.zionmarketresearch.com/report/non-woven-abrasives-market
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.
This report segments the non-woven abrasives market as
follows:
India Non-Woven Abrasives Market: End-User Segment Analysis
·
Construction
·
Household
·
Transportation
(maintenance, automotive, aerospace etc.)
·
Electronics &
Semiconductors
·
Others (industrial
application i.e. machinery, medical devices etc.)
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