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Global Non-woven Abrasives Market is Projected to Reach USD 1,798 million by 2024

Author: QYResearch | Publish date: 2018-05-30 | Views: 38
The Non-woven Abrasives industry was 1319 million USD in 2017 and is projected to reach USD 1798 million USD by 2024, at a CAGR (Compounded Annual Growth Rate) of 4.6% between 2017 and 2024. The market is driven by various end-user industries, such as Machinery and Automobile.

The industry is concentration, the key brand includes 3M, Saint-Gobain Abrasives, Hermes Abrasives, Dewalt, Arc Abrasives, Mirka, Sia Abrasives, Klingsporand so on. Among them, 3M and Saint-Gobain Abrasives are the leaders.

 

The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

 

In consumption market, the growth rate of global consumption is smooth relatively. China is still the mainly consumption regions and the fastest region due to the developed downstream market and rapid development of economy.

 

Non-woven Abrasives can be classified as six types according to the use method and shape, include Non-Woven Rolls, Non-Woven Discs, Non-Woven Wheels, Non-Woven Belts, Non-Woven Flap Wheels and Hand Pads. It can be widely used in many industries. Survey results showed that 31% of the Non-woven Abrasives market is Machinery industry, 20% is used in Automobile industry.

 

The Global Non-woven Abrasives Market Research Report 2017 report released by QYResearch provides a basic overview of the Non-woven Abrasives industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.


The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Non-woven Abrasives industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.


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