Currently, many companies in the world can produce Non-woven Abrasives product, they mainly concentrating in EU and USA. The main market players are 3M, Saint-Gobain Abrasives etc. In the past five years, the sales volume of Non-woven Abrasives increased to from 389 K MT in 2012 to 490 K MT in 2016, with an average growth rate of 5.92%.
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 major raw material for Non-woven Abrasives is resin and Adhesive. In the global market, supply of raw materials is full. Abrasives mainly concentrated in China, EU, USA and Asia. In the world wide, giant manufactures mainly distribute in those areas.
Study Group believes that the development potential of this industry has a serious space, especially in the case of the development of downstream products with high added value is developed fast.
The global Non-woven Abrasives market is valued at 1320 million US$ in 2017 and will reach 1980 million US$ by the end of 2025, growing at a CAGR of 5.2% during 2018-2025.