Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 185.54 Million | USD 275.02 Million | 4.47% | 2023 |
According to a report from Zion Market Research, the global India Non-Woven Abrasives Market was valued at USD 185.54 Million in 2023 and is projected to hit USD 275.02 Million by 2032, with a compound annual growth rate (CAGR) of 4.47% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the India Non-Woven Abrasives Market industry over the next decade.
Non-Woven Abrasives material may be a three-dimensional abrasive, made up of open nylon filament web with abrasive grain bonded thereto. Non-Woven Abrasives are manufactured when abrasive grains are fused with nylon fibers and are bonded alongside the assistance of synthetic resins like phenolic, epoxy, and others. These abrasives are made from alumina, carbides, diamonds, and zirconia. It comes with many advantages like greater resilience, more comfort, water resistance, and non-rusting owing to which it's majorly utilized in portable grinding, sanding, and finishing operations.
Non-Woven Abrasives are primarily utilized in a variety of commercial applications like cleaning and finishing metal parts. It plays an important role in giving surface finish and shape for the specified material. Non-Woven Abrasives are used for commercial purposes during several major industries like aerospace, automotive, construction, cookware, and medical industries, wherein it's used for polishing of surfaces, buffing, honing, and sanding of the substrate material.
The COVID-19 outbreak has hit airports and other commercial platforms hard which could stall development in emerging markets. As a result, aviation, railways, and roadways have fallen sharply, which has prompted to chop capacity. Many are closed by governments to contain the spread of the virus. The result's a pointy fall in revenues of this market. Given the importance to all to the economic development of cities, countries, and regions, the broader impact of COVID-19 on the worldwide economy is enormous.
Increasing population, rapidly growing urbanization, a better number of international airports, hotels, and hospitality are driving the expansion of the India Non-Woven Abrasives market. Non-woven abrasives are manufactured using different fibers like nylon fibers and artificial resins like phenolic, epoxy, and others. Petroleum is employed as a staple within the manufacturing of resins. Therefore, the continual volatility in petroleum prices affects resin prices and indirectly affects the non-woven abrasives industry negatively. Moreover, increasing applications of non-woven abrasives in aerospace and transportation is probably going to open new market avenues within the near future.
Report Attributes | Report Details |
---|---|
Report Name | India Non-Woven Abrasives Market |
Market Size in 2023 | USD 185.54 Million |
Market Forecast in 2032 | USD 275.02 Million |
Growth Rate | CAGR of 4.47% |
Number of Pages | 180 |
Key Companies Covered | 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. |
Segments Covered | By Type, By end-user, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Based on India Non-Woven Abrasives, the India Non-Woven Abrasives market can be categorized into major industries including construction, household, transportation, electronics & semiconductors, and other like industrial application i.e. machinery, medical devices, etc. Another segment was a serious end-user segment of the non-woven abrasives market and constituted a 36% share of the worldwide demand in 2016. It is predicted to continue its dominance within the global market over the forecast period thanks to the rapidly growing industrial, medical devices, and power generation sector among others. Transportation was the second largest end-user segment of the non-woven abrasives market. Non-woven abrasives have the variability of applications like maintenance and repair operations in rail transportation.
The non-woven abrasives market is predicted to witness significant growth owing to the increasing infrastructure development in the Asia Pacific. The rising population in the Asia Pacific increases the demand for expenditures on transportation, homes, etc. This simultaneously increases the demand for non-woven abrasives. the main driving factor for the non-woven abrasives market is increasing income in developing countries coupled with rising industrial and manufacturing activities under Central Governments like the ‘Make in India’ initiative. Additionally, construction is that the second-largest economic activity in India after agriculture and has been growing rapidly which leads the tremendous growth in non-woven abrasives demand.
The key players of non-woven abrasives market included in reports are
By End-User
By Region
FrequentlyAsked Questions
The India Non-Woven Abrasives Market was valued at USD 185.54 Million in 2023.
The India Non-Woven Abrasives Market is expected to reach USD 275.02 Million by 2032, growing at a CAGR of 4.47% between 2024 to 2032.
Some of the key factors driving the India Non-Woven Abrasives Market growth are Rapid urbanization, a rise ins the number of international airports, and an increase in the number of hotels is propelling demand for India Non-Woven Abrasives.
India held a substantial share of the India Non-Woven Abrasives Market in 2023.
The key players of non-woven abrasives market included in reports are 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.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed