Paper-Backing Abrasive Adhesive Discs Market size is forecast to reach $500 million by 2025, after growing at a CAGR of 4% during 2020-2025. Paper-backing abrasive adhesive discs are used for surface preparation and finishing application in various end-use industries. An increase in demand for high quality product with a good surface finish is driving the growth of Paper-backing abrasive adhesive discs market globally. Key Takeaways
China has shown significant growth in the Paper-backing abrasive adhesive discs market owing to increasing demand from applications such as automotive and wood working industries.
Properties such as good surface finish, wear & tear resistance are the major factors driving the growth of Paper-backing abrasive adhesive discs market.
Rising environmental concerns and steps towards sustainability have fueled the growth of Paper-backing abrasive adhesive discs market.
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Application-Segment Analysis
Metal Segment is going to witness the highest CAGR of 6% in the Paper-backing abrasive adhesive discs market in 2019, because of its extensive use in automotive and production industries. Papers backing abrasive adhesive discs are used in production industries for heavy fabrication, polishing the cutting tools to remove oxides and cutting chips from the surface. After metal, the wood segment has the largest share followed by glass segment.
Drivers –Paper-backing Abrasive Adhesive Discs Market
Growing demand from end use industries
Paper-backing abrasive adhesives are extensively used in the automotive and construction industries for finishing and shaping purposes. High disposable income coupled with increase in standard of living has escalated the demand for automotive and well-furnished houses which in turn increases the use of Paper-backing abrasive adhesive discs.
Biodegradability
With the rise in environmental concerns and awareness among people for sustainability, the use of eco-friendly products has increased. Paper backed abrasive discs are biodegradable and don’t have any harmful effects on the environment and human health as compared to polyester and other fabric backed abrasives. Thus ease of disposing the paper backed abrasive discs propels its market growth.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Paper-backing abrasive adhesive discs market. Major players in the Paper-backing abrasive adhesive discs marketare3M, Saint-Gobain, Klingspor Inc., Nihon Kenshi, Sunmight, Hermes Abrasives, Ekamant, United Abrasives, Inc., Struers Aps, and Carborundum Universal,among others.
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