What is Global Non-Woven Disc Market?
The Global Non-Woven Disc Market is a fascinating field of study that delves into the intricacies of non-woven disc production and distribution on a global scale. Non-woven discs are essentially abrasive items used in various industries for polishing and finishing purposes. They are made from synthetic fibers that are bonded together with a resin, creating a flexible, open web material. This market is a crucial component of the global economy, with its products being utilized in a wide array of sectors. The market's value was pegged at US$ 126.9 million in 2022, and it is projected to grow to US$ 176.9 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 4.8% from 2023 to 2029.
Quick Change Type, Arbor Hole Type in the Global Non-Woven Disc Market:
The Global Non-Woven Disc Market is segmented into two main types: Quick Change Type and Arbor Hole Type. The Quick Change Type is the dominant segment, accounting for about 75% of the market. These discs are known for their ease of use and versatility, making them a popular choice in various industries. On the other hand, Arbor Hole Type discs are used for more specific applications. They are typically mounted on a spindle or arbor and used for heavy-duty tasks. Despite their smaller market share, Arbor Hole Type discs play a crucial role in the market, catering to specific industry needs.
Automotive, Furniture, Machinery, Electronics, Other in the Global Non-Woven Disc Market:
The Global Non-Woven Disc Market finds its applications in numerous sectors including Automotive, Furniture, Machinery, Electronics, and others. In the automotive industry, these discs are used for surface preparation, cleaning, and finishing of various parts. The furniture industry uses them for sanding and finishing wooden pieces. In machinery, they are used for deburring, cleaning, and finishing metal parts. The electronics industry uses non-woven discs for polishing and cleaning electronic components. Despite the diverse applications, each industry has specific requirements and uses for non-woven discs, contributing to the overall growth and dynamism of the market.
Global Non-Woven Disc Market Outlook:
To rephrase the market outlook, the Global Non-Woven Disc Market is a thriving sector with a significant growth trajectory. As of 2022, the market was valued at US$ 126.9 million. It is projected to experience a growth spurt, reaching a valuation of US$ 176.9 million by 2029. This indicates a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period of 2023-2029. The market is dominated by three major manufacturers who collectively hold a market share of over 35%. The Quick Change Type is the most popular product in this market, commanding a whopping 75% share.
| Report Metric | Details |
| Report Name | Non-Woven Disc Market |
| Accounted market size in 2022 | US$ 126.9 million |
| Forecasted market size in 2029 | US$ 176.9 million |
| CAGR | 4.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Saint-Gobain, 3M, SIA Abrasives (Bosch), PFERD, Osborn, Mirka, Klingspor, Bibielle, Hermes Abrasives, Nihon Kenshi, ARC Abrasives, Dewalt, The LBA Innovation Way, Zhengzhou Kingshark Abrasives, Ampol |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
