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Jul 17, 2020 8:00 PM ET

Paper-Backing Abrasive Adhesive Discs Market Size Forecast to Reach $500 million by 2025


Paper-Backing Abrasi

iCrowd Newswire - Jul 17, 2020

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. Moreover, growing environmental concern and government regulations also contribute to the growth of Paper-backing abrasive adhesive discs market.

Abrasive Type- Segment Analysis
Aluminium oxide segment holds the largest share of more than 25% in the Paper-backing abrasive adhesive discs market in 2019. Paper backed aluminium oxide abrasive discs are highly cost effective and also provide good surface finish owing to its use in various applications of grinding and cutting. Other than aluminium oxide, silicon carbide segment has also shown significant growth due to fast stock removal and is mainly desirable for glass, plastic, and rubber.

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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.

The outbreak of coronavirus has badly impacted the Paper-backing abrasive adhesive discs market. Industries are shuttered all around the world and supply chain has been disrupted. Government imposed lockdown that has decreased the construction activities. Furthermore, decrease in purchasing capital has impacted the automotive sector which in turn hampered the growth paper-backing abrasive adhesive discs market. According to the Society of India Automobile Manufacturers (SIAM), passenger vehicle sales declined by 51% to 143,014 units in March 2020 whereas the sales of commercial vehicles crashed 88% to 13,027 units subsequently lowering the demand for Paper-backing abrasive adhesive discs.

End Use- Segment Analysis
On the basis of end-use, the automotive segment held the largest share of more than 25% in the Paper-backing abrasive adhesive discs market in 2019. They find wide applications in the automotive sector for shaping and polishing the surfaces. Expansion of automotive industry due to surging demand for electric vehicles also boosts the growth of Paper-backing abrasive adhesive discs market. Apart from automotive, wood working segment has also shown significant growth. They are used for surface blending, edge preparation, finishing and chamfering in wood working industries. Paper backed abrasive adhesive discs are used in the paint & coatings industry for removing the old layer of paint.

Geography- Segment Analysis
APAC dominated the Paper-backing abrasive adhesive discs market with a share of more than 35% in 2019, followed by North America and Europe. An increase in construction activities coupled with rapid industrialization has driven the growth of Paper-backing abrasive adhesive discs market in these regions. Oxford Economics, has forecasted that the volume of construction output will grow by 85% to $15.5 trillion worldwide by 2030 and three countries i.e. China, US and India will lead the way and account for 57% of all global growth, thus owing the need for paper backed abrasive discs for shaping and chamfering wooden furniture, doors, and window frames. Moreover, the rise in disposable income and a high standard of living has accelerated the demand for automotive, which uses paper backed abrasive discs for polishing the welded area. According to OICA, APAC automotive sales witnessed a growth of over 6.52% during 2012-2018, thus boosting the Paper-backing abrasive adhesive discs market.

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. Furthermore, government regulations to lower the use of polyester also augments the growth of Paper-backing abrasive adhesive discs market.

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Challenges –Paper-backing Abrasive Adhesive Discs Market

Quality and Durability
Although Paper-backing abrasive adhesive discs are cost effective and widely used in end use industries, their durability and poor quality as compared to other fabric backed abrasive discs act as a restraining factor for Paper-backing abrasive adhesives discs market. They easily wear and are limited for dry applications only. Moreover, presence of substitutes such as cloth backed and film backed discs which has better tear resistant and waterproofing properties also hampers the growth of market.

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.

Product Launch
In February 2017, RUPES has launched a multi-purpose paper abrasive discs MP330, the aluminium oxide with innovative grain design ensures an improved cut rate for higher productivity.

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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