Global Abrasive Cloth Market Overview:
An Abrasives cloth is a mineral or material, which is used to shape or finish an object through rubbing. That leads to the part of an object being worn away by motion. While giving a finish to the material often means polishing it to gain a smooth and reflective surface, this involves these process roughening as in satin, matte or beaded finishes. Asia –Pacific are the regions which are having a tremendous growth in this sector. Moreover, rise in investments by key manufacturers is another key aspect that fuels the market growth.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- High Demand from Metal Fabrication Industry
- Massive Production of Electronic Components
- Decreasing Cost of Synthetic Diamond
Roadblocks
- Fluctuation in Raw Material Prices
- Stringent Regulations by Governments is Hampering the Market
Opportunities
- Emerging Economies to Have High Growth Potential
- The Growing End-User Sectors such as Automotive, Electronics, and Electrical (E&E) equipment, Metal Fabrication, and Machinery is Boosting the Market
Challenges
- Lack of Proper Distribution Channel in Underdeveloped Nations
- Volatile Cost of Raw Materials
Competitive Landscape:
Many key players in the market are offering a variety of products to gain a competitive edge. Many key players are using business strategies such as new product launches, merger acquisitions, collaborations, as well as many other strategies to remain competitive. For Instance, one key player Scotch offers a sustainable alternative to the plastic cushions. Company’s portfolio along with integrated formulation & regulatory expertise allows product development with friendlier labels while upholding quality, functionality, and cost competitiveness.
Some of the key players profiled in the report are 3M(United States), ATA Group(Germany), Bordo Industrial Ptv Ltd (Australia), Camel Grinding Wheels(United States), Carbide Tooling(United States), CS UNITEC(United States), Eisenblätter(Germany), HERMES(France), ITEXA(Switzerland) and KLINGSPOR(Mexico). Additionally, following companies can also be profiled that are part of our coverage like Saint-Gobain Abrasives (United States), Inc, Carborundum Universal Limited (United States), Asahi Diamond Industrial Co.Ltd (Japan) and Sungold Abrasives(United States). Analyst at AMA Research see Asia- Pacific Vendors to retain maximum share of Global Abrasive Cloth market by 2027. Considering Market by Product Type, the sub-segment i.e. Dishes will boost the Abrasive Cloth market. Considering Market by Industry Verticals, the sub-segment i.e. Automotive will boost the Abrasive Cloth market. Considering Market by Material Type, the sub-segment i.e. Natural will boost the Abrasive Cloth market.
Latest Market Insights:
In May 2022- Scotch Brand launches Scotch Cushion Lock protective wrap, a sustainable alternative to plastic cushion wrap produced from 100 percent recycled paper and easily recyclable in curbside bins, was introduced.
In March 2018, Bosch developed a two-step grinding system for angle grinders. It consists of an SCM disc, which is used to achieve a fine surface.
What Can be Explored with the Abrasive Cloth Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Abrasive Cloth Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Abrasive Cloth
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Abrasive Cloth market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Abrasive Cloth market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Raw material suppliers, Abrasive manufacturers, Traders and distributors of abrasives, Commercial R&D institutions, Associations and industry bodies, Regulatory bodies and End-user industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.