Market Size of Paper-Backing Abrasive Adhesive Discs Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 4.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Paper Backing Abrasive Adhesive Discs Market Analysis
The market paper-backing abrasive adhesive discs is expected to grow at a CAGR of less than 4% during the forecast period. Major factors driving the market studied is increasing demand for furniture
- Growing infrastructure sector is expected to act as an opportunity
- Asia-Pacific dominated the market across the globe with the largest consumption in country such as China, India, etc.
Paper Backing Abrasive Adhesive Discs Industry Segmentation
The paper-backing abrasive adhesive discs market report includes:
Abrasive Grain | |
Aluminum Oxide | |
Silicon Carbide | |
Zirconium | |
Ceramic |
Applicable Surface Type | |
Wood | |
Metal | |
Composite | |
Glass | |
Other Applicable Surface Types |
End-use Application | |
Metal Working | |
Wood Working | |
Glass Working | |
Other End-use Applications |
Geography | |||||||
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Paper-Backing Abrasive Adhesive Discs Market Size Summary
The paper-backing abrasive adhesive discs market is poised for moderate growth, driven primarily by the increasing demand for furniture and the expanding infrastructure sector. This growth is supported by the robust development of the global metalworking industry, which benefits from a rising global population with enhanced purchasing power. The demand for improved infrastructure, both residential and commercial, is expected to boost the use of abrasive discs in various applications, including automotive weld shops, machine shops, and paint shops. These discs are essential for surface finishing and shaping, contributing to the overall demand in the market.
Asia-Pacific is anticipated to experience significant growth in the paper-backing abrasive adhesive discs market, fueled by the thriving automotive and infrastructure industries in the region. Countries like China, India, and Japan are emerging as key manufacturing hubs due to their cost-effective raw materials and labor. The region's high investments in construction and urbanization, coupled with increasing purchasing power, are likely to drive the demand for these discs. The market is characterized by its fragmented nature, with major players such as 3M, Saint-Gobain, and Mirka Ltd. playing pivotal roles in shaping its landscape.
Paper-Backing Abrasive Adhesive Discs Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand for Furniture
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1.1.2 Other Drivers
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1.2 Restraints
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Abrasive Grain
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2.1.1 Aluminum Oxide
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2.1.2 Silicon Carbide
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2.1.3 Zirconium
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2.1.4 Ceramic
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2.2 Applicable Surface Type
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2.2.1 Wood
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2.2.2 Metal
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2.2.3 Composite
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2.2.4 Glass
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2.2.5 Other Applicable Surface Types
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2.3 End-use Application
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2.3.1 Metal Working
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2.3.2 Wood Working
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2.3.3 Glass Working
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2.3.4 Other End-use Applications
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2.4 Geography
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2.4.1 Asia-Pacific
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2.4.1.1 China
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2.4.1.2 India
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2.4.1.3 Japan
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2.4.1.4 South Korea
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2.4.1.5 Rest of Asia-Pacific
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2.4.2 North America
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2.4.2.1 United States
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2.4.2.2 Canada
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2.4.2.3 Mexico
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2.4.3 Europe
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2.4.3.1 Germany
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2.4.3.2 United Kingdom
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2.4.3.3 Italy
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2.4.3.4 France
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2.4.3.5 Rest of Europe
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle-East and Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 South Africa
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2.4.5.3 Rest of Middle-East and Africa
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Paper-Backing Abrasive Adhesive Discs Market Size FAQs
What is the current Paper-Backing Abrasive Adhesive Discs Market size?
The Paper-Backing Abrasive Adhesive Discs Market is projected to register a CAGR of less than 4% during the forecast period (2024-2029)
Who are the key players in Paper-Backing Abrasive Adhesive Discs Market?
3M, sia Abrasives Industries AG, Saint-Gobain, Sunmight USA Corporation and Mirka Ltd are the major companies operating in the Paper-Backing Abrasive Adhesive Discs Market.