Non-Woven Abrasive Locking Discs Market Size, Share, Growth, and Industry Analysis, By Type (Quick Change Type and Arbor Hole Type), By Application (Machinery, Furniture and Automotive) and Regional Forecast to 2032

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MARKET REPORT OVERVIEW

The global Non-Woven Abrasive Locking Discs Market size was USD 6.96 million in 2023 and the market is projected to touch USD 10.95 million by 2032, exhibiting a CAGR of 4.64% during the forecast period.

The Non-Woven Abrasive Locking Discs are made from bonded synthetic fabrics, such as nylon, that have been immersed with abrasive particles. Because of the abrasive particle’s attachment to the web, the disc is flexible and able to adjust for uneven surfaces. Locking discs made of non-woven abrasive material work well for polishing, adding finishing touches, and priming surfaces before finishing. Metals, ceramics, plastic, and glass are just a few of the materials they can be used on.

In the near future, the market under study is predicted to be driven by the growing application base in the personal care and healthcare sectors as well as the rising demand for electric vehicles. This particular factor has been recorded to attribute the overall product market as it has helped with taking the revenue numbers above the skies. Growing building activity in developing nations around the area may present prospects for the non-woven fabric industry in the future. The propulsion in the sales of this particular product has been the result of the increased luxury lifestyle of people and rigorous buying and selling of automotives. The need for non-woven fabric is mostly driven by the growing use and demand from sectors such as healthcare and construction worldwide. This factor has augmented the Non-Woven Abrasive Locking Discs market growth.

COVID-19 Impact: Market Growth Obstructed by Pandemic due to Lockdown

The World-wide COVID-19 outbreak has been unparalelled and astonishing, with the market getting an exposure higher-than-predicted demand across all regions contrast to pre-pandemic levels. The drastic  market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic had effect on the market's expansion for non-woven abrasive locking discs. The pandemic has brought destruction to the supply and demand chains for the product worldwide. Globally consumers couldn’t consume the product due to government restrictions. The market's supply chain was affected by the COVID-19 pandemic. The restrictions went too far and affected the budget planning for the product market also, proportionally impeding the revenue numbers. Budgetary restraints affected the non-woven abrasive sector, and government regulations meant that the non-woven abrasive locking discs market would grow at a slow rate in the long run.

LATEST TRENDS

"Increased Demand to Drive Market Growth"

Because they can easily remove dust and debris from hard surfaces without scratching or marring the surface finish of ceramic or wood tiles, non-woven abrasive locking discs are utilized in furniture applications. Due to these locking discs' exceptional durability against vibration and shock during operation, these products are also utilized in assembly lines for electronic equipment. This increases production line productivity and efficiency, which will fuel market growth in the upcoming years.

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MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into Quick Change Type and Arbor Hole Type amongst which the leading segment is the Quick Change Type.

• Quick Change Type: Swift Alteration On the back of little discs, there is a button. Using just a single twist and no extra tools, the button makes it possible to easily swap the disk.
• Arbor Hole Type: A technique for making non-woven abrasive locking discs is called arbor hole type. It is utilized in many different processes, including glassblowing, stone polishing, metalworking, and carpentry.

By Application

Based on application the global market can be categorized into Machinery, Furniture and Automotive amongst which the leading segment is the Machinery.

• Machinery: Without compromising the machinery's base metal, they are perfect for removing paint and coatings.
• Furniture: Furniture made of non-woven materials is made of a network of nylon fibers that have been fused together and covered in abrasive granules.
• Automotive: Non-woven discs work wonders when it comes to surface preparation; they are great at getting rid of light edge burs, parting lines, flashing, rust, oxides, corrosion, paint, and scale off automobiles.

DRIVING FACTORS

"Technological Advancements to Boost the Market"

Technologies like artificial intelligence, the Internet of Things, and automation have a lot of promise to improve productivity and develop new goods. Opportunities for growth are presented by the trend toward technological advancements and solutions. Businesses that adopt digital transformation increase operational efficiency and expand into new markets. Businesses can become leaders in their field in terms of innovation and compliance by exploiting regulatory changes as a competitive advantage and adapting to them.

"Consumer Demand to Expand the Market"

Market performance can be fueled by recognizing and adapting to changing customer demands, such as the rising need for high-quality products and ease. The ease with which consumers might be drawn to the product as a result of its advancements and the viability it offers facilitates future market expansion. In order to make work easier product quality is being improved. This is one of the driving factors of the market.

RESTRAINING FACTOR

"High Costs to Impede Market Growth"

Non-Woven Abrasive Locking Discs Consumption solutions can be developed and installed at a high initial cost, which can be a major obstacle to market expansion, particularly for large-scale projects. Due to rising raw material costs brought on by inflation, starting a corporation now requires a larger initial investment, which poses a challenge to the company's ability to expand. This is one of the significant restraining factor.

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REGIONAL INSIGHTS

The market is primarily segmented into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America Dominating the Market due to Numerous Market Share"

Based on applications, the non-woven abrasive locking discs market in North America is divided into multiple major areas, each of which accounts for a sizeable share of the industry's demand and utilization. These include carpentry, automotive, aerospace, and metal fabrication, as well as maintenance and repair activities. Non-woven abrasive locking discs are used by every industry for a variety of applications, taking advantage of their special qualities and advantages. North America has seen significant development as a result of the high demand and growth in this region.

KEY INDUSTRY PLAYERS

"Leading Players adopt Acquisition Strategies to Stay Competitive"

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• PFERD (Germany)
• Ampol (Australia)
• Zhengzhou KINGSHARK Abrasives (China)
• Saint-Gobain (France)
• The LBA Innovation Way (U.S.)

INDUSTRIAL DEVELOPMENT

April 2023: The state-of-the-art nonwoven geotextile manufacturing production line located in Nashville, GA, is the result of an investment made by Willacoochee Industrial Fabrics, Inc. (WINFAB), a prominent producer of geosynthetic and erosion control products in the United States. This particular investment  and development has been recorded to attribute the overall growth for the product market with profitable numbers. By the second quarter of 2023, the production line was supposed to be up and running. Non-Woven Abrasive Locking Discs have seen tremendous expansion in the market because of their excellent performance and growing demand.

REPORT COVERAGE

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.