Paper-Backing Abrasive Adhesive Discs Market - Forecast(2021 - 2026)

Report Code: CMR 66380 Report Format: PDF + Excel (Delivery in 48 Hrs)
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.

Report Coverage
The report: “Paper-Backing Abrasive Adhesive Discs Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Paper-Backing Abrasive Adhesive Discs Industry.

By Abrasive Type: Aluminium Oxide, Silicon Carbide, Zirconium, and Ceramics
By Application: Metal, Wood, Glass, Composites and Others
By End Use: Paint & Coating, Automotive, Cutting Tool, Glass Working, Wood Working
By Geography: North America, South America, Europe, APAC and RoW

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.

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.

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.

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. In 2019, the market of Paper-backing abrasive adhesive discs market has been consolidated by the top five players accounting for xx% of the share. 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. 

1. Paper-Backing Abrasive Adhesive Discs Market - Market Overview
    1.1 Definitions and Scope
2. Paper-Backing Abrasive Adhesive Discs Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Abrasive Type
    2.3 Key Trends by Application
    2.4 Key Trends by End Use
    2.5 Key Trends by Geography
3. Paper-Backing Abrasive Adhesive Discs Market - Landscape
    3.1 Comparative analysis 
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Paper-Backing Abrasive Adhesive Discs Market - Startup companies Scenario Premium (Premium)
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Paper-Backing Abrasive Adhesive Discs Market – Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top companies
6. Paper-Backing Abrasive Adhesive Discs Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Paper-Backing Abrasive Adhesive Discs Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Suppliers and distributors Analysis
8. Paper-Backing Abrasive Adhesive Discs Market – By Abrasive Type (Market Size -$Million)
    8.1 Aluminium Oxide
    8.2 Silicon Carbide
    8.3 Zirconium
    8.4 Ceramic
9. Paper-Backing Abrasive Adhesive Discs Market – Application (Market Size -$Million)
    9.1Metal
    9.2Wood
    9.3Glass
    9.4Composites
    9.5Others
10. Paper-Backing Abrasive Adhesive Discs Market – End Use (Market Size -$Million)
    10.1 Paint & Coating
    10.2 Automotive
    10.3 Cutting Tool
    10.4 Wood Working
    10.5 Glass Working
11. Paper-Backing Abrasive Adhesive Discs Market - By Geography (Market Size -$Million)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 South America
        11.2.1 Brazil
        11.2.2 Argentina
        11.2.3 Colombia
        11.2.4 Chile
        11.2.5 Rest of South America
    11.3 Europe
        11.3.1 U.K
        11.3.2 Germany
        11.3.3 Italy
        11.3.4 France
        11.3.5 Russia
        11.3.6 Spain
        11.3.7 Netherland
        11.3.8 Belgium
        11.3.9 Rest of Europe
    11.4 Asia Pacific
        11.4.1 China
        11.4.2 India
        11.4.3 Japan
        11.4.4 Australia & New Zealand
        11.4.5 South Korea
        11.4.6 Rest of Asia Pacific
    11.5 RoW
        11.5.1 Middle East
            11.5.1.1Saudi Arabia
            11.5.1.2UAE
            11.5.1.3Israel
            11.5.1.4Rest of Middle East
        11.5.2 Africa
            11.5.2.1South Africa
            11.5.2.2Nigeria
            11.5.2.3Rest of Africa
12. Paper-Backing Abrasive Adhesive Discs Market - Entropy
    12.1 New Product Launches
    12.2 M&A’s, Collaborations, JVs and Partnerships
13. Paper-Backing Abrasive Adhesive Discs Market Share Analysis (Premium)
    13.1 Market Share by Country- Top companies
    13.2 Market Share by Region- Top companies
    13.3 Market Share by type of Product / Product category- Top companies
    13.4 Market Share at global level- Top companies
    13.5 Best Practices for companies
14. Paper-Backing Abrasive Adhesive Discs Market - List of Key Companies by Country (Premium) 
15. Paper-Backing Abrasive Adhesive Discs Market Company Analysis
    15.1 Market Share, Company Revenue, Products, M&A, Developments
    15.2 Company 1
    15.3 Company 2
    15.4 Company 3
    15.5 Company 4
    15.6 Company 5
    15.7 Company 6
    15.8 Company 7
    15.9 Company 8
    15.10 Company 9
    15.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

List of Tables

1 US Paper-Backing Abrasive Adhesive Discs Market Size 2018
2 Canada Paper-Backing Abrasive Adhesive Discs Market Share 2018
3 Brazil Paper-Backing Abrasive Adhesive Discs Market Outlook 2019 - 2023
4 Mexico Paper-Backing Abrasive Adhesive Discs Market Research 2018
5 Germany Paper-Backing Abrasive Adhesive Discs Market Trends 2019 - 2023 
6 France Paper-Backing Abrasive Adhesive Discs Market Growth 2019 - 2023 
7 UK Paper-Backing Abrasive Adhesive Discs Market Demand 2019 - 2023 
8 Italy Paper-Backing Abrasive Adhesive Discs Market Segmentation 2018
9 Russia Paper-Backing Abrasive Adhesive Discs Market Analysis 2019 - 2023
10 China Paper-Backing Abrasive Adhesive Discs Market Revenue 2019 - 2023
11 Japan Paper-Backing Abrasive Adhesive Discs Market Volume 2019 - 2023
12 South Korea Paper-Backing Abrasive Adhesive Discs Market Potential 2019 - 2023
13 India Paper-Backing Abrasive Adhesive Discs Market Leaders 2018
14 Saudi Arabia Paper-Backing Abrasive Adhesive Discs Market Forecast 2019 - 2023 
15 Kuwait Paper-Backing Abrasive Adhesive Discs Market Value 2018

List of Figures

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