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Market expected to grow at a CAGR of 3.67% through the year 2019.
January 5, 2016
By: Tara Olivo
Associate Editor at Nonwovens Industry
Research and Markets has added the “Global Non-woven Abrasives Market 2015-2019” report to its offering. The global nonwoven abrasives market is expected to grow at a CAGR of 3.67% over the period 2014-2019. The report includes a comprehensive discussion on the market, an extensive coverage on various types, end-user industries, and market dynamics in various geographies. The report provides comments on both the existing market landscape and its growth prospects over the forecast period. It also includes a discussion of the key vendors operating in this market. Two major challenges faced by the manufacturing industry are achieving energy efficiency and reducing industrial waste without compromising the performance or quality of either operations or products. To overcome these challenges, abrasives manufacturers are adopting industrial methods, wherein they are increasingly evaluating low-value feedstock and waste materials for use in production. According to the report, most technological advances in the abrasives market are focused on grains, followed by resin and backing material. Most vendors of abrasives differentiate their offerings on the basis of quality, structure, and range of abrasive grains. Lower energy prices and easier access to grain-production technology are resulting in the better availability of a broad range of quality grains. Further, the report states that stringent regulations and the citation of abrasive materials on the list of hazardous substances will dampen market growth.
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