Paper-Backing Abrasive Adhesive Discs Market 2020 Global Trend, Segmentation and Opportunities Forecast To 2025 (Based on 2020 COVID-19 Worldwide Spread)

Global Paper-Backing Abrasive Adhesive Discs Market, delivering a must-read report for industry stakeholders wanting to understand the strategic landscape of this increasing sector. Readers will find an in-depth analysis of the market and how it will impact existing traditional markets, as well as insights into future development and opportunities across the globe.

MarketInsightsReports has announced the addition of the “Global Paper-Backing Abrasive Adhesive Discs Market Research Report 2020” The report focuses on global major leading players with information such as company profiles, product pictures, and specifications.

According to this study, over the next five years, the Paper-Backing Abrasive Adhesive Discs market will register a 3.0% CAGR in terms of revenue, the global market size will reach $ 405.4 million by 2025, from $ 360.1 million in 2019.

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Key Players:

Saint-Gobain, Gator, 3M, Hermes Abrasives, Mirka, Klingspor, Ekamant, SIA Abrasives (Bosch), Awuko, Nihon Kenshi, Sunmight, Guangdong Shunhui, Sankyo-Rikagaku, Kovax, Keystone Abrasives, Dongguan Jinyang, Carborundum Universal, request sample for a complete list of companies.

The leading players of the industry, their market share, product portfolio, company profiles are covered in this report. The competitive market scenario among players will help the industry aspirants in planning their strategies.

Summary

Paper-backing abrasive adhesive discs are a kind of paper disc sandpaper used in the polishing process.
First, the paper-backing abrasive adhesive discs industry is concentrated, the top 10 companies take more than 64% share of the global market. Saint-Gobain, Klingspor, and 3M are the leading players in this industry which takes more than 28% of global production. Regionally, China, Europe, and the USA are the main production base of sandpaper, with Japan also well-known for the premier quality of products.

Second, currently, the sandpaper industry has been highly mature, especially in developed countries. The growth rate of sandpaper production in Europe, the USA, and Japan has been under 4% for the past years, while the growth rate in developing countries like China has been in rapid growth. Regionally, China, Europe (Western Europe, Northern Europe, and Germany), USA and Japan are the major production area of paper-backing abrasive adhesive discs.

Third, as a kind of coated abrasive, paper-backing abrasive adhesive discs can be used to polish materials. The major applications of paper-backing abrasive adhesive discs are for wood, metal, paint, wall, etc., among which wood and metal abrasive are the major use. In 2015, metal holds about 40% application share.

Fourth, the import and export business of paper-backing abrasive adhesive discs industry is frequent. The USA and Europe are the main exporters of sandpaper, while the USA is the major importer. The products of China are well-known for the stable quality and cheap price, while products of Europe and Japan are superior in performance.

Fifth, the price of different kinds of sandpaper differs from each other. The price of velvet backed sandpaper is more than 15% higher than the price of adhesive-backed sandpaper. Since the major factors affect price changes are raw material supply and labor cost, the price of paper-backing abrasive adhesive discs would be higher due to labor cost increasing.

Sixth, the production of paper-backing abrasive adhesive discs in the coming years would be in 2%~4% of annual growth, and the major increase would be in developing countries. Additionally, as the development in India has been in fast growth for the past years, it is estimating that India would be transforming as another major producer of sandpaper in the future.

Paper-Backing Abrasive Adhesive Discs Market Segmentation by Types, Applications, and regions:

Market Segment by Type covers:

Adhesive-backed sandpaper
Velvet backed sandpaper
Others

Market Segmented by Applications:

Wood
Metal
Varnishing
Others

Market Segment by Regions:

North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)

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These segments are thoroughly evaluated on an individual basis and a team of analysts has ensured to give a crystal clear idea about various lucrative segments of the industry. This detailed analysis using segmentation by providing precise results on industry-related markets.

The report also analyzed the evolution of industry trends. Several macroeconomic factors such as Gross domestic product (GDP) and the increasing inflation rate is expected to affect directly or indirectly in the development of the industry.

Frequently Asked Questions about the global market:

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Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or 3 countries or nearly 40 analyst hours. 

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This release was published on openPR.