Market Trends of Paper-Backing Abrasive Adhesive Discs Industry
This section covers the major market trends shaping the Paper Backing Abrasive Adhesive Discs Market according to our research experts:
Metal Working, the Fastest growing End-use Application
- The global metalworking industry has been growing at a healthy rate in recent times. The ever-increasing global population, supported by their improved purchasing power is driving end-use factors for the metal industry growth.
- Moreover, infrastructure is being developed in many nations, especially the emerging nations in Asia-Pacific and Middle-East & Africa.
- The demands for better infrastructure, both, at the residential and commercial level, are expected to drive the use of abrasive discs in finishing and shaping applications.
- Abrasive adhesive discs are used in automotive weld shops, machine shops, automotive bodybuilding & press shops, paint shops, and re-finishing garages.
- Their metalworking applications include eliminating defects on surfaces and painted bodies, preparing primed and painted surfaced, rotary and orbital sanding, etc.
- All the aforementioned factors are likely to increase the demand for the market.
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Asia-Pacific to Dominate the Market
- Asia-Pacific is estimated to witness healthy growth over the assessment period in paper-backing abrasive adhesive discs market, due to the well-performing automotive and the infrastructure industries.
- Major players are identifying countries in Asia-Pacific as cheaper sources of raw material and labor, and are shifting their manufacturing bases to these regions. As a result, countries, such as China, Japan, South Korea, India, Taiwan, Malaysia, and Indonesia are growing as manufacturing hubs for many industries.
- High investments in residential and commercial construction may see increased demand for surface finishing and preparing applications, thereby, increasing the demand for abrasive adhesive discs. Asian countries, such as China, Taiwan, Japan, South Korea, and India are also major markets, as well as manufacturers of automotive parts for, both, primary market, as well as the aftermarket
- Hence, their metal working applications would be done by abrasive adhesive discs. All of these factors are likely to be supported by the ever-increasing population in the region, urbanization, and their purchasing power.
- Such factors are likely to increase the demand for the market
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