Abrasive Paper Market Size, Share Global Analysis Report, 2022 – 2028

Industry Insights

[201+ Pages Report] According to the report published by Facts Factors, the global abrasive paper market size was worth around USD 2550 million in 2021 and is predicted to grow to around USD 3264 million by 2028 with a compound annual growth rate (CAGR) of roughly 4.25% between 2022 and 2028. The report analyzes the global abrasive paper market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the abrasive paper market.

Market Overview

Abrasive papers are coated abrasives consisting of a sheet of cloth, or paper with some abrasive material glues on any one of the two sides of the product. Abrasive in any material, in most cases a mineral, that is used to finish or shape a workpiece through constant rubbing, with the part being worked on being worn away due to the friction between the object and the abrasive material. Abrasive papers come in various sizes and are of different kinds depending on the abrasive material that is adhered to the sheet of paper or cloth.

With constant product innovation, sand or glass that was mainly used in abrasive papers is now being replaced by silicon carbide or aluminum oxide. In such cases, the paper is more specifically referred to as silicon carbide paper or aluminum oxide paper respectively. Abrasive papers are created in different grit sizes and have wide applications during the removal of material from a given surface or to smoothen the surface, for instance, wood polishing.

Key Insights

• As per the analysis shared by our research analyst, the global abrasive market is estimated to grow annually at a CAGR of around 4.25% over the forecast period (2022-2028)
• In terms of revenue, the global abrasive market size was valued at around USD 2550 million in 2021 and is projected to reach USD 3264 million, by 2028
• Due to a variety of driving factors, the market is predicted to rise at a significant rate
• Based on type segmentation, wet & dry were predicted to show maximum market share in the year 2021
• Based on application segmentation, home decoration was the leading application in 2021.
• On the basis of region, Asia-Pacific was the leading revenue generator in 2021

Covid-19 Impact

During the pandemic, the global market cap suffered significantly which was a direct consequence of the lockdown impositions resulting in the temporary shutdown of production units. The demand for the product was also relatively low, as major polishing units or other non-essential segments witnessed a lack of new orders. Another major factor contributing to the loss was the unavailability of craftsmen who specialize in using the product as a result of the mass migration of people on domestic and regional levels.

Growth Drivers

• Growing demand for wood-based decorative products to drive market demand

The global abrasive paper market is projected to benefit from the increasing trend of adopting wood-based interior decoration items in the current modern world. There is a huge section of people who prefer only antique or specially designed items to decorate personal or professional living spaces, as opposed to the other segment of people who prefer using mass-produced items. Even in such cases, it has been observed that products that are unique or are specially crafted are preferred more than products that do not exhibit more value. For instance, as per a recent report by Eurostat, European citizens are known to spend more than 5% of their income on furniture. As opposed to contrary beliefs, wooden furniture is more sustainable than other forms since they come from renewable sources, they last longer, show exceptional durability, and are known to have a significant impact on the mental health of the people using such furniture.

Restraints

• Temperature sensitivity to restrict market expansion

Abrasives are known to be extremely sensitive to temperature and the environment. The physical and chemical properties undergo vast changes when the external conditions are changed. Two of the major concerns are heat and humidity. Because of changes in these factors, abrasive papers are known to show curling, edge chipping, clogging, brittleness, and other changes. These factors diminish the quality of the product over time and have to be frequently changed resulting in restrictions for global market cap expansion.

Opportunities

• Increasing new entrants in the wood furniture market to provide growth opportunities

The global abrasive paper market cap may witness more growth opportunities driven by the increasing rate of new extranet admission in the wood-furniture market. With such additions, the number of craftsmen in the market grows resulting in a rise in ideas and craftsmanship, and a subsequent increase in customers. This trend can be observed both at the domestic and international level where furniture giants are partnering with domestic players to reach a larger consumer database

Challenges

• High dependency on human resources a major market challenge

The use of abrasive papers is only as good as the person handling the abrasive. The dependence on human resources to operate and deliver is extremely high which is a major challenge for the global market players as it is important to make sure that the person handling the abrasive is skilled enough and is provided with the necessary safety gear for physical protection as there are associated risks when working with abrasives.

Segmentation Analysis

• The global abrasive paper market is segmented based on application, type, and region

Based on application, the global market segments are furniture manufacturing, home decoration, metal polishing, shipping industry, jewelry, music industry, electronic product, and others. The global market is led by the home decoration segment since the product has wide applications ranging from paint removal to modifying the interior decorating objects in the living space. It is also used for polishing, corrosion removal, deburring, and sizing. The growing real estate market is a key consumer of abrasive papers. For instance, as per a report published by Boston.com, spending on home improvement in the United States increased by 3% in 2021, nearing USD 420 billion.

Based on type, the global market is divided into dust-free abrasive paper, wet & dry abrasive paper, and spine abrasive paper. The global market is led by wet & dry abrasive papers as they have high application in the expanding automobile segment, where they have decorative applications. The automotive interior market was valued at USD 154 billion in 2021 and may grow at a CAGR of 5.65% in the coming years driving the demand for abrasive papers.

Recent Developments:

• In September 2022, Asian Paints, an Indian multinational paint company, launched a range of new specialized sandpaper brand called TruStar. Light-hearted quirky moments were the highlights of the launch program. In the digital campaign, the company addressed, with compelling storytelling, the challenges of the low involvement category.
• In August 2022, scholars and scientists at Rice University, Texas, announced that they have created a new water-resistance surface involving the use of powder and sandpaper to create a superhydrophobic material. The surface is also claimed to possess anti-icing properties.

Report Scope

Regional Analysis

• Asia-Pacific to garner the most revenue during the forecast period

The global abrasive paper market is projected to witness the highest growth in Asia-Pacific in the coming years driven by the real-estate and home decor. One of the key factors driving the demand for the product is the growing population of China and India along with the robust modernization of regions to incorporate housing requirements. Other countries like Australia, Japan, and Singapore are witnessing an increase in the number of foreign internationals opting to live in the regions due to professional to personal regions. The Middle - East may also register a high CAGR due to increasing tourism in United Arab Emirates (UAE), and Saudi Arabia. The regional market is further propelled by the growing number of people skilled in non-technical aspects.

Competitive Analysis

• Saint-Gobain 
• Ekamant 
• Carborundum Universal 
• SIA 
• Uneeda 
• Dongguan Golden Sun Abrasives

The global abrasive paper market is segmented as follows:

By Application

• Furniture Manufacturing
• Home Decoration
• Metal Polishing
• Shipping Industry
• Jewelry
• Music Industry
• Electronic Product
• Others

By Type

• Dust-Free Abrasive Paper
• Wet & Dry Abrasive Paper
• Sponge Abrasive Paper

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America