According to a new report, published by KBV research, The Global Abrasive Paper Market size is expected to reach $6.1 billion by 2031, rising at a market growth of 4.2% CAGR during the forecast period. In the year 2023, the market attained a volume of 5,156.28 kilo tonnes, experiencing a growth of 19.08% (2020-2023).
The Metal Polishing segment is registering a CAGR of 4.6% during (2024 - 2031). Abrasive paper is compatible with various metal alloys, including steel, aluminum, brass, copper, titanium, and stainless steel. This versatility makes it suitable for polishing various metal components and assemblies used in automotive, aerospace, marine, and manufacturing industries.
The Aluminium Oxide segment is leading the Global Abrasive Paper Market by Abrasive Grain in 2023; thereby, achieving a market value of $2.2 billion by 2031. Aluminum oxide abrasive paper is highly versatile and suitable for various applications. It can be used for sanding various materials such as wood, metal, plastics, ceramics, and composites, making it a preferred choice for both industrial and consumer markets. Aluminum oxide abrasive paper offers a good balance between performance and cost. It provides efficient material removal and long-lasting abrasion capabilities at a relatively affordable price compared to other abrasive materials.
The Wet Abrasive Paper segment would exhibit a CAGR of 4.8% during (2024 - 2031). Wet sanding with abrasive paper helps to contain dust and debris, improving the working environment and reducing health risks associated with airborne particles. This makes wet abrasive paper particularly popular in industries and applications where dust control is essential, such as automotive refinishing and woodworking.
Full Report: https://www.kbvresearch.com/abrasive-paper-market/
The Asia Pacific region dominated the Global Abrasive Paper Market by Region in 2023; thereby, achieving a market value of $2.6 billion by 2031. The Europe region is poised to grow at a CAGR of 3.7% during (2024 - 2031). Additionally, The North America region would witness a CAGR of 4% during (2024 - 2031).
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Abrasive Grain (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Geography (Volume, Kilo Tonnes, USD Billion, 2020-2031)
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