Global Sander Pads Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Risk and Opportunity Assessment, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
The list of players that are functioning in the global sanding pads market includes-
3M Company (US), Robert Bosch Tool Corporation (US), SAIT Abrasivi SpA (Italy), Saint-Gobain Abrasives (US), Keystone Abrasives (US), Mirka Ltd. (Finland), Klingspor AG (Germany), Abcon industrial products Ltd (Ireland), Abrasiflex Pty Ltd (Australia), and Astro Pneumatic Tool Company (US).
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The need for luxurious finish due to the surge in need for enhanced aesthetic appeal in residential and industrial infrastructures is expected to propel the global sanding pads market, states Market Research Future (MRFR). The report on the global sanding pads market reveals that the worldwide sanding pads market is likely to expand at 4.49% in the forecast period (2018-2025). The on-going smart home trend is expected to increase the market value to USD 3,030 Mn by 2025. Raw materials required for the fabrication of sanding pads can be procured easily. Silicon is mostly used to produce sanding paper. The easy availability and cost-effectiveness of silicon are expected to bolster the global sanding pads market. However, regulatory imposing on the use of silicon can curb demand for sanding pads sale. This is expected to impede the market to grow.
The global sanding pads market has been segmented based on the product, backing material, end user, and region. On the basis of product, the market has been segmented into discs, wheels, rolls, and others. Among this product, the discs segment is projected to be dominant throughout the forecast period. Additionally, the discs segment has also registered as the fastest growing product. On the basis of backing material, in 2018, the velcro/ hook and loop segment was dominated by the global market followed by pressure sensitive adhesive. On the basis of the end user, the construction segment is projected to be dominant throughout the forecast period. On the basis of region, Asia-Pacific has accounted for the largest market for Sanding Pads market followed by North America and Europe.
The global market of Sanding Pads Market is segmented based on backing material, product, and end user.
By product, the market is segmented into rolls, wheels, discs, and others. The discs segment is likely to generate substantial revenue for the global sanding pads market as they are used for hard plating flooring. Discs are ideal sanding pads to be used for removal of various residues form wood or concrete. The growing popularity of discs sanding pads is due to the feasibility offered them, which is expected to propel the market growth.
Based on backing material, the market is segmented into pressure sensitive adhesive, Velcro or hook and loop, and others. The widespread use of Velcro or hook is expected to direct the growth of the global sanding pads market. Benefits of Velcro, such as ease of removal and anytime accessibility can impel the growth of the global sanding pads market.
The end user-based segments of the global sanding pads market are metal fabrication, automotive, construction, and others. The construction segment is expected to act as a potential growth inducer of the market in the forecast period. The increase in scraping off layers or surface smoothening activities, especially in case of painting in the construction of building is surging the need for sanding pads in the construction industry. This is expected to boost the global sanding pads market growth. Moreover, the on-going trend of prefabricated and modular constructions is expected to surge the market.
In Asia Pacific, the market of sanding pads is expected to thrive at a high CAGR in the review period. Fast-paced industrial expansion and rise in population are pressing the need for increased residential and industrial space. The growing number of constructional activities in generating the need for sanding pads that is likely to impel the expansion of the APAC market. In addition, the on-going smart cities trend is likely to add to the momentum of the regional market expansion. In North America, the inclination of people towards smart home and luxurious living standard are expected are expected to impel the sanding pads market growth. Moreover, the extensive use of sanding pads in the automotive industry due to growing demand for classy models is expected to propel the regional market. The US is expected to contribute largely to the expansion of the market. In EU market, the market is expected to surge due infrastructural developments that are taking place.
Key Questions Addressed by the Report
- What was the historic market size (2018)?
- Which segmentation (product/ backing material/end user) is driving market growth?
- What will be the growth rate by 2025?
- Who are the key players in this market?
- What are the strategies adopted by key players?
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Table of Contents
1 Executive Summary
2.2 Scope of the Study
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1.1 Growing Construction Industry
4.1.2 Increase in Global Industrial Production
4.1.3 Growth in Diy Activities
4.2.1 Stringent Government Regulations on the Use of Silica
4.3.1 Scope in the Asia-pacific Region
List of Tables
Table 1 Market Synopsis
Table 2 Global Sanding Pads Market, by Product, 2015–2025 (Usd Million)
Table 3 Global Sanding Pads Market, by Backing Material, 2015–2025 (Usd Million)
Table 4 Global Sanding Pads Market, by End-user, 2015–2025 (Usd Million)
Table 5 Global Sanding Pads Market, by Region, 2015–2025 (Usd Million)
Table 6 North America: Sanding Pads Market, by Country, 2015–2025 (Usd Million)
Table 7 North America: Sanding Pads Market, by Product, 2015–2025 (Usd Million)
Table 8 North America: Sanding Pads Market, by Backing Material, 2015–2025 (Usd Million)
Table 9 North America: Sanding Pads Market, by End-user, 2015–2025 (Usd Million)
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Drivers & Restraints Impact Analysis of Global Sanding Pads Market
Figure 4 Growth of Construction Industry in Eu, 2012-2018 (Usd Billion)
Figure 5 Porter’s Five Forces Analysis of Global Sanding Pads Market
Figure 6 Global Sanding Pads Market, by Product, 2018 (in %)
Figure 7 Global Sanding Pads Market, by Product, 2015–2025 (Usd Million)
Figure 8 Global Sanding Pads Market, by Backing Material, 2018 (in %)
Figure 9 Global Sanding Pads Market, by Backing Material, 2015–2025 (Usd Million)
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