Sanding pads Market Global Outlook 2023 – 2030: Industry Size, Demand Status, Growth Opportunity, Regions, Key Player Analysis and Trends
Research Reports
Jan 09, 2023
market research future latest insights 2023, the global sanding pads market share is expected to register a CAGR of ~ 4.40% from 2022 to 2030 and hold a value of over USD 3,443.8 million by 2030.
Sanding pads Market Research Outlook
Sanding pads are waterproof sheets used for finishing, grinding and polishing purposes. The sheet is shielded with a rough substance bonded with a substrate made up of a cloth sheet or paper. They are overall used by attaching to the backing of a sponge, paper, or plastic. The sanding papers are mostly designed based on the surface that needs to be finished. Mostly, shells and crushed seeds were used to produce sanding paper, but lately, glass has been extensively used. Most industries use other abrasives like aluminum oxide and silicon carbide to produce sanding pads.
Market Key Driving Factors
- New product launches and R&D Amongst major key Players
- Industrial production
- Developing construction industry
- Growth in DIY activities
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Majorly used in finishing metal equipment in automotive industries, the Sanding Pads Market has been demonstrating healthy growth in the global market. The papers have a wide range of applications in the construction departments. It is used to scrape off worn-out layers from old wooden surfaces. It is also used to smoothen paintings that must have lost their touch over time. Several factors exist in the global market that drives the growth and development of the market factors. The increased usage of sanding papers in the construction industry due to the need for infrastructure development is one of the reasons why the market is facing a significant growth rate. Also, due to the increased urbanization, DIY activities are in greater demand in the market dynamics. The sanding pads with aluminum oxide and silicon carbide composition provide the best adhesive base for waterproof backing and have faced greater market growth over the years.
However, the pandemic disrupted the supply chain of the market. The import and export of raw materials were hampered, and it restrained the market growth and development. But despite this, steady economic growth is expected for the market in its forecast period.
Sanding pads Market Key Players
Some of the key market players are,
- Robert Bosch Tool Corporation
- Saint-Gobain Abrasives
- Keystone Abrasives
- SAIT Abrasive S.p.A
- Klingspor AG
- Abrasiflex Pty Ltd
- 3M Company
- Abcon industrial products Ltd
- Mirka Ltd.
- GISON Machinery Co.Ltd
- Astro Pneumatic Tool Company
- Flexipads
- Jin Gwang Industries Co. Ltd. (ConfiAd), & others
Sanding pads Market Regional Analysis
Asia Pacific dominated the market for sanding pads in 2021. India, China, and Japan are among the developing nations credited with a large portion of the market growth for sanding pads in the Asia Pacific region. Additionally, it is anticipated that the market for sanding pads has boomed in the upcoming years due to the introduction of new creative products in these regions.
North America was the fastest-growing region for sanding pads. During the anticipated period, the sanding pads market is anticipated to be driven by the expansion of the construction sector. In the upcoming year, rising urbanization and industrial development in emerging economies are anticipated to cause an increase in demand for sanding pads.
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Sanding pads Market Segmentation
The global sanding pads market has been segmented into product type and ends user.
Based on product type, the market is divided into wheels, discs, rolls, and others. The wheels segment had a prmonet share in 2021. The need for machine tools in the manufacturing, industrial, and automotive industries has impacted their production. Rapid industrialization is the cause of the expansion of numerous sectors in rising economies. Construction sites, tool stores, medical manufacturing facilities, and car shops frequently have grinding wheels on hand as necessary work gear. On the other hand, the discs segment was the fastest-growing segment during the forecast period, with the increasing population and rapid infrastructure development.
Based on end-user, the market has been segmented into automotive, building & construction, and metal fabrication. The building & construction segment had prominence in 2021 in the market for sanding pads. Advancements are aiding the building industry’s growth in architecture and the rising demand for beautiful, eye-catching infrastructure. Sanding pads are a highly popular product that vendors are investing in since it helps customers grow their businesses. Due to its widespread use for smoothing, scraping, and other processes, the construction industry is a significant growth driver of the global sanding pad market.
Additionally, the government’s initiative to increase the number of construction projects and ensure that the nation is well-built is assisting the worldwide sanding pad market. Automotive was the fastest-growing segment. Due to the increase in the use of cars.
Sample TOC
6 GLOBAL SANDING PADS MARKET, BY PRODUCT 36
6.1 OVERVIEW 36
6.1.1 GLOBAL SANDING PADS MARKET ESTIMATES & FORECAST, BY PRODUCT, 2019–2030 37
6.2 DISCS. 37
6.2.1 DISCS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2030 37
6.3 WHEELS 38
6.3.1 WHEELS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2030 38
6.4 ROLLS 38
6.4.1 ROLLS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2030 38
6.5 OTHERS 39
6.5.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2030 39
7 GLOBAL SANDING PADS MARKET, BY BACKING MATERIAL 40
7.1 OVERVIEW 40
7.1.1 GLOBAL SANDING PADS MARKET ESTIMATES & FORECAST, BY BACKING MATERIAL, 2019–2030 41
7.2 VELCRO/ HOOK AND LOOP 41
7.2.1 VELCRO/ HOOK AND LOOP: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2030 41
7.3 PRESSURE SENSITIVE ADHESIVE 42
7.3.1 PRESSURE SENSITIVE ADHESIVE: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2030 42
7.4 OTHERS 42
7.4.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2030 42
8 GLOBAL SANDING PADS MARKET, BY END USER 43
8.1 OVERVIEW 43
8.1.1 GLOBAL SANDING PADS MARKET ESTIMATES & FORECAST, BY END USER, 2019–2030 44
8.2 CONSTRUCTION. 44
8.2.1 CONSTRUCTION: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2030 44
8.3 AUTOMOTIVE. 45
8.3.1 AUTOMOTIVE: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2030 45
…Continued.
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