Sanding Pads Market Segments Analysis, Growth Status, Demands, Size, Share, Top Manufacturers, Regions, Sales, Global Trends and Industry Forecast 2030

Sanding Pads Market Research Report and Growth Analysis 2023 by Product (Discs, Wheels, and Rolls), Backing Material (Velcro/Hook and Loop, and Pressure Sensitive Adhesive), End User (Construction, Automotive, and Metal Fabrication), and Region (North America, Europe, Asia-Pacific, and the Rest of the World) —Forecast till 2030

Sanding Pads Market Research Future Insights

According to market research future insights analysis, the global sanding pads market 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.

In the automotive sector, sanding pads are used extensively to finish the metal surfaces of equipment and parts. In the construction industry, sanding pads are also used to remove layers from surfaces (such as old paint), smooth surfaces, especially during wood finishing and painting, and occasionally to roughen surfaces in preparation for glue. To muster the needs of urbanization and infrastructure development, the construction industry is witnessing a significant growth rate; this has instilled the use of sanding pads for smoothening floors, finishing surfaces for painting, and furniture.

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) and Others

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Furthermore, global industrial growth and the growth in DIY activities are also positively influencing the sanding pads market. The manufacturers are offering sanding pads in various grit sizes for implementation in application ranges. They are also inventing sanding pads from new materials. For instance, sanding pads consisting of silicon carbide or aluminum oxide grit with waterproof adhesive and backing. These can be used with water; water would serve as a lubricant to carry the particles away that may cause clogging in the grit.

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.

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.

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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.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 14

1.1 MARKET ATTRACTIVENESS ANALYSIS 16

1.1.1 GLOBAL SANDING PADS MARKET, BY PRODUCT 17

1.1.2 GLOBAL SANDING PADS MARKET, BACKING MATERIAL 18

1.1.3 GLOBAL SANDING PADS MARKET, END USER 19

1.1.4 GLOBAL SANDING PADS MARKET, BY REGION 20

2 MARKET INTRODUCTION 21

2.1 DEFINITION 21

2.2 SCOPE OF THE STUDY 21

2.3 RESEARCH OBJECTIVE 21

2.4 MARKET STRUCTURE 22

2.5 KEY BUYING CRITERIA 22

3 RESEARCH METHODOLOGY 23

3.1 RESEARCH PROCESS 23

3.2 PRIMARY RESEARCH 24

3.3 SECONDARY RESEARCH 25

3.4 MARKET SIZE ESTIMATION 26

3.5 FORECAST MODEL 27

3.6 LIST OF ASSUMPTIONS & LIMITATIONS 28

4 MARKET DYNAMICS 29

4.1 INTRODUCTION 29

4.2 DRIVERS 30

4.2.1 GROWING CONSTRUCTION INDUSTRY 30

4.2.2 INCREASE IN GLOBAL INDUSTRIAL PRODUCTION 30

4.2.3 GROWTH IN DIY INDUSTRIES 30

4.3 RESTRAINT 31

4.3.1 STRINGENT GOVERNMENT REGULATIONS ON THE USE OF SILICA 31

4.4 OPPORTUNITIES 31

4.4.1 SCOPE IN THE ASIA-PACIFIC REGION 31

5 MARKET FACTOR ANALYSIS 32

5.1 SUPPLY CHAIN ANALYSIS 32

5.2 PORTER’S FIVE FORCES MODEL 33

5.2.1 THREAT OF NEW ENTRANTS 33

5.2.2 BARGAINING POWER OF SUPPLIERS 34

5.2.3 BARGAINING POWER OF BUYERS 34

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