Sanding Pads Market Global Research Report 2019 Analysis & Forecast To 2025
Global Sanding Pads Market
Sanding Pads Market Share, Size, Trends, Analysis, Research, Review, Applications and Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2023. Sanding Pads Industry report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023.
The increasing importance of power sanders due to the increasing popularity of DIY projects is expected to benefit overall market growth. Reports that evaluate the industrial and automation equipment industry have been made available by Market Research Future which creates reports on several industry verticals that review the market growth and prospects. The market is predicted to capture revenues worth USD 2,764 million while progressing with a CAGR of 4.19% in the forecast period.
The escalated development rate of the construction industry globally is expected to play a vital role in the development of the market. Moreover, the mounting use of rock materials in structures is expected to raise the demand for sanding pads. As sanding pads enable to hard-to-reach areas, the sanding pad market is expected to gather traction in the upcoming period.
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Segmentation:
The global sanding pads market can be segmented by product, backing material, and end-users.
Product-wise, the sanding pads market include disc, wheels, rolls, and others.
Based on the backing material, the sanding pads market can be segmented into velcro/hook and loop.
Based on the end-users, the sanding pads market can be segmented into automotive, construction, metal fabrication, and others. Wet sanding pad’s ability to provide scratch-free smoothening has a lot of impact in the automobile sector. In addition, in 3D prints, it is often used for a mirror-smooth look.
Regional Analysis:
Geographically, the sanding pads market can be segmented into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
The APAC region is, at present, dominating the market with substantial revenue. The regional market is getting the benefits of robust construction industry in the region which is getting ample back up from the local governments. Emerging economies of the region require the construction sector to have a solid foothold which is proving beneficial for the sanding pads market. Automobile sector, on the other hand, is having a great run as the market behemoths are seeking out spaces in the region to extend their production facilities and satisfy their growth desire. The region accounts for almost 40% of the global market as per the reports published in 2015. Among the major contributors, India, China, and Japan can be named. A 3.82% CAGR is written on the cards for the sector during the forecast period.
North America is also gaining much limelight. With the revamping automobile sector and robust construction sector, the region can expect significant mileage during the forecast period. The forecast suggests a leap from USD 546.6 million in 2015 to USD 728 million by 2023.
Competitive Landscape:
Prominent players of the global sanding pads market profiled in the report are 3M Company (U.S.), Robert Bosch Tool Corporation (U.S.), SAIT Abrasivi S.p.A (Italy), Keystone Abrasives (U.S.), Saint-Gobain Abrasives (U.S.), Mirka Ltd. (Finland), Abrasiflex Pty Ltd (Australia), Klingspor AG (Germany), Abcon industrial products Ltd (Ireland), Astro Pneumatic Tool Company (U.S.) and others.
In June 2018, Festool USA and Festool Canada introduced their new abrasive product Multi-Jetstream 2 with a variety of 150mm/6” pads, from ultra-soft to hard. The product has an active dust conveying system. Its advanced exhaust air system increases suction power and ensures a virtually dust-free abrasion system.
In September 2018, TruCut introduced a new sanding pad which can add shine to a bowling ball. Manufactured from the naturally sourced silicon carbide, the material can perfectly work with 500, 1000, 1500, and 2000 grit pads.
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