Sanding Pads Market Global Research Report 2019 Analysis & Forecast to 2023
Posted: Feb 18, 2019
Global Sanding Pads Market Information by Product (Disc, Wheels, Rolls, and Others), by Backing Material (Velcro / Hook and Loop, Pressure Sensitive Adhesive, and Others), by End-User (Automotive, Construction, Metal Fabrication and Others) and by Region - Forecast to 2023
Sanding pads are coated abrasives that are used with sander power tool to smoothen surfaces. They are majorly used in industrial and commercial sanding applications. Different types of sanding pads are available for different surfaces. The growing construction industry across the globe, is the primary driving factor of the sanding pads market. Sanding pads are largely used in the construction industry for various applications such as smoothening a surface and scraping off layers of a surface, mainly during painting. Hence, the growth of construction industry across the globe has augmented the rise in global sanding pad market. However, stringent government regulations on the use of silica, is the factor that may hamper the growth of market.Global sanding pads market is projected to reach USD 2,764 million by 2023, with a CAGR of 4.19% from 2017 to 2023.
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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.
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.
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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