ID: MRFR/IA - E/2461-CR | 110 Pages | Published By Varsha More on November 2022
Sanding Pads Market growth will have a value of USD 3,443.8 millionn and a higher CAGR of 4.04% in the forecast period by 2030
The Global Sanding Pads Market is projected to register a CAGR of 4.04% and reach a value of USD 3,443.8 million by 2030.
Sanding pads are coated abrasives that are used for various commercial and industrial finishing purposes. A sanding pad is comprised of a sandpaper, which is a type of coated abrasive, attached to a backing of fiber, plastic, paper, or sponge. They are primarily used for smoothening and polishing surfaces. Depending on the surface, sanding pads of different grit sizes are employed.
Sanding pads are coated abrasives that are used with a 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. They are primarily used in applications such as construction, automotive refinishing, wood processing, and metal processing.
Sanding Pads Market Dynamics
The global sanding pads market is projected to record a CAGR of 4.04% during the forecast period. The global sanding pads market is a very dynamic market and is expected to witness high growth over the forecast period. The growth of the sanding pads market is influenced by the increase in global industrial production, the growing construction industry, and the growth in DIY activities. However, stringent government regulations on the use of silica can hinder the growth of the 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. The growth of the construction industry across the globe has augmented the rise in the global sanding pad market. Furthermore, with increasing population and rapid infrastructure development in the Asia-Pacific region, the sanding pads market is expected to achieve significant growth in the forecast period
Silica is a common oxide form of silicon and silicon carbide is used as a raw material for the production of sanding pads. Occupational Safety and Health Administration (OSHA) has issued rules on permissible exposure limits (PELs) for dust containing crystalline silica. Long exposure to crystalline silica particles could lead to health problems. Inhaling very small crystalline silica particles that are respirable, causes multiple diseases including silicosis, an incurable lung disease that can lead to disability and death. Respirable crystalline silica also causes lung cancer, chronic obstructive pulmonary disease, and kidney disease. These factors restrain the use of silica thereby hindering market growth.
The Asia-Pacific region is the most attractive market for sanding pads, owing to the rapid growth in industries such as automotive, construction, and metal fabrication in the region. The growth of this region is supplemented by the increase in consumption and production of industrial products in developing economies such as India and China. A rise in disposable income, especially in developing countries has led to an increase in demand for passenger vehicles, thus improving the growth prospects of the sanding pads market in the years to come.
Sanding Pads Market Segment Overview
Based on Product, the global Global Sanding Pads market has been divided into Discs, Wheels, Rolls, and Others. The Discs segment accounted for the largest market share of 37.5% in 2021 and is likely to register the highest CAGR of 4.35% during the projected period.
By Backing Material
Based on Material Type, the global Global Sanding Pads market has been categorized into Velcro/Hook and Loop, Pressure Sensitive Adhesive, and Others. The Velcro/Hook and Loop segment accounted for the largest market share of 49.41% in 2021 whereas the pressure sensitive adhesive is expected to register the highest CAGR of 4.16% during the projected period.
By End User
Based on End User, the global Global Sanding Pads market has been divided into Construction, Automotive, Metal Fabrication, and others. The automotive industry segment accounted for the largest market share of 35.00% in 2021 whereas construction is likely to register the highest CAGR of 4.93% during the projected period.
Global Sanding Pads Market Share, by Region, 2021 (%)Types: MRFR Analysis
Sanding Pads Market Regional Analysis
By region, the Global Global Sanding Pads Market has been divided into, North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific accounted for the largest market share of 41.16% in 2021 and is expected to register the highest CAGR of 4.30%. North America was the second-largest market in 2021 and is projected to exhibit a CAGR of 3.79% during the review period.
The market comprises tier-1, tier-2, and local players. The tier-1 and tier-2 players have a global reach and diverse product portfolios. Companies such as Robert Bosch Tool Corporation (U.S.), 3M Company (U.S.), Saint-Gobain Abrasives (U.S.), Klingspor AG (Germany), and Mirka Ltd. (Finland), dominate the global market due to brand reputation, product differentiation, financial stability, and diversified regional presence.
Prominent players in the Global Global Sanding Pads Market include Robert Bosch Tool Corporation (U.S.), 3M Company (U.S.), Saint-Gobain Abrasives (U.S.), SAIT Abrasivi S.p.A (Italy), Keystone Abrasives (U.S.), Klingspor AG (Germany), Mirka Ltd. (Finland), Abrasiflex Pty Ltd (Australia), Abcon industrial products Ltd (Ireland), and Astro Pneumatic Tool Company (U.S.)
Few developments that occurred in recent times influencing the market growth of gardening tools are listed below:
Scope of the Report
Global Market, by Product
Global Market, By Backing Material
Global Market, by End User
Global Sanding Pads Market, by Region
|Market Size||USD 3,443.80 million|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product ,Backing Material and End-User|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Robert Bosch Tool Corporation (US), 3M Company (US), Saint-Gobain Abrasives (US), SAIT Abrasivi SpA (Italy), Keystone Abrasives (US), Klingspor AG (Germany), Mirka Ltd. (Finland), Abrasiflex Pty Ltd (Australia), Abcon industrial products Ltd (Ireland), Astro Pneumatic Tool Company (US)|
|Key Market Opportunities||New product launches and R&D Amongst major key Players|
|Key Market Drivers||
the sanding pads market will be gaining USD 3,443.80 million by 2030
Industrial production, developing construction industry, and growth in DIY activities are the factors leading to sanding pads market’s growth.
The Asia Pacific leads the global sanding pads market in the forecast period.
3M Company (US), Robert Bosch Tool Corporation (US), SAIT Abrasivi SpA (Italy), Keystone Abrasives (US), Saint-Gobain Abrasives (US) are the top key players investing in the market share of sanding pads market.