Sanding Pads Market Research Report - Global Forecast till 2027

Sanding Pads Market Research Report: Information by Product (Discs, Wheels, Rolls and others), Backing Material (Velcro/Hook and Loop, Pressure Sensitive Adhesive and others), End-User (Automotive, Metal Fabrication, Construction and others) - Forecast till 2027

ID: MRFR/IA - E/2461-CR | July 2019 | Region: Global | 107 pages

Sanding Pads Market Overview


Sanding Pads Market is poised to grow over USD 3,030 Million by 2025 at an estimated CAGR of 4.49% through the forecast period.


The global sanding pads market is very dynamic and is expected to witness high growth over the forecast period. The increase influences the growth of sanding pads market in global industrial production, growing construction industry, and growth in DIY activities. 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 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.


Moreover, after the economic recession of 2008, the economy has recovered as a result of the strong growth in rising economies, predominantly in Asia-Pacific. The rapid industrialization and urbanization, particularly in China, India, and Japan, are expected to boost the sanding pads market. Also, the automotive production in Asia-Pacific countries increased by 7.6% in 2016 compared to the previous year, mainly in China, Indonesia, Japan, and Taiwan, propelling the growth of sanding pads market.


However, the stringent government regulations on the use of silica are expected to affect employment, which further restrains the demand and sales for sanding pads during 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 exposures limits (PELs) for dust containing crystalline silica. Also, the respirable crystalline silica causes lung cancer, chronic obstructive pulmonary disease, and kidney disease. These factors restrain the use of silica thereby hindering the market growth


The global sanding pads market is expected to witness significant growth during the forecast period. In 2018, the global sanding pads market was led by Asia­-Pacific followed by North America and Europe. Asia­-Pacific dominates the global sanding pads market. Asia-Pacific is projected to dominate the sanding pad market during the forecast period. Rapid industrialization and urbanization, especially in India, China, and Japan are the key contributors to the market growth in the region. The growth in the manufacturing, automotive, and construction industries and the increase in industrial production have boosted the growth of the sanding pad market in Asia-Pacific.


North America has witnessed rapid growth in recent times and held for the second largest market in the global sanding pads market. The region has a majority of the heavy industries. The concentration of industrial activities corresponds with high demand for sanding pads in the region with industries such as automotive, aerospace and others.


Key Competitors


The key players of the global sanding pads market are 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) and.


Segmentation


The global sanding pads market has been segmented based on product, backing material, end user, and region.


The global sanding pads market by product has been segmented into discs, wheels, rolls, and others. Among these types, in 2018, the global market was led by discs segment and is projected to lead throughout the forecast period. Sanding pad discs are used for hard plating. The aggressive cutting easily blends starches from edger and drum sanders. The discs reduce dish out of springwood on the strip and plank floors. The discs are usually used for final sanding to prevent dish out of softer grains. The discs are ideal for surface prep on wood and concrete for removal of various residues.


On the basis of backing material, the market has been segmented into Velcro/hook and loop, pressure sensitive adhesive, and others. Among these products, disposable gloves have accounted for the largest market share, followed by reusable gloves. Velcro/hook and loop sanding disks usually have a fluffy back that enables them to be attached to Velcro surface of the sanders backing pad. These discs are also referred to as Velour Backed Sanding Discs. The advantage of the Velcro disc is that it can be easily removed from the sander before it is worn out so that it can be reused at a later date. The Velcro/ hook and loop sanding pads are mostly suitable for sanding paint, wood, metal, varnish, roughcast, and composite materials.


On the basis of end user, the global sanding pads market has been segmented into automotive, metal fabrication, construction, and others. In 2018, the construction segment dominated the market and projected to be dominant throughout the forecast period. Sanding pads are largely used in the construction industry in various applications such as smoothening a surface or scraping off layers of a surface, especially during painting. The construction industry is a major growth driver of the global sanding pad market. Financing, of construction projects, has also improved, which has led to improvements in technology. Also, the trend for modular and prefabricated construction is rising, which reduces construction time and cost, thereby driving the growth of the sanding pads market.


Regional Analysis


On the basis of region, the global sanding pads market is segmented into North America, Europe, Asia-Pacific (APAC), and the rest of the world (RoW).


Global Sanding Pads Market, by Region, 2018  Sanding Pads Market


Source: MRFR Analysis


Europe is expected to witness significant growth in the global sanding pads market. There is a steady growth in the construction sector in the Europe region. The region already has a well-developed construction sector and infrastructure. However, the use of innovative technologies for the construction is driving the growth of the sanding pads market. Moreover, Germany is Europe’s largest automotive market in terms of production and excellence in engineering. It is also one of the largest markets to be into export of automobiles. This booming automotive industry in Germany is driving the sanding pads market.


The rest of the world is comprised of South America and the Middle East & Africa. The rest of the world is witnessing the wide use of Sanding Pads in the mining, oil & gas, construction, and chemical industries. It is expected that the construction and oil & gas industries are expected to grow in the regions, which will maintain the need for Sanding Pads for the worker's safety during the forecast period.


Sanding pads are coated abrasives that are used for various commercial and industrial finishing purposes. A sanding pad is comprised of 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.


Synopsis


The global sanding pads market has been segmented based on the product, backing material, end user, and region. On the basis of product, the market has been segmented into discs, wheels, rolls, and others. Among this product, the discs segment is projected to be dominant throughout the forecast period. Additionally, the discs segment has also registered as the fastest growing product. On the basis of backing material, in 2018, the velcro/ hook and loop segment was dominated by the global market followed by pressure sensitive adhesive. On the basis of the end user, the construction segment is projected to be dominant throughout the forecast period. On the basis of region, Asia-Pacific has accounted for the largest market for Sanding Pads market followed by North America and Europe.


Market Segmentation



  • By Product: Discs, wheels, rolls, and others

  • By Backing Material: Velcro/hook and loop, pressure sensitive adhesive, and others

  • By End User: Automotive, metal fabrication, construction, and others


Key Questions Addressed by the Report



  • What was the historic market size (2018)?

  • Which segmentation (product/ backing material/end user) is driving market growth?

  • What will be the growth rate by 2025?

  • Who are the key players in this market?

  • What are the strategies adopted by key players?



Report Scope:
Report Attribute/Metric Details
  Market Size   2025:USD 3,030 Million
  CAGR   4.49% (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  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

  • Industrial production
  • Developing construction industry
  • Growth in DIY activities


  • Frequently Asked Questions (FAQ) :


    the sanding pads market will be gaining USD 3,030 Million by 2025.

    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.