Sanding Pads Market Research Report - Global Forecast till 2030

Sanding Pads Market Research Report: Information 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

ID: MRFR/IA - E/2461-CR | 110 Pages | Published By Varsha More on November 2022         

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Sanding Pads Market

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

Segmentation
By Product Discs Wheels Rolls others
By Backing Material Velcro/Hook and Loop Pressure Sensitive Adhesive others
By End-User Automotive Metal Fabrication Construction others
Key Players
Companies Profiled   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)
Drivers
Market Driving Forces   New product launches and R&D Amongst major key Players    Industrial production    Developing construction industry    Growth in DIY activities
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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 Market Overview


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.


Drivers:



  • Growing Construction Industry


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


Restraint:



  • Stringent Government Regulations on the use of silica


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.


Opportunities:



  • Scope in the Asia-Pacific Region


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


By Product


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  (%)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.


Competitive Landscape


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.)


Recent Developments


Few developments that occurred in recent times influencing the market growth of gardening tools are listed below:



  • In June 2022, Mirka announces the acquisition of 100% of the shares of the Finnish robotics company Flexmill, based in Nurmijärvi outside of Helsinki. The acquisition gives Mirka the possibility to offer complete solutions and integration services for automated and robotized surface finishing.


Scope of the Report


Global Market, by Product



  • Discs

  • Wheels

  • Rolls


Global Market, By Backing Material 



  • Velcro/Hook and Loop

  • Pressure Sensitive Adhesive


Global Market, by End User



  • Construction

  • Automotive

  • Metal Fabrication


Global Sanding Pads Market, by Region




  • North Americ

    • US

    • Canada

    • Mexico




  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • Rest of Europe




  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia & New Zeland

    • Rest of Asia-Pacific




  • Rest of the World

    • South America

    • Middle East

    • Africa




Intended Audience



  • Construction Industry

  • Metal Fabrication sector

  • Automotive manufacturers

  • Wholesalers and Distriutors

  • Investors & Government Institutions



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 3,443.80 million
  CAGR   4.04%
  Base Year   2021
  Forecast Period   2022-2030
  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

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


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    Frequently Asked Questions (FAQ) :

    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.