Sanding Pads Market To Register Unwavering Growth By 2023

Market Highlights:

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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Key Players:
The key players of global sanding pads market are 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), Astro Pneumatic Tool Company (U.S.) and others.

Market Research Analysis: 

On the basis of regions, the global sanding pads market is segmented as North America, Europe, Asia-Pacific and RoW. Asia-Pacific accounted for the largest market share of 40% in 2015, followed by North America. Rapid industrialization and urbanization, especially in India, China, and Japan are the key contributors of 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 Pads Market in Asia-Pacific. Asia-Pacific is expected to grow at a CAGR of 3.82% during the forecast period.

North America was the second-largest for the market, and it was valued at USD 563.5 million in 2016. The U.S. government has taken initiatives for the growth of the construction sector by building dam, airports, and roads, which have been the major factors for the growth of the market. The rest of the world accounted for a market share of 11% in 2015 and is expected to grow at a CAGR of 3.91% during the forecast period.

Scope of the Report:

This study provides an overview of the global sanding pads market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global sanding pads market as product type, backing material and end-user.

By Product Type

  • Discs
  • Wheels
  • Rolls
  • Others

By Backing Material

  • Velcro / Hook and Loop
  • Pressure Sensitive Adhesive
  • Others

By End-User

  • Construction
  • Automotive
  • Metal fabrication
  • Others

Brief TOC:

1 Executive Summary

2 Introductions

2.1 Definition

2.2 Scope of the Study

2.3 Assumptions

2.4 Market Structure

3 Research Methodologies

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

Continue…

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List of Table:

Table 1 Market Synopsis
Table 2 Global Sanding Pads Market, By Product, 2015-2023 (Usd Million)
Table 3 Global Sanding Pads Market, By Backing Material, 2015-2023 (Usd Million)

Table 4 Global Sanding Pads Market, By End-User, 2015-2023 (Usd Million)
Table 5 Global Sanding Pads Market, By Region, 2015-2023 (Usd Million)
Table 6 North America: Sanding Pads Market, By Country, 2015-2023 (Usd Million)
Table 7 North America: Sanding Pads Market, By Product, 2015-2023 (Usd Million)
Table 8 North America: Sanding Pads Market, By Backing Material, 2015-2023 (Usd Million)
Table 9 North America: Sanding Pads Market, By End-User, 2015-2023 (Usd Million)

Continue…

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