Market Research Future published a research report on “Sanding Pads Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Pune, India -- (SBWire) -- 01/25/2018 --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

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 and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Sanding Pads Market.

Sanding Pads Global Market – Overview

The Global Sanding Pads Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of Sanding Pads will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2027, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2027).

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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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.

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 construction industry across the globe has augmented the rise in global sanding pad market. Furthermore, with increasing population and rapid infrastructure development in Asia-Pacific region, the sanding pads market is expected to achieve significant growth in the forecast period.

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. In addition, the automotive production in Asia-Pacific countries increased by 7.6% in 2016 compared to previous year, mainly in China, Indonesia, Japan and Taiwan, propelling the growth of sanding pads market.

The growth in the Do it yourself (DIY) activities is one of the key drivers of the global sanding pads market. DIY practices encourage household consumers to manufacture and create products from scratch, this results in the use of raw materials. Sanding pad is a raw material used for smoothening, removal of materials and scraping off layers from surfaces. Acceptance of DIY culture is very low in the Asia-Pacific region, hence the market is mostly concentrated in the western countries.

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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.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 the 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. 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.

Industry/ Innovation/ Related News:

February, 2013 - 3M continued its expansion of manufacturing capacity in key growth markets. The company also invests across 3M's many businesses such as abrasives, industrial adhesives and tapes, advanced materials, electronics-related, infection prevention and other businesses.

November, 2012– 3M introduces 3M Trizact 5000 Sanding Discs and Hand Sheets. The 3M Trizact 5000 Sanding Discs and Hand Sheets are an innovation that changed the process for paint repair and gave painters better results and improve cycle time and customer satisfaction.

May, 2017 – Saint Gobain launched Cyclonic; for a range of sanding products under the Norton brand. It Includes sanding discs, pre-cut rolls and accessories for both hand and machine sanding.

August, 2013 - Saint-Gobain Abrasives has launched a new range of sandpaper under the Norton brand. The company offeres the highest quality abrasive types in a range of shapes, whole configurations and grit sizes for all sanding needs.

September, 2016 - Klindpor established of State of art diamond production facility at Ukraine. This extremely powerful plant is built alongside the already existing abrasive mop facility, to meet the growing demands of the abrasive market.

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Sanding Pads Market – Segmentation

The Global Sanding Pads Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Product : Comprises Disc, Wheels, Rolls, and Others.

Segmentation by Backing Material: Comprises Velcro / Hook and Loop, Pressure Sensitive Adhesive, and Others

Segmentation by End User : Comprises Automotive, Construction, Metal Fabrication and Others

Segmentation by Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Sanding Pads Market: Regional Analysis

Asia-Pacific region dominates the global sanding pads market. It accounts for the largest share of 40% in the global sanding pads market in 2015. Rapid industrialization and urbanization, especially in India, China, and Japan are the key contributors of the market growth in the region. Asia-Pacific region is expected to grow at a CAGR of 3.82% during the forecast period. North America is another major region which is expected to register high growth rate during the forecast period.

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