Albany, NY -- (SBWIRE) -- 04/18/2018 -- Sandpaper is primarily used to smoothen out welds, clean the interior of pipes, and to smoothen out uneven and rough surfaces and edges. Furthermore, coated sandpaper is used for finishing and grinding applications in the transportation sector. It is also used to repair and maintain the body, interiors, and accessories of an automobile. The sandpaper market is likely to expand during the forecast period due to the rising applications of sandpaper in the automobile industry. Efficient finishing parts of automobiles requires the usage of sandpaper such as sizing engine parts, deburring, and cleaning.
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Light polishing applications in auto ancillaries, automobile, hand and power tools, white goods, sanitary ware, furniture, fabrications, and construction industries witness significant usage of sandpaper. Factors such as expansion of the global construction and manufacturing markets are impel the growth prospects of sandpaper market segment in the near future.
Rise in disposable income, especially in developing countries, has led to an unprecedented demand for passenger and commercial vehicles. This is augmenting the demand for automobiles, which in turn is expected to drive the sandpaper market in the near future.
Several local and regional vendors are offering specific application sandpaper products for varied end-user industries. New entrants in the market are finding it hard to compete with international vendors based on quality, reliability, and innovations in sandpaper technology.
The sandpaper market has been segmented based on type and application. Based on type, the sandpaper market can be segmented into silicon carbide-sandpaper, aluminum oxide-sandpaper, zirconia alumina-sandpaper, ceramic alumina oxide-sandpaper, and others. In terms of application, the sandpaper market can be segregated into wood finishing, metal polishing, varnishing, and others. Based on region, the sandpaper market has been segmented into Asia-Pacific, Europe, North America, Latin America, and Middle East & Africa.
The APAC region dominates the global sandpaper and in terms of revenue, the market is estimated to reach more than US$ 33 Bn by the end of 2020. Factors such as rapid economic development and the increase in per capita income in the region are estimated to propel the market during the predicted period. Moreover, expansion of the market is also due to the rise in demand for sandpaper from transportation and construction industries in APAC. The Global sandpaper market consists of different international, regional, and local vendors. The market competition is likely to intensify further due to the rise in technological innovation and M&A activities in the near future.
Key players operating in the global sandpaper market includes Saint-Gobain, Klingspor, 3M, Mirka, Hermes, Hubei Yuli, Changzhou Kingcattle, Shandong Boss Abrasive, and Keystone.
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