Sanding Pads Market Size was valued at USD 2.58 Bn in 2023 and is expected to reach USD 3.55 Bn by 2031 and grow at a CAGR of 4.06% over the forecast period 2024-2031.
For finishing, polishing, and grinding operations, the sanding sheet is a harsh and wear-resistant abrasive. Metal rust and stain cleaning, cutting, finishing, and lapping activities in building and construction, fabrication, and other industrial applications are all common uses for sanding sheets. In the projected future, the worldwide Sanding Pads market is predicted to grow at a substantial rate.
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The worldwide sanding pads market is quite active, and it is predicted to develop rapidly over the next several years. The rise has an impact on the market for sanding pads in worldwide industrial production, the building sector, and DIY activities. Sanding pads are widely used in the construction sector for a variety of tasks, including smoothing surfaces and scraping off layers of paint, primarily during painting. The worldwide construction industry's expansion has fueled the global sanding pad market's growth. Furthermore, the Asia-Pacific sanding pads market is predicted to rise significantly over the forecast period, owing to the rising population and fast infrastructure development.
MARKET DYNAMICS
KEY DRIVERS
Rising global industrial production
Rising construction industry.
Increase interest in (DIY)activities.
RESTRAINTS
Increasing restrictions from the government on the use of silica.
uncertainty in the supply of basic resources
OPPORTUNITY
Continuous government s favorable initiative for construction in the infrastructure and development sector.
IMPACT OF COVID-19
The continuing COVID-19 epidemic has had a significant impact on every area of the global economy. During the pandemic, the chemicals and materials sectors were moderately affected. This is owing to the unabated need for chemicals in the healthcare, life science, and cleaning industries. Other chemical and material sectors, such as paints, industrial oil, and building materials, are experiencing a decrease in demand. Strict lockdown led in a reduction in raw material supply, which had a direct impact on the production process. Furthermore, the suspension of many end-use sectors had a direct impact on global chemical demand.
MARKET ESTIMATION
The worldwide sanding pads market is divided into discs, wheels, rolls, and other products. The discs category led the worldwide market in 2021and is expected to continue to do so during the forecast period. Hard plating is done with sanding pad discs. Edger and drum sander starches mix smoothly with the vigorous cutting. On strip and plank flooring, the discs decrease springwood dish. The discs are typically used for final sanding to prevent softer grains from dishing. The discs are suitable for removing different residues from wood and concrete surfaces.
The market has been divided into Velcro/hook and loop, pressure sensitive adhesive, and others based on the material. Disposable gloves have the biggest market share among these goods, followed by reusable gloves. Velcro/hook and loop sanding discs often feature a fluffy back that allows them to be connected to the sander's backing pad's Velcro surface. Velour Backed Sanding Discs are another name for these discs. The Velcro disc has the benefit of being readily removed from the sander before it wears out, allowing it to be reused at a later time. Paint, wood, metal, varnish, roughcast, and composite materials are commonly sanded with Velcro/hook and loop sanding pads.
The worldwide sanding pads market has been divided into automotive, metal fabrication, construction, and other end users. Construction dominated the market in 2023 and is expected to continue to do so during the forecast period. Sanding pads are widely used in the construction sector for a variety of purposes, including smoothing surfaces and scraping off layers of a surface, particularly during painting. The worldwide sanding pad market is primarily driven by the construction industry. Construction project financing has also improved, resulting in technological advancements.
ON THE BASIS OF PRODUCT
Disc
Rolls
Wheels
Others
ON THE BASIS OF MATERIAL
Pressure Sensitive Adhesive
Hook and Loop/Velcro
ON THE BASIS OF END USER
Metal Fabrication
Automotive
Construction
Others
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REGIONAL ANALYSIS
In terms of revenue, North America controlled a large share, and it is expected to retain its dominance during the projection period. In North America, the United States is expected to be a major sanding sheet market. Similarly, the Asia Pacific market is expected to grow at a significant rate throughout the forecast period. The rising building and construction sector in India and China is credited with boosting the Asia Pacific sanding sheets market.
REGIONAL COVERAGE
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The key players of these market are Mirka USA Inc., VSM Abrasives Corp, Grindwell Company, Standard Abrasives, Inc., Precision Abrasives Corporation, Mirka USA Inc. Saint-Gobain Abrasives, Inc., The 3M Company, Klingspor Abrasives,Inc., Marvel Abrasive Products, Inc., Napoleon Abrasives S.P.A. & Other Players
Mirka USA Inc-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 2.58 Billion |
| Market Size by 2031 | US$ 3.55 Billion |
| CAGR | CAGR of 4.06% From 2024 to 2031 |
| Base Year | 2022 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Product (Disc, Rolls, Wheels, Others) • by Material (Pressure Sensitive Adhesive and Hook and Loop/Velcro) • by End User (Metal Fabrication, Automotive, Construction, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Mirka USA Inc., VSM Abrasives Corp, Grindwell Company, Standard Abrasives, Inc., Precision Abrasives Corporation, Mirka USA Inc. Saint-Gobain Abrasives, Inc., The 3M Company, Klingspor Abrasives,Inc., Marvel Abrasive Products, Inc., Napoleon Abrasives S.P.A. |
| Key Drivers | •Rising global industrial production •Rising construction industry. •Increase interest in (DIY)activities. |
| Restraints | •Increasing restrictions from the government on the use of silica. •uncertainty in the supply of basic resources |
Ans: - The Sanding Pads Market Size was valued at USD 2.58 Bn in 2023.
Ans: - Continuous government s favorable initiative for construction in the infrastructure and development sector.
Ans: - The Sanding Pads Market is growing at a CAGR of 4.06 % From 2024 to 2031.
Ans: - In terms of revenue, North America controlled a large share.
Ans: - The primary growth tactics of Sanding Pads market participants include merger and acquisition, business expansion, and product launch.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Sanding Pads Market Segmentation, by Type
8.1 Disc
8.2 Rolls
8.3 Wheels
8.4 Others
9. Sanding Pads Market Segmentation, by Application
9.1 Pressure Sensitive Adhesive
9.2 Hook and Loop/Velcro
10. Sanding Pads Market Segmentation, by End-user
10.1 Metal Fabrication
10.2 Automotive
10.3 Construction
10.4 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Mirka USA Inc
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 VSM Abrasives Corp,
12.3 Grindwell Company,
12.4 Standard Abrasives, Inc
12.5 Precision Abrasives Corporation
12.6 Mirka USA Inc.
12. 7 Saint-Gobain Abrasives, Inc.
12.8 The 3M Company
12.9 Klingspor Abrasives,Inc
12.10 Marvel Abrasive Products, Inc
12.11 Napoleon Abrasives S.P.A
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
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