The widespread utilization of sanding pads in the construction industry, serving purposes like surface smoothening and paint layer removal, has significantly propelled the growth of the global sanding pad market. These versatile tools find application across various construction activities, playing a crucial role in enhancing surface quality. The expanding construction sector worldwide has become a major driving force behind the escalating demand for sanding pads. Particularly, the robust infrastructure development and surging population in the Asia-Pacific region are anticipated to contribute significantly to the substantial growth foreseen in the sanding pads market during the forecast period.
Furthermore, the revival of the global economy post the 2008 economic recession has spurred industrial production across the globe. Notably, the remarkable growth observed in emerging economies, especially in Asia-Pacific nations like China, India, and Japan, has played a pivotal role in the recovery. This surge in industrialization and urbanization has become a key factor driving the sanding pads market. The positive economic trajectory has witnessed a substantial rise in industrial output, with a notable emphasis on sectors such as manufacturing and automotive.
In the aftermath of the economic downturn, the Asia-Pacific region, spearheaded by China, has emerged as an industrial powerhouse, driving global industrial production. The increased urbanization and rapid industrial growth in countries like China, India, and Japan have created a conducive environment for the sanding pads market to flourish. This trend is further underscored by the significant upswing in automotive production within the Asia-Pacific region. Notably, countries like China, Indonesia, Japan, and Taiwan witnessed a commendable 7.6% increase in automotive production in 2016 compared to the previous year. This surge in manufacturing activities, particularly in the automotive sector, has become a substantial driver for the growth of the sanding pads market.
In conclusion, the symbiotic relationship between the flourishing construction industry and the surge in global industrial production, particularly in the dynamic Asia-Pacific region, is poised to fuel significant growth in the sanding pads market. The continuous development of infrastructure, along with the expansion of industrial sectors, promises a robust and prosperous outlook for the sanding pad market in the foreseeable future.
Report Attribute/Metric | Details |
---|---|
Market Opportunities | Technological advancements |
Market Dynamics | Growing construction and DIY industry and increasing demand for sanding pads in the automotive and construction industries |
Global Sanding Pads Market Size was valued at USD 2.6 Billion in 2023. The Sanding Pads market End User is projected to grow from USD 2.71 Billion in 2024 to USD 3.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.64% during the forecast period (2024 - 2032). Growing demand for sanding pads in the automotive and construction industries, as well as a growing DIY and construction sector, are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Sanding pads are widely used in the construction sector for a variety of tasks, including surface smoothing and layer removal, especially while painting. The expansion of the worldwide construction sector has contributed to the growth of the sanding pad market. Furthermore, the market for sanding pads is anticipated to increase significantly over the course of the projected period due to population growth and the rapid development of infrastructure. One of the main factors propelling the market for sanding pads is the rise in Do It Yourself (DIY) activities. The utilisation of raw materials stems from DIY practises that encourage household users to produce and construct goods from scratch. A raw material called a sanding pad is used to smooth, remove, and scrape off layers from surfaces. This element has eventually improved the market for sanding pads' growth.
The construction sector is expanding quickly to meet the demands of urbanisation and infrastructure development, which has encouraged the use of sanding pads to polish surfaces for painting and for furniture as well as to smooth out flooring. Additionally, the market for sanding pads is benefiting from the expansion of the world's industries as well as the rise in do-it-yourself projects. Sanding pads of different grit sizes are available from the manufacturers for use in a variety of application areas. They are also developing brand-new materials for sanding pads. For instance, sanding pads with aluminium oxide or silicon carbide grit and waterproof backing. These can be used in conjunction with water, which acts as a lubricant to remove any particles that might form a blockage in the grit.
When building bridges and other structures, sanding pads are used in metalworking processes including weld preparation and welding seam smoothing. Sanding pads are also used on floors, ramps, steps, and stairways in construction buildings, all of which are prone to slipping. Similar to this, many building materials are created using mechanical and abrasive processes including grinding, lapping, polishing, and others. Diamond-tipped saw blades, abrasive compounds, and cutting and grinding discs are all used in the construction industry. During the forecast period, the construction sector is likely to grow as a result of a variety of factors, including an increase in disposable income, increased urbanisation, and a culture of independence in the industry. The construction business is expanding as a result. US Census Bureau claims. Construction spending was projected to total US$1,552.2 billion in June 2021 on a seasonally adjusted yearly basis, 0.1 percent (1.2 percent) more than the previously forecast US$1,551.2 billion in May. Hence Construction will contribute to the growth of the global sanding pads market during the forecast period due to the significant increase occurring internationally.Thus, driving the Sanding Pads market revenue.
The global Sanding Pads market segmentation, based on Product, includes Discs, Wheel, Rolls, and Others. Discs segment dominated the global market in 2022. Hard plating is done with sanding pad discs. Starches from edger and drum sanders are easily blended thanks to the forceful cutting. On strip and plank flooring, the discs lessen springwood's tendency to dish. The final sanding is typically done using discs to prevent dishing of the softer grains. The discs are perfect for surface preparation on concrete and wood to remove different residues.
The global Sanding Pads market segmentation, based on Backing Material, includes Velcro/ Hook and Loop, Pressure Sensitive Adhesives, and Others. Velcro/ hook and loop segment dominated the global Sanding Pads market in 2022. The fluffy back of Velcro/Hook and Loop sanding discs makes it possible for them to be fastened to the Velcro surface of the sander's backing pad. The name Velours Backed Sanding Discs is another name for these discs. The velcro disc has the benefit of being simple to remove from the sander before it wears out, allowing for future reuse. The majority of materials that can be sanded with Velcro/hook and loop sanding pads include paint, wood, metal, varnish, roughcast, and composites. Therefore, increasing Velcro/Hook and Loop usage as sanding pad backing material has a beneficial impact on market expansion.
The global Sanding Pads market segmentation, based on End User, includes Construction, Automotive, Metal Fabrication, and Others. Automotive segment dominated the global market in 2022. Abrasives, such sanding pads, are utilised in the automotive sector to give parts a precise, shiny, and glossy finish. In addition to being used to prepare for welding work, sanding is also used to smooth down rough surfaces after assembling automotive components. Over the next several years, it is anticipated that the segment share of sanding pads would grow enormously due to the global automobile industry's explosive growth.
Figure 1: Global Sanding Pads Market, by End User, 2022 & 2032 (USD Billion)
Source:Â Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Sanding Pads Market dominated this market in 2022 (45.80%). During the anticipated period, the region's expanding construction industry is anticipated to fuel market growth for sanding pads. Additionally, it is anticipated that over the anticipated timeframe, growing urbanisation and industrial growth in the US and Canada would further drive market share. Additionally, it is anticipated that the market for sanding pads will boom in the upcoming years due to the introduction of new creative products in these nations.Further, the U.S. Sanding Pads market held the largest market share, and the Canada Sanding Pads market was the fastest growing market in the North America region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: GLOBAL SANDING PADS MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Sanding Pads market accounted for the healthy market share in 2022. This is because a number of reasons are now driving the market for sanding pads. Additionally, businesses in this region are starting to use cutting-edge equipment, which goes hand in hand with the growing demand for supply chain integration. Due to their capacity for communication with stakeholders and the optimisation of complex logistics schedules, automation solutions are luring enterprises in.Further, the German Sanding Pads market held the largest market share, and the U.K Sanding Pads market was the fastest growing market in the European region.
The Asia Pacific Sanding Pads market is expected to register significant growth from 2023 to 2032. This is due to the region's booming automotive, construction, and metal fabrication industries. The expansion of this region is aided by the rise in the production and consumption of industrial goods in emerging markets like China and India. Increased demand for passenger automobiles as a result of rising disposable income, particularly in developing nations, has improved the market for sanding pads' growth prospects in the years to come. Moreover, China’s Sanding Pads market held the largest market share, and the Indian Sanding Pads market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Sanding Pads market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Sanding Pads Industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Sanding Pads Industry to benefit clients and increase the market sector. In recent years, the Sanding Pads Industry has offered some of the most significant advantages to medicine. Major players in the Sanding Pads market, including 3M Company, Mirka Limited, Saint-Gobain Abrasives, Kingspor Ag, Robert Bosch Tool Corporation, Sait Abrasivi S.P.A, Keystone Abrasives, Abrasiflex Pty Ltd, Abcon Industrial Products Ltd., and Astro Pneumatic Tool Company, are attempting to increase market demand by investing in research and development operations.
Manufacturer and marketer of consumer and industrial goods is Henkel AG & Co KGaA (Henkel). Adhesives, sealants, functional coatings, hair cosmetics, hair salon supplies, oral care, skin care, body care, laundry detergents and additives, hard surface cleaners, toilet care, air care, and insect control products are among the company's product offerings. The brand names Persil, Purex, Pril, Dial, Dynamo, Bref, Schwarzkopf, Syoss, Loctite, Technomelt, and Bonderite are used by the corporation to sell these products. The company works with numerous publishers and producers of fabrics, furniture, computers, books, periodicals, and packaging. The business runs its operations all over the world. Germany's Dusseldorf serves as the company's headquarters. Henkel purchased all of the US-based Molecule Corp.'s shares in May 2019. The technology portfolio of the adhesives technologies business unit in the areas of 3D printing and industrial inkjet solutions is strengthened by this acquisition.
A provider of technology and services, Robert Bosch GmbH (Bosch) is a division of Robert Bosch Stiftung GmbH. The business provides a broad range of goods and services, including automotive components and accessories, e-bike systems, automotive technology, home appliances, security systems, solar inverters, packaging technology, industry solutions, and business process management solutions. The company serves clients in the automotive, consumer electronics, and BPO sectors in the Americas, Europe, Asia Pacific, and Africa along with sales and service partners, subsidiaries, and local businesses. The headquarters of Bosch are in Stuttgart, Germany. Bosch developed a two-step grinding system for angle grinders in May 2018 to expand its new product line in the abrasives category and enable a greater removal rate and finer surfaces. Time can be saved by using the abrasive product by up to 25%. The company's product line has been strengthened by the introduction of this new product.
3M Company
Mirka Limited
Kingspor Ag
Robert Bosch Tool Corporation
Sait Abrasivi S.P.A
Abrasiflex Pty Ltd
Abcon Industrial Products Ltd.
Astro Pneumatic Tool Company
May 2018 At The Architect Fair 2018, Saint-Gobain Group in Thailand unveiled a brand-new abrasive product called "Weber by Norton." The first of several upcoming new products was the "Weber by Norton" diamond blade line. A new assortment of goods, including 4" diamond blades, thin wheels, GC grinding wheels, flap discs, and fibre discs, are now being sold by the company in Thailand under the Weber brand. The company's cooperation with the Weber Team in Thailand led to the introduction of this innovative product.
Discs
Wheel
Rolls
Others
Velcro/ Hook and Loop
Pressure Sensitive Adhesives
Others
Construction
Automotive
Metal Fabrication
Others
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)