According to the latest market research study by Technavio, the global sanding pad market is expected to grow at a CAGR of close to 6% during the forecast period 2017 to 2021.
This report by Technavio provides a competitive analysis of the global sanding pad market regarding revenue and emerging market trends. The report also includes an up-to-date vendor analysis and forecasts for various market segments and all geographical segmentations.
Technavio research analysts categorize the market based on the end-user
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The top three revenue contributing end-user segments are discussed below
Global sanding pad market for the automotive sector: The global automotive sector is a major driver of the growth of the sander pads market. Abrasives like sanding pads are used to provide shine, precision, and glossy finish to automotive parts.
“Sanding pads are used in four main purposes in the automotive sector, which include course sanding, lacquer sanding, repair sanding, and polishing. Course sanding is a basic sanding process which treats rough surfaces after assembling automobile components and during welding work,” says Abhay Sinha, a lead analyst at Technavio.
Global sanding pad market for machinery sector: In the machinery sector, the revenue growth is likely to be higher than the consumption volume due to the introduction of customized coated abrasives for end-user applications. Machinery provides sophisticated tools for manufacturing, thereby catering to the demand for latest technologies. Rising application of sanding pads as a form of abrasives for polishing, blending, and smoothening operations in the machinery sector propels the growth of the sanding pads market.
Global sanding pad market for metal fabrication: Metal fabrication comprises of activities that require the use of various abrasives. This segment requires sanding pads to shape and provide a smooth finish to various metals. The growth of several end-user industries such as construction, automotive, aerospace and defense, and electrical equipment manufacturing, propels the metal fabrication industry. Due to the progress of these end-user industries in APAC, the region has become the major contributor to the segment.
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The top vendors operating in the global sanding pad market are:
- Bosch
- 3M
- Saint-Gobain
- Stanley Black & Decker
The other prominent vendors in the market are Astro Pneumatic, CGW, FastCap, Klingspor, Mirka, Nitto Kohki, and PineCar.
A more detailed analysis is available in the Technavio report titled, ‘Global Sanding Pad Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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