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(Transportation-News.com, June 20, 2018 ) Woodridge, USA Jun 2018(News) - Sanding can be done by machine or by hand. A power or electric sander undoubtedly provides the fastest sanding. There are only two type of power sanders: The growth in the DIY market is a key driver of the Global Sanding Pad Market. DIY practices encourage household consumers to manufacture and create products from scratch. The vibrating sander gives very short, fast in-line strokes, which will result in beautifully smooth surfaces. The vibrating sander is excellent for the final sanding. The finishing sander is the best for all around use.
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According to the MRFR team, one of the major drivers for this market is growth in DIY activities. Sanding pad is a raw material used for smoothening, removal of materials, and scraping off layers from surfaces. Advancement towards precise, flat, laser-cut holes, instead of die-punched holes, dramatically increases surface area contact.
Key Players:
• 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.
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Objective of Global Sanding Pads Market Analysis & Forecast, from 2017 to 2023:
• To provide detailed analysis of the market structure along with forecast for the next ten years of the various segments and sub-segments included in global sanding pads market with analysis of its development and demand in the market
• High growth geographies and countries were identified
• Regional and country specific demand and forecast for global Sanding Pads were studied
• Key segments covered in the report are: products, backing material, end-user and region
• Unit breakdown for all different classification was finalized; and same was referred for forecasting, keeping few assumptions into factor
• For all the regions, forecast demand for all applications were identified and then with historical figure, data collected through primary and annual reports were triangulated to derive the regional market size
• Historical trend is identified to forecast and estimate the future value data
Target Audience:
• Manufactures
• Raw materials suppliers
• Aftermarket suppliers
• Research institute & education institute
• Potential investors
• Key executive (CEO and COO) and strategy growth manager
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Key Findings:
• Global sanding pads market is expected to reach USD 3,874.4 million by 2023.
•By Product, Discs segment dominate the global sanding pads market with share of 37% in 2015, in terms of value. It is expected to grow at 4.48% CAGR during the forecast period
• By backing material, Velcro/ hook and loop segment dominate the global sanding pads market with share of 50% in 2015, in terms of value. It is expected to grow at 4.25% CAGR during the forecast period.
By end user, Construction segment dominate the global sanding pads market with a share of 35% in 2015, in terms of value.
• Geographically, Asia Pacific region has been projected to have the largest market share in global Sanding pads market followed by North America.
Regional and country analysis of global sanding pads market estimation and forecast:
Asia-Pacific is projected to dominate the sanding pad market during the forecast period. Rapid industrialization and urbanization, especially in India, China, and Japan are the key contributors of the market growth in the region. The growth in the manufacturing, automotive, and construction industries and the increase in industrial production have boosted the growth of the sanding pad market in Asia-Pacific.
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