What is Sandpaper Market?
Sandpaper consists of coated sheet of paper with abrasive materials glued on one side. It made of minerals such as aluminum oxide or garnet and has sharp points or edges. It is used to remove a material from one side to make a surface smoother or rougher such as painting, wood finishing and others. In addition, it has the application in transportation sector which is used to maintain and repair the body, interiors and accessories of an automobile. This wide range of applications is increasing the market growth
The market study is being classified by Type (Silicon carbide-sandpaper, Aluminum oxide-sandpaper, Zirconia alumina-sandpaper, Ceramic alumina oxide-sandpaper and Others), by Application (Wood finishing, Metal polishing, Varnishing and Others) and major geographies with country level break-up.
3M (United States), Saint-Gobain (France), Klingspor (Germany), Mirka (Finland), Hermes (France), Changzhou Kingcattle (China), Shandong Boss Abrasive (China), Keystone (United States), Ekamant (Sweden) and Nihon Kenshi (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Sankyo-Rikagaku (Japan) and Deerfos (Brazil).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Sandpaper market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Sandpaper market by Type, Application and Region.
On the basis of geography, the market of Sandpaper has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing construction and manufacturing market is fueling the market
- Applications of sandpaper in various industries
Restraints
- Availability of alternative products for smoothening the surfaces
Opportunities
- Increasing disposable income in developing economies
- Increasing demand for passenger and commercial vehicle
Challenges
- Stiff competition among the major players
Market Leaders and some development strategies
On 2nd May 2019, 3M has acquired Acelity which is a global advanced wound care company. and On 19th December 2018, 3M has acquired M*Modal which provides a cloud based clinical documentation solutions for speech recognition.
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations and Others