Global Sanding Pads Market Overview:
Sanding pads are coated abrasives used in a variety of commercial and industrial applications. Sandpaper, a form of coated abrasive, is applied to a backing of fibre, plastic, paper, or sponge in a sanding pad. They are mainly used to polish and smooth surfaces. Sanding pads of various grit sizes are used depending on the soil.
Growth Drivers
- Growing Construction Industry
- Increase In Global Industrial Production
- Growth In DIY Activities
Market Trends
- Introduction of New Innovative Products
Roadblocks
- Stringent Government Regulations On The Use Of Silica
Opportunities
- Scope In The Asia-Pacific Region
- Forward Integration in Abrasive market
Challenges
- Lack of knowledge on specifications of sanding pads
- Volatile price of resin and declining margins
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Robert Bosch Tool Corporation (United States), 3M Company (United States), Saint-Gobain Abrasives (United States), SAIT Abrasivi S.p.A (Italy), Keystone Abrasives (United States), Klingspor AG (Germany), Mirka Ltd. (Finland), Abrasiflex Pty Ltd (Australia), Abcon industrial products Ltd (Ireland) and Astro Pneumatic Tool Company (United States). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Sanding Pads market by 2026. Considering Market by Backing Material, the sub-segment i.e. Velcro/hook and loop will boost the Sanding Pads market. Considering Market by End User, the sub-segment i.e. Automotive will boost the Sanding Pads market.
What Can be Explored with the Sanding Pads Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Sanding Pads Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Sanding Pads
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Sanding Pads market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Sanding Pads market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.