Sandpaper Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Sandpaper Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Chemicals

Report Description

Sandpaper is primarily used to smoothen out welds, clean the interior of pipes, and to smoothen out uneven and rough surfaces and edges. Furthermore, coated sandpaper is used for finishing and grinding applications in the transportation sector. It is also used to repair and maintain the body, interiors, and accessories of an automobile. The sandpaper market is likely to expand during the forecast period due to the rising applications of sandpaper in the automobile industry. Efficient finishing parts of automobiles requires the usage of sandpaper such as sizing engine parts, deburring, and cleaning.

Light polishing applications in auto ancillaries, automobile, hand and power tools, white goods, sanitary ware, furniture, fabrications, and construction industries witness significant usage of sandpaper. Factors such as expansion of the global construction and manufacturing markets are impel the growth prospects of sandpaper market segment in the near future.

Rise in disposable income, especially in developing countries, has led to an unprecedented demand for passenger and commercial vehicles. This is augmenting the demand for automobiles, which in turn is expected to drive the sandpaper market in the near future.

Several local and regional vendors are offering specific application sandpaper products for varied end-user industries. New entrants in the market are finding it hard to compete with international vendors based on quality, reliability, and innovations in sandpaper technology.

The sandpaper market has been segmented based on type and application. Based on type, the sandpaper market can be segmented into silicon carbide-sandpaper, aluminum oxide-sandpaper, zirconia alumina-sandpaper, ceramic alumina oxide-sandpaper, and others. In terms of application, the sandpaper market can be segregated into wood finishing, metal polishing, varnishing, and others. Based on region, the sandpaper market has been segmented into Asia-Pacific, Europe, North America, Latin America, and Middle East & Africa.

The APAC region dominates the global sandpaper and in terms of revenue, the market is estimated to reach more than US$ 33 Bn by the end of 2020. Factors such as rapid economic development and the increase in per capita income in the region are estimated to propel the market during the predicted period. Moreover, expansion of the market is also due to the rise in demand for sandpaper from transportation and construction industries in APAC. The Global sandpaper market consists of different international, regional, and local vendors. The market competition is likely to intensify further due to the rise in technological innovation and M&A activities in the near future.

Key players operating in the global sandpaper market includes Saint-Gobain, Klingspor, 3M, Mirka, Hermes, Hubei Yuli, Changzhou Kingcattle, Shandong Boss Abrasive, and Keystone.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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