Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Sanding Pads Market_Written by Sourjya

Sanding Pads Market Can Grow with 4.19% CAGR During the Forecast Period (2017-2023):
MRFR
The sanding pads market is growing in sync with the construction sector. A coated abrasive,
sanding pad has a sander power tool that assists in smoothening of the surface area. It has several
industrial and commercial applications, and variety to serve multiple purposes. Much of the global
traction sanding pads are gaining is from the construction sector, where it has prolific use in
plaining surface area or removing scrapes. Painting industry is also providing necessary thrust. In
addition, market innovation is providing greater scope for sanding pads. Latest models from 3M to
remove dust from machines are a good example of that. The global sanding pads market is all set to
score a moderate 4.19% CAGR during the forecast period (2017-2023) and surpass a market
valuation of USD 2,764 million by 2023.
Market Research Future’s (MRFR’s) report encompasses segmental analysis and drivers that can
impact the sanding pads market considerably. Among the drivers, the construction industry is
proving to be the main booster. Other industries are also creating scope for market growth. The
versatile product range is also helping the industry gain much foothold by diversifying its utility
across verticals.
However, the sanding pads market can face some heat from the stringent regulations regarding the
use of silica. This can have a plateaued effect on the market,but product innovation can guarantee
safe passage for the sanding pads market growth in the coming years.
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Segmentation:
The global sanding pads market can be segmented by product, backing material, and end-users.
Product-wise, the sanding pads market include disc, wheels, rolls, and others.
Based on the backing material, the sanding pads market can be segmented into velcro/hook and
loop.
Based on the end-users, the sanding pads market can be segmented into automotive, construction,
metal fabrication, and others. Wet sanding pad’s ability to provide scratch-free smoothening has a
lot of impact in the automobile sector. In addition, in 3D prints, it is often used for a mirror-smooth
look.
Regional Analysis:
Geographically, the sanding pads market can be segmented into North America, Europe, Asia Pacific
(APAC), and Rest-of-the-World (RoW).
The APAC region is, at present, dominating the market with substantial revenue. The regional
market is getting the benefits of robust construction industry in the region which is getting ample
back up from the local governments. Emerging economies of the region require the construction
sector to have a solid foothold which is proving beneficial for the sanding pads market. Automobile
sector, on the other hand, is having a great run as the market behemoths are seeking out spaces in
the region to extend their production facilities and satisfy their growth desire. The region accounts