Sandpaper Market - Global Industry Analysis 2016 - 2020 and Opportunity Assessment 2021 - 2031
Sandpaper Market Segmented By Silicon Carbide, Aluminum Oxide, Zirconia Alumina, Ceramic Alumina Oxide Sandpaper for Wood Finishing, Metal Polishing, Varnishing for Regular Sanding, Wet Sanding technology
Sandpaper Market Forecast and CAGR
Sandpapers have progressed from traditional methods to the contemporary methods. Sandpaper is used to smooth out welds, clean the insides of pipes, and smooth out uneven and rough surfaces and edges. It's also used to fix and maintain an automobile's body, interiors, and accessories. The market is set to witness a CAGR of 5.4% during 2021-2031.
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What is Driving Demand for Sandpaper?
Because of the increasing use of sandpaper in the vehicle industry, the market is expected to grow over the projected period. It is used to finish parts of automobiles efficiently, such as sizing engine parts, deburring, and cleaning. An unprecedented demand for passenger and commercial automobiles has resulted from an increase in disposable income, particularly in developing countries.
This is driving up demand for such methods, which is projected to drive up demand in the near future.
Several local and regional vendors sell specialized application sanding paper for a variety of applications. Newcomers to the market are finding new ways to compete with international manufacturers on the basis of quality, reliability, and technology advancements. Accumulation of such various factor is driving the market growth in upward projections.
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Increasing Home Applications of Sandpaper Likely to Augment Sales
Currently, the home application has the largest market share of all application sectors. There has been a growth in the number of individuals, those are intensively involved in house repair and maintenance operations all over the world.
People in general like to get the task done without getting their hands dirty, and wet sanding is the appropriate solution for repairs and maintenance jobs for these people in home applications. It's easy to use, does not damage fingertips, and can be done quickly.
Liquid sanding, also known as liquid sanders or liquid de-glosser, is a simple way to remove glossy paint from a surface.
The manufacturers and distributors are focusing on selling their products in a variety of small stores and other convenient stores in order to meet the needs of a diverse group of individual clients that prefer it for home applications throughout the world.
Advertising and promoting such cleaners through various brand ads and promotional activities on social media platforms has shown to be a profitable and cost-effective method of product promotion for businesses.
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Impact of COVID-19 on Sandpaper Market
The pandemic has resulted in dramatic loss of businesses worldwide and has presented unprecedented challenges for the market growth. Numerous enterprises have been facing existential threats. In absence of the means to earn an income the workers are facing challenges in their daily livelihood.
The economic disruptions to the logistics and supply chain has also devastated the labor and employment on global scale, thereby, restraining the growth of the market. The lack of raw materials and other facilities are hampering the manufacturers leading to a huge loss and is likely to restrain the market growth.
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US and Canada Sandpaper Market Outlook
North America significantly holds the largest portion of the worldwide industry. The United States accounts for the majority of demand in North America. The United States and Canada is one of the most technologically advanced countries on the planet, and there is a significant demand for house renovations in these country.
In addition, during the last several years, there has been a significant increase in the number of people who prefer to engage in repairing and maintenance tasks that are required for their country home. As a result of the foregoing considerations, the United States and Canada are expected to dominate the market over the projection period.
Europe Demand Outlook for Sandpaper
The growth in the regional market can be attributed to the high working population and high participation of automobile workforce across the region. In addition to this, the growing cases of house corrosions caused by dust and other deteriorations are also driving European market.
As a result, the causes driving this rise could include changing consumer preference for home application methods and growing automobile industry. Moreover, increased spending power, and a large income source armed with superior procedures developed in the region is leading to augmented volume of sales.
Furthermore, the key market's players are concentrating on extending their operations abroad and on developing new products and methods.
Who are the Key Manufacturers and Suppliers of Sandpaper?
Some of the leading manufacturers and suppliers of sandpaper include
- Hubei Yuli
- Changzhou Kingcattle
- Shandong Boss Abrasive
- Taiyo Kenmazai
- Dongguan Golden Sun
- Luxin High-tech
- Fengmang Group
- Among others.
- Silicon Carbide-Sandpaper
- Aluminum Oxide-Sandpaper
- Zirconia Alumina-Sandpaper
- Ceramic Alumina Oxide-Sandpaper
- Wood Finishing
- Metal Polishing
- Regular Sanding
- Wet Sanding
By Sales Channel
- Specialty Stores
- Convenient Stores
- Online Retailers
- Convenient Stores
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Sandpaper Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.