Global Sanding Pads Market Research Report - Forecast to 2023

Market Research Future published a cooked research report on Sanding Pads Market Is Expected to Grow at a Higher Pace By 2023.

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Market Highlights

Sanding pads are coated abrasives that are used with sander power tool to smoothen surfaces. They are majorly used in industrial and commercial sanding applications. Different types of sanding pads are available for different surfaces.

The growing construction industry across the globe, is the primary driving factor of the sanding pads market. Sanding pads are largely used in the construction industry for various applications such as smoothening a surface and scraping off layers of a surface, mainly during painting. Hence, the growth of construction industry across the globe has augmented the rise in global sanding pad market. However, stringent government regulations on the use of silica, is the factor that may hamper the growth of market.

Global sanding pads market is projected to reach USD 2,764 million by 2023, with a CAGR of 4.19% from 2017 to 2023.
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Study Objectives of Global Sanding Pads Market

• To provide detailed analysis of the market structure along with forecast for the next five years of various segments and sub-segments of the global sanding pads market
• To provide insights about factors affecting the market growth
• To analyze the global sanding pads market based on various tools such as Price Analysis, Supply Chain Analysis, Porter’s Five Forces Analysis
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies, North America, Europe, APAC, & Rest of the World (ROW) and their countries
• To provide country level analysis of the market with respect to the current market size and future prospective
• To provide country level analysis of the market segmented, by type, by material, by applications, and by regions
• To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the sanding pads market

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Regional Analysis of Global Sanding Pads Market

Asia-Pacific region dominates the global sanding pads market. It accounts for the largest share of 40% in the global sanding pads market in 2015. Rapid industrialization and urbanization, especially in India, China, and Japan are the key contributors of the market growth in the region. Asia-Pacific region is expected to grow at a CAGR of 3.82% during the forecast period. North America is expected to grow from a market size of USD 546.6 million in 2015 to USD 728 million by the end of 2023..

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