What is Global Sand Paper Market?
The Global Sand Paper Market is an expansive and dynamic sector that encompasses a wide range of products and applications. Sandpaper, also known as abrasive paper, is a type of thick paper with abrasive material attached to its surface. It is used to smooth surfaces by abrasion with sand particles. The global market for sandpaper is vast and varied, with numerous manufacturers and suppliers contributing to its growth and development. The market's value was estimated at US$ 1523 million in 2022, and it is projected to increase to US$ 1740.2 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 1.9% during the forecast period from 2023 to 2029. It's worth noting that the top five global manufacturers account for over 30% of the market share, indicating a high level of concentration in this sector.
Dry-SP, Wet-SP in the Global Sand Paper Market:
In terms of product types within the Global Sand Paper Market, Dry-SP and Wet-SP are two significant categories. Dry-SP is the larger segment, accounting for about 55% of the market. Dry-SP, or dry sandpaper, is typically used for initial sanding to remove old finish or scratches. Wet-SP, or wet sandpaper, is used with water or other lubricants to prevent clogging and extend the life of the paper. Both types have their unique advantages and are used in various applications, contributing to the overall growth of the sandpaper market.
Wood, Metal, Varnishing, Others in the Global Sand Paper Market:
The Global Sand Paper Market finds its usage in several areas, including wood, metal, varnishing, among others. In woodworking, sandpaper is used to prepare the wood for painting or varnishing, smoothing out rough edges and surfaces. In metalworking, it's used to clean, polish, and remove rust from metal surfaces. Varnishing involves using sandpaper to smooth the surface before applying varnish, and it's also used between coats to ensure a smooth, glossy finish. Other applications include automotive, construction, and electronics, where sandpaper is used to smooth and finish surfaces. Each of these applications contributes to the demand and growth of the global sandpaper market.
Global Sand Paper Market Outlook:
To recap the market outlook, the Global Sand Paper Market was valued at US$ 1523 million in 2022 and is expected to reach US$ 1740.2 million by 2029. This growth represents a CAGR of 1.9% during the forecast period from 2023 to 2029. The market is dominated by the top five manufacturers, who hold over 30% of the market share. In terms of product types, Dry-SP is the largest segment, accounting for about 55% of the market. These figures highlight the significant growth and development of the Global Sand Paper Market.
| Report Metric | Details |
| Report Name | Sand Paper Market |
| Accounted market size in 2022 | US$ 1523 in million |
| Forecasted market size in 2029 | US$ 1740.2 million |
| CAGR | 1.9% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Saint-Gobain, Klingspor, 3M, Mirka, Hermes, SIA, Ekamant, Nihon Kenshi, Gator, Sankyo-Rikagaku, Deerfos, Keystone, Carborundum Universal, Uneeda, Kovax, Awuko, Tun Jinn, TOA-Sankyo, Malani, Taiyo Kenmazai, Dongguan Golden Sun, Luxin High-tech, Fengmang Group, Hubei Yuli, Changzhou Kingcattle, Shandong Boss Abrasive, Guangdong Little Sun, Hubei Baota, Guangdong Shunhui, Dongguan Jinyang |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
