April 12, 2024

Sanding Block Market Growth is Driven by Rising Demand for Surface Finishing in Automotive Industry

Sanding blocks are abrasive tools used for smoothening and finishing surfaces. They are available in different grit sizes and are commonly used for woodworking, metalworking, and automotive finishing applications. Sanding blocks help create smooth surfaces with precision and control as compared to free-hand sanding. They are preferred for sanding concave, convex, and intricate surfaces. The automotive industry widely uses sanding blocks in different production processes for paint preparation and refinishing of car bodies. Growing automotive sales and increasing need to enhance exterior appeal of vehicles through high-quality surface finishing is expected to propel the growth of the global sanding block market over the coming years.

The global Sanding Block Market is estimated to be valued at US$ 550 million in 2023 and is expected to exhibit a CAGR of 3.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the key trends in the sanding block market is the growing adoption of hook and loop sanding sheets. Traditionally, sanding blocks used adhesive-backed sandpaper that needed to be replaced frequently. Hook and loop sanding sheets have emerged as an innovative product featuring thousands of tiny nylon hooks and loops that allow easy replacement of worn-out sandpaper without the need for adhesive. These sheets reduce sanding time and material waste, thereby increasing productivity. Their increasing popularity, especially in automotive refinishing, is expected to drive the demand for advanced sanding blocks compatible with hook and loop sheets over the forecast period.

Porter’s Analysis
Threat of new entrants: Moderate, with low capital requirements, raw materials easily available. However, established brands dominate the market.

Bargaining power of buyers: High, with the availability of substitute products from private label brands. Buyers can negotiate on price.

Bargaining power of suppliers: Low to moderate, as raw materials required are easily available. However, a few large suppliers exist.

Threat of new substitutes: Moderate, with the availability of alternative sanding products like sandpaper that perform similar functions.

Competitive rivalry: High, as the market has several global and regional vendors competing on pricing and innovation.

Key Takeaways
The global sanding block market is expected to witness high growth.

The Asia Pacific region dominates the market with the highest demand and production. Increasing construction activities and growing automotive industry in China, India, and other Asian countries is fueling market growth.

Key players operating in the sanding block market are Robert Bosch Tool Corporation, 3M, Saint-Gobain, ARC Abrasives, and Klingspor AG. Regional players also hold significant share. Product innovation and expanding into untapped markets through collaborations are the focus of key players.