Liquid Sand Paper Market by Application and Geography - Forecast and Analysis 2022-2026

The liquid sandpaper market share is expected to increase by USD 619.1 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.89%.

This liquid sandpaper market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers liquid sandpaper market segmentation by application (home, office, and industry) and geography (North America, APAC, Europe, South America, and MEA). The liquid sandpaper market report also offers information on several market vendors, including ABSOLUTE RESURFACING PTY Ltd, Akzo Nobel NV, Allied Piano, and Finish LLC, Ballistic Bowling, Formax Manufacturing, Heinrich Konig GmbH, and Co. KG, Konig UK, KWH Group Ltd, Neo Tac Inc, RPM International Inc., Sevens Paint and Wallpaper Co, Swing Paints Ltd, The Savogran Co., Univar Solutions Inc., W.M. BARR Co Inc, and Wilson Imperial Co among others.

What will the Liquid Sand Paper Market Size be During the Forecast Period?

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Liquid Sand Paper Market: Key Drivers, Trends, and Challenges

The increasing number of infrastructure projects is notably driving the liquid sandpaper market growth. However, factors such as volatility in the cost of raw materials required to manufacture painting tools may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the liquid sandpaper industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.

Key Liquid Sand Paper Market Driver

The increasing number of infrastructure projects is one of the key market drivers supporting the liquid sandpaper market growth. The number of infrastructure projects is increasing significantly globally due to the growth of the population and regulatory support from various government authorities for building projects. Furthermore, the growth of the population increases the need for residential construction projects. The construction of residential and commercial buildings in developing countries such as the UAE, Saudi Arabia, India, and China is increasing. A few countries are also increasing their construction spending to address the needs of the people. The increase in the number of residential and non-residential construction projects globally is increasing the demand for paints. The demand for wall textures that are corrosion-resistant, artful, and colorful is also increasing, which will drive the growth of the paint industry. The rising demand to enhance the exteriors of commercial buildings to improve aesthetics will also increase the demand for paints. The rising demand for painting tools and accessories will increase the demand for liquid sandpaper.

Key Liquid Sand Paper Market Trend

The rising adoption of eco-friendly painting tools is one of the key market trends in the liquid sandpaper market. Low volatile organic compounds (VOCs) and environmentally friendly paints are used widely by end-users due to the focus on reducing environmental pollution. Along with the focus on the reduction of pollution related to paints, a focus on painting tools such as scrapers, and cleaning solutions that pollute the environment if they are not disposed of properly is also essential. Hence, vendors have shifted their focus to eco-friendly painting tools. Furthermore, Warner Manufacturing Co. offers biodegradable products such as scrapers and paint mixers, which are made of products such as tapioca and potato starch instead of plastics. Such a rise in the availability of eco-friendly painting tools will eventually increase the demand for liquid sandpaper tools during the forecast period.

Key Liquid Sand Paper Market Challenge

Volatility in the cost of raw materials required to manufacture painting tools is the key market challenge hindering the liquid sandpaper market growth. The demand for liquid sandpaper is expected to witness growth during the forecast period. However, the volatility in the cost of raw materials required to manufacture various painting tools and accessories is a challenge for the growth of the market. Liquid sandpaper is manufactured using raw materials such as naphtha, ethyl acetate, and ethyl alcohol. Scrapers are manufactured using stainless steel and wood. The volatility in the price of crude oil is likely to affect the cost of raw materials, which, in turn, affect the profitability of the vendors. Volatility in the cost of raw materials required to manufacture painting tools and accessories is high. Such increases in the cost of raw materials reduce the profit margins of the vendors as the production cost of liquid sandpaper increases. Hence, vendors are forced to pass on the additional costs to the end-users by increasing the price of their products. Thus, the increase in the prices of liquid sandpaper is expected to reduce their use in developing economies where the end-users are price-conscious. Hence, the volatility in the cost of raw materials required to manufacture liquid sandpaper will negatively impact the growth of the global liquid sandpaper market during the forecast period.

This liquid sandpaper market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global liquid sandpaper market as a part of the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the liquid sandpaper market during the forecast period.

Who are the Major Liquid Sand Paper Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• ABSOLUTE RESURFACING PTY Ltd
• Akzo Nobel NV
• Allied Piano and Finish LLC
• Ballistic Bowling
• Formax Manufacturing
• Heinrich Konig GmbH and Co. KG
• Konig UK
• KWH Group Ltd
• Neo Tac Inc
• RPM International Inc.
• Sevens Paint and Wallpaper Co
• Swing Paints Ltd
• The Savogran Co.
• Univar Solutions Inc.
• W.M. BARR Co Inc
• Wilson Imperial Co

 

This statistical study of the liquid sandpaper market encompasses successful business strategies deployed by the key vendors. The liquid sandpaper market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market.

Product Insights and News

• ABSOLUTE RESURFACING PTY Ltd - ABSOLUTE RESURFACING PTY Ltd is a privately held company headquartered in Australia. It is a country company, with limited information regarding its financials and limited information regarding its employee strength available. Its revenue from the global liquid sandpaper market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
• ABSOLUTE RESURFACING PTY Ltd - The company offers liquid sandpaper that eliminates hours of dusty sandpapering before refinishing or painting and the product requires no rinsing or neutralizing. 

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The liquid sandpaper market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the leading companies' production, sustainability, and prospects.

Liquid Sand Paper Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the liquid sandpaper market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Liquid Sand Paper Market?

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33% of the market’s growth will originate from APAC during the forecast period. China is the key market for the liquid sandpaper market in APAC. Market growth in this region will be faster than the growth of the market in North America, Europe, South America, and MEA regions.

North America is another region showing major market growth. Significant investments in construction and infrastructural activities will facilitate the liquid sandpaper market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020 and early 2021, COVID-19 spread widely across North America, especially in the US. The increase in the number of deaths from COVID-19 led to a lockdown in several countries, including the US, Canada, and Mexico. Hence, manufacturing units were closed. This affected the growth of the liquid sandpaper market in North America in 2020 and early 2021. In the second half of 2021, the number of COVID-19 cases decreased as lockdowns were lifted, which led to the resumption of operations of factories, industries, and manufacturing units. Regular operations resumed, and construction activities increased, along with an increase in the sales of automobiles. This, in turn, will positively impact the regional liquid sandpaper market during the forecast period.

What are the Revenue-generating Application Segments in the Liquid Sand Paper Market?

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The liquid sandpaper market share growth in the home segment will be significant during the forecast period. The rising need for space to build has resulted in the construction sector shifting its focus to new areas of development, such as the refurbishment of homes. Liquid sandpaper is used for surface preparation and the refinishing of surfaces during refurbishment projects. Hence, the rising demand for refurbishment will drive the growth of the liquid sand paper in the home segment during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the liquid sandpaper market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Liquid Sand Paper Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4.89%
Market growth 2022-2026	$ 619.1 million
Market structure	Fragmented
YoY growth (%)	5.39
Regional analysis	North America, APAC, Europe, MEA, and South America
Performing market contribution	APAC at 33%
Key consumer countries	US, Canada, China, India, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	ABSOLUTE RESURFACING PTY Ltd, Akzo Nobel NV, Allied Piano and Finish LLC, Ballistic Bowling, Formax Manufacturing, Heinrich Konig GmbH, and Co. KG, Konig UK, KWH Group Ltd, Neo Tac Inc, RPM International Inc., Sevens Paint and Wallpaper Co, Swing Paints Ltd, The Savogran Co., Univar Solutions Inc., W.M. BARR Co Inc, and Wilson Imperial Co.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Liquid Sand Paper Market Report?

• CAGR of the market during the forecast period 2022-2026.
• Detailed information on factors that will drive liquid sandpaper market growth during the next five years.
• Precise estimation of the liquid sandpaper market size and its contribution to the parent market.
• Accurate predictions on upcoming trends and changes in consumer behavior.
• The growth of the liquid sandpaper market industry across North America, APAC, Europe, MEA, and South America.
• A thorough analysis of the market’s competitive landscape and detailed information on vendors.
• Comprehensive details of factors that will challenge the growth of liquid sandpaper market vendors.

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