Liquid Sandpaper Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The global liquid sandpaper market is expected to grow with a CAGR greater than 5% during the forecast period. One of the major factors driving the market is the growing number of doing it yourself homeowners. However, the high volatility of liquid sandpaper is hindering the growth of the market studied.

• The easier applicability of liquid sandpaper in comparison to sandpaper is another major driver for the market studied.
• North America is likely to account for the highest share of the market studied during the forecast period.
• Among the application areas, the home application is likely to account for the highest market share during the forecast period.

Key Market Trends

Home Application to Dominate the Market

• Among the application areas, the home application accounts for the highest market share currently.
• Currently, all over the world, there has been an increase in the number of people who are engaging themselves in repairing and maintenance activities of the house.
• People, in general, need to do the job without getting their hands dirty, and for these people, liquid sandpaper is the right item for repairs or maintenance jobs. It is safe to use, without hurting fingers and can be applied quickly.
• Liquid sandpaper, also known as liquid sanders or liquid de-glosser, can be easily applied to a surface that needs to remove glossy paint.
• After a prescribed time the surface is cleaned off and is ready for the new coat of paint. The benefit is the quality of the new coat of paint is better once the surface has been properly cleaned.
• Hence, owing to the above-mentioned factors, home application is likely to domainte the market stuydied during the forecast period.

North America to Dominate the Market

• Currently, North America accounts for the highest share of the global liquid sandpaper market. The majority of the demand in North America comes from the United States.
• The United States is one of the technologically advanced regions across the globe and the demand for home refurbishment is high in the country.
• Additionally, there has been a huge surge in the number of people who prefer to engage themselves in repairing and maintenance activities that are required for their house in the country over the past few years.
• Hence owing to the above-mentioned factors, North America is likely to dominate the market studied during the forecast period.

Competitive Landscape

The global liquid sandpaper market is moderately consolidated as the most of the market share is divided among a few companies. Some of the key players in the market include WM Barr, Heinrich König & Co. KG, JASCO, AkzoNobel N.V., and RPM International Inc, among others.

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