Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Ordinary Abrasive Grinding Wheel Market by Type (Corundum Material, Silicon Carbide Material), By Application (Transport Industry, Construction, Bearing & Machinery, Steel Industry, Other) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Ordinary Abrasive Grinding Wheel Market by Type (Corundum Material, Silicon Carbide Material), By Application (Transport Industry, Construction, Bearing & Machinery, Steel Industry, Other) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 312827 4200 Chemical & Material 377 148 Pages 5 (46)
                                          

Market Overview:


The global ordinary abrasive grinding wheel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for abrasive grinding wheels from various end-use industries, such as the construction, transport, steel and bearing & machinery industries. In terms of type, the corundum material segment is expected to lead the global ordinary abrasive grinding wheel market during the forecast period. This can be attributed to its high wear resistance and toughness properties as compared with other materials used for manufacturing abrasive grinding wheels.


Global Ordinary Abrasive Grinding Wheel Industry Outlook


Product Definition:


An abrasive grinding wheel is a wheel composed of an abrasive compound and used for grinding, polishing, or cutting. Such wheels are used in grinding machines.


Corundum Material:


Corundum is a mineral, which occurs naturally as an important constituent of the volcanic rocks. It has been known since 1787 for its blue color and is identified as the Ruby Gemstones variety only when it has a clarity greater than transparent. The material gets its name from the town of Corunna in Spain where it was first found.


Silicon Carbide Material:


Silicon carbide material is a very hard, brittle ceramic material that is used as an abrasive in the grinding of ferrous and non-ferrous metals. It has applications in various industries such as automotive, aerospace & defense, electronics manufacturing and foundry. Silicon carbide materials are manufactured by two methods; one method involves the reaction between silica and carbon while another method involves the reaction between silicon dioxide and carbon.


Application Insights:


The construction industry was the largest application segment in 2017 and is expected to witness significant growth over the forecast period. The product has a wide range of applications in this industry, including concrete grinding, road construction, highway maintenance and repair as well as other general constructions.


The bearing & machinery sector is also anticipated to witness considerable growth over the forecast period owing to increasing demand for high precision products from various industries worldwide. These sectors include industrial machinery manufacturing such as steel and mining equipment manufacturing where high-quality products are essential for smooth functioning of machines or efficient extraction of minerals from rocks & soil. As a result, manufacturers are investing heavily in research & development activities related to new materials with superior properties compared with corundum or silicon carbide wheels used previously. This trend is expected to drive demand for GRD wheels over the coming years.


Regional Analysis:


Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for high-quality products from key industries including steel, automotive, construction and manufacturing. In addition, rising disposable income coupled with growing population will drive product demand further.


The Asia Pacific is anticipated to be one of the most lucrative regions over the forecast period owing to rapid industrialization and urbanization that has led to an increase in infrastructure spending particularly in China and India. Moreover, these countries are also developing as a hub for research & development activities which will boost product application scope further driving growth across several other end-use industries such as electrical & electronics industry due to its superior quality compared with other abrasive materials used globally along with its cost-effective pricing structure which makes it attractive for manufacturers located within or outside this region thus boosting regional market growth significantly over the next eight years.


Growth Factors:


  • Increasing demand from automotive and aerospace industries for Ordinary Abrasive Grinding Wheel owing to the growing need for precision and accuracy in machining processes.
  • Rising investments by key players in research and development activities to develop new and innovative products that can cater to the specific needs of different end-use industries.
  • Growing popularity of abrasive grinding wheels as a cost-effective alternative to traditional machining processes across various industrial sectors.
  • increasing demand from developing countries due to the growth of their manufacturing sector coupled with rising disposable incomes of consumers therein.. 5) Technological advancements such as the advent of laser ablation technology that is helping improve the efficiency and performance of abrasive grinding wheels, thereby driving their adoption among manufacturers worldwide

Scope Of The Report

Report Attributes

Report Details

Report Title

Ordinary Abrasive Grinding Wheel Market Research Report

By Type

Corundum Material, Silicon Carbide Material

By Application

Transport Industry, Construction, Bearing & Machinery, Steel Industry, Other

By Companies

Klingspor, M, Mirka, Noritake, Saint-Gobain, Kure Grinding Wheel, Camel Grinding Wheels, Tyrolit Group, SHIN-EI Grinding Wheels, DSA Products, Klingspor, DK Holdings, Elka, Keihin Kogyosho, Northern Grinding Wheels

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

148

Number of Tables & Figures

104

Customization Available

Yes, the report can be customized as per your need.


Global Ordinary Abrasive Grinding Wheel Market Report Segments:

The global Ordinary Abrasive Grinding Wheel market is segmented on the basis of:

Types

Corundum Material, Silicon Carbide Material

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Transport Industry, Construction, Bearing & Machinery, Steel Industry, Other

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Klingspor
  2. M
  3. Mirka
  4. Noritake
  5. Saint-Gobain
  6. Kure Grinding Wheel
  7. Camel Grinding Wheels
  8. Tyrolit Group
  9. SHIN-EI Grinding Wheels
  10. DSA Products
  11. Klingspor
  12. DK Holdings
  13. Elka
  14. Keihin Kogyosho
  15. Northern Grinding Wheels

Global Ordinary Abrasive Grinding Wheel Market Overview


Highlights of The Ordinary Abrasive Grinding Wheel Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Corundum Material
    2. Silicon Carbide Material
  1. By Application:

    1. Transport Industry
    2. Construction
    3. Bearing & Machinery
    4. Steel Industry
    5. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Ordinary Abrasive Grinding Wheel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

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Global Ordinary Abrasive Grinding Wheel Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


An ordinary abrasive grinding wheel is a rotating disc with sharp edges that is used to grind materials. The wheel typically has several grits of sandpaper embedded in it, and can be rotated by hand or motor.

Some of the major players in the ordinary abrasive grinding wheel market are Klingspor, M, Mirka, Noritake, Saint-Gobain, Kure Grinding Wheel, Camel Grinding Wheels, Tyrolit Group, SHIN-EI Grinding Wheels, DSA Products, Klingspor, DK Holdings, Elka, Keihin Kogyosho, Northern Grinding Wheels.

The ordinary abrasive grinding wheel market is expected to grow at a compound annual growth rate of 5.5%.

                                            
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ordinary Abrasive Grinding Wheel Market Overview    4.1 Introduction       4.1.1 Market Taxonomy       4.1.2 Market Definition       4.1.3 Macro-Economic Factors Impacting the Market Growth    4.2 Ordinary Abrasive Grinding Wheel Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Ordinary Abrasive Grinding Wheel Market - Supply Chain Analysis       4.3.1 List of Key Suppliers       4.3.2 List of Key Distributors       4.3.3 List of Key Consumers    4.4 Key Forces Shaping the Ordinary Abrasive Grinding Wheel Market       4.4.1 Bargaining Power of Suppliers       4.4.2 Bargaining Power of Buyers       4.4.3 Threat of Substitution       4.4.4 Threat of New Entrants       4.4.5 Competitive Rivalry    4.5 Global Ordinary Abrasive Grinding Wheel Market Size & Forecast, 2020-2028       4.5.1 Ordinary Abrasive Grinding Wheel Market Size and Y-o-Y Growth       4.5.2 Ordinary Abrasive Grinding Wheel Market Absolute $ Opportunity

Chapter 5 Global  Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2  Market Size Forecast by Type
      5.2.1 Corundum Material
      5.2.2 Silicon Carbide Material
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global  Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2  Market Size Forecast by Applications
      6.2.1 Transport Industry
      6.2.2 Construction
      6.2.3 Bearing & Machinery
      6.2.4 Steel Industry
      6.2.5 Other
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Ordinary Abrasive Grinding Wheel Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Ordinary Abrasive Grinding Wheel Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America  Analysis and Forecast
   9.1 Introduction
   9.2 North America  Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America  Market Size Forecast by Type
      9.6.1 Corundum Material
      9.6.2 Silicon Carbide Material
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America  Market Size Forecast by Applications
      9.10.1 Transport Industry
      9.10.2 Construction
      9.10.3 Bearing & Machinery
      9.10.4 Steel Industry
      9.10.5 Other
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe  Analysis and Forecast
   10.1 Introduction
   10.2 Europe  Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe  Market Size Forecast by Type
      10.6.1 Corundum Material
      10.6.2 Silicon Carbide Material
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe  Market Size Forecast by Applications
      10.10.1 Transport Industry
      10.10.2 Construction
      10.10.3 Bearing & Machinery
      10.10.4 Steel Industry
      10.10.5 Other
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific  Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific  Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific  Market Size Forecast by Type
      11.6.1 Corundum Material
      11.6.2 Silicon Carbide Material
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific  Market Size Forecast by Applications
      11.10.1 Transport Industry
      11.10.2 Construction
      11.10.3 Bearing & Machinery
      11.10.4 Steel Industry
      11.10.5 Other
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America  Analysis and Forecast
   12.1 Introduction
   12.2 Latin America  Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America  Market Size Forecast by Type
      12.6.1 Corundum Material
      12.6.2 Silicon Carbide Material
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America  Market Size Forecast by Applications
      12.10.1 Transport Industry
      12.10.2 Construction
      12.10.3 Bearing & Machinery
      12.10.4 Steel Industry
      12.10.5 Other
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA)  Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA)  Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA)  Market Size Forecast by Type
      13.6.1 Corundum Material
      13.6.2 Silicon Carbide Material
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA)  Market Size Forecast by Applications
      13.10.1 Transport Industry
      13.10.2 Construction
      13.10.3 Bearing & Machinery
      13.10.4 Steel Industry
      13.10.5 Other
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Ordinary Abrasive Grinding Wheel Market: Competitive Dashboard
   14.2 Global Ordinary Abrasive Grinding Wheel Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Klingspor
      14.3.2 M
      14.3.3 Mirka
      14.3.4 Noritake
      14.3.5 Saint-Gobain
      14.3.6 Kure Grinding Wheel
      14.3.7 Camel Grinding Wheels
      14.3.8 Tyrolit Group
      14.3.9 SHIN-EI Grinding Wheels
      14.3.10 DSA Products
      14.3.11 Klingspor
      14.3.12 DK Holdings
      14.3.13 Elka
      14.3.14 Keihin Kogyosho
      14.3.15 Northern Grinding Wheels

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