Market Overview:
The global resin bonded abrasive adhesive discs 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 resin bonded abrasive adhesive discs from various end-use industries, such as shipbuilding, auto industry, petrochemical industry and others. In terms of type, the grit below 50 segment is expected to witness highest growth during the forecast period owing to its growing demand from end-use industries. Regionally, Asia Pacific is projected to be the fastest growing region in terms of revenue during the forecast period followed by Europe and North America respectively.
Product Definition:
Resin Bonded Abrasive Adhesive Discs are discs that have an adhesive backing. This adhesive can be used to attach the disc to a surface, or it can be used to hold the disc in place while it is being used. These discs are often made of resin and abrasive materials, which makes them perfect for sanding and polishing surfaces.
GritBelow 50:
GritBelow 50 is a new product in the market and it has been designed to provide maximum efficiency at minimum cost. The grit below 50 is used for grinding large size particles such as ceramic, glass, metal oxides and calcium oxide. It provides high performance with less energy input than other products in the market.
The resin bonded abrasive discs are widely used across various applications such as automotive OEM & aftermarket, heavy equipment manufacturing industries like steel foundry.
Grit 50-100:
Grit 50-100 is a type of abrasive material used in resin bonded abrasive discs. These discs are designed for use with high speed, high volume and aggressive fluids. The ability to withstand extreme temperatures makes this product suitable for industrial applications as well. Grit 50-100 is available in both natural and synthetic form; however, the synthetic variety holds an edge over its natural counterpart due to higher efficiency at extremely low costs per unit volume.
Application Insights:
The other application segment includes construction, metalworking, and industrial machinery. The use of resin bonded abrasive discs in this application is driven by the increasing demand for high-performance products with low maintenance cost. In addition to being used as an abrasive, these discs are also utilized as a bonding agent in various applications such as glass and ceramics on account of their superior characteristics including strength and durability.
Petrochemical industry was the largest revenue generating segment owing to the rising demand for chemical plants across different regions coupled with stringent regulations regarding environmental protection. These factors are likely to increase product demand from 2018 to 2030 thereby driving the global market growth over the forecast period.
Regional Analysis:
Asia Pacific was the leading revenue contributor in global resin-bonded abrasives market and is anticipated to continue its dominance over the forecast period. The presence of major shipbuilding & repair yards in China, South Korea, Japan and India coupled with growing demand for high-quality marine products from emerging economies such as China and India are expected to drive growth. In addition, increasing foreign investments coupled with favorable government regulations are expected to propel regional product demand over the next eight years.
The industry in Europe is characterized by a fragmented structure owing to the large number of players operating across various sectors including automotive (engine parts), aerospace components (engines), industrial machinery etc.
Growth Factors:
- Increasing demand for resin bonded abrasive adhesive discs from the automotive and aerospace industries due to their high performance and durability.
- Growing popularity of resin bonded abrasive adhesive discs among DIY enthusiasts and professional craftsmen for various applications such as sanding, polishing, grinding, etc.
- Rising demand for low-cost yet high-quality resin bonded abrasive adhesive discs from small and medium enterprises (SMEs) across the globe.
- Technological advancements in the production of resin bonded abrasive adhesive discs that are helping to improve their quality and performance characteristics.
- Growing awareness about the benefits of using resin bonded abrasive adhesive discs among consumers, which is helping to boost sales
Scope Of The Report
Report Attributes
Report Details
Report Title
Resin Bonded Abrasive Adhesive Discs Market Research Report
By Type
GritBelow 50, Grit 50-100, GritAbove 100
By Application
Shipbuilding, Auto Industry, Petrochemical Industry, Other
By Companies
3M, Freeman Manufacturing & Supply Company, NORTON, ARC Abrasives, CSM Abrasives Plus, CGW, Extremea Brasives, Eastwind Diamond Abrasives, Marvel Abrasives, Anchor Abrasives, 3M, Sparky Abrasives, Saint-Gobain
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
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Resin Bonded Abrasive Adhesive Discs Market Report Segments:
The global Resin Bonded Abrasive Adhesive Discs market is segmented on the basis of:
Types
GritBelow 50, Grit 50-100, GritAbove 100
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
Shipbuilding, Auto Industry, Petrochemical 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:
- 3M
- Freeman Manufacturing & Supply Company
- NORTON
- ARC Abrasives
- CSM Abrasives Plus
- CGW
- Extremea Brasives
- Eastwind Diamond Abrasives
- Marvel Abrasives
- Anchor Abrasives
- 3M
- Sparky Abrasives
- Saint-Gobain
Highlights of The Resin Bonded Abrasive Adhesive Discs Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- GritBelow 50
- Grit 50-100
- GritAbove 100
- By Application:
- Shipbuilding
- Auto Industry
- Petrochemical Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Resin Bonded Abrasive Adhesive Discs 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.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Resin bonded abrasive adhesive discs are a type of abrasive disc that is made from a resin material. This type of disc is often used to remove paint, rust, and other types of corrosion from metal surfaces.
Some of the key players operating in the resin bonded abrasive adhesive discs market are 3M, Freeman Manufacturing & Supply Company, NORTON, ARC Abrasives, CSM Abrasives Plus, CGW, Extremea Brasives, Eastwind Diamond Abrasives, Marvel Abrasives, Anchor Abrasives, 3M, Sparky Abrasives, Saint-Gobain.
The resin bonded abrasive adhesive discs market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Resin Bonded Abrasive Adhesive Discs 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 Resin Bonded Abrasive Adhesive Discs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Resin Bonded Abrasive Adhesive Discs 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 Resin Bonded Abrasive Adhesive Discs 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 Resin Bonded Abrasive Adhesive Discs Market Size & Forecast, 2020-2028
4.5.1 Resin Bonded Abrasive Adhesive Discs Market Size and Y-o-Y Growth
4.5.2 Resin Bonded Abrasive Adhesive Discs 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 GritBelow 50
5.2.2 Grit 50-100
5.2.3 GritAbove 100
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 Shipbuilding
6.2.2 Auto Industry
6.2.3 Petrochemical Industry
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Resin Bonded Abrasive Adhesive Discs 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 Resin Bonded Abrasive Adhesive Discs 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 GritBelow 50
9.6.2 Grit 50-100
9.6.3 GritAbove 100
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 Shipbuilding
9.10.2 Auto Industry
9.10.3 Petrochemical Industry
9.10.4 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 GritBelow 50
10.6.2 Grit 50-100
10.6.3 GritAbove 100
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 Shipbuilding
10.10.2 Auto Industry
10.10.3 Petrochemical Industry
10.10.4 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 GritBelow 50
11.6.2 Grit 50-100
11.6.3 GritAbove 100
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 Shipbuilding
11.10.2 Auto Industry
11.10.3 Petrochemical Industry
11.10.4 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 GritBelow 50
12.6.2 Grit 50-100
12.6.3 GritAbove 100
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 Shipbuilding
12.10.2 Auto Industry
12.10.3 Petrochemical Industry
12.10.4 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 GritBelow 50
13.6.2 Grit 50-100
13.6.3 GritAbove 100
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 Shipbuilding
13.10.2 Auto Industry
13.10.3 Petrochemical Industry
13.10.4 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 Resin Bonded Abrasive Adhesive Discs Market: Competitive Dashboard
14.2 Global Resin Bonded Abrasive Adhesive Discs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 3M
14.3.2 Freeman Manufacturing & Supply Company
14.3.3 NORTON
14.3.4 ARC Abrasives
14.3.5 CSM Abrasives Plus
14.3.6 CGW
14.3.7 Extremea Brasives
14.3.8 Eastwind Diamond Abrasives
14.3.9 Marvel Abrasives
14.3.10 Anchor Abrasives
14.3.11 3M
14.3.12 Sparky Abrasives
14.3.13 Saint-Gobain
