Market Overview:
The global resin bonded abrasive 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 discs from various end-use industries, such as shipbuilding, auto industry, petrochemical industry and others. In terms of type, the common resin bonded abrasive discs segment is expected to dominate the global resin bonded abrasive discs market during the forecast period. This can be attributed to its low cost and easy availability as compared to other types of resin bonded abrasive discs.
Product Definition:
Resin Bonded Abrasive Discs are discs made of an abrasive material bonded to a substrate by a resin. They are used for grinding and polishing metals, plastics, and other materials.
Common Resin Bonded Abrasive Discs:
Resin-bonded abrasives are a group of specialty products used for removing material in the surface preparation of various materials. They are different from other abrasive products in that they have an adhesive, which is resin-based, on one or both sides. Resin bonded abrasives discs can be made from several types of resins including polyurethanes and epoxies among others.
Super Hard Resin Bonded Abrasive Discs:
Super hard resin bonded abrasive discs are manufactured with the use of synthetic or natural super abrasive grains. These discs are used for grinding and polishing applications in industries such as automotive, aerospace, marine, electronics and construction among others. The product is available in various sizes depending upon the application requirements which can be used for both industrial and household purposes.
Application Insights:
The other application segment includes construction, metalworking, and industrial applications. The shipbuilding industry was the largest user of resin-bonded abrasives in 2017. Resin-bonded abrasives are used to remove paint from ships as well as perform maintenance on the hull and decks of a vessel. Growing demand for these products from various industries including automotive is expected to drive growth over the forecast period.
Resin bonded discs are also used in metalworking applications such as cutting, grinding & polishing where they are utilized to improve surface finish of metals including aluminum & magnesium alloys, steel etc., In addition, they can be utilized to enhance tool life by reducing chip formation when machining hard materials like titanium & silicon steel alloys etc., Increasing use of resin-coated abrasive discs for grinding and polishing operations is anticipated fuel market growth over the forecast period.
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 industrial machinery and equipment, coupled with rising investments in construction activities. In addition, growing automotive industry is projected to drive product demand further.
The shipbuilding sector in Asia Pacific has witnessed tremendous development over the past few years on account of increasing maritime trade activities across various countries including China, Japan, India and Australia among others. This factor is anticipated to have a positive impact on product demand during the forecast period.
Europe was estimated as being second largest regional market after Asia Pacific in 2017 due to high consumption levels of abrasives generated from refurbishing activities taking place within automobile and heavy machinery industries across several European countries such as Germany, France Italy Russia etc., which are major end users of resin bonded abrasives products category.
Growth Factors:
- Increasing demand for resin bonded abrasive discs from the automotive and aerospace industries due to their high performance and durability.
- Rising demand for resin bonded abrasive discs from the construction industry as they are used for grinding, sanding, and polishing of various materials such as wood, metal, plastic, and composites.
- Growing use of resin bonded abrasive discs in the manufacturing sector for deburring operations on different types of metals parts.
- Technological advancements in the production process of resin bonded abrasive discs that has resulted in higher quality products with better performance characteristics compared to traditional grinding wheels or disks.
Scope Of The Report
Report Attributes
Report Details
Report Title
Resin Bonded Abrasive Discs Market Research Report
By Type
Common Resin Bonded Abrasive Discs, Super Hard Resin Bonded Abrasive Discs
By Application
Shipbuilding, Auto Industry, Petrochemical Industry, Other
By Companies
M, Freeman Manufacturing & Supply Company, NORTON, ARC Abrasives, CSM Abrasives Plus, CGW, Extremea Brasives, Eastwind Diamond Abrasives, Marvel Abrasives, Anchor Abrasives, AA Abrasives, 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
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Resin Bonded Abrasive Discs Market Report Segments:
The global Resin Bonded Abrasive Discs market is segmented on the basis of:
Types
Common Resin Bonded Abrasive Discs, Super Hard Resin Bonded Abrasive Discs
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:
- M
- Freeman Manufacturing & Supply Company
- NORTON
- ARC Abrasives
- CSM Abrasives Plus
- CGW
- Extremea Brasives
- Eastwind Diamond Abrasives
- Marvel Abrasives
- Anchor Abrasives
- AA Abrasives
- Sparky Abrasives
- Saint-Gobain
Highlights of The Resin Bonded Abrasive 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:
- Common Resin Bonded Abrasive Discs
- Super Hard Resin Bonded Abrasive Discs
- 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 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 discs are a type of abrasive disc that is bonded to a resin substrate. The resin substrate helps to protect the abrasive disc from damage and also provides a smooth surface on which the abrasive can work. This type of disc is often used in applications where high levels of durability and precision are required, such as in the manufacturing of parts for aircraft or automobiles.
Some of the major players in the resin bonded abrasive discs market are M, Freeman Manufacturing & Supply Company, NORTON, ARC Abrasives, CSM Abrasives Plus, CGW, Extremea Brasives, Eastwind Diamond Abrasives, Marvel Abrasives, Anchor Abrasives, AA Abrasives, Sparky Abrasives, Saint-Gobain.
The resin bonded abrasive discs 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 Resin Bonded Abrasive 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 Discs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Resin Bonded Abrasive 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 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 Discs Market Size & Forecast, 2020-2028
4.5.1 Resin Bonded Abrasive Discs Market Size and Y-o-Y Growth
4.5.2 Resin Bonded Abrasive 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 Common Resin Bonded Abrasive Discs
5.2.2 Super Hard Resin Bonded Abrasive Discs
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 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 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 Common Resin Bonded Abrasive Discs
9.6.2 Super Hard Resin Bonded Abrasive Discs
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 Common Resin Bonded Abrasive Discs
10.6.2 Super Hard Resin Bonded Abrasive Discs
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 Common Resin Bonded Abrasive Discs
11.6.2 Super Hard Resin Bonded Abrasive Discs
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 Common Resin Bonded Abrasive Discs
12.6.2 Super Hard Resin Bonded Abrasive Discs
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 Common Resin Bonded Abrasive Discs
13.6.2 Super Hard Resin Bonded Abrasive Discs
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 Discs Market: Competitive Dashboard
14.2 Global Resin Bonded Abrasive Discs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 M
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 AA Abrasives
14.3.12 Sparky Abrasives
14.3.13 Saint-Gobain
