The global resin bonded grinding wheel market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for grinding wheels in various industries such as transport industry, construction, bearing & machinery and steel industry. The growing demand for these products is due to their high efficiency and low cost. Moreover, the increasing use of these products in various industries has led to an increase in their production which has also contributed towards the growth of this market.
The Al2O3 phenolic resin grinding wheel segment accounted for a major share of the global resin bonded grinding wheel market in 2018 owing to its high efficiency and low cost. This segment is expected to maintain its dominance throughout the forecast period owing to its wide application across various industries such as transport industry, construction, bearing & machinery and steel industry which are witnessing significant growth rates during this time frame.
Asia Pacific was one of the fastest-growing regions for resin bonded grinding wheels during 2018 owing mainly due to increased demand from countries such as China and India among others which have been witnessing rapid economic development over recent years.
Some Of The Growth Factors Of This Market:
- The demand for resin bonded grinding wheels is expected to increase due to the increasing demand for metal and plastic products.
- The growth of the automotive industry is expected to drive the demand for resin bonded grinding wheels in the near future.
- The increasing use of composite materials in automobiles will also lead to an increase in demand for resin bonded grinding wheels.
- Increasing use of 3D printing technology will also lead to an increase in demand for resin bonded grinding wheels.
- Increasing number of manufacturing facilities across different industries will also lead to an increase in demand for resin bonded grinding wheel.
Industry Growth Insights published a new data on “Resin Bonded Grinding Wheel Market”. The research report is titled “Resin Bonded Grinding Wheel Market research by Types (Al2O3 Phenolic Resin Grinding Wheel, SiC Phenolic Resin Grinding Wheel, MBD & CBN Phenolic Resin Grinding Wheel, Others), By Applications (Transport Industry, Construction, Bearing & Machinery, Steel Industry, Other), By Players/Companies Klingspor, 3M, Mirka, Noritake, Saint-Gobain, Kure Grinding Wheel, Camel Grinding Wheels, Tyrolit Group, SHIN-EI Grinding Wheels, DSA Products, Andre Abrasive, DK Holdings, Elka, Keihin Kogyosho, Northern Grinding Wheels”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Resin Bonded Grinding Wheel Market Research Report
By Type
Al2O3 Phenolic Resin Grinding Wheel, SiC Phenolic Resin Grinding Wheel, MBD & CBN Phenolic Resin Grinding Wheel, Others
By Application
Transport Industry, Construction, Bearing & Machinery, Steel Industry, Other
By Companies
Klingspor, 3M, Mirka, Noritake, Saint-Gobain, Kure Grinding Wheel, Camel Grinding Wheels, Tyrolit Group, SHIN-EI Grinding Wheels, DSA Products, Andre Abrasive, 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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Resin Bonded Grinding Wheel Market Report Segments:
The global Resin Bonded Grinding Wheel market is segmented on the basis of:
Types
Al2O3 Phenolic Resin Grinding Wheel, SiC Phenolic Resin Grinding Wheel, MBD & CBN Phenolic Resin Grinding Wheel, Others
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:
- Klingspor
- 3M
- Mirka
- Noritake
- Saint-Gobain
- Kure Grinding Wheel
- Camel Grinding Wheels
- Tyrolit Group
- SHIN-EI Grinding Wheels
- DSA Products
- Andre Abrasive
- DK Holdings
- Elka
- Keihin Kogyosho
- Northern Grinding Wheels
Highlights of The Resin Bonded Grinding Wheel 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:
- Al2O3 Phenolic Resin Grinding Wheel
- SiC Phenolic Resin Grinding Wheel
- MBD & CBN Phenolic Resin Grinding Wheel
- Others
- By Application:
- Transport Industry
- Construction
- Bearing & Machinery
- Steel 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 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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- 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?
A resin bonded grinding wheel is a type of grinder that uses resin to bond the abrasive particles to the wheel. This results in less wear and tear on the wheel, which can prolong its life.
Some of the major companies in the resin bonded grinding wheel market are Klingspor, 3M, Mirka, Noritake, Saint-Gobain, Kure Grinding Wheel, Camel Grinding Wheels, Tyrolit Group, SHIN-EI Grinding Wheels, DSA Products, Andre Abrasive, DK Holdings, Elka, Keihin Kogyosho, Northern Grinding Wheels.
The resin bonded grinding wheel market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Resin Bonded Grinding Wheel Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Resin Bonded Grinding Wheel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Resin Bonded Grinding Wheel Market - Supply Chain
4.5. Global Resin Bonded Grinding Wheel Market Forecast
4.5.1. Resin Bonded Grinding Wheel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Resin Bonded Grinding Wheel Market Size (000 Units) and Y-o-Y Growth
4.5.3. Resin Bonded Grinding Wheel Market Absolute $ Opportunity
5. Global Resin Bonded Grinding Wheel Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Resin Bonded Grinding Wheel Market Size and Volume Forecast by Type
5.3.1. Al2O3 Phenolic Resin Grinding Wheel
5.3.2. SiC Phenolic Resin Grinding Wheel
5.3.3. MBD & CBN Phenolic Resin Grinding Wheel
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Resin Bonded Grinding Wheel Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Resin Bonded Grinding Wheel Market Size and Volume Forecast by Application
6.3.1. Transport Industry
6.3.2. Construction
6.3.3. Bearing & Machinery
6.3.4. Steel Industry
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Resin Bonded Grinding Wheel Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Resin Bonded Grinding Wheel Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Resin Bonded Grinding Wheel Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Resin Bonded Grinding Wheel Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Resin Bonded Grinding Wheel Demand Share Forecast, 2019-2026
9. North America Resin Bonded Grinding Wheel Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Resin Bonded Grinding Wheel Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Resin Bonded Grinding Wheel Market Size and Volume Forecast by Application
9.4.1. Transport Industry
9.4.2. Construction
9.4.3. Bearing & Machinery
9.4.4. Steel Industry
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Resin Bonded Grinding Wheel Market Size and Volume Forecast by Type
9.7.1. Al2O3 Phenolic Resin Grinding Wheel
9.7.2. SiC Phenolic Resin Grinding Wheel
9.7.3. MBD & CBN Phenolic Resin Grinding Wheel
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Resin Bonded Grinding Wheel Demand Share Forecast, 2019-2026
10. Latin America Resin Bonded Grinding Wheel Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Resin Bonded Grinding Wheel Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Resin Bonded Grinding Wheel Market Size and Volume Forecast by Application
10.4.1. Transport Industry
10.4.2. Construction
10.4.3. Bearing & Machinery
10.4.4. Steel Industry
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Resin Bonded Grinding Wheel Market Size and Volume Forecast by Type
10.7.1. Al2O3 Phenolic Resin Grinding Wheel
10.7.2. SiC Phenolic Resin Grinding Wheel
10.7.3. MBD & CBN Phenolic Resin Grinding Wheel
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Resin Bonded Grinding Wheel Demand Share Forecast, 2019-2026
11. Europe Resin Bonded Grinding Wheel Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Resin Bonded Grinding Wheel Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Resin Bonded Grinding Wheel Market Size and Volume Forecast by Application
11.4.1. Transport Industry
11.4.2. Construction
11.4.3. Bearing & Machinery
11.4.4. Steel Industry
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Resin Bonded Grinding Wheel Market Size and Volume Forecast by Type
11.7.1. Al2O3 Phenolic Resin Grinding Wheel
11.7.2. SiC Phenolic Resin Grinding Wheel
11.7.3. MBD & CBN Phenolic Resin Grinding Wheel
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Resin Bonded Grinding Wheel Demand Share, 2019-2026
12. Asia Pacific Resin Bonded Grinding Wheel Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Resin Bonded Grinding Wheel Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Resin Bonded Grinding Wheel Market Size and Volume Forecast by Application
12.4.1. Transport Industry
12.4.2. Construction
12.4.3. Bearing & Machinery
12.4.4. Steel Industry
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Resin Bonded Grinding Wheel Market Size and Volume Forecast by Type
12.7.1. Al2O3 Phenolic Resin Grinding Wheel
12.7.2. SiC Phenolic Resin Grinding Wheel
12.7.3. MBD & CBN Phenolic Resin Grinding Wheel
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Resin Bonded Grinding Wheel Demand Share, 2019-2026
13. Middle East & Africa Resin Bonded Grinding Wheel Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Resin Bonded Grinding Wheel Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Resin Bonded Grinding Wheel Market Size and Volume Forecast by Application
13.4.1. Transport Industry
13.4.2. Construction
13.4.3. Bearing & Machinery
13.4.4. Steel Industry
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Resin Bonded Grinding Wheel Market Size and Volume Forecast by Type
13.7.1. Al2O3 Phenolic Resin Grinding Wheel
13.7.2. SiC Phenolic Resin Grinding Wheel
13.7.3. MBD & CBN Phenolic Resin Grinding Wheel
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Resin Bonded Grinding Wheel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Resin Bonded Grinding Wheel Market: Market Share Analysis
14.2. Resin Bonded Grinding Wheel Distributors and Customers
14.3. Resin Bonded Grinding Wheel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Klingspor
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. 3M
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mirka
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Noritake
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Saint-Gobain
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kure Grinding Wheel
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Camel Grinding Wheels
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Tyrolit Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. SHIN-EI Grinding Wheels
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. DSA Products
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Andre Abrasive
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. DK Holdings
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Elka
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Keihin Kogyosho
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Northern Grinding Wheels
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
