Market Overview:
The global vitrified bond wheel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for grinding wheels from various end-use industries, such as construction, transport, steel industry, and others. In terms of type, the ceramic grinding wheel segment is expected to dominate the market during the forecast period owing to its properties such as high wear resistance and toughness. In terms of application, the bearing & machinery segment is projected to grow at a higher CAGR than other segments during 2018-2030. This can be attributed to an increase in demand for bearings and machineries from various end-use industries across regions.
Product Definition:
A vitrified bond wheel is a type of bonded abrasive wheel where the grains are fused to the matrix. This type of wheel is important because it can withstand high temperatures and extreme wear, making it ideal for use in grinding applications.
Ceramic Grinding Wheel:
Ceramic grinding wheel is used for small size particle size reduction and are widely used in the cement, glass, foundry sand & metal industries. The ceramic grinding wheel has different types of applications such as it can be used in dry or wet process. In wet process application the ceramic grinding wheel is directly connected to the water supply whereas in dry process application there is a separate water tank attached to it.
Ceramic Super Hard Grinding Wheel:
Ceramic super hard grinding wheel is used in the vitrified bond wheel industry for dressing and polishing of glass-ceramics. The ceramic super hard grinding wheel has a very high wear resistance property, which makes it suitable to use on account of longevity and durability required in the end product. Ceramic super hard wheels are available with different sizes ranging from 3” to 24” with 4” being most commonly used size.
Application Insights:
The construction industry accounted for the largest share in terms of application and was valued at USD 5.0 billion in 2017. The growth can be attributed to increasing use of bond wheels for manufacturing various construction products including tiles, bricks, paving stones and roadways among others.
The steel industry is anticipated to emerge as another key application segment over the forecast period owing to rising demand from countries such as China, India and Brazil among others. In addition, vitrified bond wheels are used extensively in industries such as mining and automotive which require heavy machinery or equipment with high durability features.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing demand for steel in this region, which will drive vitrified bond wheels market in Asia Pacific. In addition, rising construction activities and infrastructure development are also likely to boost product demand over the next eight years.
The growing automotive industry in Europe is projected to propel product consumption as well as manufacturing of high performance bearing steel products using vitrified bond wheel process.
In North America, UHMWPE has been witnessing significant adoption across a wide range of applications including medical devices & tools (handheld X-ray units), sporting goods (ski gloves), military equipment & apparel (winter clothing) owing its excellent properties such as lightweight.
Growth Factors:
- Increasing demand for automobiles due to rising disposable income and population growth
- Technological advancements in the manufacturing of vitrified bond wheels that improve performance and durability
- Growing popularity of alloy wheels as a replacement for standard steel wheels
- Rising awareness about the benefits of using vitrified bond wheels among consumers and automotive professionals
- Entry of new players in the market that offer innovative products and competitive prices
Scope Of The Report
Report Attributes
Report Details
Report Title
Vitrified Bond Wheel Market Research Report
By Type
Ceramic Grinding Wheel, Ceramic Super Hard Grinding Wheel
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Vitrified Bond Wheel Market Report Segments:
The global Vitrified Bond Wheel market is segmented on the basis of:
Types
Ceramic Grinding Wheel, Ceramic Super Hard Grinding Wheel
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 Vitrified Bond 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:
- Ceramic Grinding Wheel
- Ceramic Super Hard Grinding Wheel
- 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 Vitrified Bond 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 vitrified bond wheel is a type of rolling mill that uses molten glass as the working material. The glass is heated until it becomes liquid and then poured into small molds called cavities. These cavities are then cooled quickly so that the glass solidifies around the mold, forming a bond between the mold and the glass. This process creates extremely smooth surfaces on both sides of the bond wheel, which makes it an ideal tool for producing high-quality products such as window panes and other types of optical equipment.
Some of the key players operating in the vitrified bond 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 vitrified bond wheel market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vitrified Bond 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. Vitrified Bond Wheel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vitrified Bond Wheel Market - Supply Chain
4.5. Global Vitrified Bond Wheel Market Forecast
4.5.1. Vitrified Bond Wheel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vitrified Bond Wheel Market Size (000 Units) and Y-o-Y Growth
4.5.3. Vitrified Bond Wheel Market Absolute $ Opportunity
5. Global Vitrified Bond 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. Vitrified Bond Wheel Market Size and Volume Forecast by Type
5.3.1. Ceramic Grinding Wheel
5.3.2. Ceramic Super Hard Grinding Wheel
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Vitrified Bond 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. Vitrified Bond 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 Vitrified Bond 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. Vitrified Bond 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 Vitrified Bond 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. Vitrified Bond 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 Vitrified Bond Wheel Demand Share Forecast, 2019-2026
9. North America Vitrified Bond 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 Vitrified Bond 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 Vitrified Bond 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 Vitrified Bond Wheel Market Size and Volume Forecast by Type
9.7.1. Ceramic Grinding Wheel
9.7.2. Ceramic Super Hard Grinding Wheel
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 Vitrified Bond Wheel Demand Share Forecast, 2019-2026
10. Latin America Vitrified Bond 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 Vitrified Bond 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 Vitrified Bond 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 Vitrified Bond Wheel Market Size and Volume Forecast by Type
10.7.1. Ceramic Grinding Wheel
10.7.2. Ceramic Super Hard Grinding Wheel
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 Vitrified Bond Wheel Demand Share Forecast, 2019-2026
11. Europe Vitrified Bond 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 Vitrified Bond 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 Vitrified Bond 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 Vitrified Bond Wheel Market Size and Volume Forecast by Type
11.7.1. Ceramic Grinding Wheel
11.7.2. Ceramic Super Hard Grinding Wheel
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 Vitrified Bond Wheel Demand Share, 2019-2026
12. Asia Pacific Vitrified Bond 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 Vitrified Bond 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 Vitrified Bond 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 Vitrified Bond Wheel Market Size and Volume Forecast by Type
12.7.1. Ceramic Grinding Wheel
12.7.2. Ceramic Super Hard Grinding Wheel
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 Vitrified Bond Wheel Demand Share, 2019-2026
13. Middle East & Africa Vitrified Bond 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 Vitrified Bond 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 Vitrified Bond 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 Vitrified Bond Wheel Market Size and Volume Forecast by Type
13.7.1. Ceramic Grinding Wheel
13.7.2. Ceramic Super Hard Grinding Wheel
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 Vitrified Bond Wheel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Vitrified Bond Wheel Market: Market Share Analysis
14.2. Vitrified Bond Wheel Distributors and Customers
14.3. Vitrified Bond 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
