Synopsis of Bonded Abrasives Market:
The Global Bonded Abrasives Market is expected to witness a significant growth of USD~18.1 billion by 2022 with CAGR of ~5.2 % between 2016 and 2022.
Bonded Abrasives are a combination of fillers, abrasive grains, and some other bonding materials. The bonding agent can be shellac, rubber, epoxy, magnesite, resin, and a range of bonding mediums often take as a ‘plastic’. Throughout the industry many developments have been made using some new types of abrasive grain and bond developments to increase the performance of the Bonded Abrasive Product.
Bonded Abrasives, such as those in grinding wheels, are made up of grains that are held together by a fixative material can be used to cut-off and to grind on different hand-held machines, petrol saws, straight grinder, and angle & vertical grinder. Each product is designed to give a speed of cutting requirements, specific finish, and stock removal.
Bonded Abrasives has found numerous application such as precision grinding, cutting, rough grinding, fabrication, polishing, and others. Increasing demand for automotive industry is likely to drive the Bonded Abrasives Market growth. The growing automobile industry in Asia-Pacific has boosted the Global Bonded Abrasives Market over the forecasted period.
The Global Bonded Abrasives Market is immensely driven by the rising demand and growth of various industrial manufacturing and automotive sector. Industrial manufacturing and processing sector has witnessed profound growth, specifically in the Asia Pacific region.
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Market Highlights:
Bonded Abrasives are in various shapes such as wheels, segments, sticks, and many other. Bonded Abrasives are divided into vitrified, rubber products and thin wheels and are manufactured by mixing grains with bonding material, molding them to shape and then subjecting the output to firing or baking in high temperature and finishing the same to desired dimensions.
Bonded Abrasives contain abrasive grains held together in a form of resin, glass, rubber, or other materials and used as grinding wheels and stones and sticks forms. They are used to remove surface materials such as metal, ceramics, glass, plastics, and paint. Bonded Abrasives found in various type according to their requirement such as depressed center wheels, cup-shaped wheels, recessed or relieved, wheels, tapered body wheel. Depressed center wheels used in weld grinding, weld spatter removal descaling, heavy deburring and operations requiring rapid stock removal. Cup-Shaped Wheels type Bonded Abrasives applications include weld removal, flame-cut grinding, flash, and gate and riser removal. Recessed Or Relieved, Wheels used in Suitable for all metal cutting applications. Examples includes sheet metal cutting, pipe and rods sectioning, Gate removal and tapered body wheel have a thicker cross-section at the bore, which becomes thinner or tapers toward the outer diameter.
Regional Analysis:
The Asia-Pacific Bonded Abrasives Market is expected to grow due to growing application industry. China is largest market share in Global Bonded Abrasives Market. The report estimates the size of the Bonded Abrasives Market, both in terms of volume and value. Other regions like India, Indonesia and Brazil are expected to drive the demand. Huge demand in various application such as precision grinding, cutting, rough grinding, fabrication, polishing, and others likely to drive the Bonded Abrasives Market growth. Growing demand for automotive industry, electronics in China and India has boosted the Bonded Abrasives Market demand followed by North America and Europe.
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Segmentation:
The Global Bonded Abrasives Market is majorly segmented on the basis of types, application, end users and region. Based on types of Bonded Abrasives Market is segmented into depressed center wheels, cup-shaped wheels, recessed or relieved, wheels, tapered body wheel. Based on application of Bonded Abrasives the market is segmented into precision grinding, cutting, rough grinding, fabrication, polishing, and others. Based on end user the market segmented into automobile, shipbuilding, construction, general metalworking, and others.
Key Players:
Key players of the Global Bonded Abrasives Market are (Norton) Saint-Gobain Abrasives (US), 3M Manufacturing company (US), Buffalo Abrasives Inc(US), Abrasivos Manhattan SA (Spain), Marrose Abrasives (U.K), Grinding Techniques (Pty) Ltd (South Africa), SAK Abrasives Limited (India), sia Abrasives Industries AG (Switzerland), Flexovit (U.S), Carborundum Universal Limited (India) and Others.
Key Points from Table of Contents:
11 Company Profiles
11.1 (Norton) Saint-Gobain Abrasives (US)
11.1.1 Company Overview
11.1.2 Product/Business Segment Overview
11.1.3 Financial Updates
11.1.4 Key Developments
11.2 3M Manufacturing company (U.S)
11.2.1 Company Overview
11.2.2 Product/Business Segment Overview
11.2.3 Financial Updates
11.2.4 Key Developments
11.3 Buffalo Abrasives Inc (U.S)
11.3.1 Company Overview
11.3.2 Product/Business Segment Overview
11.3.3 Financial Updates
11.3.4 Key Developments
11.4 Abrasivos Manhattan SA (Spain)
11.4.1 Company Overview
11.4.2 Product/Business Segment Overview
11.4.3 Financial Updates
11.4.4 Key Developments
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