Bonded abrasives Market Synopsis
Bonded abrasives Market Size is Valued at USD 12.16 Billion in 2023 and is Projected to Reach USD 18.10 Billion by 2032, Growing at a CAGR of 5.10% From 2024-2032.
The bonded abrasives market the market for abrasives can be classified based on the way they are manufactured and intended for uses such as grinding, cutting, and finishing, where the abrasive material is bonded to a base material by the application of a binder. These abrasives play a very crucial role in a number of manufacturing activities such as metal working, timber working, and construction activities where smoothness, dimension accuracy and surface finish are critical. Some of the most familiar forms of bonded abrasives are grinding wheels, cutting off wheels and mounted points each of which is designed for certain working conditions and surfaces.
- The largest force behind the growth of the bonded abrasives market is the manufacturing industry, particularly in the developing countries. And so comes the need for fine and sharpened cutting tools and grinding in industries as these grows. This growth is due to technology as better performing abrasives are developed which improve productivity and minimize time lost to machine maintenance. Besides, the automotive and aerospace markets are growing which increases the demand of bonded abrasives because the above industries need highly accurate surface finishes and high precision.
- Another factor is the ever-increasing level of automation and mechanization in different fields as a way of increasing efficiency. It may also explain why manufacturers of automated manufacturing processes need consistent and standard abrasives to produce quality and efficient products. Furthermore, transition to the higher speed machining processes also require new generation of bonded abrasives, which are capable for operating at high speed as well as higher temperatures. It promotes innovation in the context of existing markets by creating pressure on companies to design new products which would address emergent market needs.
Bonded abrasives Market Trend Analysis
Increasing adoption of environmentally friendly products
- The current trend within the bonded abrasives market includes the promotion of products that are environmentally sustainable. Specifically, there are concerns for abrasives products that have less post-consumer recycling content as well as abrasives that emit less during their manufacture and usage. Such a change is in line with changes in other industries in terms of sustainable development and consumer demand for environmentally friendly products. Secondly, the regulatory system is forcing organizations to come up with products that are environmentally friendly, thus fueling this direction.
- The other area of transition is the use of digital technology in manufacturing and application of bonded abrasives. There is increasing use of data analytics and IOT (Internet of Things) in the tracking of abrasive performance, schedule for maintenance, and enhancing of the manufacturing process. The current technologies do not only make operations efficient but also make bonded abrasives work better and last longer for more value-added consumer, thereby creating market competitive advantage.
Rapid industrialization and infrastructure development
- Due to its vast potential in the growing economies, the bonded abrasives market is expected to grow at a better rate as compared to the traditional economies. The Asia-Pacific and Latin American countries are experiencing relatively enhanced investment on manufacturing and Construction, consequent demand for superior quality abrasives is felt. These opportunities can be leveraged by starting exporting factories or entering into partnerships with local factories with the demand increasing due to convenience as well as operational costs of importing equipment being high. Moreover, there are opportunities for improvements in product design to develop new and improved products that fit a specific market category of application. pment are underway. Countries in Asia-Pacific and Latin America are experiencing increased investments in manufacturing and construction sectors, leading to a rising demand for high-quality abrasives. Companies can capitalize on these opportunities by establishing local manufacturing facilities or partnerships to meet the growing demand while also reducing logistical costs.
- Additionally, there is potential for innovation in product development, particularly in creating specialized abrasives for niche applications. Special grinding and cutting need industries for expanded electronics, renewable energy, materials industries. Such industries include the transportation industry as well as the construction industry; By conducting research and development, companies can design products that fit the particular needs of these industries hence strengthening their market and opening up the potential for growth.
Bonded abrasives Market Segment Analysis:
Bonded abrasives Market Segmented on the basis of Product type, Material type, application, and end-users.
By Product Type, Grinding Wheels segment is expected to dominate the market during the forecast period
- The bonded abrasives market is classified by product type as follows: grinding wheels cutting off wheels mounted points others. The cutting wheels are commonly used for grinding, shaping and finishing operations on different types of materials and therefore are so valued in manufacturing industries and metal working industries. Cutoff wheels are mostly made for cutting hard materials and works best for applications in steel fabrication and construction. Mounted points are small, synthesized abrasives fixed on a shaft which find use in fine cutting and polishing chores in production processes such as in jewelry making or car repair among others. Other product types; refer to other narrow special application abrasive products in addition to those mentioned above that add the utility of bonded abrasives in different industries.
By Application, Metalworking segment held the largest share in 2024
- The market for bonded abrasives is divided into metalworking, construction, automotive, Aerospace, electronics and other applications. A number of fitted abrasives are used in metal operations because of their suitability in the general and precise metal operation tasks of grinding, cutting or finishing passed on by metal fabrication industries. These abrasives are used in construction industry including cutting and shaping concrete, masonry and other construction related products to increase production and effectiveness on construction sites. In the automotive industry, bonding abrasives provide high quality and performance in the machining process of engine parts, bodywork and assembling. Precision manufacturing in the aerospace industry requires particular abrasives for manufacturing critical aerospace components. In electronics bonded abrasives play their role in surface preparation and finishing of electronics components as a way of guaranteeing reliability of the product. The other application type can involve a range of industries, including woodworking, glass processing, and in the manufacturing of medical equipment, all of which demonstrate the diverse and unique uses of bonded abradants.
Bonded abrasives Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast period
- The bonded abrasives market is well driven in the Asia-Pacific because of the healthy industrial growth and heavy investment made in the manufacturing and construction industries. Other powers built the foundation for this growth including China, India and Japan where China is the largest producer and consumer of Bonded Abrasives. With strong manufacturing industry within the region and growth of different applications requiring high-quality abrasives the region is poised to lead the market.
- In addition, the Asia-Pacific region boasts of ample skilled labour and growing incorporation of technology in the production process to raise efficiency. There are also many important players based in this region and this competition and innovations help to boost the market for bonded abrasives. At the same time as industries become established and new technologies come into the market the Asia-Pac area looks set to continue its hold on the market share for bonded abrasives.
Active Key Players in the Bonded abrasives Market
- Saint-Gobain Abrasives (France)
- 3M Company (United States)
- Norton Abrasives (United States)
- Tyrolit (Austria)
- Carborundum Universal Limited (CUMI) (India)
- Pferd Inc. (United States)
- SATA GmbH (Germany)
- Klingspor AG (Germany)
- Abrasive Technology, Inc. (United States)
- Buehler (United States) and Others Active Players
Global Bonded abrasives Market Scope:
Global Bonded abrasives Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 12.16 Bn. |
Forecast Period 2024-32 CAGR: |
5.10 % |
Market Size in 2032: |
USD 18.10 Bn. |
Segments Covered: |
By Product Type |
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By Material type |
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By Application |
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By End User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
ā1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
ā3.1 Market Dynamics
āā3.1.1 Drivers
āā3.1.2 Restraints
āā3.1.3 Opportunities
āā3.1.4 Challenges
ā3.2 Market Trend Analysis
ā3.3 PESTLE Analysis
ā3.4 Porter's Five Forces Analysis
ā3.5 Industry Value Chain Analysis
ā3.6 Ecosystem
ā3.7 Regulatory Landscape
ā3.8 Price Trend Analysis
ā3.9 Patent Analysis
ā3.10 Technology Evolution
ā3.11 Investment Pockets
ā3.12 Import-Export Analysis
Chapter 4: Bonded abrasives Market by Product Type
ā4.1 Bonded abrasives Market Snapshot and Growth Engine
ā4.2 Bonded abrasives Market Overview
ā4.3 Grinding Wheels
āā4.3.1 Introduction and Market Overview
āā4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā4.3.3 Key Market Trends, Growth Factors and Opportunities
āā4.3.4 Grinding Wheels: Geographic Segmentation Analysis
ā4.4 Cutting Off Wheels
āā4.4.1 Introduction and Market Overview
āā4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā4.4.3 Key Market Trends, Growth Factors and Opportunities
āā4.4.4 Cutting Off Wheels: Geographic Segmentation Analysis
ā4.5 Mounted Points
āā4.5.1 Introduction and Market Overview
āā4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā4.5.3 Key Market Trends, Growth Factors and Opportunities
āā4.5.4 Mounted Points: Geographic Segmentation Analysis
ā4.6 Others
āā4.6.1 Introduction and Market Overview
āā4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā4.6.3 Key Market Trends, Growth Factors and Opportunities
āā4.6.4 Others: Geographic Segmentation Analysis
Chapter 5: Bonded abrasives Market by Material Type
ā5.1 Bonded abrasives Market Snapshot and Growth Engine
ā5.2 Bonded abrasives Market Overview
ā5.3 Aluminum Oxide
āā5.3.1 Introduction and Market Overview
āā5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā5.3.3 Key Market Trends, Growth Factors and Opportunities
āā5.3.4 Aluminum Oxide: Geographic Segmentation Analysis
ā5.4 Silicon Carbide
āā5.4.1 Introduction and Market Overview
āā5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā5.4.3 Key Market Trends, Growth Factors and Opportunities
āā5.4.4 Silicon Carbide: Geographic Segmentation Analysis
ā5.5 Diamond
āā5.5.1 Introduction and Market Overview
āā5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā5.5.3 Key Market Trends, Growth Factors and Opportunities
āā5.5.4 Diamond: Geographic Segmentation Analysis
ā5.6 Cubic Boron Nitride (CBN)
āā5.6.1 Introduction and Market Overview
āā5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā5.6.3 Key Market Trends, Growth Factors and Opportunities
āā5.6.4 Cubic Boron Nitride (CBN): Geographic Segmentation Analysis
ā5.7 Others
āā5.7.1 Introduction and Market Overview
āā5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā5.7.3 Key Market Trends, Growth Factors and Opportunities
āā5.7.4 Others: Geographic Segmentation Analysis
Chapter 6: Bonded abrasives Market by Application
ā6.1 Bonded abrasives Market Snapshot and Growth Engine
ā6.2 Bonded abrasives Market Overview
ā6.3 Metalworking
āā6.3.1 Introduction and Market Overview
āā6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā6.3.3 Key Market Trends, Growth Factors and Opportunities
āā6.3.4 Metalworking: Geographic Segmentation Analysis
ā6.4 Construction
āā6.4.1 Introduction and Market Overview
āā6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā6.4.3 Key Market Trends, Growth Factors and Opportunities
āā6.4.4 Construction: Geographic Segmentation Analysis
ā6.5 Automotive
āā6.5.1 Introduction and Market Overview
āā6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā6.5.3 Key Market Trends, Growth Factors and Opportunities
āā6.5.4 Automotive: Geographic Segmentation Analysis
ā6.6 Aerospace
āā6.6.1 Introduction and Market Overview
āā6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā6.6.3 Key Market Trends, Growth Factors and Opportunities
āā6.6.4 Aerospace: Geographic Segmentation Analysis
ā6.7 Electronics
āā6.7.1 Introduction and Market Overview
āā6.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā6.7.3 Key Market Trends, Growth Factors and Opportunities
āā6.7.4 Electronics: Geographic Segmentation Analysis
ā6.8 Others
āā6.8.1 Introduction and Market Overview
āā6.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā6.8.3 Key Market Trends, Growth Factors and Opportunities
āā6.8.4 Others: Geographic Segmentation Analysis
Chapter 7: Bonded abrasives Market by End-User
ā7.1 Bonded abrasives Market Snapshot and Growth Engine
ā7.2 Bonded abrasives Market Overview
ā7.3 Manufacturing
āā7.3.1 Introduction and Market Overview
āā7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā7.3.3 Key Market Trends, Growth Factors and Opportunities
āā7.3.4 Manufacturing: Geographic Segmentation Analysis
ā7.4 Construction
āā7.4.1 Introduction and Market Overview
āā7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā7.4.3 Key Market Trends, Growth Factors and Opportunities
āā7.4.4 Construction: Geographic Segmentation Analysis
ā7.5 Automotive
āā7.5.1 Introduction and Market Overview
āā7.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā7.5.3 Key Market Trends, Growth Factors and Opportunities
āā7.5.4 Automotive: Geographic Segmentation Analysis
ā7.6 Aerospace
āā7.6.1 Introduction and Market Overview
āā7.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā7.6.3 Key Market Trends, Growth Factors and Opportunities
āā7.6.4 Aerospace: Geographic Segmentation Analysis
ā7.7 Electronics
āā7.7.1 Introduction and Market Overview
āā7.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā7.7.3 Key Market Trends, Growth Factors and Opportunities
āā7.7.4 Electronics: Geographic Segmentation Analysis
ā7.8 Others
āā7.8.1 Introduction and Market Overview
āā7.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
āā7.8.3 Key Market Trends, Growth Factors and Opportunities
āā7.8.4 Others: Geographic Segmentation Analysis
Chapter 8: Company Profiles and Competitive Analysis
ā8.1 Competitive Landscape
āā8.1.1 Competitive Benchmarking
āā8.1.2 Bonded abrasives Market Share by Manufacturer (2023)
āā8.1.3 Industry BCG Matrix
āā8.1.4 Heat Map Analysis
āā8.1.5 Mergers and Acquisitions
āā
ā8.2 SAINT-GOBAIN ABRASIVES (FRANCE)
āā8.2.1 Company Overview
āā8.2.2 Key Executives
āā8.2.3 Company Snapshot
āā8.2.4 Role of the Company in the Market
āā8.2.5 Sustainability and Social Responsibility
āā8.2.6 Operating Business Segments
āā8.2.7 Product Portfolio
āā8.2.8 Business Performance
āā8.2.9 Key Strategic Moves and Recent Developments
āā8.2.10 SWOT Analysis
ā8.3 3M COMPANY (UNITED STATES)
ā8.4 NORTON ABRASIVES (UNITED STATES)
ā8.5 TYROLIT (AUSTRIA)
ā8.6 CARBORUNDUM UNIVERSAL LIMITED (CUMI) (INDIA)
ā8.7 PFERD INC. (UNITED STATES)
ā8.8 SATA GMBH (GERMANY)
ā8.9 KLINGSPOR AG (GERMANY)
ā8.10 ABRASIVE TECHNOLOGY
ā8.11 INC. (UNITED STATES)
ā8.12 BUEHLER (UNITED STATES)
ā8.13 OTHERS MAJOR PLAYERS
Chapter 9: Global Bonded abrasives Market By Region
ā9.1 Overview
ā9.2. North America Bonded abrasives Market
āā9.2.1 Key Market Trends, Growth Factors and Opportunities
āā9.2.2 Top Key Companies
āā9.2.3 Historic and Forecasted Market Size by Segments
āā9.2.4 Historic and Forecasted Market Size By Product Type
āā9.2.4.1 Grinding Wheels
āā9.2.4.2 Cutting Off Wheels
āā9.2.4.3 Mounted Points
āā9.2.4.4 Others
āā9.2.5 Historic and Forecasted Market Size By Material Type
āā9.2.5.1 Aluminum Oxide
āā9.2.5.2 Silicon Carbide
āā9.2.5.3 Diamond
āā9.2.5.4 Cubic Boron Nitride (CBN)
āā9.2.5.5 Others
āā9.2.6 Historic and Forecasted Market Size By Application
āā9.2.6.1 Metalworking
āā9.2.6.2 Construction
āā9.2.6.3 Automotive
āā9.2.6.4 Aerospace
āā9.2.6.5 Electronics
āā9.2.6.6 Others
āā9.2.7 Historic and Forecasted Market Size By End-User
āā9.2.7.1 Manufacturing
āā9.2.7.2 Construction
āā9.2.7.3 Automotive
āā9.2.7.4 Aerospace
āā9.2.7.5 Electronics
āā9.2.7.6 Others
āā9.2.8 Historic and Forecast Market Size by Country
āā9.2.8.1 US
āā9.2.8.2 Canada
āā9.2.8.3 Mexico
ā9.3. Eastern Europe Bonded abrasives Market
āā9.3.1 Key Market Trends, Growth Factors and Opportunities
āā9.3.2 Top Key Companies
āā9.3.3 Historic and Forecasted Market Size by Segments
āā9.3.4 Historic and Forecasted Market Size By Product Type
āā9.3.4.1 Grinding Wheels
āā9.3.4.2 Cutting Off Wheels
āā9.3.4.3 Mounted Points
āā9.3.4.4 Others
āā9.3.5 Historic and Forecasted Market Size By Material Type
āā9.3.5.1 Aluminum Oxide
āā9.3.5.2 Silicon Carbide
āā9.3.5.3 Diamond
āā9.3.5.4 Cubic Boron Nitride (CBN)
āā9.3.5.5 Others
āā9.3.6 Historic and Forecasted Market Size By Application
āā9.3.6.1 Metalworking
āā9.3.6.2 Construction
āā9.3.6.3 Automotive
āā9.3.6.4 Aerospace
āā9.3.6.5 Electronics
āā9.3.6.6 Others
āā9.3.7 Historic and Forecasted Market Size By End-User
āā9.3.7.1 Manufacturing
āā9.3.7.2 Construction
āā9.3.7.3 Automotive
āā9.3.7.4 Aerospace
āā9.3.7.5 Electronics
āā9.3.7.6 Others
āā9.3.8 Historic and Forecast Market Size by Country
āā9.3.8.1 Bulgaria
āā9.3.8.2 The Czech Republic
āā9.3.8.3 Hungary
āā9.3.8.4 Poland
āā9.3.8.5 Romania
āā9.3.8.6 Rest of Eastern Europe
ā9.4. Western Europe Bonded abrasives Market
āā9.4.1 Key Market Trends, Growth Factors and Opportunities
āā9.4.2 Top Key Companies
āā9.4.3 Historic and Forecasted Market Size by Segments
āā9.4.4 Historic and Forecasted Market Size By Product Type
āā9.4.4.1 Grinding Wheels
āā9.4.4.2 Cutting Off Wheels
āā9.4.4.3 Mounted Points
āā9.4.4.4 Others
āā9.4.5 Historic and Forecasted Market Size By Material Type
āā9.4.5.1 Aluminum Oxide
āā9.4.5.2 Silicon Carbide
āā9.4.5.3 Diamond
āā9.4.5.4 Cubic Boron Nitride (CBN)
āā9.4.5.5 Others
āā9.4.6 Historic and Forecasted Market Size By Application
āā9.4.6.1 Metalworking
āā9.4.6.2 Construction
āā9.4.6.3 Automotive
āā9.4.6.4 Aerospace
āā9.4.6.5 Electronics
āā9.4.6.6 Others
āā9.4.7 Historic and Forecasted Market Size By End-User
āā9.4.7.1 Manufacturing
āā9.4.7.2 Construction
āā9.4.7.3 Automotive
āā9.4.7.4 Aerospace
āā9.4.7.5 Electronics
āā9.4.7.6 Others
āā9.4.8 Historic and Forecast Market Size by Country
āā9.4.8.1 Germany
āā9.4.8.2 UK
āā9.4.8.3 France
āā9.4.8.4 Netherlands
āā9.4.8.5 Italy
āā9.4.8.6 Russia
āā9.4.8.7 Spain
āā9.4.8.8 Rest of Western Europe
ā9.5. Asia Pacific Bonded abrasives Market
āā9.5.1 Key Market Trends, Growth Factors and Opportunities
āā9.5.2 Top Key Companies
āā9.5.3 Historic and Forecasted Market Size by Segments
āā9.5.4 Historic and Forecasted Market Size By Product Type
āā9.5.4.1 Grinding Wheels
āā9.5.4.2 Cutting Off Wheels
āā9.5.4.3 Mounted Points
āā9.5.4.4 Others
āā9.5.5 Historic and Forecasted Market Size By Material Type
āā9.5.5.1 Aluminum Oxide
āā9.5.5.2 Silicon Carbide
āā9.5.5.3 Diamond
āā9.5.5.4 Cubic Boron Nitride (CBN)
āā9.5.5.5 Others
āā9.5.6 Historic and Forecasted Market Size By Application
āā9.5.6.1 Metalworking
āā9.5.6.2 Construction
āā9.5.6.3 Automotive
āā9.5.6.4 Aerospace
āā9.5.6.5 Electronics
āā9.5.6.6 Others
āā9.5.7 Historic and Forecasted Market Size By End-User
āā9.5.7.1 Manufacturing
āā9.5.7.2 Construction
āā9.5.7.3 Automotive
āā9.5.7.4 Aerospace
āā9.5.7.5 Electronics
āā9.5.7.6 Others
āā9.5.8 Historic and Forecast Market Size by Country
āā9.5.8.1 China
āā9.5.8.2 India
āā9.5.8.3 Japan
āā9.5.8.4 South Korea
āā9.5.8.5 Malaysia
āā9.5.8.6 Thailand
āā9.5.8.7 Vietnam
āā9.5.8.8 The Philippines
āā9.5.8.9 Australia
āā9.5.8.10 New Zealand
āā9.5.8.11 Rest of APAC
ā9.6. Middle East & Africa Bonded abrasives Market
āā9.6.1 Key Market Trends, Growth Factors and Opportunities
āā9.6.2 Top Key Companies
āā9.6.3 Historic and Forecasted Market Size by Segments
āā9.6.4 Historic and Forecasted Market Size By Product Type
āā9.6.4.1 Grinding Wheels
āā9.6.4.2 Cutting Off Wheels
āā9.6.4.3 Mounted Points
āā9.6.4.4 Others
āā9.6.5 Historic and Forecasted Market Size By Material Type
āā9.6.5.1 Aluminum Oxide
āā9.6.5.2 Silicon Carbide
āā9.6.5.3 Diamond
āā9.6.5.4 Cubic Boron Nitride (CBN)
āā9.6.5.5 Others
āā9.6.6 Historic and Forecasted Market Size By Application
āā9.6.6.1 Metalworking
āā9.6.6.2 Construction
āā9.6.6.3 Automotive
āā9.6.6.4 Aerospace
āā9.6.6.5 Electronics
āā9.6.6.6 Others
āā9.6.7 Historic and Forecasted Market Size By End-User
āā9.6.7.1 Manufacturing
āā9.6.7.2 Construction
āā9.6.7.3 Automotive
āā9.6.7.4 Aerospace
āā9.6.7.5 Electronics
āā9.6.7.6 Others
āā9.6.8 Historic and Forecast Market Size by Country
āā9.6.8.1 Turkey
āā9.6.8.2 Bahrain
āā9.6.8.3 Kuwait
āā9.6.8.4 Saudi Arabia
āā9.6.8.5 Qatar
āā9.6.8.6 UAE
āā9.6.8.7 Israel
āā9.6.8.8 South Africa
ā9.7. South America Bonded abrasives Market
āā9.7.1 Key Market Trends, Growth Factors and Opportunities
āā9.7.2 Top Key Companies
āā9.7.3 Historic and Forecasted Market Size by Segments
āā9.7.4 Historic and Forecasted Market Size By Product Type
āā9.7.4.1 Grinding Wheels
āā9.7.4.2 Cutting Off Wheels
āā9.7.4.3 Mounted Points
āā9.7.4.4 Others
āā9.7.5 Historic and Forecasted Market Size By Material Type
āā9.7.5.1 Aluminum Oxide
āā9.7.5.2 Silicon Carbide
āā9.7.5.3 Diamond
āā9.7.5.4 Cubic Boron Nitride (CBN)
āā9.7.5.5 Others
āā9.7.6 Historic and Forecasted Market Size By Application
āā9.7.6.1 Metalworking
āā9.7.6.2 Construction
āā9.7.6.3 Automotive
āā9.7.6.4 Aerospace
āā9.7.6.5 Electronics
āā9.7.6.6 Others
āā9.7.7 Historic and Forecasted Market Size By End-User
āā9.7.7.1 Manufacturing
āā9.7.7.2 Construction
āā9.7.7.3 Automotive
āā9.7.7.4 Aerospace
āā9.7.7.5 Electronics
āā9.7.7.6 Others
āā9.7.8 Historic and Forecast Market Size by Country
āā9.7.8.1 Brazil
āā9.7.8.2 Argentina
āā9.7.8.3 Rest of SA
Chapter 10 Analyst Viewpoint and Conclusion
10.1 Recommendations and Concluding Analysis
10.2 Potential Market Strategies
Chapter 11 Research Methodology
11.1 Research Process
11.2 Primary Research
11.3 Secondary Research
Global Bonded abrasives Market Scope:
Global Bonded abrasives Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 12.16 Bn. |
Forecast Period 2024-32 CAGR: |
5.10 % |
Market Size in 2032: |
USD 18.10 Bn. |
Segments Covered: |
By Product Type |
|
|
By Material type |
|
||
By Application |
|
||
By End User |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
Frequently Asked Questions :
The forecast period in the Bonded abrasives Market research report is 2024-2032.
Saint-Gobain Abrasives (France), 3M Company (United States), Norton Abrasives (United States), Tyrolit (Austria), Carborundum Universal Limited (CUMI) (India), Pferd Inc. (United States), SATA GmbH (Germany), Klingspor AG (Germany), Abrasive Technology, Inc. (United States), Buehler (United States). and Other Major Players.
The Bonded abrasives Market is segmented into by Product Type (Grinding Wheels, Cutting Off Wheels, Mounted Points, Others), Material Type (Aluminum Oxide, Silicon Carbide, Diamond, Cubic Boron Nitride (CBN), Others), By Application (Metalworking, Construction, Automotive, Aerospace, Electronics, Others), End-User (Manufacturing, Construction, Automotive, Aerospace, Electronics, Others). By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
The bonded abrasives market The market for abrasives can be classified based on the way they are manufactured and intended for uses such as grinding, cutting, and finishing, where the abrasive material is bonded to a base material by the application of a binder. These abrasives play a very crucial role in a number of manufacturing activities such as metal working, timber working, and construction activities where smoothness, dimension accuracy and surface finish are critical. Some of the most familiar forms of bonded abrasives are grinding wheels, cutting off wheels and mounted points each of which is designed for certain working conditions and surfaces.
Bonded abrasives Market Size is Valued at USD 12.16 Billion in 2023, and is Projected to Reach USD 18.10 Billion by 2032, Growing at a CAGR of 5.10% From 2024-2032.