Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Bonded Abrasives Market Size is Expected to Grow from USD 15.6 Billion in 2023 to USD 25.2 Billion by 2033, at a CAGR of 4.91% during the forecast period 2023-2033.
The bonded abrasives market is defined as the industry that produces and distributes abrasive material bonded by a binding substance to create grinding wheels, cutting discs, segments, and stones that are applied to grind, cut, sharpen, and polish across different industries. The abrasives are used extensively in metalworking, automotive, aerospace, construction, and manufacturing industries. Moreover, the bonded abrasives market is powered by increasing demand from metal fabrication, automotive, aerospace, and construction sectors, growing infrastructure activities, advances in precision grinding technologies, increased adoption of high-performance abrasives, rising manufacturing operations, and demands for effective material removal and surface finishing solutions for different industrial applications globally. However, the bonded abrasives market is subjected to restraints like raw material price volatility, environmental issues related to abrasive waste disposal, manufacturing cost, availability of substitute abrasive technologies, and strict regulations on industrial emissions and employee safety.
The grinding wheels segment accounted for the largest share of the global bonded abrasives market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on product type, the global bonded abrasives market is divided into grinding wheels, cutting wheels, and polishing wheels. Among these, the grinding wheels segment accounted for the largest share of the global bonded abrasives market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.This is pursued by strong demand from metal fabrication, automotive, aerospace, and manufacturing sectors. Their extensive application in material removal, precision grinding, and surface finishing operations further solidifies their leadership over other product categories.
The metalworking segment accounted for a substantial share of the global bonded abrasives market in 2023 and is anticipated to grow at a rapid pace during the projected period.
On the basis of the end-use, the global bonded abrasives market is divided into automotive, aerospace, and metalworking. Among these, the metalworking segment accounted for a substantial share of the global bonded abrasives market in 2023 and is anticipated to grow rapidly during the projected period. This is urged by the expanding demand for precision grinding, cutting, and surface finishing in industrial machining, fabrication, and manufacturing operations. Increasing infrastructure development and production of metal components further enhance its market leadership.
Asia Pacific is projected to hold the largest share of the global bonded abrasives market over the projected period.
Asia Pacific is projected to hold the largest share of the global bonded abrasives market over the projected period. This is led by fast-paced industrialization, booming construction development, growing automotive and aerospace industries, and rising demand for precision machining in regions such as China, India, and Japan, where manufacturing and infrastructure development are expanding considerably.
North America is expected to grow at the fastest CAGR of the global bonded abrasives market during the projected period. This is led by advances in manufacturing, rising demand in the automotive and aerospace sectors, growing infrastructure projects, and expanding usage of high-performance abrasives. The availability of leading industry players and advances in technology support market growth further.
Company Profiling
Major vendors in the global bonded abrasives market are Saint-Gobain, Carborundum Universal Limited, Sia Abrasives Industries AG, Nippon Resibon Corporation, Flexovit, Buffalo Abrasives, Abrasives Manhattan, Marrose Abrasives, Grinding Techniques Ltd, SAK Abrasives Limited., and others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global bonded abrasives market based on the below-mentioned segments:
Global Bonded Abrasives Market, By Product Type
Global Bonded Abrasives Market, By End-use
Global Bonded Abrasives Market, By Regional
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