Global Abrasive Wheels Market 2018-2025: Growth of Automotive Industry, Research & Development, and Technological Advancement Furling Growth

Dublin, May 28, 2018 (GLOBE NEWSWIRE) — The “Abrasive Wheels Market to 2025 – Global Analysis and Forecasts by Product (Bonded Wheels and Super Abrasive Wheels), and Material Type (Aluminum Oxide, Zirconia Alumina, Silicon Carbide, and Ceramic Aluminum Oxide)” report has been added to ResearchAndMarkets.com’s offering. 

Abrasive wheels market is expected to grow US$ 16,400.0 million by 2025 from US$ 10,280.8 million in 2017

The sales of abrasive wheels is largely influenced by numerous factors. The major factors that is fueling the growth the market are substantial growth of automotive industry, research & development, and technological advancement in the field of abrasives wheels in order to produce more efficient products. On the basis of product, bonded wheels are dominating the global abrasive wheels market owing to its high efficiency and its ability to hold abrasive grains within the wheel structure.

The competitive dynamics in the abrasive wheels market is anticipated to change during the coming years with entry of new players. Majority of the companies are located in the Asia-Pacific region as well as in the Europe However, new players are emerging in the developing countries particularly in Asia Pacific. High penetration of the market is noticed in developing countries however, developed economies are also witnessing an increase in the usage of these wheels in several manufacturing industries such as automotive, foundries, and ship building among others. China, U.S., and Germany hold substantial global market share, China being on the first position.

Aluminum oxide is the most preferred material which oxide is tough, economical, & fractures resistance which is one of the most commonly used abrasive. It is widely used owing to its hardness & strength and considered as a less expensive substitute for industrial diamond. Owing to technological innovation and changing needs of the industry, several companies in this market are involved in research & development to deliver reliable supply of high-quality aluminum oxide materials. In 2017, aluminum oxide segment dominated the global abrasive wheels market and it is anticipated to continue its lead during the forecast period.

Key Topics Covered:

1 Tables & Figures

2 Introduction 
2.1 Scope of the Study
2.2 Research Report Guidance

3 Key Takeaways 

4 Abrasive Wheels Market Landscape 
4.1 Market Overview
4.2 Market Segmentation
4.2.1 Global Abrasive Wheels Market – By Product
4.2.2 Global Abrasive Wheels Market – By Material Type
4.2.3 Global Abrasive Wheels Market – By Geography
4.3 PEST Analysis

5 Global Abrasive Wheels Market – Key Market Dynamics 
5.1 Key Market Drivers
5.1.1 Significant Growth in Automotive Industry
5.1.2 Rise in Popularity of Centerless Grinders Leads to New Abrasive Developments
5.2 Key Market Restraints
5.2.1 Challenges in Grinding Operations
5.3 Key Market Opportunities
5.3.1 Increase in Research & Development Activities
5.4 Future Trends
5.4.1 Advancement in Abrasive Technology
5.5 Impact Analysis of Drivers and Restraints

6 Abrasive Wheels Market – Global 
6.1 Global Abrasive Wheels Market Overview
6.2 Global Abrasive Wheels Market Forecast and Analysis

7 Global Abrasive Wheels Market Analysis – By Product 
7.1 Overview
7.2 Bonded Wheels
7.2.1 Overview
7.2.2 Global Bonded Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
7.2.2.1 Vitrified Wheels
7.3 Super Abrasive Wheels

8 Global Abrasive Wheels Market Analysis – By Material Type 
8.1 Overview
8.2 Aluminum Oxide
8.3 Zirconia Alumina
8.4 Silicon Carbide
8.5 Ceramic Aluminum Oxide
8.6 Others

9 Global Abrasive Wheels Market – Geographical Analysis 

10 Industry Landscape 
10.1 Market Initiative

11 Competitive Landscape 
11.1 Competitive Product Mapping
11.2 Market positioning

12 Global Abrasive Wheels Market – Key Company Profiles 

  • 3M Company
  • SuperAbrasives Inc.
  • Saint-Gobain
  • NORITAKE Co., Limited
  • KLINGSPOR Abrasives, Inc.
  • DSA Products Ltd.
  • Andre Abrasive Articles
  • DEERFOS
  • Camel Grinding Wheels Works Sarid LTD
  • TYROLIT Group

For more information about this report visit https://www.researchandmarkets.com/research/wbdm94/global_abrasive?w=12

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Source: Research and Markets

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