Grinding Wheel Market Size to grow by USD 5017.1 million between 2024-2028
According to a research report “ Grinding Wheel Market” by Type (Straight wheels, Cylindrical wheels, Diamond wheels, Others) Material (Artificial abrasives, Natural abrasives) Geography (APAC, Europe, North America, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 5017.1 million, at a CAGR of almost 4.36% during the forecast period. Grinding wheels play a crucial role in the oil and gas industry, particularly in upstream operations, where they are utilized for manufacturing, maintaining, and repairing components in the production process. The upstream sector's health is heavily influenced by global crude oil prices. A downturn in oil prices can significantly impact this sector, leading to a decrease in active rig counts and reduced operations worldwide. This, in turn, affects major exploration and service provider companies. However, with the recent recovery in crude oil prices, upstream operations are experiencing a resurgence, boding well for the future of the grinding wheel market within the oil and gas industry.
Browse market data tables, figures, and in-depth TOC on “Grinding Wheel Market” by Type (Straight wheels, Cylindrical wheels, Diamond wheels, Others) Material (Artificial abrasives, Natural abrasives) Geography (APAC, Europe, North America, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample
By Type, the Straight wheels segment is projected to dominate the market size in 2024
In the grinding wheel market, artificial or synthetic abrasives, which are predominantly composed of materials such as silicon carbide, aluminum oxide, boron carbide, and boron nitride, hold the largest market share. These abrasives, including carborundum, aluminum oxide, and glass, offer superior consistency compared to natural abrasives. Their uniformity makes them the preferred choice for industrial grinding applications. Artificial abrasives can be utilized in both block and powdered forms to manufacture various grinding tools or as coating materials during the production process of industrial equipment.
By Material, Artificial abrasives segment is expected to hold the largest market size for the year 2024
In the realm of grinding wheels, straight wheels hold significant importance due to their extensive application in cylindrical, centerless, and surface grinding processes. These wheels come in various sizes, diameters, and widths, making them a versatile choice for bench or pedestal grinders. Primarily used to generate a slightly concave surface on the product, straight wheels are indispensable in industries such as automotive, aerospace, and shipbuilding. The burgeoning growth of these sectors during the forecast period is anticipated to fuel the demand for straight wheels on a global scale. These industries rely on straight wheels to manufacture intricate components that undergo the grinding process, thereby driving market expansion.
APAC is forecasted to hold the largest market size by region in 2024
The Grinding Wheel Market represents a significant business opportunity, driven by the increasing demand for precision and efficiency in manufacturing processes. Key players in this market leverage advanced technologies, such as CNC grinding and super-abrasive wheels, to cater to diverse industries, including automotive, aerospace, and heavy machinery. Market growth is further fueled by the rising trend of automation and the need for high-quality, consistent production.
The Grinding Wheel Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
.
For insights on company offerings- Request a sample report!
Research Analysis Overview
The Grinding Wheel Market encompasses a wide range of circular grinding wheels used in various industries for grinding, polishing, cleaning, and abrasive machining operations. These wheels come in different shapes, including disc wheels, cup wheels, and cylindrical grinding wheels. The bond used to hold the abrasive grains together is crucial, with options including resin, vitrified, and cemented matrix. The cementing matrix, which binds the coarse-particle aggregate and the abrasive grains, plays a significant role in determining the wheel's performance and durability. In the Steel Industry, grinding wheels are essential for bearing and machinery manufacturing, while in Construction and Transport Industry, they are used for cleaning and preparing surfaces. Composite materials, such as ceramic and diamond abrasive compounds, are increasingly being used in the Woodworking and Metalworking industries for more efficient and precise abrasive cutting. Material innovations continue to drive the market, with new bonded abrasive grains and advanced abrasive tools constantly being developed to meet the evolving needs of various industries.
Market Research Overview
The Grinding Wheel Market encompasses a wide range of products used in various industries for grinding, polishing, cleaning, and abrasive machining operations. Key components of grinding wheels include bearing & machinery such as aluminum discs and solid steel profiles in circular shapes. Natural composite stones like millstones have been traditionally used, but artificial aggregates and composites have gained popularity. Artificial composites, made from cementing matrix and coarse-particle aggregate, offer superior wear resistance and dimensional accuracy. Grinding wheels find extensive applications in the Steel Industry, Construction, and Transport Industry for precision machining and damage-free processing. Innovative materials like aluminum oxide, silicon carbide, and diamond are used in bonded abrasive grains for optimal surface quality and safety regulations compliance. Abrasive tools like disc wheels, cup wheels, and cylindrical grinding wheels are essential for industries like Woodworking and Metalworking. Sustainable manufacturing techniques and material innovations continue to shape the Grinding Wheel Market, ensuring efficient manufacturing activities and improved performance.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
