The bonded abrasives market globally is set to register a standard CAGR of nearly 5% during the forecast period.
The usage of bonded abrasive materials is growing in the building industry for residential, commercial, and infrastructure projects.
An abrasive is a material that when rubbed against a surface, produces the desired surface finish and shape. Abrasives are usually minerals that are often available in a wide range of shapes, sizes, and types.
They are usually used to clean, grind, scour, abrade, or remove the solid material usually by using impact or by rubbing action. Abrasives are mainly classified as bonded abrasives, steel abrasives, coated abrasives, rubber bonded abrasive wheels, loose abrasives grain, resin grinding wheels, and raw super abrasives, among others.
The abrasives material or the abrasives product finds various applications in industries such as electrical & electronics, machinery, metal fabrication, and transportation among others.
| Attributes | Details |
|---|---|
| Bonded Abrasives Market Value in 2020 | Over USD 20 Billion |
| Bonded Abrasives Market CAGR (2022 to 2032) | 5% |
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The increasing demand for advanced technology-based pieces of machinery will boost the demand for bonded abrasives market.
The growing automobile industry is expected to boost the overall growth of the bonded abrasives market. Resin grinding wheels are widely used in giving the required surface finish as well as the desired design to automobiles.
Bonded abrasives are natural or synthetic abrasive grains that are usually bonded into a solid form. Bonded abrasives are usually made of abrasive grains that are closely sized and molded or pressed to produce a wide variety of products.
Resin-bonded grinding wheels are usually in the shape of a wheel. The product range of the resin-bonded grinding wheels also includes the snagging wheel, mounted wheel, grinding and cut-off wheel, cones, and plugs. Resin grinding wheels are mainly used for precision grinding, cutting, rough grinding, lapping, sharpening, and light grinding among others.
The increasing use of vitrified bonded grinding wheels for de-scaling and dust removal will upkeep the overall growth of the bonded abrasives market.
The rubber-bonded abrasive wheel helps in the superfinishing of the machine shaft to achieve the required roughness. The resin grinding wheels are used in providing a smooth finish to the various tools and the pieces of machinery that are manufactured.
The rubber-bonded abrasive wheel is used in the polishing as well as deburring of the boreholes on the machine blocks. Regular maintenance of the workshops further boosts the overall demand for the bonded abrasives market.
Vitrified bonded grinding wheels are also widely used in the medical sector. Vitrified bonded grinding wheels are used to sharpen dental tools.
The bonded abrasives are also used for smoothening the edges of the dental tools such that it is extremely convenient for doctors to use the dental tools on patients. The bonded abrasives market segment accounts for the largest share of the global abrasives market.
Principal Consultant
Asia-Pacific has the largest construction market, followed by India, China, and several Southeast Asian countries. Housing for All by 2022, a program announced by the Indian government, is likely to have a substantial influence on the residential building bonded abrasives market in India throughout the forecast period.
North America is expected to be the largest shareholder in the bonded abrasives market. The growing demand especially in the USA is expected to boost the growth of the global bonded abrasives market.
Europe is expected to be the next largest consumer of bonded abrasives market especially due to the growing demand, especially in Germany.
The Asia Pacific is expected to be the fastest-growing market for the bonded abrasives market mainly due to the presence of various end-use industries, especially in China and India.
| Attributes | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2015 to 2020 |
| Market Analysis | USD Billion for Value |
| By Type | Vitrified Bonds, Rubber Bonds, Resin Bonds, Others |
| By End User | Automotive, Marine, Aerospace, Construction, Metal Working, Others |
| By Application | Polishing, Grinding, Cutting, Others |
| By Region | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific; Middle East and Africa |
| By Key Players | 3M; Marrose Abrasives; Saint-Gobain; SAK ABRASIVES LIMITED; Carborundum Universal Limited |
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The bonded abrasives market is expected to witness a CAGR of 5% from 2022 to 2032.
The Bonded abrasives market by 2027 is estimated to grow over the valuation of US$ 28.14 Billion.
Bonded abrasives spending in 2020 is expected to be US$ 20 billion.
The global bonded abrasives market is expected to reach USD 34.21 Billion by 2032.
Asia Pacific holds the biggest market share in the bonded abrasives market
1. Executive Summary | Bonded Abrasives Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type 5.1. Grinding Wheels 5.2. Abrasive File 5.3. Blank Wheels 5.4. Cylinder Wheels 5.5. Cut-off Wheels 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Bonding Agent 6.1. Vitreous 6.2. Resin 6.3. Rubber 6.4. Epoxy 6.5. Other Bonding Agents 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Applications 7.1. Polishing 7.2. Off-hand Tool Grinding 7.3. Precision Grinding 7.4. Sharpening 7.5. Lapping 7.6. Other Applications 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-Use Industry 8.1. Automobile 8.2. Construction 8.3. Fabrication 8.4. Steel 8.5. Others 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. East Asia 9.5. South Asia & Pacific 9.6. Middle East and Africa 10. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. SAK Abrasives Limited 18.2. Fepa Abrasives 18.3. Sticks and Stones Unlimited Inc. 18.4. Easy Abrasives, LLC 18.5. Sia Abrasives Industries AG 18.6. KLINGSPOR 18.7. RPM 18.8. Electro Abrasives, LLC 18.9. Ocean State Abrasives 18.10. Corinthian Capital 19. Assumptions & Acronyms Used 20. Research Methodology
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Bonded Abrasives Market
