Bonded Abrasives Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Bonded abrasives are a mixture of abrasive grains and bonding materials. These are primarily used to remove surface materials such as ceramics, glass, metal, plastics, and paints. Besides, bonded abrasives are used in grinding wheels and abrasives stones or sticks. The major end-use industries of bonded abrasives include automotive, aerospace, construction, marine, and others.

MARKET DYNAMICS

Increasing demand for pre-engineered automotive parts and components coupled with the accelerated growth of the metal fabrication industry are important factors driving the market growth. Moreover, the rapid development of the manufacturing industry and mounting demand for bonded abrasives from other end-use industries such as automotive, aerospace, marine, construction, and others also contribute significantly to the growth of bonded abrasives market globally. However, fluctuation in raw material prices may act as a restraint for bonded abrasives market growth.

MARKET SCOPE

The "Global Bonded Abrasives Market Analysis to 2031" is a specialized and in-depth study of the chemicals & materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the bonded abrasives market with detailed market segmentation by application, end-use industry. The global bonded abrasives market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading bonded abrasives market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global bonded abrasives market is segmented into application, end-use industry. By application, the bonded abrasives market is classified into Precision Grinding, Rough Grinding, Cutting, Polishing, Others. By category, the bonded abrasives market is classified into Automotive, Aerospace, Construction, Marine, Others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global bonded abrasives market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The bonded abrasives market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the bonded abrasives market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the bonded abrasives market in these regions.

MARKET PLAYERS

The report covers vital developments in the bonded abrasives market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the bonded abrasives market are anticipated to lucrative growth opportunities in the future with the rising demand for bonded abrasives in the global market. Below mentioned is the list of few companies engaged in the bonded abrasives market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the bonded abrasives market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.

- Saint-Gobain
- Buffalo Abrasives Inc
- 3M
- Marrose Abrasives
- Abrasives Manhattan, SA
- Grinding Techniques (Pty) Ltd
- SAK Abrasives Limited
- Sia Abrasives Industries AG
- Flexovit
- NIPPON RESIBON CORPORATION

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Bonded Abrasives Report Scope