Global Resinoid Grinding Wheel Market was valued at USD 0.6 Billion in 2022 and is projected to reach USD 0.9 Billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030.
The resinoid grinding wheel market has been witnessing significant growth due to the increasing demand for high-precision grinding applications across industries such as automotive, aerospace, and manufacturing. Resinoid grinding wheels, known for their flexibility and high cutting efficiency, are primarily used for grinding tough metals and alloys, which are commonly found in these industries. As technological advancements in manufacturing continue, the need for high-performance grinding wheels has surged, positioning resinoid wheels as a pivotal component in modern manufacturing.
Resinoid grinding wheels are composed of abrasive grains bonded by a resin material, allowing for a controlled wear rate and increased cutting efficiency. These wheels are available in various forms, including straight, cup, and disc shapes, which cater to different grinding requirements. The versatility of these wheels makes them ideal for various grinding operations, such as surface grinding, cylindrical grinding, and tool sharpening, making them a preferred choice for manufacturers.
Another key factor contributing to the growth of the resinoid grinding wheel market is the expanding use of automated machinery. Automation in industries such as metalworking and precision engineering has increased the need for grinding wheels that can withstand high temperatures and provide consistent performance over extended periods. Resinoid wheels offer both durability and reliability, ensuring that automated grinding processes run efficiently with minimal downtime.
As the market for resinoid grinding wheels continues to expand, key players in the industry are focusing on product innovation. This includes developing wheels that offer superior performance, longer lifespan, and better cost efficiency. The growing demand for customized grinding solutions and the push for environmentally friendly products are further driving these innovations.
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Krebs & Riedel
Shijiazhuang Jinyunxiang Technology Co.
Ltd.
CANPAS
iSharp Abrasives Tools Science Institute
Laxmipriya Abrasives
Carborundum Universal Limited (CUMI)
Genentech
NORITAKE CO.
LIMITED
SHIN-EI Grinding Wheels MFG. Co.
Ltd.
Mas S.r.l. at Imola
Bando Industrial Machine Co.
Ltd.
GRANIT ABRASIVE
Camel Grinding Wheels Discs And Abrasives
Preab
BONDFLEX ABRASIVES(JIANGYAN) CO.
LTD.
Komeno
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Resinoid Grinding Wheel Market
Billet Steel
Steel Plate
Steel Pipe Internal&Surface Treatment
Based on Types the Market is categorized into Below types that held the largest Resinoid Grinding Wheel market share In 2023.
Brown Corundum
Zr Corundum
Sintered Corundum
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Resinoid Grinding Wheel Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Resinoid Grinding Wheel Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Resinoid Grinding Wheel Market, By Type
6. Global Resinoid Grinding Wheel Market, By Application
7. Global Resinoid Grinding Wheel Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Resinoid Grinding Wheel Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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