Resinoid Grinding Wheel Market was valued at USD 3.5 Billion in 2022 and is projected to reach USD 5.2 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The resinoid grinding wheel market is experiencing significant growth, driven by advancements in manufacturing processes and the expanding applications of grinding wheels across diverse industries. A resinoid grinding wheel is an essential tool used for cutting, grinding, and polishing various materials. These wheels are made by combining abrasives like aluminum oxide, silicon carbide, or diamond with a resin bond, making them highly versatile for use in both dry and wet conditions. Their applications span industries such as automotive, aerospace, construction, and heavy machinery, with specific applications in billet steel, steel plates, and steel pipes. In this report, we will focus on the resinoid grinding wheel market by application, particularly in the sectors of billet steel, steel plate, and steel pipe internal and surface treatment.
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The application of resinoid grinding wheels is categorized into several subsegments, each focusing on a specific type of material or process. These applications range from the processing of metals, ceramics, and composites to the treatment of various surfaces and interiors of industrial products. A key area of growth is in the manufacturing and processing of billet steel, which is a critical raw material used for the production of various steel products. In this process, resinoid grinding wheels are used to shape and finish the steel billets, ensuring high precision and excellent surface finish. The grinding wheels facilitate operations such as deburring, smoothing, and shaping, which are essential for creating billets that meet strict dimensional and surface quality standards. The use of resinoid grinding wheels in billet steel is crucial for ensuring high-performance output and consistency in the steel production process. Resinoid grinding wheels also play a significant role in the processing of steel plates, where precision grinding is required for tasks like cutting, shaping, and smoothing. Steel plates are widely used in construction, automotive, and industrial applications, and resinoid grinding wheels are integral to improving surface integrity, reducing surface roughness, and ensuring the durability of the material. These grinding wheels are effective in preparing steel plates for further treatment, such as coating, welding, and assembly. The process also ensures that steel plates meet industry standards for flatness, strength, and resistance to corrosion. Additionally, resinoid grinding wheels are extensively used in the internal and surface treatment of steel pipes. Whether for the oil and gas, petrochemical, or manufacturing industries, the internal and surface treatment of steel pipes requires precise grinding to improve the quality and longevity of the pipes. Resinoid grinding wheels are instrumental in polishing, finishing, and removing imperfections from the pipes' surfaces, ensuring the pipes are fit for their intended use and are resistant to wear, corrosion, and fatigue.
The use of resinoid grinding wheels in billet steel processing is one of the most important applications in the steel industry. Billet steel is the primary raw material used for manufacturing a wide range of steel products, including bars, rods, and structural components. Resinoid grinding wheels play a pivotal role in shaping and finishing the surface of steel billets. During the production of billets, precise grinding ensures that the billets are free from defects such as cracks, surface irregularities, and scale. The grinding process provides a smooth, uniform finish, which is essential for ensuring that the billet can be further processed or transformed into other steel products without compromising on structural integrity. Additionally, resinoid grinding wheels are preferred in this application because they allow for high-speed grinding with excellent control, which reduces the risk of defects and increases productivity.In the billet steel application, resinoid grinding wheels are also utilized in processes like sizing and finishing. By employing the right combination of abrasive material and bond, resinoid grinding wheels can efficiently cut or grind billets to the desired dimensions. This is particularly important in industries where tight tolerances and high-performance standards are required, such as automotive manufacturing or aerospace component production. Moreover, grinding with resinoid wheels helps to maintain the consistency and quality of the billets, leading to higher yields and reduced waste. This results in cost savings for manufacturers, making resinoid grinding wheels an essential tool in the billet steel production process.
Steel plates are integral to numerous industries, including construction, automotive, and heavy machinery, and the need for precision in their manufacture and finishing is paramount. Resinoid grinding wheels are widely used in the processing of steel plates to achieve optimal surface quality, dimensional accuracy, and overall performance. The grinding process plays an essential role in eliminating surface irregularities, such as weld seams, oxidation, and scale, which can affect the strength, durability, and aesthetics of the final product. With resinoid grinding wheels, manufacturers are able to achieve a high degree of smoothness and flatness on steel plates, making them ideal for further processing, such as coating, welding, or assembly. Additionally, the grinding process can help in preparing steel plates for special treatments like heat treatment or painting, ensuring the material is free from imperfections that could affect the subsequent stages of production.In steel plate applications, resinoid grinding wheels are used for tasks like cutting, deburring, and finishing, with the ability to handle large volumes of material. The effectiveness of resinoid grinding wheels in providing high stock removal rates, combined with excellent surface finishes, makes them highly sought after in industries that require precision and efficiency. For example, in the automotive industry, the use of grinding wheels to process steel plates ensures that components such as chassis parts, body panels, and structural supports are manufactured with the highest quality standards. Similarly, in the construction industry, steel plates are often used for structural applications, and their accurate finishing is critical for ensuring the safety and longevity of buildings and infrastructure.
In the steel pipe industry, resinoid grinding wheels are crucial for the internal and surface treatment of pipes, which are used in sectors such as oil and gas, petrochemical, and manufacturing. Steel pipes undergo rigorous internal and external surface treatment processes to improve their functionality and resistance to corrosion, wear, and pressure. Resinoid grinding wheels are employed in the polishing and finishing of steel pipes to remove surface imperfections such as roughness, burrs, or oxidation. This enhances the pipe's performance, extending its lifespan and ensuring that it can withstand harsh conditions in industries like oil exploration, water transport, and structural applications. Additionally, the grinding process improves the pipe's ability to maintain a smooth internal surface, reducing friction and enhancing flow efficiency, which is critical in applications like fluid transport in the oil and gas industry.The use of resinoid grinding wheels in the internal and surface treatment of steel pipes also plays a significant role in achieving uniformity and precision. The high-performance grinding wheels can be customized to suit various pipe diameters and surface finishes, enabling manufacturers to produce pipes that meet specific industry standards. Whether for large-diameter pipes used in pipeline construction or small-diameter pipes for specialized applications, resinoid grinding wheels ensure that every product is of the highest quality. Furthermore, the use of grinding wheels in this application helps to reduce post-treatment processes and defects, which results in cost-effective production and higher yields.
Several key trends are shaping the resinoid grinding wheel market, particularly in the industrial manufacturing sector. One of the most notable trends is the increasing demand for high-performance grinding wheels that offer superior precision, efficiency, and durability. Manufacturers are increasingly adopting advanced grinding wheels that can handle demanding applications, such as steel billet finishing, steel plate grinding, and steel pipe surface treatment. This demand for precision and efficiency is also driving innovation in grinding wheel formulations, with the development of new resin and abrasive materials that deliver higher performance and longer lifespan. Another trend is the growing emphasis on automation and digitalization in the grinding process, which is enhancing the consistency and quality of the results. Automated grinding systems are being integrated into production lines to increase throughput and minimize the risk of human error, allowing for more efficient and cost-effective manufacturing operations.Furthermore, sustainability is becoming a key focus in the grinding wheel industry, with manufacturers working to reduce waste and improve energy efficiency. Resinoid grinding wheels are designed to be long-lasting and provide optimal performance, but there is also increasing interest in creating eco-friendly alternatives. This is driving manufacturers to develop grinding wheels that use fewer harmful chemicals, produce less dust, and consume less energy during the grinding process. Additionally, innovations in recycling and reusing grinding wheels are contributing to a more sustainable approach to manufacturing. As industries worldwide place greater emphasis on sustainability, these trends are expected to continue to gain momentum, creating new opportunities in the resinoid grinding wheel market.
The resinoid grinding wheel market offers significant growth opportunities, driven by rising demand in key industries such as automotive, aerospace, construction, and manufacturing. One of the most promising opportunities lies in the increasing demand for high-precision grinding in industries where product quality and surface finish are critical. The continued growth of the automotive and aerospace industries, in particular, is expected to fuel demand for resinoid grinding wheels, as these sectors require advanced materials and grinding processes to ensure the highest standards of performance and safety. Additionally, emerging economies in Asia-Pacific and Latin America present untapped markets for resinoid grinding wheels, as industrialization and infrastructure development continue to expand in these regions. Manufacturers can take advantage of these growing markets by offering tailored solutions that meet the specific needs of local industries.Another opportunity is in the development of advanced resinoid grinding wheels that can deliver superior performance for specific applications. Innovations in materials and manufacturing techniques are opening up new possibilities for grinding wheels that can withstand higher temperatures, provide better surface finishes,
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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, Japan, 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)
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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