Abrasive Wheels Market Size, Share, Trends, Growth 2032

Abrasive Wheels Industry Prospective:

The global abrasive wheels market size was evaluated at $8.98 billion in 2023 and is slated to hit $13.95 billion by the end of 2032 with a CAGR of nearly 5.02% between 2024 and 2032.

The study includes the drivers and restraints of the global abrasive wheels market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the global abrasive wheels market on a global level.

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Abrasive Wheels Market: Growth Factors

Abrasive wheels are made of an abrasive compound that is used for various grinding operations. These wheels are generally made of composite materials, which constitute coarse particles bonded and pressed together via bonding to form a solid circular shape. There has been an increase in the number of research and development activities along with technological advancements over the last few years to make the bonding process more efficient. The major driver of the global abrasive wheels market is the flourishing automobile industry.

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The automobile industry uses abrasive grinding wheels in many processes, as these wheels give a better finish to the product and are easy to use. There is also a significant increase in the use of centerless grinders, which are newly developed advanced abrasive wheels. However, the various challenges faced during the grinding process, such as not getting the expected finish or dust particles being spread in the environment, are among some market restraints. Alternatively, ongoing research and development, to make the process of abrasive wheels more easy and efficient, is underway.

In addition, several advancements in abrasive technology are also witnessed that will further support the abrasive wheels market in the upcoming years.

In order to give the users of this report a comprehensive view of the global abrasive wheels market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the global abrasive wheels market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Abrasive Wheels Market : Report Scope

Abrasive Wheels Market: Segmentation

The study provides a decisive view of the global abrasive wheels market by segmenting it based on the product, material type, and region.

By Product, the abrasive wheels market is divided into bonded wheels and super abrasive wheels. Bonded wheels are expected to contribute the maximum revenue in the years ahead. Bonded wheels are highly efficient and can hold the abrasive grains efficiently, which actually grinds the surface on wheels within the wheels. There is a growing demand for bonded wheels as they are efficient and cost-effective apart from being extensively used by the automobile industry.

Based on Material Type, the global abrasive wheels market is divided into aluminum oxide, zirconia alumina, silicon carbide, and ceramic aluminum oxide. Aluminum oxide is estimated to hold maximum market share, in terms of revenue, in the future. Aluminum oxide is tough, has higher resistant to fracture, and is a highly economical product, which makes it one of the most widely used abrasives in the market. The market for aluminum oxide will grow in the future, as it’s an excellent substitute for diamonds and through latest technological advancements.

All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Abrasive Wheels Market: Regional Insights

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. This segmentation also includes the demand for major countries like the U.S., UK, Germany, China, India, Japan, and Brazil.

Geographically, the Asia Pacific abrasive wheels market is estimated to hold the maximum share globally, in terms of revenue, throughout the forecast time period. This regional dominance can be attributed to the presence of several automobile component manufacturers in China and South Korea and the increasing demand for automobiles.

Abrasive Wheels Market: Competitive Space

The global abrasive wheels market profiles key players such as:

• 3M
• SuperAbrasives
• Saint-Gobain
• NORITAKE
• KLINGSPOR Abrasives
• DSA Products
• Andre Abrasive Articles
• DEERFOS
• Camel Grinding Wheels Works
• Tyrolit Group

This report segments the global abrasive wheels market into:

Global Abrasive wheels Market: By Product

• Bonded wheels
• Super Abrasive Wheels

Global Abrasive wheels Market: By Material Type

• Aluminum Oxide
• Zirconia Alumina
• Silicon Carbide
• Ceramic Aluminum Oxide

Global Abrasive wheels Market: By Region

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa