About Grinding Wheel
Grinding wheels are generally composed of an abrasive compound and used in a variety of grinding and abrasive machining operations, and such wheels are widely used in grinding machines. The wheels are primarily made from a composite material that consists of a coarse-particle aggregate, pressed and bonded together by a cementing matrix to form a solid, generally a circular shape product.
Technavio’s analysts forecast the global grinding wheel market to grow at a CAGR of 5.02% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global grinding wheel market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Grinding Wheel Market 2017-2021
Technavio recognizes the following companies as the key players in the global grinding wheel market: Saint-Gobain, NORITAKE, KLINGSPOR, and Ekamant.
Other Prominent Vendors in the market are: 3M, Mirka, NIHON KENSHI, Sankyo-Rikagaku, DEERFOS, Carborundum Universal Limited (CUMI), Uneeda Enterprizes, KOVAX, AWUKO ABRASIVES, TAIYO KENMAZAI, Camel Grinding Wheels Works Sarid, TYROLIT, SHIN-EI Grinding Wheels, DSA Products, Andre Abrasive Articles, DK Holdings, Thai GCI Resitop, ATLANTIC, Wendt (India), Robert Bosch Tool, and Hitachi Koki.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing popularity of centerless grinders leads to new abrasive developments. Centerless grinders are primarily designed for workpieces that have a diameter of less than 150 mm. They can be equipped with both conventional and cubic boron nitride (CBN) grinding wheels. The dual support high-speed spindle enables shorter cycle times and longer dress intervals.
According to the report, one of the major drivers for this market is Constant demand from oil and gas industries. Grinding wheels are used in various applications, such as the manufacture, maintenance, and repair of upstream, midstream, and downstream components in the production of oil and gas, in oil and gas industries. The upstream oil and gas industry is highly dependent on global crude oil prices. The recent slump in crude oil prices, which started in mid-2014, severely affected the industry. However, crude oil prices have now increased and are stabilizing in the $50-60/bbl. range.
Further, the report states that one of the major factors hindering the growth of this market is Challenges in grinding operations. The process of abrasive grinding involves the removal of metal through abrasion, which results in the production of heat. Hence, it is mandatory to study the effects of heat during the grinding process to have an idea of the thermal effects involved. These effects can be as follows: effect on the grinding wheel and effect on the work piece.
Saint-Gobain, NORITAKE, KLINGSPOR, Ekamant, 3M, Mirka, NIHON KENSHI, Sankyo-Rikagaku, DEERFOS, Carborundum Universal Limited (CUMI), Uneeda Enterprizes, KOVAX, AWUKO ABRASIVES, TAIYO KENMAZAI, Camel Grinding Wheels Works Sarid, TYROLIT, SHIN-EI Grinding Wheels, DSA Products, Andre Abrasive Articles, DK Holdings, Thai GCI Resitop, ATLANTIC, Wendt (India), Robert Bosch Tool, and Hitachi Koki.
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