The “Abrasive Wheels Market to 2025 by Product (Bonded Wheels and Super Abrasive Wheels); and Material Type (Aluminum Oxide, Zirconia Alumina, Silicon carbide, and Ceramic Aluminum Oxide) – Global Analysis and Forecast”. The scope of study involves understanding on the factors responsible for this growth of abrasive wheels market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant abrasive wheels players in the market and their key developments

The global abrasive wheels market is valued at US$ 10,280.8 million in 2017 and is estimated to reach US$ 16,400.0 million by 2025, growing at a CAGR of 6.1% during 2018 to 2025. APAC region comprises of many developing countries such as China, India, and Japan including others and rapid industrial growth in these countries is supporting the abrasive wheels market. This region contains a diverse range of economies with changing development and extensive variety of end-use industries.

Asia Pacific is expected to continue its lead during the forecast period 

Abrasive Wheels Market to 2025 – Global Analysis and Forecast by Product and Material Type. Abrasive wheels market is expected to grow to US$ 16,400.0 million by 2025 from US$ 10,280.8 million in 2017. Abrasive wheels are witnessing high growth in their use, owing to the significant growth in automotive industry that replaced traditional machining and milling in the manufacturing of automotive parts. Moreover, implementation of grinding process reduces overall production and several advances in abrasive wheel process & material made this technology suitable for range of automotive manufacturing applications.

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Asia-Pacific is leading the global abrasive wheels market, followed by North America. However, China, United States, Germany, Japan, Spain, and Mexico are few of the major countries in this market. China is evaluating into a high-skilled manufacturing hub, whereas other countries such as India, South Korea, and Taiwan among others are attracting neighboring countries by offering lower labor cost. However, the primary reasons for the growth of abrasive wheels APAC region is technological development and rapid growth in the automotive sector. Globally, China is the largest producer of passenger cars, along with Japan, India, and South Korea are few of the major vehicle manufacturing countries.

Abrasive wheels are widely adopted in range of application such as automotive, aerospace, metal casting, and ship building including many others. Automotive segment represents a noteworthy demand for abrasive wheels owing to rise in vehicle production mainly in developing countries. Moreover, rise in popularity of centerless grinders which leads to new abrasive developments. Employment of novel features such as numerical control programmable controls in centerless grinding making it easier to set up equipment.

Some of the major players operating in the market include 3M Company, Saint-Gobain, Super Abrasives, Noritake, Klingspor Abrasives, DSA Products Ltd., Andre Abrasive Articles, Deerfos, Camel Grinding Wheels, and Tyrolit Group. 

It is stated in METAL AP2018, Asia-Pacific Metal Industry Exhibition that Chinese companies have given notable results by continuously growing at a rapid speed in metal industry as the basic manufacturing industry. The number of metal casting manufacturing plants are shifting from developed to developing countries owing to the ample availability of raw material and relatively low labor cost.  Asia-Pacific is also showing remarkable growth in the manufacturing of new generation automobiles. Asia Briefing stated that, increase in purchasing power and income has surged the automotive industry in Asia-Pacific. ASEAN trade bloc is expected to become the world’s sixth largest automotive market by the end of 2018. 

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