Global Market Study on Grinding Discs and Growth Analysis Covering Drivers and Trends, Demand & Supply, Current Issues and Challenges, Forecasted during 2018 to 2028 | Key Regions- North America, Latin America, Western Europe, Eastern Europe, Asia Pacific

Post the recent recession, the trend of globalization and industrialization is on the rise. After recovering from the recession, the durable goods and industrial goods market has witnessed substantial growth, which is likely to bolster demand for various tools in the upcoming years. The motor vehicle industry and construction industry are growing at a rapid pace, which is also a major end-user industries of tools and dies. Abrasive tools such as grinding discs and wheels are majorly used in the automotive and construction industry owing to the growing manufacturing activities around the world. Especially in the automotive industry, demand for high-quality and more efficient grinding tools is increasing for the development of future combustion engines.        

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Also, rapid growth of the manufacturing industry in developing countries such as China, India, and other countries in the Asia-Pacific region is boosting demand for abrasive tools. Increasing production of durable goods, rising standard of living, and growth in foreign investment is expected to augment the growth of the grinding discs market in developing countries. Increasing emphasis on enhanced manufacturing processes across industries is causing the higher usage of abrasive tools such as grinding discs per unit. It is also reflecting in an upsurge in the number of high-priced as well as value-added grinding discs in the abrasive tools market.

Increased Use of Hard-to-Cut Materials Creates Needs for Improving Performance of Grinding Discs

Owing to their unique physical characteristics, applications of materials with high hardness such as diamond or cubic boron nitride (CBN) have increased, especially in industrial practices. With the increasing use of ultra-hard materials across industries, the grinding discs market has yielded interesting success over the past few years. Owing to the substantial rise in the use of difficult-to-cut materials, manufacturers in the grinding discs market are optimizing their manufacturing processes. Manufacturers are making efforts to improve cutting parameters and component geometry of grinding discs in order to attain the desired results by the end of the grinding process.

To improve the performance of grinding discs, manufacturers are investing in research to identify chemical and physical characteristics of abrasive grains. Improving stability of grinding discs and reducing their thickness are among the two popular trends among the manufacturers in the grinding discs market. Most market players are producing grinding discs that can perform efficiently and uniformly at high-speed grinding applications. Also, to improve the service life of grinding discs, manufacturers are hardening the peripheral wear surface area of grinding discs with the help of various processes such as heat treatment or coating with compressive residual stresses. Manufacturers are focusing on investing in research and discovering ways to enhance various parameters of grinding discs and ultimately, gain a competitive edge in the grinding discs market.

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Manufacturers Finding Way to Reduce the Thickness of Grinding Discs to Improve Accuracy

While the requirement for high-quality and highly efficient grinding discs is increasing, making grinding discs thinner is a popular trend among the manufacturers in the grinding discs market. Capitalizing on the advancements in abrasion technologies and rising trends of product innovation in the grinding discs market, manufacturers are introducing thinner and stable grinding discs. Thinner grinding discs contribute to the improvements in accuracy and efficiency of grinding tools. They also reduce the time taken by grinding processes, making abrasion tools more efficient and ideal for the latest manufacturing capabilities across industries.

By complying with the safety requirements of world standards associated with grinding discs, manufacturers in the grinding disc market are attracting more consumers across the world. Owing to various advantages offered by thinner grinding discs, such as more stability, lesser sparks, more control over grinding, and lesser heating, demand for thin grinding discs is likely to remain higher than that of thick grinding discs. In addition, on identifying interrelated needs for cutting and grinding tools, market players are introducing 2-in-1 cutting and grinding discs to meet the consumer demands

This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on

Market Dynamics
Market Size
Market Segments
Demand & Supply Trends
Current Issues and Challenges
Companies and Competitor Landscape
Value Chain
Technology
Regional Segments Analyzed Include

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.

Highlights from the Report

Elaborated scenario of the parent market
Transformations in the market dynamics
Detailed segmentation of the target market
Historical, current and forecast market size based on value and volume
Latest industry developments and trends
Competition landscape
Strategies adopted by the market players and product developments made
Potential and niche segments, along with their regional analysis
Unbiased analysis on performance of the market
Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness

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