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Abrasive Wheels Market to Witness Growth Acceleration During 2018-2025 3M Company, SuperAbrasives, DSA Products, Andre Abrasive Articles, Noritake, KLINGSPOR Abrasives

03-18-2019 11:05 AM CET | Industry, Real Estate & Construction

Press release from: The Insight Partners

Abrasive Wheels Market

Abrasive Wheels Market

Asia-Pacific is the dominant region in the abrasive wheels market and this region is expected to continue its lead during the forecast period. Where, China is dominating the worldwide vehicle sales which is followed by India. Moreover, China is entitles as the world’s largest automobile market which is forecasted to expand by 3.2% in 2018. The continual industrial and technological development in Asia-Pacific is further boosting the market for abrasive wheels in many different applications. Europe is the fastest growing region in abrasive wheels market owing to the government support to manufacturing industries. European Industrial policy is further aimed to stimulate the competitiveness and growth of manufacturing sector in the Europe.

Bonded abrasive wheels is leading segment, whereas super abrasive wheels are growing rapidly across the globe owing to its remarkable benefits. Super abrasive wheels mainly comprise of CBN or diamond abrasives which are specifically designed for most challenging applications. Super abrasive wheels are mostly recommended for industries including gear manufacturing, aerospace, medical, bearings, and automotive including many other.

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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.

Global abrasive wheels market is expected to grow from US$ 10,280.8 million in 2017 to US$ 16,400.0 million by 2025 growing at a CAGR of 6.1% from 2018 to 2025.

The Abrasive Wheels Market is at its growing phase in many developing countries owing to its applications in wide range of industries. The market is further expected to flourish in North America and Europe with the growing demand and production of automotive in this regions. One of the key factor propelling the market growth for abrasive wheels is the rapid growth in automotive industry and increase in the demand for higher finished parts. Further, increase in research & development activities is fostering the growth of the market.

The abrasive wheels market report aims to provide an overview of global abrasive wheels market with detailed market segmentation. Also, it analyzes the current abrasive wheels market scenario and forecasts the market till 2025. The report covers market dynamics effecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The report also provide PEST along with the SWOT analysis for all company profiled in the abrasive wheels market report.

Table of Contents:-

Global Abrasive Wheels Market – Key Market Dynamics
Global Abrasive Wheels Market Analysis – By Product
Global Abrasive Wheels Market Analysis – By Material Type
Global Aluminum Oxide Market Revenue and Forecasts to 2025 (US$ Mn)
Global Zirconia Alumina Market Revenue and Forecasts to 2025 (US$ Mn)
Global Silicon Carbide Market Revenue and Forecasts to 2025 (US$ Mn)
Global Abrasive Wheels Market – Geographical Analysis
Europe Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Middle East & Africa Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Asia Pacific (APAC) Abrasive Wheels Market Revenue and Forecasts to 2025
Global Abrasive Wheels Market – Key Company Profiles

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About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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