What is Global Grinding Abrasive Disc Market?
The Global Grinding Abrasive Disc Market is a vast and dynamic sector that encompasses a wide range of products used in various industries. These discs are essentially tools used for grinding, cutting, and polishing different types of materials. The market is global in nature, meaning it spans across continents, catering to the needs of various industries worldwide. In 2023, the market was valued at a whopping US$ 2356.8 million, and it's not stopping there. The market is projected to grow even further, reaching an estimated value of US$ 3523.6 million by 2030. This represents a compound annual growth rate (CAGR) of 6.0% during the forecast period from 2024 to 2030. This growth is driven by various factors, including technological advancements, increasing demand from various industries, and the development of more efficient and durable grinding discs.
Alumina Material, Silicon Carbide Material, Ceramic Materials, Other in the Global Grinding Abrasive Disc Market:
The Global Grinding Abrasive Disc Market is segmented based on the type of material used in the discs. These materials include Alumina, Silicon Carbide, Ceramic, and others. Alumina material is widely used due to its hardness and durability. It is ideal for grinding metal surfaces and is commonly used in the metalworking industry. Silicon Carbide material, on the other hand, is known for its sharpness and fast cutting speed. It is often used for grinding non-metallic materials such as glass, plastic, and rubber. Ceramic materials are also used in grinding discs due to their high heat resistance and durability. They are commonly used in applications that require high precision and accuracy. Other materials used in grinding discs include diamond and cubic boron nitride (CBN), which are used for grinding hard materials such as hardened steel and cast iron.
Metalworking, Woodworking, Ceramics in the Global Grinding Abrasive Disc Market:
The Global Grinding Abrasive Disc Market finds its applications in various areas such as Metalworking, Woodworking, and Ceramics. In Metalworking, these discs are used for grinding, cutting, and polishing metal surfaces. They help in removing excess material from the workpiece, thus giving it the desired shape and finish. In Woodworking, grinding discs are used for sanding and finishing wooden surfaces. They help in removing rough edges and smoothing the surface of the wood. In the Ceramics industry, these discs are used for grinding and polishing ceramic materials. They help in giving the ceramic products a smooth and shiny finish. The versatility of these discs makes them an essential tool in these industries.
Global Grinding Abrasive Disc Market Outlook:
Looking at the market outlook, the Global Grinding Abrasive Disc Market was valued at a significant US$ 2356.8 million in 2023. The market is expected to witness substantial growth, with projections estimating it to reach a value of US$ 3523.6 million by 2030. This indicates a compound annual growth rate (CAGR) of 6.0% during the forecast period from 2024 to 2030. This growth can be attributed to the increasing demand for grinding abrasive discs in various industries, coupled with technological advancements that have led to the development of more efficient and durable discs.
| Report Metric | Details |
| Report Name | Grinding Abrasive Disc Market |
| Accounted market size in 2023 | US$ 2356.8 million |
| Forecasted market size in 2030 | US$ 3523.6 million |
| CAGR | 6.0% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Saint-Gobain, Tyrolit, Pferd, 3M, Rhodius, KLINGSPOR, SWATY COMET, Bosch, Hermes Schleifmittel, Noritake, CGW, DRONCO, FUJI Grinding Wheel, Abmast, MABTOOLS, Abracs, METABO |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
