North America Resin Bonded Abrasives Market Research Report Forecast to 2030

Description

North America Resin Bonded Abrasives Market Research Report Forecast to 2030

Market Overview

North America resin bonded abrasives market was valued at USD 513.36 million in 2020 and is expected to register a CAGR of 5.07% to reach USD 827.53 million by the end of 2030.

In terms of volume, the market was pegged at 505.31 thousand tons in 2020, and the demand is projected to reach 669.58 thousand tons by the end of 2030. The North America resin bonded abrasives market is expected to register a CAGR of 5.07% during the review period.

The enormous demand from the construction and automotive industries for a wide range of applications is primarily responsible for the growth of the resin bonded market in North America. However, market growth is likely to be hampered by factors such as fluctuating raw material prices and technological complexity.

Nonetheless, rising metal fabrication demand and accelerating metal fabrication growth in North America are expected to provide a lucrative opportunity for the North America resin bonded market.

Bonded abrasives are abrasives grains and fillers bonded together through bonding materials such as vitreous, resin, rubber, shellac, epoxy, magnesite, and others. Numerous improvements in tools and machinery processes have been made with the help of new abrasive grains and bond advancements to increase the performance of bonded abrasive products.

The prime role is played by the bonding agent that holds the structural abrasives in a specific array giving uniqueness to every bonded adhesive. The bond offers high-strength and thermal resistance for grinding and cutting, or it can be weak and thermal sensitive for polishing. Each product is made to serve a specific purpose, such as giving a precise finish, cutting, rough grinding, stock removal, and others.

Market Segmentation

North America Resin Bonded Abrasives market has been segmented by type, application, end-use industry, and country. Based on type, the market has been segmented into common resin-bonded abrasive discs, super hard resin-bonded abrasive discs, cup-shaped wheels, and others.

Based on application, the market has been segmented into precision grinding, cutting, rough grinding, fabrication, polishing, and others. The precision grinding segment accounted for a 31.55% share of the North America Resin Bonded Abrasives market in 2020 due to the increased utilization of the product for polishing in the construction industry.

Based on the end-use industry, the market has been segmented into automotive, construction, welding, aerospace, general metalworking, and others. Among these, the construction segment accounted for the largest share of 32.59% in the North America resin bonded abrasives market and is anticipated to grow at a rate of 5.70% throughout the forecast period.

Major Players

3M (US), Dewalt (US), Flexovit (US), ARC Abrasives, Inc (US), Camel Grinding Wheels (Israel), Eastwind Diamond Abrasives (US), Extreme Abrasives (US), Bullard Abrasives (US), United Abrasives (US), Norton Abrasives (US), and Anchor Abrasives (US) are the key players operating in the North America resin bonded abrasives market.

COVID 19 Impacts

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY
1.1 NORTH AMERICA RESIN BONDED ABRASIVES MARKET, BY TYPE
1.2 NORTH AMERICA RESIN BONDED ABRASIVES MARKET, BY APPLICATION
1.3 NORTH AMERICA RESIN BONDED ABRASIVES MARKET, BY END-USE INDUSTRY

2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE

3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
3.6 LIST OF ASSUMPTIONS

4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 SURGE IN DEMAND FROM THE AUTOMOTIVE INDUSTRY
4.2.2 GROWTH OF THE CONSTRUCTION INDUSTRY
4.2.3 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINTS
4.3.1 FLUCTUATING RAW MATERIAL PRICES
4.3.2 RESTRAINTS IMPACT ANALYSIS
4.4 OPPORTUNITIES
4.4.1 RISING DEMAND FROM THE METAL FABRICATION INDUSTRY
4.5 CHALLENGE
4.5.1 TECHNOLOGICAL COMPLEXITY

5 MARKET FACTOR ANALYSIS
5.1 SUPPLY CHAIN ANALYSIS
5.1.1 RAW MATERIAL SUPPLIERS
5.1.2 RESIN BONDED ABRASIVES PRODUCERS
5.1.3 DISTRIBUTION & SALES CHANNEL
5.1.4 APPLICATION
5.2 PORTER’S FIVE FORCES ANALYSIS
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 BARGAINING POWER OF SUPPLIERS
5.2.3 THREAT OF SUBSTITUTES
5.2.4 BARGAINING POWER OF BUYERS
5.2.5 INTENSITY OF RIVALRY
5.3 IMPACT OF COVID 19 OUTBREAK ON NORTH AMERICA RESIN BONDED ABRASIVES MARKET
5.3.1 OVERVIEW
5.3.2 QUALITATIVE ANALYSIS ON CHANGES IN SUPPLY CHAIN
5.3.3 QUALITATIVE ANALYSIS ON CHANGE IN DEMAND FOR RESIN BONDED ABRASIVES INDUSTRY DUE TO COVID-19

6 NORTH AMERICA RESIN BONDED ABRASIVES MARKET, BY TYPE
6.1 OVERVIEW
6.1.1 RESIN BONDED ABRASIVES: MARKET ESTIMATES & FORECAST BY TYPE, 2019–2030
6.1.2 RESIN BONDED ABRASIVES: MARKET ESTIMATES & FORECAST BY TYPE, 2019–2030

7 NORTH AMERICA RESIN BONDED ABRASIVES MARKET, BY APPLICATION
7.1 OVERVIEW
7.1.1 RESIN BONDED ABRASIVES: MARKET ESTIMATES & FORECAST BY APPLICATION, 2019–2030
7.1.2 RESIN BONDED ABRASIVES: MARKET ESTIMATES & FORECAST BY APPLICATION, 2019–2030

8 NORTH AMERICA RESIN BONDED ABRASIVES MARKET, BY END-USE INDUSTRY
8.1 OVERVIEW
8.1.1 RESIN BONDED ABRASIVES: MARKET ESTIMATES & FORECAST BY END-USE INDUSTRY, 2019–2030
8.1.2 RESIN BONDED ABRASIVES: MARKET ESTIMATES & FORECAST BY END-USE INDUSTRY, 2019–2030

9 NORTH AMERICA RESIN BONDED ABRASIVES MARKET, BY COUNTRY
9.1 OVERVIEW
9.2 US
9.3 CANADA

10 COMPETITIVE LANDSCAPE
10.1 INTRODUCTION
10.2 MARKET STRATEGY ANALYSIS
10.3 KEY DEVELOPMENTS & GROWTH STRATEGIES
10.4 COMPETITIVE BENCHMARKING

11 COMPANY PROFILES
11.1 3M
11.1.1 COMPANY OVERVIEW
11.1.2 FINANCIAL OVERVIEW
11.1.3 PRODUCTS OFFERED
11.1.4 KEY DEVELOPMENTS
11.1.5 SWOT ANALYSIS
11.1.6 KEY STRATEGIES
11.2 DEWALT
11.2.1 COMPANY OVERVIEW
11.2.2 FINANCIAL OVERVIEW
11.2.3 PRODUCTS OFFERED
11.2.4 KEY DEVELOPMENTS
11.2.5 SWOT ANALYSIS
11.2.6 KEY STRATEGIES
11.3 FLEXOVIT
11.3.1 COMPANY OVERVIEW
11.3.2 FINANCIAL OVERVIEW
11.3.3 PRODUCTS OFFERED
11.3.4 KEY DEVELOPMENTS
11.3.5 SWOT ANALYSIS
11.3.6 KEY STRATEGIES
11.4 ARC ABRASIVES, INC.
11.4.1 COMPANY OVERVIEW
11.4.2 FINANCIAL OVERVIEW
11.4.3 PRODUCTS OFFERED
11.4.4 KEY DEVELOPMENTS
11.4.5 SWOT ANALYSIS
11.4.6 KEY STRATEGIES
11.5 CAMEL GRINDING WHEELS WORKS SARID LTD
11.5.1 COMPANY OVERVIEW
11.5.2 FINANCIAL OVERVIEW
11.5.3 PRODUCTS OFFERED
11.5.4 KEY DEVELOPMENTS
11.5.5 SWOT ANALYSIS
11.5.6 KEY STRATEGIES
11.6 EXTREME ABRASIVES
11.6.1 COMPANY OVERVIEW
11.6.2 FINANCIAL OVERVIEW
11.6.3 PRODUCTS OFFERED
11.6.4 KEY DEVELOPMENTS
11.6.5 SWOT ANALYSIS
11.6.6 KEY STRATEGIES
11.7 EASTWIND DIAMOND ABRASIVES
11.7.1 COMPANY OVERVIEW
11.7.2 FINANCIAL OVERVIEW
11.7.3 PRODUCTS OFFERED
11.7.4 KEY DEVELOPMENTS
11.7.5 SWOT ANALYSIS
11.7.6 KEY STRATEGIES
11.8 UNITED ABRASIVES
11.8.1 COMPANY OVERVIEW
11.8.2 FINANCIAL OVERVIEW
11.8.3 PRODUCTS OFFERED
11.8.4 KEY DEVELOPMENTS
11.8.5 SWOT ANALYSIS
11.8.6 KEY STRATEGIES
11.9 BULLARD ABRASIVES
11.9.1 COMPANY OVERVIEW
11.9.2 FINANCIAL OVERVIEW
11.9.3 PRODUCTS OFFERED
11.9.4 KEY DEVELOPMENTS
11.9.5 SWOT ANALYSIS
11.9.6 KEY STRATEGIES
11.10 NORTON ABRASIVES
11.10.1 COMPANY OVERVIEW
11.10.2 FINANCIAL OVERVIEW
11.10.3 PRODUCTS OFFERED
11.10.4 KEY DEVELOPMENTS
11.10.5 SWOT ANALYSIS
11.10.6 KEY STRATEGIES
11.11 ANCHOR ABRASIVES
11.11.1 COMPANY OVERVIEW
11.11.2 FINANCIAL OVERVIEW
11.11.3 PRODUCTS OFFERED
11.11.4 KEY DEVELOPMENTS
11.11.5 SWOT ANALYSIS
11.11.6 KEY STRATEGIES

12 APPENDIX
12.1 REFERENCES
12.2 RELATED REPORTS