The Global Grinding Wheel Market is likely to ascend at a CAGR of 4% over the forecast period (2021-2027)
LONDON, UNITED KINGDOM, November 10, 2021 /EINPresswire.com/ — The Global Grinding Wheel Market is likely to ascend at a CAGR of 4% over the forecast period (2021-2027) according to QuantAlign Research. The growth of the grinding wheel market is primarily attributed to high demand from the metalworking industry. Moreover, increasing demand for Specialty grinding wheels is also projected to drive the growth of the market during 2021-2027. However, the emergence of alternative grinding methods may hamper the market growth to some extent.
Grinding wheels are used to shape other materials, and are made by bonding together abrasive minerals in the form of a wheel. The abrasive material may be natural or synthetic, hardest or softest depending upon its use. The most common material used in the grinding wheels is aluminum oxide. Super-Abrasives like diamond and cubic boron nitride are also used as abrasive agents in the grinding wheel.
The report examines and provides an extensive overview of the global grinding wheels market. The report identifies key industry trends, and covers grinding wheels market landscape. The report builds a short- and long-term forecast model covering the period between 2017 to 2027. The grinding wheel report provides market outlook, revenue, sales, market trends, opportunities for growth in the market, strategic decisions by the key market players, and market shares among other details. The report also covers the impact of COVID-19 pandemic on the grinding wheel market.
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The Asia-Pacific grinding wheels market is projected to grow at the high rate owing to increasing industrial and construction activities in the region. The Europe and North America market will witness increasing demand for Specialty grinding wheels during the forecast period. Geographically, the report has segmented the global market into North America, Europe, Asia-Pacific, Central & South America, and Middle East & Africa.
Key players operating in the market include: 3M Corporation, Saint-Gobain, KLINGSPOR Abrasives, ATLANTIC GMBH, Carborundum Universal Ltd, DEERFOS Co. Ltd., Robert Bosch, TYROLIT Group, Mirka Ltd., Hindustan Abrasives, NORITAKE CO.,LIMITED, Weiler Abrasives, August Rüggeberg among others. The report provides business overviewa, product and service offerings, financial overview, strategic developments related to mazor market players in the Global grinding wheel market.
Key questions Answered in the report:
• What is the current total market consumption, and projected CAGR for the global grinding wheel market from 2021 to 2027?
• Who are the major players in the global grinding wheel market?
• What shares do the major regional markets occupy?
• On what basis is the market segmented?
• How has the global market for grinding wheel performed, and what are its key drivers?
• What would be influence of the emerging trends in global grinding wheel industry?
• What is the degree of competition in the global grinding wheel market?
• What are the key strategies adopted by the players operating in the global grinding wheel market?
• What has been the impact of COVID-19 on the entire supply chain of global grinding wheel market?
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Source: EIN Presswire