About Abrasive Belts
Abrasive belts are used in sanding, grinding, deburring, blending, finishing and polishing and other applications. Abrasive belts are capable of processing all types of engineering materials. Elastic and high efficiency cold cutting abrasive belts have been broadly used in large flat thick and thin sheet materials, metal and non-metal workpieces forming grinding and polishing, metal tube cylindrical grinding and internal grinding.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Abrasive Belts market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
3M (United States), Saint-Gobain (France), Pferd Inc. (United States), PFE Technologies Pte Ltd (Singapore), Klingspor (United States), Norton (United States), VSM Abrasives Ltd. (United Kingdom), Karbosan (Turkey), ATA Group (Ireland) and Bohle AG (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Camel Grinding Wheels (United States) and CS UNITEC Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Abrasive Belts market by Type (File Belts, Back-Stand Belts, Portable Belts, Bench-Stand Belts and Others), Application (Sanding, Grinding, Deburring, Blending, Finishing, Polishing and Others) and Region.
On the basis of geography, the market of Abrasive Belts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Verticals, the sub-segment i.e. Automotive will boost the Abrasive Belts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Abrasive Belt Material, the sub-segment i.e. Aluminum Oxide will boost the Abrasive Belts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The global developing trend of abrasive belts is fast. The expansion of electrostatic abrasive grain providing and coated abrasives technologies have helped industries developed countries, such as some European countries, America, and Japan, made huge achievements. Industrial developed countries in Europe and America has a great importance to the R&D and application of grinding techniques. The application fields of abrasive belt are expanding as the working life has been improved.
Market Growth Drivers:
Rising Demand for Machining Precision and Surface Roughness and Increasing Demand for Advanced Grinding Techniques and Abrasives Products
Challenges:
High Competition among the Players and Storage and Handling of Abrasive Belt
Opportunities:
Increasing Demand of Abrasive Belts Cleaners for Heavy-Duty Applications and Rising Demand for Mining Applications
Market Leaders and their expansionary development strategies
In September 2020, RPM International Inc. acquired Ali Industries, Inc. a leading manufacturer of sandpaper and other products, through its Rust-Oleum business. With this acquisition, RPM International aims at broadening its Consumer Group segment’s surface preparation capability through the addition of abrasives to the company’s lineup of repair, cleaning, and patch products.
In March 2020, Carborundum Universal Ltd. invested a sum of ₹48 crores (~USD 6.60 million) to double its installed capacity of coated abrasives to cater to the growing demand from the domestic and international markets.
Key Target Audience
Manufacturers of Abrasive Belts, Suppliers of Abrasive Belts, Wholesalers, Distributors and Retailers of Abrasive Belts, Electronic Industry, Automotive Industry, Mining Industry and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.