Market Snapshot:
Resin wheel is resin and filler made grinding wheel used in fine finishing of surface area and various abrasive machining processes. Such wheels are available in various cross section and are made by pressing the combined coarse particles together. Resin wheels are designed to offer precise finish and cutting speed. Growing industrialization and emergence of industry 4.0 are expected to fuel the very market during forecasted period.
Segment Analysis
AMA Research have segmented the market of Global Resin Wheel market by Type, Application and Region.
On the basis of geography, the market of Resin Wheel 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).
Market Trend
Focus on Producing Resin Wheel with Longer Shelf-Life, Performing Grinding Solution of Parts in Single Clamping and Introduction of Automation in Changing the grinding Wheel
Market Drivers
Growing Use of Resin Wheel in Metal Working Process and Rising Industrialization and Manufacturing Units
Opportunities
Growing Manufacturing Industries in Emerging Countries and Advancement in Metal Cutting Technologies
Restraints
- Growing Raw Material Cost
- Increasing Dominance of Other Metal Working Processes
In addition to the aforementioned factor, Growing Use of Resin Wheel in Metal Working Process
is expected to propel the growth of the market over the forecast period.
The key Manufacturers profiled in the study are Saint Gobain (France), 3M (United States), Kuretoishi (Japan), Camel Grinding Wheels Discs and Abrasives (United States), Tyrolit Group (Austria), SHIN-EI Grinding Wheels (Japan) and DSA Products (United States). A lot of United States players are profiled in the research study indicating a strong market dependence.