North America Resin Bonded Abrasives Market 2023

North America Resin Bonded Abrasives Market 2023

Resin bonded abrasives are made by combining abrasive grains, such as aluminum oxide, silicon carbide, or diamond, with a resin binder. The binder holds the abrasive grains together, forming a solid abrasive tool or product. The resin binder can be made from various materials, including phenolic resin, epoxy resin, or polyimide resin. The demand for resin bonded abrasives is closely tied to industrial growth and manufacturing activities. Industries such as automotive, aerospace, metal fabrication, construction, and electronics rely on resin bonded abrasives for various applications, including grinding, cutting, and polishing of metal, stone, and other materials.

The resin bonded abrasives market in North America is projected to rise by USD 213.0 million by 2029, according to the latest market study results. It is anticipated to expand at a CAGR of 4.97 percent during the forecast period.

The report covers market size and growth, segmentation, country breakdowns, competitive landscape, trends and strategies for resin bonded abrasives market in North America. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Market Segmentation
Type: common resin bonded abrasive discs, super hard resin bonded abrasive discs, cup-shaped wheels, others
Application: precision grinding, cutting, rough grinding, fabrication, polishing, others
End user: automotive, construction, welding, aerospace, general metalworking, others
Country: USA, Canada, Mexico

This industry report offers market estimates and forecasts of the North America market, followed by a detailed analysis of the type, application, end user, and country. The North America market for resin bonded abrasives can be segmented by type: common resin bonded abrasive discs, super hard resin bonded abrasive discs, cup-shaped wheels, others. In 2022, the common resin bonded abrasive discs segment made up the largest share of revenue generated by the resin bonded abrasives market. Resin bonded abrasives market is further segmented by application: precision grinding, cutting, rough grinding, fabrication, polishing, others. The precision grinding segment was the largest contributor to the North America resin bonded abrasives market in 2022. Based on end user, the resin bonded abrasives market is segmented into: automotive, construction, welding, aerospace, general metalworking, others. The construction segment is estimated to account for the largest share of the resin bonded abrasives market in North America. On the basis of country, the resin bonded abrasives market also can be divided into: USA, Canada, Mexico. USA held the largest share of the North America resin bonded abrasives market in 2022 and is anticipated to hold its share during the forecast period.

Major Companies and Competitive Landscape
The report explores the recent developments and profiles of key vendors in the Resin Bonded Abrasives Market in North America, including 3M Company, Stanley Black & Decker, Inc., Compagnie de Saint-Gobain S.A., Anchor Abrasives Co, Flexovit International NV, ARC Abrasives, Inc., Camel Grinding Wheels Ltd., Eastwind Diamond Abrasives, Bullard Abrasives, Inc., United Abrasives, Inc., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

Scope of the Report
To analyze and forecast the market size of the resin bonded abrasives market in North America.
To classify and forecast the resin bonded abrasives market in North America based on type, application, end user, country.
To identify drivers and challenges for the resin bonded abrasives market in North America.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the resin bonded abrasives market in North America.
To identify and analyze the profile of leading players operating in the resin bonded abrasives market in North America.

Why Choose This Report
Gain a reliable outlook of the resin bonded abrasives market in North America forecasts from 2023 to 2029 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
Print authentication provided for the single-user license.