Global Phenolic Resin Grinding Wheel Market Growth 2019-2024

Phenolic Resin Grinding Wheel is the grinding wheel in which the phenolic resin is used as the Binding agent. Phenolic Resin Grinding wheel is the bond (Phenolic Resin) will be ordinary abrasive consolidation into a certain shape (most of the circular, the central through hole), and has a certain strength of the bonded abrasive. It is generally composed of abrasive, bonding agent and porosity, these three parts are often referred to as the three elements of the bonded abrasive tools.
Figure Phenolic Resin Grinding Wheel product picture

In 2015, global Phenolic Resin Grinding Wheel total production reached 901939 Ton. China, North American and Europe were the major production regions. As the markets for Phenolic Resin Grinding Wheel mature, Phenolic Resin Grinding Wheel industry revenue growth is declining from 9.88 percent year over year in 2012 to 1.83 percent in 2015. And due to the China market is mature and the government policy, China market’s production is declining slowly.

In consumption market China and North America are still the mainly consumption regions. For the developing country, China to grow at a fast pace annually and may become the largest region in the future in terms of Phenolic Resin Grinding Wheel consumption. The price of Phenolic Resin Grinding Wheel is still declining.

According to this Phenolic Resin Grinding Wheel market research, there is a slowly rise in production capacities worldwide, especially in India and the Southeast Asian, where small organizations are spearheading the efforts to install new production capacities.

Finally, we tend to believe that this industry is now close to mature, and the consumption increasing degree will show a smooth curve. On product prices, the slow downward trend in recent years will maintain in future too, as competition intensifies, prices gap between different brands will go on narrowing. Similarly, there will be fluctuation in gross margin.


According to this study, over the next five years the Phenolic Resin Grinding Wheel market will register a -0.9% CAGR in terms of revenue, the global market size will reach US$ 5010 million by 2024, from US$ 5270 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Phenolic Resin Grinding Wheel business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Phenolic Resin Grinding Wheel market by product type, application, key manufacturers and key regions and countries.

This study considers the Phenolic Resin Grinding Wheel value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Al2O3 Phenolic Resin Grinding Wheel
SiC Phenolic Resin Grinding Wheel
MBD & CBN Phenolic Resin Grinding Wheel
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Metal
Stones
Steel
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Norton (Saint Gobain)
3M (US)
Kuretoishi (JP)
Camel grinding wheels discs and abrasives (US)
Tyrolit Group
SHIN-EI Grinding Wheels (JP)
DSA Products (US)
Andre Abrasive
DK Holdings (UK)
Elka (DE)
Thai GCI Resitop Co (TH)

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Phenolic Resin Grinding Wheel consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Phenolic Resin Grinding Wheel market by identifying its various subsegments.
Focuses on the key global Phenolic Resin Grinding Wheel manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Phenolic Resin Grinding Wheel with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Phenolic Resin Grinding Wheel submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.