DUBLIN, Oct. 04, 2017 /PRNewswire/ --
The "Global Grinding Wheel Market 2017-2021" report has been added to Research and Markets' offering.
The report forecasts the global grinding wheel market to grow at a CAGR of 5.02% during the period 2017-2021.
The report, Global Grinding Wheel Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is the growing popularity of centerless grinders leads to new abrasive developments. Centerless grinders are primarily designed for workpieces that have a diameter of less than 150 mm. They can be equipped with both conventional and cubic boron nitride (CBN) grinding wheels. The dual support high-speed spindle enables shorter cycle times and longer dress intervals.
According to the report, one of the major drivers for this market is the constant demand from oil and gas industries. Grinding wheels are used in various applications, such as the manufacture, maintenance, and repair of upstream, midstream, and downstream components in the production of oil and gas, in oil and gas industries. The upstream oil and gas industry is highly dependent on global crude oil prices. The recent slump in crude oil prices, which started in mid-2014, severely affected the industry. However, crude oil prices have now increased and are stabilizing in the $50-60/bbl. range.
Further, the report states that one of the major factors hindering the growth of this market is the challenges in grinding operations. The process of abrasive grinding involves the removal of metal through abrasion, which results in the production of heat. Hence, it is mandatory to study the effects of heat during the grinding process to have an idea of the thermal effects involved. These effects can be as follows: effect on the grinding wheel and effect on the work piece.
Other prominent vendors
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Type
Part 07: Geographical Segmentation
Part 08: Decision Framework
Part 09: Drivers And Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
Part 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/wmdc35/global_grinding
Laura Wood, Senior Manager
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SOURCE Research and Markets
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