Global Mounted Points Market Size By Type (Aluminum Oxide, Ceramic, Silicon Carbide, Zirconia), By Application (Automotive, Metaling), By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Mounted Points Market Size And Forecast

Mounted Points Market size was valued at USD 367.62 Million in 2022 and is projected to reach USD 511.20 Million by 2030, growing at a CAGR of 4.28% from 2024 to 2030.

Hey, things are looking up for the mounted points market! Thanks to cool new tech, specific industry needs, and the push for super accurate machining, we're expecting some growth. Think about itsmarter abrasive materials being developed with better durability and heat resistance mean our tools last longer and work better. Plus, getting these mounted points working with automated and robotic systems? That's a big opportunity to really nail down consistent and efficient material removal. If manufacturers and suppliers jump on these trends, they can really be leaders in this changing landscape. If you want the full picture, check out the Global Mounted Points Market report. It breaks down all the important stuff, like key segments, trends, what's driving things, what's holding them back, who's competing, and everything else that matters. It's a comprehensive look!

Global Mounted Points Market Definition

Think of Mounted Points as tiny, super precise grinders that team up with your die grinders or drills. They're not all the same, though! You'll find differences in the abrasive grain they use (like Silicon carbide or Aluminium oxide) and how coarse that grain is. Basically, they're miniature bonded abrasive wheels – think balls, cones, or bullets – all ready to get to work. Now, when choosing one, keep in mind the shank diameter, how fast it can spin (rotary speed), and its size (outer diameter). The "glue" holding those abrasive grains together (the bonding material) can be vitrified (glass-like), resin, rubber, or even metal, and that affects how hard, tough, and sharp the tool is. They easily attach to your tool thanks to a spindle or shank, giving you awesome control for removing material just where you need to. You'll find these little guys in tons of industries, from automotive to aerospace, doing everything from heavy grinding to smoothing things out perfectly. They come in all sorts of varieties with different grain types, grit sizes, bond harnesses and shapes.

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Global Mounted Points Market Overview

Hey, did you know that the need for super-accurate machining tools is on the rise globally? It's happening in lots of different industries! And with emerging economies booming, things like mounted points are getting more popular, too. Think about the automotive world – they use these mounted points a lot for grinding, deburring, and shaping everything from brake parts to engine bits and pieces. As car makers try to be more efficient and precise, they need mounted points to get that perfect finish and shape. Now, let's talk aerospace. This is a huge international growth market! Since it's all about safety and innovation, there's no room for error. In aerospace, where precision is everything, you'll find mounted points used for things like smoothing turbine blades and prepping surfaces for bonding, for example, on the International Space Station. Because of the growth in commercial flights, defense projects, and even space exploration, the demand for mounted points just keeps going up!

There is a rising demand for mounted points for medical applications across the globe. The healthcare industry requires precise and accurately manufactured medical devices and instruments. In healthcare, the quality of medical devices is paramount due to patient safety. Mounted points enable manufacturers to achieve the required level of precision and surface finish, ensuring that medical devices meet strict quality standards and pose minimal risk to patients. Therefore, the demand for mounted points in the medical devices sector is offering various potential opportunities for mounted point manufacturers over the forecast period.

Okay, so, you know how the price of stuff we make – like mounted points – can bounce around? That's often because the cost of the raw materials we use to make them goes up and down. I'm talking about things like abrasive grains and the binding agents that hold them together. If suddenly everyone wants a certain type of grain, guess what? Its price jumps! We've seen a lot of this lately – how changes in what's available and what people want have really messed with prices. Think about making aluminum oxide, for example. The stuff you need, like bauxite and alumina, can get expensive if there's a shortage or huge demand. And things like political problems or even natural disasters can throw a wrench into the works. It makes it tough for us to keep prices steady and keep everything running smoothly down the supply chain.

Global Mounted Points MarketSegmentation Analysis

The Global Mounted Points Market is segmented on the basis of Type, Application, And Geography.

Mounted Points Market, By Type

  • Aluminum Oxide
  • Ceramic
  • Silicon Carbide
  • Zirconia
  • Others

When we look at the Type of materials used, the market breaks down into categories like Aluminum Oxide, Ceramic, Silicon Carbide, Zirconia, and a few Others. In 2022, Aluminum Oxide really took the lead, grabbing the biggest slice of the market pie. You see, Aluminum oxide mounted points are super handy and adaptable – perfect whether you're tackling tiny projects or cranking out a ton of high-speed cutting, grinding, and finishing work. Think of Aluminum oxide, and you might picture it in non-slip coatings, sandpaper, or even ceramics. But it's also a go-to for abrasives! All these qualities make Aluminum oxide an ideal material for those mounting points. Plus, because Aluminum oxide works so well in different grinding processes – from dry to wet, material removal to roughing – it's a real winner for making those mounting points in the first place.

Mounted Points Market, By Application

  • Automotive
  • Metalworking
  • Construction
  • Electronics
  • Aerospace
  • Others

The market for mounted points is divided up by Application into areas like Automotive, Metalworking, Construction, Electronics, Aerospace, and a catch-all "Others." In 2022, the metalworking segment was the biggest piece of the pie. Think about itthe metalworking industry takes raw metals and turns them into everything from sheets and wires to plates! The goal? To create things like spare parts, auto parts, radio receivers, and even simple nuts. And these finished products end up in all sorts of places – water, gas, heating, the automotive industry, even the aeronautical industry, and more. Because parts are ground and polished during metalworking, there's a huge need for mounted points. Plus, with steel-based products becoming more and more popular in industries like fabrication and even in our homes, the metalworking industry is only going to keep growing!

Mounted Points Market, By Geography

  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • Middle East and Africa

Okay, so let's talk about where the Mounted Points market is booming around the world! When we look at it by region, we're talking North America, Europe, Asia Pacific, Latin America, and of course, the Middle East & Africa. But Asia Pacific? That's where it's really happening – they grabbed the biggest slice of the pie back in 2022. And it makes sense, right? It's a HUGE region, home to over 4 billion people, including giants like China and India. Plus, over the last decade, we've seen folks there with more money to spend, a growing middle class, and lots more vehicles being made. Think about itIndia and China use tons of these mounted points in their car industries, and those industries are just getting bigger! All this growth in making cars and other stuff in Asia Pacific? That's gonna mean a massive demand for mounted points worldwide!

Key Players

The “Global Mounted Points Market” study report will provide valuable insight with an emphasis on the global market. The Global Mounted Points Market is highly fragmented with the presence of a few well-established players and several medium players. Some of the major companies include 3M, Norton Abrasives, PFERD, United Abrasives, Grier Abrasive Co. Inc., Walter Surface Technologies, Klingspor Abrasives, AA Abrasives, Sical Abrasives and BORIDE Engineered Abrasives among others. 

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2019-2030

BASE YEAR

2022

FORECAST PERIOD

2024-2030

HISTORICAL PERIOD

2019-2021

UNIT

Value (USD Million)

KEY COMPANIES PROFILED

3M, Norton Abrasives, PFERD, United Abrasives, Grier Abrasive Co. Inc., Walter Surface Technologies, Klingspor Abrasives, AA Abrasives, Sical Abrasives, and BORIDE Engineered Abrasives. 

SEGMENTS COVERED

• By Type
• By Application
• By Geography

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