Market Insights
Rubber bonded abrasives market is likely to witness a modest CAGR of 4.2% during the forecast period. Rubber bonded abrasive is employed in heavy industries application for explicit requirements that vary from primary processing of metal to engineering of completed products. Rubber bonded abrasives are adopted in foundries where static points are applied and for overall accuracy in cutting and grinding of the enormously tiny particulars of apparatuses as they are extremely supple. Further, the steel manufacturing sector has extensive application of rubber bonded abrasives, largely for the determination of eliminating scale or imperfections from the exterior of slabs. Consequently, the rising heavy industries application drives the growth of the global rubber bonded abrasives market.
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Rubber Bonded Abrasives Market - Snapshot
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Growth
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4.2% for the next five years
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Major Application Type
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Heavy industries
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Region with the highest demand
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Asia-Pacific
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Key Players
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The 3M Company, Tyrolit Group, Pferd Inc., Y. Ikemura & Co. Ltd., Abrasivos Manhattan SA, Pacer Industries Inc., Buffalo Abrasives Inc., Schwarzhaupt GmbH & Co. Kg, Cratex Manufacturing Co., Atto Abrasives Ltd., and Lowton Abrasive Ltd.
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Segments' Analysis
Rubber Bonded Abrasives Market Share: By Application Type
Based on the application type, the market is segmented as heavy industries, transportation components, electrical & electronic equipment, medical equipment, and others. The heavy industries segment is considered to be the largest application segment. The growth is attributed to the fact that these abrasives are healthier for usage and offer suppleness throughout processes when equated to further bonded abrasives. Further, mounting steel engineering and foundries across the globe is driving the market.
Rubber Bonded Abrasives Market Share: By Region
In terms of regions, Asia-Pacific is estimated to burgeon at the highest growth in the rubber bonded abrasives market in the coming five years. Fast industrial development and upward applications, such as heavy industries, electrical & electronic equipment, and transportation equipment have ushered the rise in demand for rubber bonded abrasives in this region. China and India are the growth engines of the region. Majority of the manufacturing giants are directing on the evolving markets in region and augmenting their presence by establishing manufacturing conveniences, delivery centers, and R&D centers in this region, which in turn is driving the global market during the forecast period. North America and Europe are also expected to offer considerable growth opportunities in the coming five years.
Market Scope & Segmentation
Rubber Bonded Abrasives are commonly natural abrasive grains that formed into solid, commonly into a wheel-shaped form. In comparison to many other bonded abrasives, the rubber bonded abrasives are much harder and friable and also quite tough in nature. They are mostly used in applications of heavy duty nature such as cutting, grinding, sharpening, and others.
Rubber Bonded Abrasives are known to be much efficient than others due to their amazing features of toughness and others. Some of the important industries where these are used are heavy industries, electrical, transportation, medical equipment, and others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Rubber Bonded Abrasives Market Research Report - Features
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Market Segmentation
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2 ways
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Regions Covered
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4
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Countries/Sub-Regions Covered
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15
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No. of Figures or Tables
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>150
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Company Profiles
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10
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The rubber bonded abrasives market is segmented into the following categories.
Rubber Bonded Abrasives Market Size, Share, & Forecast, by Application Type:
- Heavy Industries (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Transportation Components (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Electrical & Electronic Equipment (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Medical Equipment (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Rubber Bonded Abrasives Market Size, Share, & Forecast, by Region:
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Market Segmentation
- Current market segmentation of any one of the application types.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
