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Rubber Bonded Abrasives Market by Application, and Region - Global Forecast to 2026

Rubber Bonded Abrasives Market: Global Forecast until 2026

  • January 2017
  • 122 pages
  • ID: 4626497
In this report:
South America is the second fastest growing region and the demand for rubber bonded abrasives is projected to reach ##.## kiloton by 2021 at a CAGR of ##.##% between 2016 and 2021.
The demand for rubber bonded abrasives for transportation components was estimated at ##.## kilotons and is estimated to register a CAGR of ##.##% between 2016 and 2021 to reach ##.## kilotons by 2021.

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"The rubber bonded abrasives market is intended to grow at a compound annual growth rate (CAGR) of 3.1% during the forecast horizon"

The rubber bonded abrasives market is estimated to grow ~$1.5B by 2026, at a compound annual growth rate (CAGR) of 3.10 percent from 2016 to 2026. Rubber bonded abrasives are used in floor polishing, fabrication, off-hand tool grinding, and precision grinding applications, as they do not hamper the quality of metals and are softer as compared to other types of bonded abrasives. This has increased the market demand for rubber bonded abrasives from different industries including metal, steel, transportation, electrical & electronic, medical, and other heavy markets. Rubber bonded abrasives are heavier than other bonded abrasives. This leads to machine constraints and production of rubber bonded abrasives cause environmental pollution. These are the restraints for the increase ot the rubber bonded abrasives market.

"Established on application, the heavy industries segment is anticipated to lead the rubber bonded abrasives market during the estimate period"

Rubber bonded abrasives find their biggest application in heavy sectors. Their application is increasing due to the growing demand for rubber bonded abrasives from metal and steel industries. Use of rubber bonded abrasives for cutting and grinding tools including screwdrivers, plumbing tools, and other specialty tools has grown its demand from heavy markets. Additionally, rubber bonded abrasives are used in the steel industry for removing scale or defects from the surface of slabs and in grinding processes for distinct kinds of rolls.

"Asia-Pac to lead the rubber bonded abrasives market during the outlook period"

Asia Pacific (APAC) is estimated to result the rubber bonded abrasives market during the estimate period. This can be connected to high demand for rubber bonded abrasives from countries including China (CN), Japan (JP), South Korea (KR), and India (IN). China (CN) is estimated to result the Asia-Pacific rubber bonded abrasives market, succeeded by Japan (JP), South Korea (KR), and India (IN). This sector in India (IN) is forecasted to grow at the maximal rate during the outlook period. Rise of metal, steel, transportation, electrical & electronic, medical, and other heavy sectors has rised the industry demand for rubber bonded abrasives in the territory.

Extensive primary audit sessions were conducted to determine and verify market sizes of different segments and sub-segments, and info collected by secondary research.

Break-up of primary interviews is presented below:

- By Company Type - Tier 1 - 37.0 percent, Tier 2 - 47.0 percent, and 1/3 3 - 16.0 percent

- By Description - C-suite - 46.0 percent, Grade of manager - 36.0 percent, and Others - 18.0 percent

- By area - North america (NA) - 26.0 percent, Europe - 30.0 percent, Asia-Pacific - 22.0 percent, Middle East & Africa - 9.0 percent and South America - 13.0 percent

The firms decribed in this research report are 3M Company (NYSE:MMM), Tyrolit group, PFERD INC, Y.IKEMURA Co. LTD., Abrasivos Manhattan SA, PACER Industries Inc., Buffalo Abrasives Inc., Schwarzhaupt GmbH & Co., Saint Gobain, Cratex Manufacturing Co., Marrose Abrasives, Atto Abrasive Ltd, Lowton Abrasive Ltd, Buehler, and Artifex Dr Lohmann Gmbh & Co KG.

Segment Research

This market research classifies the rubber bonded abrasives market based on application and area. The study includes exhaustive information concerning the main factors influencing the increase of the rubber bonded abrasives market including drivers, industry restraints, opportunities, and possibilities. An in-depth study of main industry actors has been done to furnish industry insights into business overviews, products & services, top strategies, recent product launches, analysis & development, mergers & acquisitions, alliances, and recent evolutions combined with the industry.

REASONS TO BUY THE REPORT

The analysis will facilitate industry top players/new sector entrants in these ways:

1. This document breaks down the rubber bonded abrasives market comprehensively and offers close approximations of market sizes for the global market and sub-segments across verticals and localities.

2. The market research will facilitate partners distinguish the pulse of the sector and offer them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate partners comprehend main competitors and obtain business insights to improve their rank in the sector.

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