Rubber Bonded Abrasives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
Bonded abrasives are an amalgamation of bonding materials, fillers, and abrasive grains. The bonding agent can be a special material referred to as plastic, magnesite, epoxy, shellac, rubber, and resin. In the past few years, different developments have taken place in the bonded abrasives industry in terms of enhancing the performance of the bonded abrasives used for bond developments.
Rubber is one of the most widely used bonded abrasives in the global rubber bonded abrasives market and has application in several industries such as electrical and electronics and transportation. The core properties of rubber bonded abrasives such as feasible nature, long life, extreme use range, uniformity, toughness, hardness, and low transfer of heat are expected to bode well for the growth of the global market in the years ahead.
Rubber bonded abrasives are widely used in the automobile industry owing to its need in designing and polishing vehicles. They are actively employed in the medical sector as well for sharpening tools and smoothening their edges. The global rubber bonded abrasives market is expected to be driven by the growing demand from the industry of precious metals and flexibility in terms of operations. Vendors can also expected growth prospects from the rising demand from high speed applications. However, the growth of the market might be restricted due to constraints related to machine parameters, shifting base of pollution causing producers, and rising use of alternate superior quality bonded abrasives.
In comparison to other types of bonded abrasives, the soft nature of rubber bonded abrasives makes them ideal for floor polishing, off-hand tool grinding, fabrication, and precision grinding applications as they do not hamper the quality of metals. Owing to this factor, the demand has increased for rubber bonded abrasives from various industries such as steel, transportation, metal, electronic and electrical, medical, and other heavy industries.
The rubber bonded abrasive market can be broadly classified on the basis of application into heavy industries, medical equipment, electrical and electronic equipment, transportation components, and other applications (household, aerospace, and printing). Based on type, the market can be segmented into synthetic and natural.
The report provides an in-depth analysis of market segments and the competitive landscape. The report also profiles major players in the global rubber bonded abrasives market based on various attributes such as company overview, SWOT analysis, product portfolio, financial overview, business strategies, and recent developments.
Heavy industries account for the leading share in the rubber bonded abrasives market based on application. Metal and steel industries are growing in large numbers and they demand rubber bonded abrasives, thereby increasing their application. In addition, grinding and cutting tools such as plumbing tools, screwdrivers, and other specialty tools from heavy industries require rubber bonded abrasives, in turn augmenting the growth. The usage of rubber bonded abrasives can be found in the steel industry as well. During the grinding and extracting processes of different kinds of steel rolls, they are used for removing defects or scales from the surface of slabs.
However, being heavier than other bonded abrasives, rubber bonded abrasives can lead to machine constraints. Also, the production of rubber bonded abrasives adds to environmental pollution, limiting the growth of the global rubber bonded abrasives market.
On the basis of geography, the global rubber bonded abrasives market can be segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Due to urbanization, increased investment in heavy and steel industries, and government initiatives, Asia Pacific accounted for the maximum share in the rubber bonded abrasives market in 2015. It is expected to grow at a strong pace through 2026.
Two of the most populated countries of Asia Pacific – China and India – are projected to lead the rubber bonded abrasives market in the said period. Currently, China is the leading market for rubber bonded abrasives, whereas India is expected to register rapid growth. Increasing demand for rubber bonded abrasives from maintenance and cleaning, metal, construction, aerospace, medical, auto ancillaries, food packaging, and heavy industries for cutting and grinding of tools such as plumbing tools, screwdrivers, and other specialty tools is anticipated to drive the rubber bonded abrasives market in these countries. Japan and South Korea are other countries in the region that are contributing to the growth of the rubber bonded abrasives market due to their expanding transportation and electrical and electronic goods industries.
The prominent players in the global rubber bonded abrasives market include Atto Abrasive Ltd, Artifex Dr Lohmann Gmbh & Co KG, Y.IKEMURA Co. LTD., Saint Gobain, Marrose Abrasives, Cratex Manufacturing Co., PFERD INC, Abrasivos Manhattan SA, Buehler, Schwarzhaupt GmbH & Co., Buffalo Abrasives Inc., Lowton Abrasive Ltd, Tyrolit Group, 3M Company, and PACER Industries Inc.
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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