Rubber Bonded Abrasives Market is Expected to Reach Worth 1.47 Billion USD by 2026

[130 Pages Report] The overall rubber bonded abrasive market is expected to grow from USD 1.09 million in 2016 to USD 1.47 million by 2026, at a CAGR of 3.1% from 2016 to 2021. Rubber bonded abrasives are bonded by specific types of rubber, which allows a soft treatment of the piece. The bonding makes the grain only touch the piece very lightly, paving way to a fine removal without hampering the actual metal. In addition, they are extremely flexible. These properties of rubber bonded abrasives lead to their demand from end-use industries which in turn, help in the growth of the market. The rubber bonded abrasive market is expanding with the emergence of new applications and technologies. Rubber bonded abrasive is being used in many applications such as heavy industries, transportation components, electrical & electronic equipment, and medical equipment. The base year considered for the study is 2015, and the forecast has been provided for the period between 2016 and 2026.

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Key companies profiled in the rubber bonded abrasives market research report are 3M Company (U.S.), Tyrolit Group (Austria), PFERD INC (Germany), Y.IKEMURA Co. LTD. (Japan), Abrasivos Manhattan SA (Spain), PACER Industries Inc. (U.S.), Buffalo Abrasives Inc. (U.S.), Schwarzhaupt GmbH & co. (Germany), Saint Gobain (France), Cratex Manufacturing Co. (U.S.), Marrose Abrasives (U.K.), Atto Abrasive Ltd (Ireland), Lowton Abrasive Ltd (U.K.), Buehler (U.S.), and Artifex Dr Lohmann Gmbh & Co KG (Germany).



Drivers

• Rising demand from the precious metal industry
• Flexibility in operations with rubber bonded abrasives

Restraints

• Pollution causing manufacturers to shift base
• Machine parameter constraints

Opportunities

• Increasing demand from high speed applications

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Based on application, the heavy industries segment accounted for the largest share of the rubber bonded abrasives market in 2015

Based on application, the heavy industries segment is estimated to account for the largest share of the rubber bonded abrasives market in 2015. Rubber bonded abrasives are used for cutting and grinding small tools such as screwdrivers, plumbing tools, and other specialty tools, as they do not hamper the quality of metals and are softer as compared to other types of bonded abrasives. In addition, rubber bonded abrasives are used in the steel industry for removing scale or defects from the surface of slabs and in different grinding processes for different kinds of rolls.

Rising demand for rubber bonded abrasives in the Asia-Pacific region is expected to drive the market during the forecast period

Asia-Pacific accounted for the largest share of the rubber bonded abrasives market in 2015 and is expected to grow at the highest rate from 2016 to 2026. China is currently the largest market in Asia-Pacific region for rubber bonded abrasives and is expected to lead the market during the forecast period. India is the fastest-growing market for rubber bonded abrasives. Increasing demand for rubber bonded abrasives from auto ancillaries, aerospace, metal, construction, cleaning & maintenance, medical, food packaging, and heavy industries for precision cutting and grinding of tools such as screwdrivers, plumbing tools, and other specialty tools is expected to drive the rubber bonded abrasives market in these countries.

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