Rubber Bonded Abrasive
Market to
Witness Growth Acceleration During 2019-2025

Global Market Insights, Inc
present the report on global rubber
bonded abrasive market evaluates the growth trends of the industry through
historical study and estimates future prospects based on comprehensive
research. The report extensively provides the market share, growth, trends and
forecasts for the period 2019-2025.

Rubber bonded abrasive market
size may witness significant gains over the forecast timeframe. Strong
application scope in transportation and electrical & electronics industry
should drive product demand. Low heat transfer, hardness, toughness,
uniformity, extensive usage range, long life, economical advantage are key
properties of this product over other counterparts.

It is widely used for cutting
and grinding small tools floor polishing, precision grinding and fabrication
applications, thereby increasing steel, metal, electrical & electronics,
medical, and transportation industries demand. Rubber bonded abrasives can be
manufactured by using various other compounds including talc, gypsum, calcite,
fluorite, apatite, quartz, topaz, corundum, aluminum oxide, silicon carbide,
borazon and diamond.

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Global industrial rubber
market size generated over USD 90 billion in 2015 and may surpass USD 165
billion by 2024, with gains at over 7%. Positive application outlook in
construction, automotive, and manufacturing industries should drive industry
growth. Rise in motor vehicles production has led to increase in various
industrial products such as hoses, belts, and gaskets.

Asia Pacific, driven by India,
South Korea, Japan, and China rubber bonded abrasive market size, may grow
significantly over the forecast timeframe. Asia Pacific natural rubber
production was over 11 million tons in 2015. Increasing steel, metal, medical,
transportation and electrical & electronics industry should contribute
towards regional market growth.

North America, led by the U.S.
rubber bonded abrasive market may witness significant gains by 2024. Many
manufacturing companies provide products which are used for polishing and architectural
glass edges.

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Europe, driven by UK, France,
Italy, and Germany rubber bonded abrasive market share, may account for
significant gains by 2024. Most of the companies produces and provide products
which are used in engineering, medical, and aerospace industries.

Rubber bonded abrasive market
from medical devices may register significant gains over the forecast
timeframe. Global medical devices market was valued at over USD 310 billion in
2015. Increase in utilization of medical equipment and other applications such
as medical scissors, artificial joints surface polishing, and polishing medical
tweezers thereby stimulating industry growth.

Rubber bonded abrasive market
size from heavy industries should generate favorable growth. U.S. heavy
engineering construction market size was USD 31 billion in 2015, register close
to 6%. Heavy industries comprise of mechanical, electrical and construction
sector such as shipbuilding, industrial robotics, heavy machinery, heavy
construction equipment, railways, and heavy electrical machineries. In harsh
environment, heavy industry applications affect finished metal product cost
efficiency and quality. Materials such as steel bars, coiled steels, pipes, and
iron casting requires durability thereby reducing grinding time and overhead &
labor charges.

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Global electrical equipment
market may witness gains up to 9% by 2024. Implementation of smart technologies
may drive electrical equipment market and influence rubber bonded abrasive
market size. Shift in trend from centralized power generation to decentralized
distributed power generation may favor product demand. Most of the electrical
equipment and components industries are engaged in manufacturing small scale
electrical products including generators, motors, storage batteries, and electric
cooling and heating systems.

Global rubber bonded abrasive
market share is fragmented. Key market players include Saint Gobain, Abrasivos
Manhattan, PFERD, Schwarzhaupt, and Tyrolit Group. Other industrial
participants include 3M Company, Pacer Industries, Buehler, and Crartex.

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