Rubber Bonded Abrasive Competitive Market Share and Forecast 2017-2024

Rubber bonded abrasive market is gaining importance in automobile industry on account of required surface finish and design to vehicles. Additionally, they find usage in medical sector as they are used to sharpen dental tools, which smoothen the edges.

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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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.

Rubber bonded abrasive wheel is preferably applied in polishing and de-burring high carbon steel, precision grinding, and high temperature alloys mainly titanium, hastelloy, and Inconel which are used in automotive and aerospace industries.

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.

Increasing steel, metal, medical, transportation and electrical & electronics industry should contribute towards regional market growth.

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.

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.

Europe, driven by UK, France, Italy, and Germany rubber bonded abrasive market share, may account for significant gains by 2024.

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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.

Companies are focused on enhancing their product portfolio to edge over other competitors and gain market share.

Saint Gobain has developed high performance centerless grinding wheel, Norton Century 45, which is designed to improve product cost-competitiveness for large and small operations.

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About Global Market Insights: Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services.