Rubber Bonded Abrasives Market by Application (Heavy Industries, Transportation Components, Electrical & Electronic Equipment, Medical Equipment) - Global Analysis & Forecast 2019-2030
Report ID : 136 | Published Date : Jan 2020 | Pages : 210 | Region : Global | Report Code : CM-11
Rubber Bonded Abrasives Market Overview and Introduction
Rubber bonded abrasives are mixtures of abrasive grains and fillers which are bonded in a solid form with the help of rubber as a medium. They are mainly used for making grinding and cut-off wheels, snagging wheels, segments, mounted wheels, plugs, and cones. They are used in various applications such as heavy industries, transportation components, electrical & electronic equipment, and medical equipment, aerospace, household, and printing. The advantages of rubber bonded abrasives over the other bonded abrasives, such as resin or vitreous, are that they do not affect the metal quality and are flexible when used.
The major factors which are driving market growth are the increasing demand for the rubber bonded abrasives in automotive & heavy industries. However, the presence of alternative products will have a negative impact on market growth.
Rubber Bonded Abrasives Market By Application
The global rubber bonded abrasives market is segmented by application and region. Based on application, the rubber bonded abrasives market is segmented into heavy industries, transportation components, electrical & electronic equipment, medical equipment, and others. Rubber-bonded abrasives offer a wide range of benefits over other types of abrasives such as high flexibility, more softness (hence, are preferred in grinding), they do not affect the metal quality. Due to such advantages, rubber bonded abrasives are regularly used in heavy industries for off-hand tool grinding, floor polishing, fabrication, and other heavy industry applications.
Rubber Bonded Abrasives Market By Region
The global rubber bonded abrasives market can be segmented into North America, Europe, Asia Pacific, and the Rest of World (ROW). The Asia Pacific region dominated the market of Rubber bonded abrasives, followed by the Rest of the World and Europe. Asia Pacific will continue to dominate the global rubber bonded abrasives market during the forecast period owing to factors such as increase in the manufacture of durable goods such as machinery, transportation equipment, and electrical & electronic equipment. China is the largest national market and accounts for around 30% of global market share. Many MNC players have their production facilities in China owing to the convenience of manufacturing low-cost abrasives exports.
Rubber Bonded Abrasives Market Prominent Players
Some prominent players in the global rubber bonded abrasives market include Saint-Gobain, Tyrolit Group, PFERD INC. (August Rüggeberg GmbH & Co. KG), CUMI (Murugappa Group), ABRASIVOS MANHATTAN, S.A., Pacer Industries, Inc., atto Abrasives Limited, Schwarzhaupt GmbH & Co. Kg, Marrose Abrasives, Cratex, and others.