Stratview Research in its recent report has offered an overlook of the current Rubber Bonded Abrasives Market scenarios and has also estimated the Rubber Bonded Abrasives Market size to reach grow at CAGR of 4.2% by 2025. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis.
Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period of 2020 – 2025, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.
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Rubber Bonded Abrasives are commonly natural abrasive grains that formed into solid, commonly into a wheel-shaped form. In comparison to many other bonded abrasives, the rubber bonded abrasives are much harder and friable and also quite tough in nature. They are mostly used in applications of heavy duty nature such as cutting, grinding, sharpening, and others.
Rubber Bonded Abrasives are known to be much efficient than others due to their amazing features of toughness and others. Some of the important industries where these are used are heavy industries, electrical, transportation, medical equipment, and others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the application type, the market is segmented as heavy industries, transportation components, electrical & electronic equipment, medical equipment, and others. The heavy industries segment is considered to be the largest application segment. The growth is attributed to the fact that these abrasives are healthier for usage and offer suppleness throughout processes when equated to further bonded abrasives. Further, mounting steel engineering and foundries across the globe is driving the market.
In terms of regions, Asia-Pacific is estimated to burgeon at the highest growth in the rubber bonded abrasives market in the coming five years. Fast industrial development and upward applications, such as heavy industries, electrical & electronic equipment, and transportation equipment have ushered the rise in demand for rubber bonded abrasives in this region. China and India are the growth engines of the region. Majority of the manufacturing giants are directing on the evolving markets in region and augmenting their presence by establishing manufacturing conveniences, delivery centers, and R&D centers in this region, which in turn is driving the global market during the forecast period. North America and Europe are also expected to offer considerable growth opportunities in the coming five years.
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Highlights of the Report:
Rubber bonded abrasives market is likely to witness a modest CAGR of 4.2% during the forecast period. Rubber bonded abrasive is employed in heavy industries application for explicit requirements that vary from primary processing of metal to engineering of completed products. Rubber bonded abrasives are adopted in foundries where static points are applied and for overall accuracy in cutting and grinding of the enormously tiny particulars of apparatuses as they are extremely supple. Further, the steel manufacturing sector has extensive application of rubber bonded abrasives, largely for the determination of eliminating scale or imperfections from the exterior of slabs. Consequently, the rising heavy industries application drives the growth of the global rubber bonded abrasives market.
Some of the major players in the rubber bonded abrasives market are The 3M Company, Tyrolit Group, Pferd Inc., Y. Ikemura & Co. Ltd., Abrasivos Manhattan SA, Pacer Industries, Inc., Buffalo Abrasives, Inc., Schwarzhaupt GmbH & Co. Kg, Cratex Manufacturing Co., Atto Abrasives Ltd., and Lowton Abrasive Ltd.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Rubber Bonded Abrasives Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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