Global Rubber Bonded Abrasives Market By Application (Heavy Industries, Transportation Components, Electrical & Electronic Equipment, Medical Equipment, Aerospace, Household, Printing), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Rubber Bonded Abrasives Market

Global rubber bonded abrasives market is expected to rise to an estimated value of USD 1.81 billion by 2026, registering a steady CAGR in the forecast period of 2019-2026. The rise in the market value can be attributed to the rising demand of rubber bonded abrasives from the precious metal industry and flexibility in operations with rubber bonded abrasives.

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Market Definition: Global Rubber Bonded Abrasives Market

Bonded abrasives are natural abrasives that are fused to form a solid. They are composed of fillers, bonding material and abrasive grains. Some of the examples of bonded abrasives are resinoid bond mounted points, resinoid grinding cups, vitrified bond mounted points, rubber bond mounted points, flat unreinforced grinding wheel and others. There is a growing demand for rubber bonded abrasives in medical equipment activates, electrical & electronic equipment, transportation components and in heavy industries which are expected to drive the market in the forecast period.

Market Drivers:

Rising demand from the precious metal industry will act as a driver for the market in the forecast period
Flexibility in operations with rubber bonded abrasives will also act as a driver for the market
Increasing product usage in hot melt adhesives and agricultural films particularly in Latin America will drive the regional application scope of the market
Increasing usage of rubber bonded abrasives will also act as a driver for the market.

 Market Restraints:

Machine parameter constraints; this factor will hamper the growth of market in the forecast period
Manufacturers are shifting their base due to high pollution; this factor will also hamper the market

Global Rubber Bonded Abrasives Market Segmentation:

By Application

Heavy Industries
Transportation Components
Electrical & Electronic Equipment
Medical Equipment
Aerospace
Household
Printing

By Geography

North America
U.S.
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific
Middle East and Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East and Africa

Key Developments in the Market:

In March 2019, SAK Abrasives Inc., a division of SAK Industries Pvt. Ltd. bought Buffalo Abrasives, Inc., who is full line supplier of rubber-bonded abrasive products, vitrified, shellac, and resinoid.  SAK Abrasives Inc. is a manufacturer of super, coasted and bonded abrasive products, which is based in India. Such acquisition will help the company to penetrate more into this market
In July 2016, Atto Abrasive launched a new range of polishing wheels in their Axiom portfolio, particularly for the saw blade industry. It is available in both cork and rubber bond and are used for polishing of saw blades. They are available in a variety of grit sizes and grit types. Such new launches will help the company to grow in this market.

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Competitive Analysis:

Global rubber bonded abrasives market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of rubber bonded abrasives market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the rubber bonded abrasives market are 3M, Abrasivos Manhattan SA, Artifex DR Lohmann GmbH & Co Kg., Atto Abrasives Ltd., Buehler, Buffalo Abrasives, Inc., Cratex Manufacturing Co., Lowton Abrasive Ltd., Marrose Abrasives, Pacer Industries, Inc., Pferd Inc., Saint Gobain, Schwarzhaupt GmbH & Co. Kg, Tyrolit Group, Y. Ikemura& Co. Ltd., Abtex Corporation, VSM Abrasives Corporation, Cratexand and many more.