The overall rubber bonded abrasive market is expected to grow from USD 1.09 million in 2016 to USD 1.47 million by 2026, at a CAGR of 3.1% from 2016 to 2021.
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Browse 80 market data tables and 43 figures spread through 130 pages and in-depth TOC on “Rubber Bonded Abrasives Market”
Rubber bonded abrasives are used in floor polishing, fabrication, off-hand tool grinding, and precision grinding applications. They are preferred as they do not hamper the quality of metals and are softer as compared to the other types of bonded abrasives. In addition, rubber bonded abrasives are used in the steel industry for removing scale or defects from the surface of slabs and in grinding processes for different kinds of rolls. The growing demand for rubber bonded abrasives from industries such as metal, steel, transportation, electrical & electronic, medical, and other heavy industries has propelled the growth of the rubber bonded abrasives market.
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New product launches, and mergers & acquisitions were the key strategies adopted by the major players to achieve growth in the rubber bonded abrasives between 2014 and 2016. These strategies accounted for a major share of all the strategies adopted between 2014 and 2016. Some of the major players in the rubber bonded abrasives market are 3M Company (U.S.), Tyrolit Group (Austria), PFERD INC. (Germany), Y.IKEMURA Co. LTD. (Japan), Abrasivos Manhattan SA (Spain), PACER Industries Inc. (U.S.), Buffalo Abrasives Inc. (U.S.), Schwarzhaupt GmbH & Co. (Germany), Saint Gobain (France), Cratex Manufacturing Co. (U.S.), Marrose Abrasives (U.K.), Atto Abrasive Ltd (Ireland), Lowton Abrasive Ltd (U.K.), Buehler (U.S.), and Artifex Dr Lohmann Gmbh & Co. KG (Germany). Besides new product launches and mergers & acquisitions, companies also adopted the strategies of research & development, and partnerships to strengthen their market share and cater to the increasing demand for rubber bonded abrasives.
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