Global Rubber Bonded Abrasives Market, By Application (Heavy Industries, Transportation Components, Electrical & Electronic Equipment, Medical Equipment)
The global rubber bonded abrasives market accounted for USD 1.10 billion in 2016 and is projected to grow at a CAGR of 3.2% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global Rubber Bonded Abrasives Market
Bonded abrasives are natural abrasives which are fused to form a solid in the shape of a wheel. They are usually a combination of abrasive grains, bonding material, and fillers.
Examples of Bonded abrasives are flat reinforced cutting-off wheel, depressed center reinforced cutting off wheel, depressed center reinforced grinding wheel, coolie hat for grinding, flat reinforced for grinding wheel, flat unreinforced grinding wheel, rubber bond mounted points, vitrified bond mounted points, resinoid grinding cups, and resinoid bond mounted pointsThere is a growing demand for rubber bonded abrasives inheavy industries, transportation components, electrical & electronic equipment and medical equipmentactivates, which is expected to be one of the major drivers of the market over the next seven years.
Major market drivers:
- Highdemand from the precious metal sector
- Operation flexibility with rubber bonded abrasives
- Manufacturers to shift base due to pollution by industries
- Machine parameter constraints
Market Segmentation: Global Rubber Bonded Abrasives Market
The rubber bonded abrasives market is segmented on the basis of application into heavy industries, transportation components, electrical & electronic equipment and medical equipment.
On the basis of geography, the rubber bonded abrasives market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Competitive Landscape: Global Rubber Bonded Abrasives Market
The global rubber bonded abrasives market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors: Global Rubber Bonded Abrasives Market
Some of the major players in rubber bonded abrasives market 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 many more.
Research Methodology: Global Rubber Bonded Abrasives Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models.
market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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