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Rubber Bonded Abrasive Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Rubber Bonded Abrasive Market is segmented by Application (Powertrain, Gear, Bearing, Turbines, and Others), End-user Industry (Industrial Machinery, Automotive, Electrical & Electronics, Healthcare, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

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Rubber Bonded Abrasive Market Size

Rubber Bonded Abrasive Market - Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 3.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Rubber Bonded Abrasive Market

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Rubber Bonded Abrasive Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

Rubber Bonded Abrasive Market Analysis

The global market for rubber bonded abrasive is expected to grow at a CAGR of over 3% during the forecast period. The major factor driving the market studied is the growing demand from metal and steel industries over the forecast period. On the flip side, environmental constraints due to the production of rubber bonded abrasives and unfavorable conditions arising due to the COVID-19 outbreak are expected to hinder the growth of the market.

The industrial machinery segment is expected to dominate the market studied over the forecast period.

Asia-Pacific region dominated the rubber bonded abrasives market and is also forecasted to be the fastest-growing market during the forecast period owing to the increasing consumption for countries such as China and India.

Rubber Bonded Abrasive Market Trends

This section covers the major market trends shaping the Rubber Bonded Abrasive Market according to our research experts:

Growing Demand from the Industrial Machinery Industry

  • Rubber-bonded abrasives have high strength and elasticity. They are commonly used for making flexible wheels, snagging work in foundries, and for thin wheels for wet cut-off operation.
  • The demand for rubber-bonded abrasive is on the rise from industries like metal, steel, as it is used in production and assembly lines, in finishing operations, in tool and machine shops, for the production of basic tools, instruments, components parts, and for maintenance and repairs.
  • In heavy industries, rubber bond abrasives are used during manufacturing, maintenance. They are also used for repair purposes in upstream, midstream, and downstream components during the production of oil and gas.
  • It is used on the industrial grinders and cutting machines, such as lathe machines, used to manufacture other machine components. Abrasives ensure not only the longevity of the grinders and cutting blades, but they also provide precision during the job, as they maintain the sharpness of the blades.
  • Therefore, the growing demand for industrial machinery segment is expected to boost the demand for rubber bonded abrasives over the coming years.
Rubber Bonded Abrasive Market Revenue Share

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region is expected to dominate the market for rubber bonded abrasive and is also forecasted to be the fastest-growing market over the forecast period.
  • China is one of the fastest emerging economies in the Asia-Pacific region. China's geographical location provides easy access to the industrial goods markets of the neighboring countries, and globally of other countries, making China a major access point for manufacturers and suppliers.
  • This has resulted in making China the largest manufacturing country in the world. The manufacturing industry of the country is still experiencing rapid growth rates owing to the fast adoption of technologies. The country has the world's largest electronics manufacturing and services industry.
  • The industrial machinery, healthcare, and the manufacturing sector in India have seen increased growth with commercial and government investments as well as huge inflows of FDI, which have driven the market for rubber bonded abrasives in the country.
  • Japan's exports of electronics and high-technology products serve as the engine of the country's economic growth. As the country supports domestic as well as international demand for electronics and other technologies, with surging demand in both the markets, the consumption of rubber bonded abrasive products is likely to increase.
  • The aforementioned factors, coupled with government support, are contributing to the increasing demand for rubber bonded abrasive during the forecast period.
Rubber Bonded Abrasive Market Regional Trends

Rubber Bonded Abrasive Industry Overview

The global rubber bonded abrasive market is partially fragmented with players accounting for a marginal share of the market. The major companies are 3M, ABRASIVOS MANHATTAN, S.A., Schwarzhaupt GmbH & Co. KG, Atto Abrasive Ltd., and Marrose Abrasives among others.

Rubber Bonded Abrasive Market Leaders

  1. 3M

  2. ABRASIVOS MANHATTAN, S.A.

  3. Schwarzhaupt GmbH & Co. KG

  4. Atto Abrasive Ltd

  5. Marrose Abrasives

*Disclaimer: Major Players sorted in no particular order

Rubber Bonded Abrasive Market
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Rubber Bonded Abrasive Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from Metal and Steel Industries

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Environmental Constraints

      2. 4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Powertrain

      2. 5.1.2 Gear

      3. 5.1.3 Bearing

      4. 5.1.4 Turbines

      5. 5.1.5 Others

    2. 5.2 End-user Industry

      1. 5.2.1 Industrial Machinery

      2. 5.2.2 Automotive

      3. 5.2.3 Electrical & Electronics

      4. 5.2.4 Healthcare

      5. 5.2.5 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share(%)/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 ABRASIVOS MANHATTAN, S.A.

      3. 6.4.3 Atto Abrasive Ltd

      4. 6.4.4 Buehler

      5. 6.4.5 Buffalo Abrasives, Inc.

      6. 6.4.6 Carborundum Universal Limited

      7. 6.4.7 Cratex Manufacturing Co.,Inc.

      8. 6.4.8 Marrose Abrasives

      9. 6.4.9 PACER Industries Inc.

      10. 6.4.10 PFERD INC.

      11. 6.4.11 Schwarzhaupt GmbH & Co. KG

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Rubber Bonded Abrasive Industry Segmentation

The Rubber Bonded Abrasive market report includes:

Application
Powertrain
Gear
Bearing
Turbines
Others
End-user Industry
Industrial Machinery
Automotive
Electrical & Electronics
Healthcare
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Rubber Bonded Abrasive Market Research FAQs

The Rubber Bonded Abrasive Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)

3M, ABRASIVOS MANHATTAN, S.A. , Schwarzhaupt GmbH & Co. KG, Atto Abrasive Ltd and Marrose Abrasives are the major companies operating in the Rubber Bonded Abrasive Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Rubber Bonded Abrasive Market.

The report covers the Rubber Bonded Abrasive Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Rubber Bonded Abrasive Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Rubber Bonded Abrasive Industry Report

Statistics for the 2024 Rubber Bonded Abrasive market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Rubber Bonded Abrasive analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Rubber Bonded Abrasive Report Snapshots

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Rubber Bonded Abrasive Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)