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The rubber bonded abrasive market size is forecast to increase by USD 534.1 million at a CAGR of 10.03% between 2023 and 2028.
The rubber bonded abrasive industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The synthetic rubber segment is estimated to witness significant growth during the forecast period.
Synthetic rubber bonded abrasives, utilizing thermoplastic polymers like styrene-isoprene block copolymers (SIS), neoprene, and styrene butadiene rubber (SBR), account for the largest share of abrasive grain production. These materials consist of 80-90% abrasive grains. The binder for synthetic rubber adhesive employs copolymers and mechanical mixtures. The primary application of rubber-bonded abrasives lies in grinding wheels for carbides and ceramics. The manufacturing process involves selecting the appropriate abrasive grain, sieving it, and kneading it into synthetic rubber. A vulcanizing agent, such as sulfur, is incorporated, followed by rolling the mixture between steel calendar rolls to create a sheet of the desired thickness.
Abrasive optimization, coated abrasives, abrasive cloth, and various abrasive technologies, including resin, vitrified, ceramic, and metal bond, contribute to the market's evolution. Abrasive grains, such as aluminum oxide and silicon carbide, are integral to surface finishing processes. Abrasive efficiency, durability, and performance are crucial factors driving market growth. Abrasive tools, including abrasive paper, belts, rolls, discs, flaps, brushes, and pastes, cater to diverse applications within the manufacturing industry. Zirconia alumina and other advanced abrasive materials further expand the market's scope.
The Synthetic rubber segment was valued at USD 605.10 million in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 71% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market in the Asia Pacific region is experiencing significant growth due to the revival of key manufacturing industries following the COVID-19 pandemic. Manufacturers in the area are transitioning from mercury-based production to membrane technology. The metal and steel industries are the primary drivers of this market, as rubber bonded abrasives are extensively used in manufacturing and assembly lines, finishing processes, tool production, and maintenance and repair applications. These abrasives offer advantages such as improved efficiency, durability, and versatility. Aluminum oxide and silicon carbide are commonly used abrasive grains, while abrasive technology includes resin, vitrified, ceramic, and metal bonds.
Coated abrasives, abrasive cloth, abrasive paper, abrasive stones, abrasive belts, abrasive rolls, abrasive discs, and abrasive brushes are various forms of rubber bonded abrasives. Abrasive optimization and abrasive selection are crucial for maximizing abrasive life and performance. The manufacturing industry relies heavily on these abrasives for material removal and surface finishing processes. Zirconia alumina and other advanced abrasive materials are also gaining popularity for their superior properties. Overall, the market in APAC is poised for continued growth, driven by the evolving needs of the manufacturing sector.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rubber bonded abrasive market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the rubber bonded abrasive market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, rubber bonded abrasive market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
3M Co. - The company specializes in providing a diverse range of rubber bonded abrasives, ideal for various applications and materials.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market continues to evolve, driven by advancements in technology and diverse applications across various sectors. Ceramic bond abrasives, known for their high strength and durability, are increasingly being adopted for surface finishing in the manufacturing industry. Abrasive efficiency and durability are paramount in this context, with aluminum oxide and other abrasive grains playing crucial roles. Rubber bond abrasive paper and stones are widely used for stock removal and material finishing, respectively. Abrasive engineering and optimization techniques are essential in ensuring optimal abrasive performance and extending abrasive life. Coated abrasives and abrasive cloths offer enhanced flexibility and adaptability, while abrasive pastes and belts cater to specific grinding applications.
Abrasive efficiency and abrasive durability are key factors influencing market dynamics. The ongoing quest for improved abrasive performance and cost-effectiveness is driving innovation in abrasive technology. Silicon carbide and other abrasive grains are being explored for their unique properties, while abrasive discs and flaps are gaining popularity in metal bond applications. The manufacturing industry's ever-evolving requirements continue to shape the abrasive market. Abrasive tools and brushes, electroplated bond abrasives, and abrasive rolls are all essential components in various manufacturing processes. Grinding wheels and abrasive process adaptations are essential for maintaining production efficiency and ensuring consistent quality.
In summary, the market is characterized by continuous innovation and evolution, with a focus on enhancing abrasive efficiency, durability, and adaptability to meet the diverse needs of various industries. Abrasive grains, bond types, and application-specific products are all crucial elements in this dynamic market.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Rubber Bonded Abrasive Market insights. See full methodology.
| Market Scope | |
| Report Coverage | Details | 
| Page number | 137 | 
| Base year | 2023 | 
| Historic period | 2018-2022 | 
| Forecast period | 2024-2028 | 
| Growth momentum & CAGR | Accelerate at a CAGR of 10.03% | 
| Market growth 2024-2028 | USD 534.1 million | 
| Market structure | Fragmented | 
| YoY growth 2023-2024(%) | 8.88 | 
| Key countries | China, US, Japan, India, and Germany | 
| Competitive landscape | Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks | 
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Material
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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