Rubber Bonded Abrasive Market by Material and Geography - Forecast and Analysis 2022-2026

The rubber bonded abrasive market share is expected to increase by USD 345.92 million from 2021 to 2026, at a CAGR of 6.93%.

This rubber bonded abrasive market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers rubber bonded abrasive market segmentation by material (synthetic rubber and natural rubber) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The rubber bonded abrasive market report also offers information on several market vendors, including 3M Corp., Abrasives Manhattan SA, ARTIFEX Dr. Lohmann GmbH and Co. KG, atto Abrasives Ltd., Carborundum Universal Ltd., Compagnie de Saint Gobain SA, CRATEX Manufacturing Co., Illinois Tool Works Inc., Lowton Abrasive Ltd., Marrose Abrasives, MISUMI Group Inc., PACER Industries Inc., PFERD Inc., SAK ABRASIVES Ltd., Schwarzhaupt GmbH and Co. KG, Super Abrasives, and Tyrolit Schleifmittelwerke Swarovski KG among others.

What will the Rubber Bonded Abrasive Market Size be During the Forecast Period?

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Rubber Bonded Abrasive Market: Key Drivers, Trends, and Challenges

The increasing demand for rubber bonded abrasives in heavy industries is notably driving the rubber bonded abrasive market growth, although factors such as machine parameter constraints may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the rubber bonded abrasive industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Rubber Bonded Abrasive Market Driver

One of the key factors driving growth in the rubber bonded abrasive market is the increasing demand for rubber bonded abrasives in heavy industries. Rubber bonded abrasives are utilized in heavy industry applications for unique needs that range from initial metal processing to finished product manufacturing. Rubber bonded abrasives are most commonly used in heavy industries. The global rubber bonded abrasive market is expanding with the emergence of new applications and technologies such as the abrasive belt grinding technique which is useful in shipbuilding, aerospace, mining, steel production industries. Several governments introduced schemes to promote the growth of heavy industries in their region. For instance, the "Make in India" scheme aims to attract huge investments in the manufacturing sector in India. Furthermore, according to the National Steel Policy 2017, the government of India has set a target to ramp up the crude steel production output to 300 million tons by 2030. Therefore, the introduction of such policies has the potential to drive the growth of the global rubber bonded abrasive market is driven by their expanding applications in heavy industries.

Key Rubber Bonded Abrasive Market Trend

The increasing demand from high-speed applications is a rubber bonded abrasive market trend that is expected to have a positive impact in the coming years. The flexibility potential of rubber bonded abrasives is important in industries such as the transportation industry, as well as in electrical and electronic equipment and medical equipment manufacturers to provide high-speed applications. The rubber bonded adhesives have highly improved the performance of the machinery or equipment used in the automotive, oil and gas, electrical and electronic industries. The high-speed applications of rubber bonded abrasive in several industrial processes have accelerated the performance with timely responses. Therefore, this has increased the extensive application of rubber bonded abrasives in the packaging industry and surging demand for packaging materials, especially due to the growing e-commerce industry, the consumption of rubber bonded abrasives is growing. With low heat, toughness, uniformity, and long-life characteristics, rubber bonded abrasive technology offers major economic advantages, thereby spurring the growth of the global rubber bonded abrasive market during the forecast period.

Key Rubber Bonded Abrasive Market Challenge

The machine parameter constraints will be a major challenge for the rubber bonded abrasive market during the forecast period. A wide range of industrial grinding operations and requirements need the use of different types of abrasive tools with accurately adjusted parameters. The appropriate selection of abrasive tool features is essential to meet the requirements and is a prerequisite for their smooth operation. The major parameters of loose abrasive machining, including lapping and polishing, are systematically viewed so that no error occurs during the operation. Every machine has different its own dimensions, and hence, it is difficult to design abrasives exclusively for each machine. Different loose abrasive processes require diverse treatment, such as the honing process, the lapping process, and the application of lubricants, to obtain the desired results. The obtained parameters are used to generate a basic data and information structure to achieve a knowledge warehouse system in finishing processes. Therefore, it is a restraining factor for the growth of the global rubber bonded abrasive market.

This rubber bonded abrasive market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global rubber bonded abrasive market as a part of the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the rubber bonded abrasive market during the forecast period.

Who are the Major Rubber Bonded Abrasive Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• 3M Corp.
• Abrasives Manhattan SA
• ARTIFEX Dr. Lohmann GmbH and Co. KG
• atto Abrasives Ltd.
• Carborundum Universal Ltd.
• Compagnie de Saint Gobain SA
• CRATEX Manufacturing Co.
• Illinois Tool Works Inc.
• Lowton Abrasive Ltd.
• Marrose Abrasives
• MISUMI Group Inc.
• PACER Industries Inc.
• PFERD Inc.
• SAK ABRASIVES Ltd.
• Schwarzhaupt GmbH and Co. KG
• Super Abrasives
• Tyrolit Schleifmittelwerke Swarovski KG

 

This statistical study of the rubber bonded abrasive market encompasses successful business strategies deployed by the key vendors. The rubber bonded abrasive market is fragmented and the vendors are deploying growth strategies such as joining dominant and strong competitors through investments in R and D and continuous efforts to improve their product visibility to compete in the market.

Product Insights and News

• 3M Corp. - 3M Corp. is a public company headquartered in US. It is a global company generating $35,355 million in revenues and has around 95,000 employees. Its revenue from the global rubber bonded abrasive market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
• 3M Corp. - The company offers rubber bonded abrasives that are used for all applications and materials including quick change discs, flap wheels, cartridge rolls, fibre discs and non-woven wheels, brushes, flap discs, hand pads, belts and more to fit needs, under the brand name of 3M.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The rubber bonded abrasive market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Rubber Bonded Abrasive Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the rubber bonded abrasive market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Rubber Bonded Abrasive Market?

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77% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for rubber bonded abrasives in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The rising demand from the metal and steel industries will facilitate the rubber bonded abrasive market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in the region hampered the growth of the regional rubber bonded abrasive market in 2020. China, India, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines were under either partial or full lockdowns to control the spread of COVID-19. However, with the ongoing COVID-19 vaccination drives, operations at rubber bonded abrasive manufacturing sites are expected to rebound in the coming years. China and India are the largest markets for rubber bonded adhesives in the region, where their consumption is driven by end-user industries, such as construction, automotive, electronics and packaging. 

What are the Revenue-generating Material Segments in the Rubber Bonded Abrasive Market?

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The rubber bonded abrasive market share growth by the synthetic rubber segment will be significant during the forecast period. The largest application of synthetic rubber bonded abrasives is in wheels for grinding carbides and ceramics. Rubber-bonded abrasive wheels are formed by selecting the abrasive grain, then sieving it, and kneading the grain into synthetic rubber. A vulcanizing agent such as sulfur is added, and then the mix is rolled between steel calendar rolls to form a sheet of the required thickness. These characteristics of synthetic rubber bonded abrasive is a major factor that drives its widespread use in several industries such as transport, oil and gas, steel and metal, electrical and electronics due to its high tensile strength, longevity, and high resistance to temperature. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the rubber bonded abrasive market size and actionable market insights on post COVID-19 impact on each segment.

 

Rubber Bonded Abrasive Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 6.93%
Market growth 2022-2026	$ 345.92 million
Market structure	Fragmented
YoY growth (%)	9.41
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 77%
Key consumer countries	US, China, Japan, India, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	3M Corp., Abrasives Manhattan SA, ARTIFEX Dr. Lohmann GmbH and Co. KG, atto Abrasives Ltd., Carborundum Universal Ltd., Compagnie de Saint Gobain SA, CRATEX Manufacturing Co., Illinois Tool Works Inc., Lowton Abrasive Ltd., Marrose Abrasives, MISUMI Group Inc., PACER Industries Inc., PFERD Inc., SAK ABRASIVES Ltd., Schwarzhaupt GmbH and Co. KG, Super Abrasives, and Tyrolit Schleifmittelwerke Swarovski KG
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Rubber Bonded Abrasive Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive rubber bonded abrasive market growth during the next five years
• Precise estimation of the rubber bonded abrasive market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the rubber bonded abrasive industry across APAC, Europe, North America, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of rubber bonded abrasive market vendors

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