The increasing demand for rubber bonded abrasives across various end-use industries is the major factor driving the global rubber bonded abrasives market. In particular, the use of rubber bonded abrasives in heavy industries and transportation components is the key growth driver of this market. Moreover, they are increasingly being utilized in medical equipment and various other medical applications such as medical scissors, polishing of medical tweezers, and surface polishing of artificial joints among others.
However, the growth of this market is hampered due to certain factors. Machine constraints due to the heavy weight of rubber bonded abrasives over other abrasives and environmental pollution in their production are hampering the market’ s growth. Nevertheless, the soft surface of rubber bonded abrasives and their attribute of saving metal quality has led to their increased preference over other bonded abrasives.
Global Rubber Bonded Abrasives Market: Regional Overview
The global market for rubber bonded abrasives can be segmented into the regional markets of North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Amongst these, Asia Pacific stood as the leading regional market in the recent years and is expected to display the highest growth rate in the coming years. China is expected to dominate the Asia Pacific rubber bonded abrasives market in the coming years. India is expected to display the highest growth rate owing to the large-scale industrialization and the increasing demand for rubber bonded abrasives across several end-use industries.
Europe is also a significant market for rubber bonded abrasives. Global Rubber Bonded Abrasives Market: Competitive Outlook
Some of the leading companies in the global market for rubber bonded abrasives are Saint Gobain, Schwarzhaupt GmbH & Co., Abrasivos Manhattan SA, Lowton Abrasive Ltd., Atto Abrasive Ltd., PFERD Inc., Artifex Dr Lohmann GmbH & Co, Marrose Abrasives, and Tyrolit Group. Each of the companies are profiled for their key attributes of business positioning, product portfolio and specification, recent developments, and SWOTs.
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