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Rubber Bonded Abrasive Market Analysis, Trends, Share & Forecast 2017-2024

04-14-2017 03:46 PM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights Inc.

Rubber Bonded Abrasive Market Analysis, Trends, Share &

Rubber Bonded Abrasive Market size may witness significant gains over the forecast timeframe. Strong application scope in transportation and electrical & electronics industry should drive product demand.

Rubber bonded abrasive wheel is preferably applied in polishing and de-burring high carbon steel, precision grinding, and high temperature alloys mainly titanium, hastelloy, and Inconel which are used in automotive and aerospace industries.

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Rubber bonded abrasive market is gaining importance in automobile industry on account of required surface finish and design to vehicles. Additionally, they find usage in medical sector as they are used to sharpen dental tools, which smoothen the edges.

Global industrial rubber market size generated over USD 90 billion in 2015 and may surpass USD 165 billion by 2024, with gains at over 7%.

Asia Pacific, driven by India, South Korea, Japan, and China rubber bonded abrasive market size, may grow significantly over the forecast timeframe.

Rubber bonded abrasive market from medical devices may register significant gains over the forecast timeframe. Global medical devices market was valued at over USD 310 billion in 2015.

Rubber bonded abrasive market size from heavy industries should generate favorable growth. U.S. heavy engineering construction market size was USD 31 billion in 2015, register close to 6%.

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Global rubber bonded abrasive market share is fragmented. Key market players include Saint Gobain, Abrasivos Manhattan, PFERD, Schwarzhaupt, and Tyrolit Group. Other industrial participants include 3M Company, Pacer Industries, Buehler, and Crartex.

Saint Gobain has developed high performance centerless grinding wheel, Norton Century 45, which is designed to improve product cost-competitiveness for large and small operations. It uses silicon carbide and aluminum oxide blends.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com/

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