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