Rubber Bonded Abrasives Market Forecasts to 2028 – Global Analysis By Type (Synthetic and Natural), Application (Transportation Components, Polishing, Heavy Industries, Household Equipment and Other Applications), End User and By Geography

Rubber Bonded Abrasives Market Forecasts to 2028 – Global Analysis By Type (Synthetic and Natural), Application (Transportation Components, Polishing, Heavy Industries, Household Equipment and Other Applications), End User and By Geography

According tStratistics MRC, the Global Rubber Bonded Abrasives Market is accounted for $1.41 million in 2022 and is expected treach $2.40 million by 2028 growing at a CAGR of 9.19% during the forecast period. Bonded abrasives are abrasives that have been fused tproduce a solid. They are made up of fillers, bonding substance, and abrasive grains. Resinoid bond mounted points, resinoid grinding cups, vitrified bond mounted points, rubber bond mounted points, flat unreinforced grinding wheel, and others are notable examples of bonded abrasives. These rubbers are bonded by specific rubbers, allowing for a delicate treatment of the piece. Natural and synthetic rubber-bonded abrasives are available. They can be used in twways: grinding and polishing wheels.

According tthe National Steel Policy 2017, the government of India has set a target tramp up the crude steel production output t300 million tons by 2030.

Market Dynamics:

Driver:

Increasing demand for rubber bonded abrasives in heavy industries

Rubber bonded abrasives are used in heavy industry applications for a variety of purposes ranging from metal processing tfinal product manufacture. Rubber bonded abrasives are most typically used in heavy industries. The global rubber bonded abrasive market is growing as new applications and technologies arise, such as the abrasive belt grinding technique, which is beneficial in the shipbuilding, aerospace, mining, and steel manufacturing industries. Some governments launched initiatives tencourage the expansion of heavy industry in their respective regions. As a result, the implementation of such policies has the potential tboost the worldwide rubber bonded abrasive market, which is driven by their expanding usage in heavy industries.

Restraint:

Health hazards

The dangerous consequences of pollution induced by the manufacturing process of Rubber Bonded Abrasives would represent a substantial impediment tmarket expansion. Hazardous elements such as aluminium oxide, zirconium, silicon carbide, and ceramic are present in the abrasive material and the surface being blasted. Silica sand (crystalline) can cause silicosis, lung cancer, and breathing issues in workers whare exposed tit. The availability of market alternatives or substitution by superior grade bonded abrasives would pose a threat tthe growth of the rubber bonded abrasives market. As a result, these are some of the major challenges confronting the Rubber Bonded Abrasives sector.

Opportunity:

Increasing demand from high-speed applications

High-speed applications of rubber bonded abrasive in numerous industrial processes have increased performance with rapid reactions. As a result of the extensive application of rubber bonded abrasives in the packaging industry and the surging need for packaging materials, particularly due tthe growing e-commerce industry, the consumption of rubber bonded abrasives is increasing. Rubber bonded abrasive technology provides significant economic benefits because tits low heat, toughness, uniformity, and long-life qualities, consequently driving the growth of the global rubber bonded abrasive market during the forecast period.

Threat:

Rising prevalence of machine parameter

The primary parameters of loose abrasive machining, including lapping and polishing, are systematically examined tensure that nerrors occur throughout the operation. Because each machine has distinct dimensions, it is difficult tdevelop abrasives specifically for each machine. Tachieve the necessary results, several loose abrasive techniques, such as honing, lapping, and lubricant application, must be used. The parameters acquired are utilised tconstruct a basic data and information structure in order tachieve a knowledge warehouse system in the final stages of the process. As a result, it is a restraint on the global rubber bonded abrasive market's growth.

Covid-19 Impact

The COVID-19 pandemic majorly impacted the rubber bonded abrasives market due trestricted production, supply chain disruption, logistics restrictions and a fall in demand. Decreasing production activities in various industries and increasing restrictions due tlockdown globally reduced the rate of operations. However, with robust growth and flourishing applications across major industries such as automotive, electrical & electronics and others, the Rubber Bonded Abrasives market size is anticipated tgrow rapidly during the forecast period.

The synthetic segment is expected tbe the largest during the forecast period

The synthetic segment is estimated thave a lucrative growth, owing textensive properties provided by synthetic over natural rubber bonded abrasives. Synthetic rubber is more abrasion and heat resistant than natural rubber. Synthetic rubber bonded abrasive's high tensile strength, endurance, and temperature tolerance are important drivers of its widespread application in a range of industries, including transportation, steel and metal, electrical and electronics.

The transportation segment is expected thave the highest CAGR during the forecast period

The transportation segment is anticipated twitness the fastest CAGR growth during the forecast period. Rubber-bonded abrasives such as aluminium oxide, zirconium, silicon carbide, and ceramic are utilised in the production of transportation components such as autancillaries, bearings and gears, and vehicle OEMs. They are typically utilised in bearing processing, disc grinding, and centerless grinding, primarily for bearing rind and roller. The rubber bonded abrasives market is being driven by rising transportation demand.

Region with highest share:

Asia Pacific is projected thold the largest market share during the forecast period. Increasing industrialization and rising applications such as heavy industries, electrical & electronic equipment, and transportation equipment have resulted in an increase in demand for rubber bonded abrasives in this region. Because of China's geographical location, manufacturers and suppliers have easy access tthe industrial goods markets of neighbouring nations and around the world. Increasing growth in construction activities, industrialisation, and urbanisation will fuel the expansion of the rubber bonded abrasives market.

Region with highest CAGR:

North America is projected thave the highest CAGR over the forecast period. North America, driven by the rubber bonded abrasive market in the United States, may experience considerable growth by 2024. Numerous manufacturing businesses sell products for polishing and architectural glass edges. The expansion of the steel, metal, medical, transportation, and electrical and electronics industries should help drive regional market growth. Furthermore, the presence of a well-developed automotive industry is expected tboost market expansion throughout the forecast period.

Key players in the market

Some of the key players profiled in the Rubber Bonded Abrasives Market include AttAbrasive, PACER Industries, Cratex Manufacturing, Tyrolit Group, BuffalAbrasives, Y.IKEMURA, 3M Company, Marrose Abrasives, Schwarzhaupt, Saint Gobain, Artifex Dr. Lohmann Gmbh & CKG and Buehler.

Key Developments:

In July 2016, AttAbrasive launched the new AttAlpha Superfinishing range. Which includes bonded mounted points, quick change disks and polishing wheels. Its application include surface preparation, deburring and polishing.

In June 2016, Saint Gobain abrasive launched new line of centerless grinding wheels, these newly developed wheels reduce cycle time up percent improves stock removal up t30 percent & increases wheel life.

Types Covered:
• Synthetic
• Natural

Applications Covered:
• Transportation Components
• Polishing
• Heavy Industries
• Household Equipment
• Cutting
• Electrical & Electronic Equipment
• Grinding
• Medical Equipment
• Other Applications

End Users Covered:
• Medical & Healthcare
• Locomotive
• Marine
• Aerospace
• Automotive
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements